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4/13/21

Kotak Mahindra Bank will continue to provide home loans at 6.65%, see here how much interest you have to pay on a loan at this interest rate

Relief: Kotak Mahindra Bank will continue to provide home loans at 6.65%, see here how much interest you have to pay on a loan at this interest rate







Relieving home loan borrowers, Kotak Mahindra Bank said it would continue to provide loans at an interest rate of 6.65%. Kotak Mahindra is currently offering home loans at the lowest interest rates. Kotak Mahindra Bank has decided to provide loans at an interest rate of 6.65% till March 31 under a special offer. Which the bank has now decided to take forward.



SBI's home loans became more expensive
this month. Earlier this month, the SBI raised interest rates on home loans from 6.70 to 6.95%. Earlier, the bank was offering loans at a rate of 6.70% under a special offer till March 31.




At what interest rate is the other bank lending?

BankInterest rate (%)
ICICI6.70
HDFC Bank6.70
Citibank6.75
Union Bank of India6.80
Punjab National Bank6.80
Bank of Baroda6.85
Bank of India6.85

Understand here how much interest and installments you have to pay on taking loans from Kotak Mahindra, ICICI and SBI.

Loan Amount (in Rs.)DurationInterest rate (in%)Installment (EMI)Total interest (in Rs.)
10 lakhs20 years6.657,5448.10 lakh
10 lakhs20 years6.707,5748.17 lakh
10 lakhs20 years6.957,7238.53 lakhs

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