April 20, 2026 10:19 pm (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
Oil jumps over 5% as Strait of Hormuz closure fuels supply fears
Mon, Apr 20 2026
Markets remain volatile amid West Asia tensions, rising crude
Mon, Apr 20 2026
From minerals to microchips: Odisha’s big leap into future tech
Sun, Apr 19 2026
Game changer: India’s first Advanced 3D Glass Semiconductor Packaging Unit to be unveiled in Odisha
Sat, Apr 18 2026
Meta eyes first wave of layoffs on May 20: Report
Sat, Apr 18 2026
Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani
Fri, Apr 17 2026
Lenskart dress code row: Hijab allowed, bindi restriction triggers backlash; CEO responds
Thu, Apr 16 2026
Rupee rises 9 paise, upside limited by dollar demand
Thu, Apr 16 2026