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Kotak Mahindra Bank Home Loan

Kotak Mahindra Bank offers Home Loan interest rates ranging from 8.70% to 8.95% per annum. Check your eligibility criteria online and get instant approval for Kotak limited term home loan. The lowest Kotak Home Loan EMI is Rs 829 per Lakh for 25 years.

Kotak Mahindra Bank Home Loan Details

Loan Amount Up to 90% of the property cost
Rate of interest 8.70% - 8.95% onwards
Tenure Up to 25 years
Lowest EMI possible Rs. 829 Per Lakh
Processing fee 0.25% - 2.00% of loan amount.

While buying your dream home, Kotak Mahindra Bank  home details are something that can't be ignored. With a low interest rate starting from 8.70% - 8.95%, your EMI can be as low as Rs 829 per lakh for a tenure of 25 yrs.

Looking for 50 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now !

Kotak Mahindra Bank Home Loan Features and Benefits

  • Kotak Mahindra Home Loan interest rates start from 8.70% - 8.95% per annum.
  • Quick & hassle free disbursal within 4 hours of application.
  • Property in the deal is considered as security of the home loan. Receipts of term deposits or other Life Insurance policies with Kotak are accepted as additional security, as required.
  • Option for Kotak Home Loan Insurance at attractive premium.
  • No foreclosure or prepayment charges for floating interest Home Loans.
  • Option to apply for Kotak Mahindra Home Loan top up after successful repayment of 12 EMIs.

Kotak Mahindra Bank Home Loan Interest Rates 2023

Kotak housing loans are currently being offered at special home loan Interest rates. The scheme applies to all loan amounts.

Kotak Mahindra Bank floating rates on Home Loans are as follows: 

Segment Interest Rate
Home Loan Rate of Interest for Salaried Person 8.70% - 8.95%
Home Loan Rate of Interest for Self Employed Individual 8.90% - 9.40%

*Home Loan interest rates are linked to repo rates.

*Repo rate: 6.50%

*Terms & conditions applicable as per lender’s credit policy

*LTV is loan to property value ratio

*Kotak home loan interest rates also vary on individual's cibil score.

>800 8.85% 8.90%
776 - 800 8.85% 8.90%
751 - 775 8.85% 8.90%
726 - 750 8.95% 9.00%
700 - 725 9.05% 9.10%
650 - 699 9.25% 9.30%
<650 9.35% 9.40%

Kotak Home Loan Interest Rate Comparison with Other Lenders

Lender Maximum Loan Amount Interest Rate Processing Fee
Kotak Mahindra Bank Home Loan Up to 90% of property 8.70% - 8.95% Up to 0.50% of the loan amount + GST & statutory levies
ICICI Bank Home Loan Up to 90% of property  9.00% - 10.05% 0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home Loan Up to 90% of property cost 8.40% - 10.05% Up to 0.50% + applicable GST
HDFC Home Loan Up to 90% of property cost 8.35% - 9.40% Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes


Kotak Mahindra Bank Home Loan Schemes

Kotak Digi Home Loan

  • Online home loan for property purchase or construction.
  • A simple 3 step Kotak Mahindra Bank Home Loan process:     
    Fill details, upload documents & apply.
  • 100% digital processing
  • Minimal documentation
  • Doorstep delivery
  • Zero Kotak home loan processing fee for those who apply for home loan online.
  • Maximum LTV % for 80 -90 %
  • Maximum Tenor: up to 20 years

Kotak Home Improvement Loan

  • Loan for home improvement, including & not limited to renovation, extension, and repairs.
  • Tenor up to 15 years or retirement age, whichever is earlier.
  • Can be availed of as a top up on existing home loan, or term loan
  • LTV varies as per the product.

Kotak Home Loan Balance Transfer

  • Kotak Mahindra bank home loan balance transfer reduces existing interest rate and subsequent EMIs.
  • Get option to reduce tenure by paying off principal.
  • Kotak special Home Loan applicable on balance transfer loans.
  • You can apply online or offline as per your convenience.
  • Also, eligible for regular benefits of Kotak Mahindra Housing Loan scheme.
  • Max tenor up to 20 years.
  • LTV up to 90% of property value.
  • Top up available against house equity for any personal needs.

NRI Home Loan

  • Kotak Home Loan scheme for NRIs
  • Avail of housing finance for purchase or construction of a residential property in India.
  • Maximum tenure of 15 years.
  • Maximum LTV limit is up to 80% for NRI Home Loan; Up to 60% LTV for Commercial Property NRI Loans.

NRI Home Improvement Loan

  • Kotak Home improvement loan scheme for NRIs
  • Funding for renovation, furnishing, painting, tiling, flooring, waterproofing, plumbing or any other repair or make over task for existing residential unit in India.
  • Tenor of up to 10 years or retirement age (whichever is earlier).
  • Kotak Bank Home Loan is capped up to 80% value of home or up to 60% value of commercial property.

