Kotak Mahindra Bank Home Loan

Learn more about Kotak Mahindra Bank Home Loans

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Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

You can now get a Kotak Mahindra Bank Home Loan at affordable interest rates starting from 9.00% p.a. on Bajaj Markets. Also, you get to choose a tenure ranging up to 20 years so that you can repay at your convenience. With simple eligibility criteria, minimal documentation, and low processing fees, this loan can help you meet your housing requirements efficiently.

Interest Rates and Charges

Make sure to check the kotak home loan’s interest rate and other associated charges prior to applying.

Processing fee	Salaried Applicant: 0.5% of loan amount + GST Self-Employed Applicant: 1% of loan amount + GST
Processing fee	₹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 above-mentioned rates and charges are subject to change at the lender’s discretion.

Kotak Mahindra Bank Home Loan EMI Calculator

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Home Loan Amortization Schedule

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Features and Benefits

Attractive Interest Rates

Get a home loan at low interest rates, starting from 9.00% p.a.

Insurance Facility

Utilise the home loan insurance facility provided by Kotak Mahindra Bank at competitive premiums. This helps secure your family against unforeseen circumstances and financial burdens

Easy Documentation

Simply scan and upload the required documents when applying for the loan on Bajaj Markets

Simple Eligibility

The simple eligibility parameters set by the bank allow you to borrow the required amount easily

Eligibility Criteria and Documents Required

The criteria you need to fulfil to be eligible for this loan are mentioned below:

If salaried, you must fall under the age bracket of 18 to 60 years
If self-employed, you must fall under the age bracket of 18 to 65 years
If you are a resident of Delhi, Bangalore, Mumbai, Pune, or Chennai, you should have a minimum monthly income of ₹20,000

If you are employed at a private limited company or a partnership firm, you should be a graduate. This is not applicable to those working in public limited companies, MNCs, government, etc.

You should have a credit score of 750 or above

Apart from eligibility, submitting the necessary documents is a crucial step towards getting a housing loank. Find the list of essential documents below:

Complete application form with passport-sized photographs
KYC documents: Proof of identity and address like Aadhaar card and PAN card
Property documents with a sanction map
Income Proof:

For salaried individuals: Salary slips for the last three months, Form 16 of the last 2 years, ITR filings of the last two years, bank statements of the last six months
For self-employed individuals: Profit and loss statement of the business for the last three years, bank statement of the business and the individual for the previous 12 months, and ITR filings of the last three years

How to Apply?

You can obtain this loan on Bajaj Markets easily by going through the following steps:

Step 1

Click on the ‘Apply Now’ option on this page
Step 2

Fill in the application form with your basic information
Step 3

Choose ‘Kotak Mahindra Bank’ from the list of lenders
Step 4

Choose the loan amount and property details
Step 5

Find out your loan offer along with all the charges and net disbursal amount
Step 6

Following this, a representative of the bank will reach out to you for further proceedings.

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What is the highest loan amount I am eligible to apply for?

You can borrow up to ₹50 Lakhs with a Kotak Mahindra Bank Home Loan. However, this is subject to your eligibility for the loan.

Who is eligible to be a co-applicant for this home loan?

Your spouse, parents, and other close relatives may apply for this home loan with you as co-applicants.

What’s the processing fee for the Kotak Mahindra Bank Home Loan?

Salaried individuals have to pay 0.5% of the loan amount + GST as processing fees. Meanwhile, self-employed applicants may be required to pay up to 1% of the loan amount + GST.