Kotak
Flexi Home Loan is designed to address the dilemma
of home loan borrowers due to volatility in the interest rate
scenario. Certainty of a fixed rate comes at a cost while
a floating rate may lead to higher outflows in the event of
an interest rate rise. Kotak flexi home loan takes the middle
path.
The interest remains unchanged for 3 years, at the end of
which it is reset at prevailing index rate and gets fixed
for the next 3 years. This cycle continues till the end of
the loan tenure. The impact of any change in the index rate
(Kotak Mahindra Bank Home Finance RPLR/ Kotak Mahindra Bank
1 year retail Fixed Deposit rate) is given after the three
year period.
The advantage:
 |
You
get protection against interest rate volatility during
a 3 year period and also the benefit of any rate decrease
at the end of each 3 year period. So you get the certainty
of a fixed interest rate, along with the flexibility
of a floating rate. |
|
It
also provides the opportunity of lower interest rate
compared to conventional fixed rate loans. |
What’s
More, you can now avail of Kotak Flexi Home Loans
at rates as low as
9.99%
p.a.*!
Hurry…offer
valid for a limited period only! |
*Conditions Apply. For select profiles
only. Credit at the sole discretion of Kotak Mahindra bank Ltd.
|
