April 11, 2026 12:01 am (IST)
Follow us:
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Nissan Motor India marks major network expansion with 54 new customer touchpoints in Q1 of CY 2026
Fri, Apr 10 2026
Groww shares climb 5%, extend rally for third session
Fri, Apr 10 2026
From Oracle layoffs in the US to an India comeback: Couple’s emotional story goes viral
Fri, Apr 10 2026
South Asia remains fastest-growing region; India continues as growth engine: World Bank
Thu, Apr 09 2026
AI impact: Dell cuts 11,000 jobs in strategic workforce trim
Thu, Apr 09 2026
TCS gains ahead of Q4 earnings; street eyes growth signals
Thu, Apr 09 2026
Meesho shares soar 14% — stock now 55% above IPO price!
Thu, Apr 09 2026