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Kotak Takes the Lead - Holds Home Loan Interest Rates at 6.65% p.a.

Kotak Takes the Lead - Holds Home Loan Interest Rates at 6.65% p.a.
Posted On:
2021-04-12 08:42:04
(Time Zone: Arizona, USA)
Kotak Mahindra Bank Ltd (KMBL) today positioned itself as the frontrunner in the home loan market when it announced that home loan borrowers will continue to enjoy its special interest rate of 6.65% p.a. This incredibly low interest rate is applicable across all loan amounts.
Both fresh home loan applicants and balance transfer cases are eligible for interest rates beginning at 6.65% p.a. Interest rates are linked to borrowers credit score and the Loan to Value (LTV) ratio.
Ambuj Chandna, President - Consumer Assets, Kotak Mahindra Bank said, Buoyed by the convergence of a number of factors, not the least of which was a steep drop in home loan interest rates, the industry has witnessed a healthy growth in home sales in recent months. We expect this trend to continue with consumers keen to purchase and live & work in their own ....

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Q3FY21 Result Update - Kotak Mahindra Bank Ltd - YES Securities

Q3FY21 Result Update - Kotak Mahindra Bank Ltd - YES Securities
Posted On:
(Rating: BUY, TP: Rs 2,005, Upside 11.8%)
Sturdy growth, asset quality and earnings performance; causing mild upgrades in EPS/ABV estimates. Retain BUY rating and raise 12m PT to Rs2,005
- KMB delivered a better-than-expected core operating performance, reflected in marginal beat on core PPOP (up 33% yoy and reversion of core PPOP margin to pre-Covid level) and significantly lower credit cost. The latter was underpinned by a strong asset quality performance that was manifested in restrained 60bps sequential increase in proforma Gross NPLs (to 3.3%), marginal one-time restructuring at 0.28% of net advances and lower SMA-2 book at 31 bps of net advances. On the proforma NPLs, KMB provided for interest accrued but not collected even for the moratorium period. As the bank did not dip into its Covid buffer, it was stable at Rs12.8bn (60 bps of advances). ....

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Kotak unveils digital and social media campaign focusing on its low home loan interest rate

Kotak unveils digital and social media campaign focusing on its low home loan interest rate
The campaign, conceptualised by Tonic Worldwide, includes videos that will be played across digital, social media platforms in different languages. They are part of the eight-language multi-media campaign that includes radio, outdoor, social and digital forums
Click on the Image to watch the TVC.
Kotak Mahindra Bank Ltd. (Kotak) has launched a digital and social media campaign focussed on its âUnbelievably Lowâ home loan interest rate of 6.75% p.a.
The campaign focuses on the No. 1 reason to buy a home today â Kotakâs home loan rates beginning at 6.75% p.a. ....

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Kotak Launches 'Unbelievably Low' Home Loan Interest Rate Campaign

Kotak Launches 'Unbelievably Low' Home Loan Interest Rate Campaign
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