Kotak
Home Loan Transfer offers you the same home on better terms
to suit your needs. You may not have got the benefit of the
reducing interest rates scenario. You might have bought your
home when the rates were higher and would like to obtain different
terms. In these cases a Kotak Home Loan Transfer would be
ideal.
What is
Kotak Home Loan Transfer?
Home Loan Transfer
is taking a home loan to pay off the existing home loan(s).
Future payments are made to Kotak Mahindra Bank. Typically,
the choice to transfer is made when interest rates are lower
than the original loan. A Top-up over the existing Loan can
provide you ready cash for any of your needs.
Why Kotak Home Loan Transfer?
You should go for Kotak Home Loan Transfer if
- You are trying to reduce your interest
rate and lower your payments.
- You are trying to reduce your home loan
term to pay off your loan faster.
- You want to use the equity in your house
to get money for any of your needs. You can take a top-up
over the existing loan to get the much needed cash to fulfill
your needs.
Kotak Home Loan Transfer
is based on your convenience. The procedure of acquiring the
loan is made easy, and the amount payable for your installments
are designed to make you feel comfortable. The terms of the
loans are as per your unique requirements.
Quick check
Even a 1.0% reduction in
the interest rate can save you more than Rs.1.5 lacs on a
loan of 10 lacs over a 20 yr period. The exact figure will
depend on the rate on the existing loan, balance tenure etc.
Call us now to know
your savings under the Kotak Home Loan Transfer and find out
how Kotak Home Finance can meet you needs.
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