December 16, 2025 02:20 pm (IST)
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Kotak Mahindra Bank offers Monsoon bonanza
Mumbai, Aug 22 (IBNS): To celebrate the long-awaited bountiful rains this year, Kotak Mahindra Bank (KMB) is presenting several tempting offers: Interest rates on home loans and business loans have been lowered; processing fees have been discounted, and foreclosure charges are being completely waived off, till Sept 10.
Customers can now avail home loans at a special interest rate of 9.35% p.a., and business loans/overdraft up to 1% lower interest rate with 25% waiver on processing fees. Additionally, Kotak Mahindra Prime, the 100% subsidiary of KMB, is also offering 50% waiver on processing fee and 100% waiver on foreclosure charges, the bank said in a statement.
Further, on account opening, new customers will also receive gift vouchers from Club Mahindra, Pizza Hut, BookMyShow and Yatra.
Sumit Bali, Sr. EVP & Head – Personal Assets, Kotak Mahindra Bank, said, “In addition to offering 6% p.a. interest rate on savings account on balance of above Rs. 1 lakh, we have designed several loan offers for new and existing customers, for a limited period.”
“Good monsoons always translate into positive news for the country’s economy. We want customers to prosper more, through our special deals on home, business and car loans, in addition to the higher interest rate on savings account,” added Bali.
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