Kotak Mahindra Bank Limited (“KMBL”/Kotak) has announced that it has opened 100 Gold Loan branches, in this financial year, so far. As of March 31, 2022, the Bank was offering Gold Loans through its 400 branches. With the addition of 100 Gold Loan branches in this FY, Kotak Mahindra Bank now offers Gold Loans through its500 branches spread over253 cities across the country.
The Bank plans to expand its Gold Loans branch network by opening 50 branches in the ongoing financial year, offering instant Gold Loans, minimal documentation, easy repayment options, attractive interest rates, and both existing and non-existing customers.
Offering an attractive Interest Rate Starting at 9%. Mr Manish Kothari, President & Head – Commercial Banking, Kotak Mahindra Bank Limited said “Gold Loans have emerged as one of the most preferred mode of availing finance to meet personal as well as business needs.”
