Kotak Bank Home Loan


Kotak Bank Home Loan now helps in buying your dream home. The Kotak Bank Home Loan satisfies your needs by offering the lowest interest rates, zero processing fees, minimal documentation, home loan insurance coverage at lucrative premiums, doorstep service, and easy online applications. Now it has become very easy to apply for Kotak Home Loans.

Unlock Best Home Loan Offers From Kotak Bank

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Kotak Bank Home Loan

  • Interest Rate

    8.7% - 9.6%

  • Loan Amount

    ₹10L - ₹10Cr

  • EMI Per Lakh

    ₹2,061 - ₹2,105

  • Processing Fees

    Up to 3% of loan amount
  • Pre-Payment Charges

    0-12 months: Lock-in period 1- 3 years: 4% + GST 3 years onwards: 2% + GST

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Plan Offered

Term Loan

Showing Data for CIBIL Score 750 - 1000

Kotak Home Loan

  • CIBIL: 750 - 1000

  • CIBIL: 0 - 700

  • CIBIL: 701 - 749

Kotak Home Loan

CIBIL: 750 - 1000

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CIBIL Score range

  • CIBIL: 750 - 1000

  • CIBIL: 0 - 700

  • CIBIL: 701 - 749

Showing Data for CIBIL Score 750 - 1000

  • Salaried
  • Self-Employed
  • Self-Employed (Non-Professional)
Loan AmountLoan TypeMen (ROI)Women (ROI)
Below 75 LacsNew8.75%8.75%
Above 75 LacsNew8.80%8.80%
  • Salaried
  • Self-Employed
  • Self-Employed (Non-Professional)
CityLoan AmountLoan TypeMen (ROI)Women (ROI)
MumbaiBelow 75 LacsNew8.75%8.75%
Above 75 LacsNew8.80%8.80%

Last updated on: 22, Jun 2024

Features and Benefits of Kotak Bank Home Loan

Following are the key features and benefits of Kotak Mahindra home loans:

Low Interest Rate

A low-interest rate matters tremendously, as it can make a big difference in your financial future. Kotak Bank home loan offers interest rates starting at just 8.75. This ranks among the best in the market, making it a more appealing and affordable option to borrowers. This can ultimately empower you to save thousands of your hard-earned money on your monthly repayments, thereby reducing the overall financial burden on your budget. Hence, you can confidently buy your dream home without worrying about hefty EMIs.

High in Loan Tenure

Kotak Mahindra Bank home loan proffers you the flexibility to choose your loan tenure at your convenience and repayment capability. Namely, you can select your repayment duration ranging from 5 to 25 years. By doing so, you can adjust your home loan EMIs to perfectly align with your monthly income and effectively minimise the chances of default. Moreover, the Bank offers the flexibility of starting with lower EMIs and gradually increasing them as your income grows, ensuring a comfortable repayment journey.

Generous Loan Amount

Kotak Mahindra home loans provide up to 90% of the property's market value. If you are looking for a home loan with a substantial amount, Kotak Bank home loan is an ideal option for you. Although, it is crucial to recognize that the ultimate loan amount is contingent upon several factors, such as your CIBIL Score, monthly income, property demand, and overall creditworthiness. Notably, you can use the Kotak Mahindra Home Loan Calculator via the Urban Money website, thereby easily estimating the loan amount you can avail of from the Bank.

Completely Digital

Nowadays, you can easily secure the Kotak home loan online, eliminating the need to visit a Bank branch. Hence, say goodbye to tedious paperwork and time-consumable bank visits and instead embrace the convenience of an end-to-end online application process. Notably, you can avail of these online services via the official website of Urban Money anytime, providing 24x7 assistance. And the entire process would hardly take around 10 minutes. And above all, the Bank offer a 50% discount on the processing fees for all digital applications.

Multi-Purpose Loans

Kotak Mahindra Bank home loan is catered not only for buying a property or home. The Bank extends its purpose further, making it a more borrower-friendly option. Namely, you can avail of this home loan for various purposes such as buying a ready-made or under-construction housing property, purchasing a plot and constructing a house on it, extending or renovating your existing house, transferring your outstanding house loan balance, or (almost) anything which pertinent your home requirements.

Tax Benefit

Opting for a Kotak Mahindra home loan makes you eligible for tax deductions. These tax deduction benefits typically come under Section 24(b) or Section 80C of the Income Tax Act, 1961, subject to specific conditions and limits. It is important to note that you become eligible for this tax deduction once the property construction is completed and you have acquired the possession certificate. You can utilise the Urban Money tax benefit calculator to gain further insights into your tax benefits. You can easily locate access to this handy calculator from the official website of Urban Money.

