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Kotak Mahindra Bank offers home loans at interest rates starting from @7.70% p.a. for tenures of up to 25 years and for loan amounts of up to 90% of the property’s value. The bank also offers balance transfer facility to existing home loan borrowers of other lenders at lower interest rates. It also waives off processing fee on online home loan applications.
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Starting 7.10% p.a.
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Competitive Interest Rates
Starting 7.10% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required
Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
| Particulars | Details |
|---|---|
| Interest Rate | 7.70% p.a. onwards |
| Loan Amount (LTV Ratio) | Up to 90% of property value |
| Loan Tenure | Up to 25 years |
| Processing Charges | Up to 1% of the loan amount (50% off on processing fees for digital applications) |
| Minimum Monthly Income | Rs 20,000 (Delhi, Mumbai, Chennai, Pune, Bangalore) Rs 15,000 (Other cities) |
Note: Last Updated on 6th January 2026
The home loan interest rates of Kotak Mahindra Bank start from 7.70% p.a. onwards. The lender offers differential interest rates based on the employment profiles of the applicants.
Below-mentioned are the details on processing fees and other charges associated with Kotak bank home loan:
| Particulars | Details |
|---|---|
| For salaried applicants | 0.50% of the loan amount |
| For self-employed applicants | 1% of the loan amount |
| For digital applications | 50% off on processing fees |
Apart from the above processing charges, the bank also charges upfront processing fees of Rs 5,000.
| Particulars | Details |
|---|---|
| Duplicate NOC | Rs 100 |
| Copy of property documents, etc.) | Rs 500 |
| Repayment mode/ Account swap charges |
Rs 500 |
| Loan cancellation Charges | 0.10% of the loan amount or Rs. 25,000 whichever is higher (plus taxes and any other applicable statutory dues) |
| Legal charges | At actuals |
| Penal Charges in delay or default in payment of principal or interest or the outstanding balance | 8% p.a. on overdue amount plus applicable taxes |
| Penal Charges of non-payment of dues/ charges/ fees payable under loan/facility agreement | 8% p.a. on overdue amount plus applicable taxes |
| Particulars | Details |
|---|---|
| Annual Renewal Charges | Renewal fees of 0.25% of the limit (dropped limit after reduction of annual drop) per instance |
| Non Utilisation Charges | If the average utilization of facility limits for a quarter is below 25% of sanctioned limits, 0.4% p.a. on the under-utilized limits or proportionately shall become due & payable on underlying exposure (from the day of breach) |
| Penal charges in case of overline accounts or where the amount drawn by the Borrower is beyond the maximum Overdraft Limit |
8% pa on overdue amount |
The list of documents required for a home loan from Kotak Mahindra Bank has been presented below.
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Kotak Mahindra Bank may also check the credit score of its home loan applicants while setting home loan eligibility, just like other lenders do.
| Particulars | Details |
|---|---|
| Age | For Salaried: 18-60 years |
| For Self-employed: 18-65 years | |
| Gross Income of Indian Resident | At least Rs 20,000 per month for Delhi, Bangalore, Mumbai, Pune and Chennai |
| At least Rs 15,000 per month for other cities | |
| Minimum Qualification | For applicants working in private limited companies and partnership firms: Bachelor’s Degree |
| For applicants employed with a public limited company or MNC or Government or public sector company: No minimum qualification | |
| For Hindu Undivided Family (HUF) | The applicant or the co-applicant should be the Karta of Hindu undivided Family |
| The HUF should provide their IT returns for at least 3 years | |
| The HUF should have existed for at least 3 years | |
| The minimum net income requirement for Hindu Undivided Families living in Delhi, Bangalore, Mumbai, Pune, and Chennai is Rs 2.4 lakh p.a. and for other cities is Rs 1.8 lakh p.a. |
Minimum Income Requirement
Salary should be received on a weekly/fortnightly/monthly basis either through cheque or direct bank credit and not by cash.
For loan tenure up to 5 years annual gross salary should be:
For loan tenure above 5 years to 15 years:
Minimum Income Requirement
Salary should be credited to the bank account on a weekly/fortnightly/monthly basis through cheque or direct bank transfer.
For tenure up to 5 years:
For tenure above 5 years:
Purpose: Kotak Mahindra Bank offers regular home loans to its applicants to finance the purchase of new homes or renovation of existing home properties.
Tenure: Up to 25 years
Purpose: Applicants can avail Home Renovation/Improvement Loans from Kotak Mahindra Bank for upgrading their existing home properties.
LTV Ratio: Up to 90%
| Loan Amount | LTV Ratio |
|---|---|
| Rs 35 lakh to Rs 70 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure: Up to 25 years
Purpose: NRIs can avail Kotak NRI Home Loans for the purchase or construction of homes or the upgradation of existing homes in India
Loan Amount: Up to 80% of improvement cost
Tenure: Up to 15 years
Purpose: NRI applicants can avail NRI Home Improvement Loans from Kotak Mahindra Bank for renovating, upgrading or furnishing their existing homes in India.
Loan Amount: Up to 80% of improvement cost
Tenure: Up to 10 years
Purpose: Existing home loan borrowers of other banks and HFCs can avail Kotak Mahindra Bank Home Loan Balance Transfer facility for transferring their existing home loans to Kotak Mahindra Bank at lower interest rates.
Purpose: Kotak Mahindra Bank offers affordable housing loans to women including single women and widows with a concession of 1-2% on stamp duty.
LTV Ratio: Up to 85% of property cost
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
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