60 Lakh Kotak Mahindra Bank Home Loan

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Kotak Mahindra Bank offers a range of home loaning options starting at interest rates of 8.70% for up to 30 years. The flexible tenure options provided under Kotak's 60 lakh home loan allow you ample time to make the repayment schedule of your dream place. Doesn’t matter if you are a first-time loan borrower or want to upgrade to your dream place, Kotak home loan 60 lakh emi offers solutions to your every need. In addition, with a 60 lakh home loan EMI by Kotak, you can also shift your existing home loan EMI to other lenders at lower interest rates. Check your EMI calculations, eligibility, features, and more by scrolling below.

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Table of Content

1. 60 Lakh Kotak Mahindra Home Loan- Highlights

2. 60 Lakh Kotak Bank Home Loan EMI for 10 Years

3. 60 Lakh Kotak Mahindra Home Loan EMI for 20 years

4. 60 Lakh Kotak Bank Home Loan Fees and Charges

5. 60 Lakh Kotak Home Loan Documents Required

6. 60 Lakh Kotak Bank Home Loan Eligibility

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

60 Lakh Kotak Mahindra Home Loan- Highlights

Following are the highlights of Kotak Mahindra Bank’s 60 lakh home loan:

Feature	Description
Loan Amount	₹60,00,000
Kotak Home Loan Interest Rate for 60 lakhs	Starts from 8.70% p.a.
60 Lakh Home Loan Eligibility by Kotak	Both Salaried/Self-employed
Loan Tenure	12 to 300 months
Minimum Monthly Income	INR 20,000 (For cosmopolitan cities)

60 Lakh Kotak Bank Home Loan EMI for 10 Years

Below is the breakdown of 60 lakh home loan EMI for Kotak for a 10 year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Interest Payable
60 Lakh	8.40% p.a.	10 years	INR 75035	3,004,169

60 Lakh Kotak Mahindra Home Loan EMI for 20 years

Below is the breakdown of 60 lakh home loan EMI for Kotak for a 20 year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Interest Payable
60 Lakh	8.40% p.a.	20 years	INR 52832	6,679,530

60 Lakh Kotak Bank Home Loan – Fees and Charges

Following are the fees and charges for Kotak 60 lakh home loan:

Processing Fee: Salaried Employees: 0.5% on the loan amount (exclusive of other taxes).
Self-Employed Individuals: 1.0% of the total loan amount (exclusive of other taxes)
Foreclosure Charges: None
Late Payment Charges: 2% of the overdue balance

60 Lakh Kotak Home Loan – Documents Required

Here are the documents required for a 60 lakh Kotak Home Loan.

Identity Proof	Passport Aadhaar Card
Age Proof	Birth Certificate School Leaving Certificate
Address Proof	Utility Bill (Water, Electricity, etc.) Bank Passbook
Financial Proof	ITR, Form 16, Job Confirmation, Previous Salary Slips Balance Sheets (last 3 years), Profit and loss Statements, Business Proofs/Registration Certificate

60 Lakh Kotak Bank Home Loan Eligibility

These are the important documents that you must look for to apply for 60 lakh Kotak home loan eligibility by Kotak:

Age: 18-60 years for salaried, 18-65 for self-employed.
Income: Metro city earners need INR 20,000/month, non-metro INR 15,000/month.
Indian citizenship is required.
A bachelor’s degree is needed for the private sector, but none for the public sector.

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