If you are thinking of buying a home, this bank is giving you the cheapest home loan
Every man dreams of having his own home. But for a variety of reasons people cannot afford to own a home and have to live in a rented house. People’s incomes have also fallen sharply during this period of the Corona epidemic (Covid-19). Whose impact has fallen on every sector.
The real estate sector has been hit hardest by Corona, with few people investing in it. So people bought houses with loans from banks. In this too, people started having difficulty in giving EMI on time. But now get ready to take the house of your dreams. Because the private sector bank Kotak Mahindra Bank is giving you a home loan at the cheapest interest rate.
The RBI has reduced the repo rate and also reduced home loan rates
Now the Reserve Bank of India (RBI) has come up with some measures to enable people to get home loans at low interest rates. The Reserve Bank has reduced the repo rate.
Which has also led to a reduction in home loan rates. These rates have come down to the lowest level ever due to internal competition from banks. Now, apart from government banks, private banks will also provide you home loans at very low interest rates.
Kotak Mahindra Bank’s interest rate on home loans is 6.75 per cent
Kotak Mahindra Bank, a private sector bank, has the biggest reduction in interest rates on home loans. Kotak Mahindra Bank’s interest rate on home loans has come down to 6.75 per cent.
Kotak Mahindra Bank has announced a press release to reduce interest rates on home loans. The bank said, “Digital and social media will also be used to take this home loan scheme to the masses.”