Kotak Home Loan Processing Fees & Charges

Kotak Home Loan Processing Fee - Salaried individuals
  • For < Rs. 30 Lakh loan: 0.50%
  • For > Rs. 30 Lakh loan: 0.50%
Kotak Home Loan Processing Fees - Self employed/ Professionals: For any loan amount:  0.50% + GST & statutory dues
Home Loan Top Up Processing Fees - for all profiles 0.75% + GST & statutory dues
Documentation Charges for both Home Loan & Top Up Rs. 4000 (at the time of disbursement) + GST & statutory dues
Charge for Interest Certificate/ Account Statement Free, once in a financial year.  Afterwards, Rs. 250 +GST & statutory dues per instance
Switch Fee
  • Switching to lower floating rate: Rs. 10000 +GST & statutory dues
  • Switch in benchmark index & lowering of floating rate: Rs. 15000 +GST & statutory dues
Repayment Mode/ Account  Swap charge Rs. 500 + GST & statutory dues per instance
Charge for Copy of any Document Rs. 500 + GST & statutory dues per instance
Charges for Duplicate NOC/ No Dues Certificate Rs. 500 + GST & statutory dues per instance
Prepayment Charge on Home Loan/ Top Up- Floating Nil
Part prepayment on fixed or other accounts (Prepayment allowed only after 6 months; Capped at Rs 25000 to 25% of outstanding loan) 4% of excess prepayment over 25% of outstanding amount
Foreclosure of Fixed or other accounts 4% of amount paid + prepayment in last 12 months + GST & Statutory dues as applicable 
Commitment Fee - Home Loan 2% of loan amount + GST & statutory dues
Commitment Fee - Home Improvement / Extension: 4% of undisbursed amount + GST & statutory dues
Commitment Fee - Top Up  2% of loan amount + GST & statutory dues
Substitute Interest (Penal Interest) 2% per month, compounded monthly
Cheque dishonour charges Rs 750 + GST & statutory dues
Collection charges (in case of default) 30% + GST & statutory dues of cheque / Instrument dishonour charges + substitute interest
Annual renewal charge on overdraft
  • 0.25% of the limit (dropped limit after reduction of annual drop) on due date of renewal
  • NA for Smart Home Loan OD
Non Utilization Charges
  • 0.25% of OD non-utilized limit, minimum OD Limit utilization threshold of 50% quarterly,
  • Min: Rs 1250 + GST, chargeable on quarterly basis.
Overline Rate/ Penal Interest in case of overline accounts (Overdrawal of OD) 3% p.m. GST & statutory dues over & above normal OD Rate


  • Stamp Duty on Loan Agreement, Overdraft Agreement, Guarantor Agreement, Registration Charges etc. varies from State to State.
  • Stamping/ Notarisation of RBI and other Affidavits as applicable.
  • Charges for other Services would be specified as applicable e.g. Revalidation of Sanction, Change in Property, Reschedulement of Kotak Loan, Change in EMI Date, Solvency Charges etc.
  • Taxes/ other statutory levies may be charged to the Borrower if applicable as per Government/ RBI directives.

Kotak Mahindra Home Loans Documents Required

When applying for Kotak Home Loan, make sure you have following documents in place:

List of Kotak Mahindra Bank Home Loan documents for resident Indians:

Proof of identity: (Copy of any one) Passport/ Driving Licence/ Voter’s ID/ Aadhaar Card
Proof of residence: (Copy of any one) Rental Agreement/ Electricity Bill/ Ration Card/ Passport (latest document, not later than 3 month old)
Proof of education: Highest educational degree certificate
Proof of age: Birth Certificate or Matriculation Certificate or Mark-sheet
Proof of income for salaried employees: Latest salary slips or current dated salary certificate, Bank Statements showing salary credit and other EMI debits, and latest ITR.
Proof of income for self employed:
  • Proof of business along with the latest Bank Statements and latest ITR Form or Form 16.
  • Bank statements with deductions for other EMIs, if applicable
Signature proof:  PAN Card/ Driver's Licence/ Passport/ Banker Attested Bank Account Statements.  

*Please note that after providing signature proof, you will need to maintain this signature for the entire term of your loan.
  • Duly filled and signed Home Loan application form
  • 2 passport-sized photographs
  • A cheque for processing fee

NRI Applicants need to submit Appointment Letter/ Employment Letter/ Contract Copy in addition to above home loan housing documents for Income Proof, Identity Proof, Address Proof, and Age Proof. 

How to Check Kotak Mahindra Bank Home Loan Application Status?

You can conveniently check Kotak Mahindra Home Loan application status instantly by clicking on following link: Check your application status


  • Click on the link.
  • Fill following details:
    • Product: Home Loan
    • Identifier:  Application Form Number/ Prospect Number/ Lead Number/ CRN/ Mobile Number/ PAN & DOB/ First Name & DOB/ Second Name & DOB
  • Choose any one of the identifier and share it in next column.
  • Press submit for instantly tracking Kotak Home Loan application status.

Kotak Mahindra Bank Home Loan Customer Care

You can reach out to Kotak Mahindra Bank home loan customer care by call, email or visiting the branch. The Kotak Home Loan customer care center can be contacted any time between 9 am to 6 pm from Mondays to Saturdays, except holidays.

Kotak Home Loan toll-free numbers are:

  • 1860-266-2666
  • 1860-266-0811 (811 related queries)

To call from overseas, use 24X7 customer service.

Abroad helpline number: +91 22 6204 2001 (chargeable)

Toll free NRI Helpline Numbers- country wise

USA 001180044990000
Australia 00180044990000
Hong Kong 0080044990000
UK 18557684020
Canada +658001013054
Singapore +658001013054
UAE 80001830148

Alternatively, you can visit your nearest Kotak Mahindra Bank branch for any queries. You can also write to them via Kotak Mahindra bank website, and they will get back to you on the matter.

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