Moderate Documentation

Kotak home loans require only basic documents. Typically, the bank demand documents regarding your age proof, income proof, property proof, and account statement. Moreover, you can conveniently submit these documents online anytime and anywhere, without any time or geographical constraints.

Kotak Bank Home Loan Overview

Owning a home may be a long-waited dream of your life. And, unfortunately, this dream might still appear out of your reach. This is where a Kotak home loan plays a pivotal role.

A Kotak Mahindra Bank home loan is a secured loan you can acquire by pledging your property as collateral. You can use this fund to buy, construct, renovate, or extend your beloved home. Afterwards, the money you borrow needs to be repaid in monthly instalments and interest.

Let’s face it; Unless you have enough money, you’ll need a home loan.

The interest rate on Kotak Mahindra home loans is at an all-time low. With a good credit history and strong repayment capacity, you can easily avail of this low-interest Kotak home loan with favourable terms and flexible repayment options.

To simplify your home ownership journey, we presented below all you need to know about a Kotak Bank home loan. Here, we will cover the required fees and charges, features and benefits, documentation process, etc.

Kotak Bank Home Loan Fees and Charges

Prior to applying for a Kotak home loan, it is crucial to clearly understand the various fees and charges associated with the loan. Namely, apart from the interest rate, the predominant fees and charges that a borrower must pay to the bank are processing fees. This one-time charge typically encompasses the expenses related to document verification, credit history assessment, property valuation, and other administrative costs associated with your loan approval. Generally, the processing fee is paid only after your loan application is approved and is usually deducted from the loan amount disbursed. Moreover, besides the processing fees, an ideal borrower should also consider for other fees and charges they might encounter throughout the repayment journey. Let's take a look at the list of major fees and charges for Kotak Mahindra bank home loan:

Type of Charge Amount
Interest rates 8.75% - 9.35%(for salaried applicants); 8.80% - 9.60%(for self-employed applicants)
Processing fee Up to 0.5%(for salaried applicants); Up to 0.1%(for self-employed applicants)
Upfront processing fee Rs. 5,000
Cheque Bounce Charges Rs 500
Pre-Payment/foreclosure Penalty  For up to 3 years: 4%; For after 3 years: 2% 
Max Tenure Up to 25 years
Loan Amount (LTV Ratio) Up to 90% of property value

Documents Required for Kotak Bank Home Loan

There are several documents you need to submit along with your application process. The Bank uses these documents to verify your identity and assess your creditworthiness. Hence, it is crucial to approach this stage of your application process with more care and precision.

Following are the required document you need to submit for the Kotak bank home loan:

  • Application Form: A duly signed application form with a photograph
  • Proof of Identity: Aadhaar card, voter card, driving licence, passport, etc.
  • Proof of Address: Ration Card, electricity bill, water bill, property tax receipts, post-paid mobile bill, etc.
  • Proof of Income: Salary receipts, form 16, bank statements for the last six months
  • Proof of Business: Tax returns for the past 3 years, balance sheet, profit and loss statement (applicable to self-employed individuals).
  • Proof of Property: Sales deed, stamped agreement of sale, copy of construction plan, copy of cost estimates, legal scrutiny report, encumbrance certificate, property tax paid receipt, allotment letter.

How Does the EMI Calculation Work For Kotak Bank Home Loan?

You can compute your EMIs (Equated Monthly Investments) by knowing the principal loan amount, rate of interest and the maximum tenure offered by Kotak Bank. Here is the formula used for EMI calculation for Kotak Bank Home Loan. 

The formula for calculating the EMI amount is: 

EMI = (P × R × (1+r)^n)/((1+r)^n-1) 


The principal loan amount - P can range from ₹10 lakh to 10 crores.

The rate of interest - R is at 8.65%

The loan tenure - n can be up to 20 years

You can also use Urban Money Home Loan EMI Calculator to calculate the EMI for Kotak home loans, making it more easy and quick. To avail of this handy tool, you can follow these simple steps:

  • Visit the official website of Urban Money
  • Tap the “hamburger button,” which you can locate at the top right corner of the home page.
  • Upon tapping the hamburger button, an array of options will be displayed on your screen. You can find the “Bank Calculators” option and click on it there. 
  • Subsequently, you will be redirected to another page where you can view a variety of calculators from different banks.
  • Select the “Kotak Bank Calculators,” thereby you can locate an array of calculators offered by Kotak Bank. These include Kotak Bank Home Loan Calculator, Kotak Bank Business Loan Calculator, Kotak Bank FD Calculator, and more.
  • Click the Kotak Home Loan Calculator, and enter the required details, such as your desired loan amount, loan tenure, and interest rate.
  • You can also adjust the sliders to change the values and see how they affect your eligibility.
  • In a jiffy, the calculator will display the estimated monthly EMI you must pay. Moreover, you can view a breakdown of the principal and interest amount and the total payable sum of your home loan.
  • You can also view the detailed repayment schedule and amortisation table by clicking on the ‘View Repayment Schedule’ button.

