Kotak Mahindra Bank offers home loans starting at an interest rate of 8.30% to both salaried and self-employed individuals. You can apply for a home loan amount of up to 90% of the property’s value from Kotak Mahindra Bank and can repay it within a flexible tenure that goes up to 20 years.
Kotak Home Loan Home Loan Highlights
Interest Rate
7.5% - 8.70% p.a.
Loan Amount
Up to 90% of property value
Loan Tenure
Up to 30 years
Processing Charges
0.35% of loan amount (Rs 2,000 - Rs 10,000) (50% waiver in basic processing fee)
What Other Fees & Charges are Applicable on Kotak Home Loan Home Loan?
Home Renovation Loan
Ranges from 0.25 % to 2.00 %
Home Loan Balance Transfer
Up to 6 %
Home Construction Loan
Up to 2 %
Bridge Loan
Start at 0.35 % and go up to 3 %.
Which Kotak Home Loan Home Loan Scheme is Right for You?
1. Kotak Housing Loan: This home loan scheme is specially designed for you to purchase/construct/renovate your home/flat.
Loan Amount: Up to 90% of the property’s value
Tenure: Up to 20 years
2. Home Improvement Loan: You can apply for this home loan scheme if you wish to make improvements to enhance the overall look of your existing house.
Loan Amount: Up to 90% of the property’s value
Tenure: Up to 15 years
3. NRI Home Loan: NRI Home Loan scheme can be applied by the NRI applicants holding Indian passports if they want to purchase/construct/renovate their home/flat.
Loan Amount: Up to 80% of improvement cost
Tenure: Up to 15 years
4. NRI Home Improvement Loan: If NRIs wish to improve their existing home and make it look more beautiful, they can apply for this home loan scheme.
Loan Amount: Up to 80% of improvement cost
Tenure: Up to 10 years
5. Home Loan Balance Transfer: This home loan scheme allows you to transfer your existing home loan to Kotak Mahindra Bank at lower interest rates.
