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Kotak Mahindra Group launches Kotak Silk Loans for Women

Posted On: 2020-03-24 17:40:37


In its aim to empower women in their journey towards financial independence, Kotak Mahindra Group has launched Kotak Silk Loans - with attractive rates and special offers across a range of loan categories especially for women borrowers.

Kotak Mahindra Bank and Kotak Mahindra Prime are giving attractive offers on a range of loans that cater to a woman's personal and business requirements including home loans, personal loans, two-wheeler loans, business loans, loan against property and working capital solutions for its existing and new customers.*

Elizabeth Venkataraman, Joint President and Head of Marketing, Kotak Mahindra Bank said, "The embodiment of the Kotak Silk Savings Programme is to empower women in their journey towards financial independence. We are now delighted to extend the Silk proposition to loans. More and more women today are confidently managing their twin roles - an anchor at home and a trailblazer outside. Women are entering diverse fields - struggling, surviving, persisting, competing hard and excelling - that is their story. Through Kotak Silk Loans our endeavour is to extend financial support to women in the pursuit of their dreams."

*Kotak Silk Loans are available across the country at Kotak branches and through the website - www.kotak.com. Existing Kotak customers can also apply for Kotak Silk Loans through the Kotak mobile banking app.

Home Loans - Lower interest rate - 0.05% p.a. discount on interest rate
Personal Loans - Flat and discounted processing fee of Rs. 999
Two-wheeler Loans - Discounted Flat rate of interest at 8.75% p.a. (Valid till 30th April, 2020)
Business Loans - Lower interest rate - 0.50% p.a. discount on interest rate
Loan Against Property - Lower interest rate - 0.25% p.a. discount on interest rate
Working Capital Solutions - Lower interest rate - 0.10% p.a. discount on interest rate

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1148.7 as compared to the previous close of Rs. 1100.35. The total number of shares traded during the day was 230624 in over 21009 trades.

The stock hit an intraday high of Rs. 1198.8 and intraday low of 1040.85. The net turnover during the day was Rs. 259849951.


Source: Equity Bulls

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