Balance Transfer Kotak Mahindra Bank Home Loan

Balance transfer is transferring your existing loan from one bank to Kotak Mahindra Bank due to lower interest and better terms. Namely, Kotak Bank offers a home loan balance transfer facility, featuring an interest rate commencing at just 8.75% p.a., coupled with tenures extending up to 20 years. Furthermore, the bank provides the opportunity to obtain a top-up loan alongside the balance transfer, catering to your supplementary financial needs. And the interest rate on a top-up loan tends to be lower than that of a personal loan or a credit card, rendering it a cost-effective solution.

Let's take a look at the step-by-step process involved in the balance transfer of a Kotak Mahindra Bank home loan.

  • First, you must inform your existing lender and demand a no objection certificate (NOC) or consent letter from them. 
  • Second, you need to apply for a balance transfer home loan with Kotak Mahindra Bank and submit the required documents, such as KYC, loan statement, property papers, NOC, etc.
  • Finally, the new lender will verify your documents and eligibility and pay off the outstanding loan amount to your existing lender.

Kotak Bank Home Loan Customer Care Number

The Kotak Mahindra Bank Home Loan Customer Care Number is 1860 266 2666. You can call this number to speak to the customer care team of the bank regarding any queries or assistance related to home loans. The services are available between 9:00 AM to 7:00 PM, from Monday to Saturday (excluding holidays). You can also find other contact details like email, SMS, chatbot, or web search results. Let’s scroll down.

  • Email: You can email the bank's customer care team at service.bank[at]kotak.com for any queries or assistance related to home loans.
  • Chatbot: You can chat with Keya, the chatbot of the bank, regarding the Kotak home loan. Typically, you can locate the access via the official website of the bank, or the mobile application. 
  • Bank Branches: You can also visit any of the Bank branches near you to get information or assistance related to your home loan.


From refinancing to reducing your interest, we have the answers right here.

What is the minimum salary for a home loan?

The minimum salary for a home loan must be Rs. 20,000 for Delhi, Banglore, Pune, Chennai and Mumbai. It is Rs 15,000 for the other cities in India.

Does Kotak Bank have a fixed rate of interest on a home loan?

No, Kotak bank does not have a fixed rate of interest. They offer both floating and fixed rates of interest.

How to apply for a home loan in Kotak Bank online?

To apply for a Kotak bank home loan online, you need to visit the bank's official website. Go to Explore Products, select Home Loan and click on Apply Now. Enter your credentials and property details and pay the application charges. After this, a relationship manager from the bank will get in touch with you and will guide you to upload further and submit documents and wait for the approval.

How to check home loan status in Kotak Bank?

To check your Kotak Bank home loan status online, you need to visit the bank's official website, go to the Help Centre and select Home Loan. From the drop-down, select the sixth option, Home Loan Application Status. On the redirected page, you will find three tabs regarding branches, telephone communication information and digital communication information. Choose the one that suits you best. You will get all the contact details to know your status on the next page.

What is the minimum CIBIL Score for Home Loan for Kotak Bank?

The minimum CIBIL score for a Kotak Bank home loan is 750 points.

What is the maximum and minimum home loan amount I can get from Kotak Bank?

The maximum loan amount you can avail yourself is 20 years, and the minimum is 3 years.

What are the KYC documents I will have to submit to apply for a home loan from Kotak Bank?

You have to submit a copy of your Passport, Voter's Identity Card, Driving Licence, and Aadhaar Letter/Card.

Can I foreclose my home loan availed from Kotak Mahindra Bank?

Yes, you can foreclose the home loan in Kotak Bank. There is no foreclosure fee on home loans for floating interest rates.

Are the processing fees for Kotak Mahindra Bank home loans refundable?

Kotak Mahindra Bank does not refund the processing fees levied on home loans. However, it does not charge a processing fee on home loan applicants if they fill the form online.

What is the amount of disbursal time taken by Kotak Mahindra Bank for a Home Loan?

Kotak Mahindra Bank proclaims to disburse the number of home loans within 2 working days.

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