Apply for a Kotak Mahindra Bank Home Loan Balance Transfer option at nominal interest rates starting at just 9.00% p.a. on Bajaj Markets. You can opt for a loan online with minimal documentation and a simple process. 


Repay the loan conveniently over 20 years through affordable EMIs and minimise your existing financial obligations.

Interest Rates and Charges

Here are the interest rates and charges:

Processing fee

  • Salaried Applicant: 0.5% of loan amount + GST

  • Self-Employed Applicant: 1% of loan amount + GST

₹5,000 + GST at the time of login (non-refundable)

Interest Certificate, Statement of Account, and Amortisation Schedule

  • Mobile Banking, Net Banking, or Whatsapp Banking: Free

  • Physical Copy through Customer Service/Branch: ₹250 + GST

Charges for copy of any documents (Duplicate NOC, Copy of property documents, etc.)

₹500 + GST

Any other documents /letter (e.g. Subsidy Confirmation Letter, Credit Opinion Letter, Interest paid confirmation letter, etc.)

₹500 + GST

Repayment mode or account swap charges

₹500 + GST

Prepayment Charges

  • Part prepayments of over 25% of the outstanding loan amount: 3% of the excess prepayment amount + GST

  • Foreclosure after the lock-in period: 3% of the foreclosure loan amount, and the prepaid payments made during the past 12 months + GST

Instrument (Cheque/ECS/Mandate) dishonour charges

₹500 + GST

Penal interest charges

2% on EMI amount that is not paid + GST per month

Disclaimer: The aforementioned rates and charges are subject to change at the lender’s discretion.

Kotak Mahindra Bank Home Loan Balance Transfer EMI calculator

Outstanding Loan Amount
  • Months
  • Years
New Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Features and Benefits

The facility offers these features and benefits:

Lower Interest Rates

You can avail of the Kotak Mahindra Bank Home Loan Balance Transfer facility at affordable interest rates starting at just 9.00% p.a

Flexible Repayment Options

You can opt for a suitable tenure of up to 20 years and repay the loan comfortably

Simple Application Process

Enjoy minimal paperwork and easy-to-meet eligibility criteria to get quick, hassle-free funding

Eligibility Criteria and Documents Required

To avail of the balance transfer facility, meet the following Kotak Mahindra Bank Home Loan Balance Transfer eligibility criteria:

1. For self-employed Individuals:

  • Age: Salaried applicants must be between 18 and 60 years, and self-employed individuals must be between 18 and 65 years
  • Income: The required minimum monthly income for applicants residing in Delhi, Bangalore, Mumbai, Pune, and Chennai is ₹20,000. Additionally, for those living in other cities, the minimum monthly income requirement is ₹15,000.

  • Minimum Qualifications: Candidates working for a private limited company or a partnership firm must have a bachelor's degree

However, a public limited company, government, MNC, or public sector company does not require any minimum qualification.

2. For partnership firms/LLPs/and companies

  • Income: Firms/LLPs/companies in Delhi, Mumbai, Bangalore, Pune, and Chennai must have a minimum annual net income of ₹2,40,000 and the requirement for other cities is ₹1,80,000

  • Business Vintage: The business must be in operation for a minimum of 3 years

3. For a Hindu Undivided Family

  • Income: HUFs in Delhi, Mumbai, Bangalore, Pune, and Chennai must have an annual minimum net income of ₹2,40,000 and the requirement for other cities is ₹1,80,000

  • Business Vintage: It should have been in operation for at least 3 years

  • IT returns for at least 3 years

  • The applicant or co-applicant must be the HUF's Karta

Here are the documents required for Kotak Mahindra Bank Home Loan Balance Transfer:

  • Identity proof: Any one of the following:

    1. PAN card

    2. Voter ID

    3. Passport, 

    4. Driving licence

  • Income proof:

    1. Bank statements, salary slips, most recent Form-16, ITR (if salaried)

    2. Current account statement, ITR, balance sheet and profit and loss statements (all attested by CA) (if self-employed)

Read More

How to Apply?

Follow these steps to apply for the home loan balance transfer:

  • Click on the ‘APPLY NOW’ option on this page

  • Provide your personal details, such as your name, mobile number, etc., to check the eligibility

  • Choose ‘Kotak Mahindra Bank’ from the list of lenders

  • Enter the required loan amount and repayment period

  • Submit the application form, and a representative will contact you for further steps after verification



Are there any charges while applying for a Kotak Home Loan Balance Transfer?

Yes, you need to pay the additional fees and charges that accompany a home loan. These can include processing fees, documentation charges, etc.

✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50% Apply Now
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