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 September
10, 2016.
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.
Further,
on account opening, new customers will also receive gift vouchers from Club
Mahindra, Pizza Hut, BookMyShow and Yatra.
Sumit
Bali, Sr. EVP and 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.
KMB’s latest campaign – Kona Kona 6% - is also celebrating the
rains. After
two years of drought, India is witnessing normal to excess rainfall in most
parts. The national mood is upbeat, as a good monsoon promises prosperity and
better agricultural output. The Kona Kona 6% TVC uses the
backdrop of rains to narrate stories of prosperity from different corners of
India.
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