Kotak launches its festive offering Khushi Ka Season with attractive incentives
Mumbai/IBNS: Attractive loan rates, loan processing fee waivers and quick online loan approvals on a range of retail and agri loan segments are some of the highlights of Kotak Mahindra Group’s (Kotak’s) festive offering called Khushi Ka Season, this year.
According to the company, customers can avail special offers on other banking products, including savings accounts, debit & credit cards and no-cost EMI payments.
Kotak said it is also partnering leading ecommerce players such as Amazon.in and Flipkart with exciting offers for Kotak debit and credit cardholders.
In addition, Kotak has tied up with over 100 brands to introduce curated deals on its debit cards, credit cards, payments via Kotak net banking & mobile banking channels and no-cost EMI.
Shanti Ekambaram, Group President – Consumer Banking, Kotak Mahindra Bank Ltd said, “We are pleased to launch the 2020 edition of Khushi Ka Season, a month-long celebration to cater to all our customers’ financial & lifestyle needs – be it borrowing, savings, shopping or payments. We also recognise the increasingly larger and active role that a woman is playing in household finances and are offering preferential pricing for women applicants on loans for personal as well as for business purposes.”
D Kannan, Group President – Commercial Banking, Kotak Mahindra Bank Ltd. said, “Khushi Ka Season is being celebrated throughout India and Bharat, from the metros to our smaller cities & towns and villages.”
Vyomesh Kapasi, Managing Director, Kotak Mahindra Prime Ltd. said, “There is huge pent-up demand for personal consumption items and we are seeing a strong bounce back. Auto sales is one example. Earlier, the reasons for buying a car ranged from convenience to comfort to perhaps acquiring a status symbol. In the new normal, the purpose of buying a car to ensure the safety of one’s family is also turning out to be very important. With Khushi Ka Season, we are delighted to offer consumers a number of attractive offers on car and two-wheeler loans.”
Some of the offerings (subject to terms and conditions) under the festive plan are -- home loans starting at 7 per cent per annum; 50 per cent waiver on Processing Fee on Car Loans and Two-wheeler Loans, 50% per cent waiver on Processing Fee on Agri Business, Commercial Vehicle and Construction Equipment Finance, etc.