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Kotak Mahindra Bank Home Loan Apply Online @8.90%

4.9 stars based on 43 reviews

Home Loan Details

Loan Amount *

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Property Details

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Builder Name *

Amount *

Employment Details

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Existing EMI

Personal Details

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Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

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Have multiple existing loans?
Have multiple existing loans?

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Kotak Mahindra Bank Home Loan Details

Kotak Mahindra Bank Home Loan

Are you still dreaming about owning a house? It’s time to start taking steps close to making your dream a reality and this is now easily possible with the help of a home loan from one of the best banks. Kotak Mahindra Bank offers best home loan facilities to everyone who meets the eligibility criteria. This bank has designed the loan structure keeping in mind that it is convenient for choosing the option that suits the home loan requirements effectively for customers. It also provides various types of home loan for every customer out there. Interesting there are types of home loan that just needs to be paid after possessing the house and there are other type of loans for which the EMI should be paid right from the day loan amount is disbursed.

Features and Benefits of Kotak Mahindra Bank Home Loan

  • Avail Attractive Interest Rates
  • Hassle-free Loans - No Guarantor / Security or Collateral required
  • Repay with easy EMIs
  • Speedy Loan Approval
  • Disbursal in 3-4 Days
  • Quick Loan Disbursal
  • Low interest rates
  • Online loan request option available
  • Low pre-payment charges also waiver is offered after few months.
  • Can instantly check loan eligibility
  • It offers personalized loan quotation for each business requirement
  • 24/7 Customer Support
  • Lot of attention to detail and scrutiny is done before approving the loan amount

Why should you choose Kotak Mahindra Bank Home Loan?

Kotak Mahindra Bank was established in the year 1985 to service banking and financial needs. It was earlier known as the Kotak Mahindra Finance Limited which is a non-banking financial firm. The bank offers finance solutions for every need and is well recognized for home loan approvals. Apaprt from this, it is also best for savings accounts, credit cards, mutual funds distribution and also life insurance products. This Bank provides home loans along with by highly customized services and facilities for a all-in-one and pleasurable home buying experience. To get more information, follow the simple steps to apply for a home loan and get attractive deals.

How to apply for Kotak Mahindra Bank Home Loan?

Applying home loan is not that tough and through Finance Buddha it is even easier to get everything about your home loan approvals sorted. Firstly you should check your eligibility before applying for a loan. This way there will be not much chance of application being rejected. While checking eligibility it is crucial to check the CIBIL scoring of the applicant. The higher and better the CIBIL scoring is; it will be easy for approval and the rate of interest will be low. Also this bank offers high customization is each of its customers. Thus if you are looking for very simple ways of get a home loan approved then Kotak Mahindra Bank is the best choice.

Kotak Mahindra Home Loan Eligibility Criteria

Simple tables with basic details are below plus all other necessary information is clarified in the second table in this page.





21 years to 60 years

21 years to 65 years

Minimum Income

₹1,44,000 p.a.

₹1,44,000 p.a.

Loan Amount Offered

₹2,00,000 – ₹1,00,00000

₹2,00,000 – ₹1,00,00000


5 years to 25 years

5 years to 25 years

Current Experience

2 years

3 years

Processing Fee

Zero fee

Zero fee

Loan to value ratio

85% of the property value

85% of the property value


1) Complete application form

1) Complete application form


2) Address Proof

2) Address Proof


3) Age Proof

3) Age Proof


4) Income Proof

4) Income Proof


5) Last 6 months bank statement

5) Last 6 months bank statement


6) last 3 months salary slip

6) Bank statement

Kotak Mahindra Home Loan Interest Rates, Fees and Charges (updated 05 Sep,2023)

Customer Type

Rate of Interest

Processing Charges

Effective Rate Of Interest

MCLR + Mark Up

(excluding Service Tax)

Floating Category

For salaried individuals


MCLR + (0.10%)

Upto ₹10000/-

For Self Employed


MCLR + (0.15%)

Upto 0.50%

Fixed Category

For salaried individuals




For Self Employed




Kotak Mahindra Bank Home Loan Fees & Charges

Loan Amount

90% of the cost of the property

Tenure Range

1-20 Years

Loan Processing Charges

Upto 1.25% of Loan amount

Documentation Charges

0.5% of the Loan amount

Stamping Charges

Applicable as per the respective State's Stamp Act

Commitment Charges

2% on loan sanctioned less amount disbursed

Overdue Interest

2% of Overdue Amount, compounded monthly

Collection Charges

30% of penal and cheque bouncing charges

Dishonour Charges Per Instance

Rs. 750.00

Swap Charges( Replacement of PDCs)

Upto Rs. 500 per Swap per Instance

Prepayment Interest / Forclosure Charges

For Individual Floating Rate Home Loans we allow full prepayment of the loan anytime (after the full disbursement of the loan) with NIL charges. For Mortgage Loans (Other than Individual Floating Rate Home Loans) we do not allow full prepayment for a period of 6 months from the date of your first EMI. 4% of Principal Outstanding +4% on amount prepaid in last 12 months

Duplicate Issue of NOC

Rs. 500/-

Solvency Certificate

Rs. 10000/-

No Due Certificate


Charges for furnishing a copy of the credit information report (CIBIL) to the applicant.

Rs. 50/-

Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)

Once yearly without any charge. Post that Rs. 250 per request.

APAC Reschedulement

1% of outstanding loan amount

Part Foreclosure Charge

NIL for pure Individual Floating Rate home loans. Upto 25% of outstanding with a gap of 6 month without charges, exceeding that 4% of Principal Outstanding for other products

Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)

0.5% of the Loan Amount Outstanding or Rs. 10000/- per event of Property Whichever is higher

Change in Installment Due Date

Rs. 5000/- + broken period interest (if any) Or 0.5% of the Loan Amount + broken period interest (if any) Whichever is less

Change in Property / Asset / Collateral

0.5% of the Loan Amount Outstanding or Rs. 10000/- per event of Property Whichever is higher

Re-issuance of Pay Order

Rs. 100/- per instance

Kotak Mahindra Bank Home Loan Checklist of Documents Required

  • Identity Proof– Passport/ Driving License/ Voter ID/ PAN
  • Address Proof– License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
  • 3 month salary slip
  • 6 month bank statement
  • 2 year Form 16

List of Common Documents:

  1. Complete loan application form with one passport size photograph.
  2. Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
  3. Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
  4. Residence Ownership Proof: Sale deed or rental agreement
  5. Income Proof: salary slip, bank statement and Form 16
  6. Job Continuity Proof: Appointment letter at employment and validation letter from HR
  7. Bank Statement: Past 6 months’ document
  8. Property Documents:  Sale deed, Katha, transfer of ownership
  9. Advance Processing Cheque: A cancelled cheque for validation of bank account
  10. Investment Proof: LIC, mutual funds, property document etc.
  11. Financial Documents:
  1. For salaried individual: 3 month salary slip, Form 16 and bank statement
  2. For self-employed individual: IT returns for last 2 years along with computation of income tax for past 2 years certified by a Chartered accountant
  3. For self-employed non- professionals: IT returns for last 3 years along with computation of income tax for past 2 years certified by a Chartered accountant.

Salaried Individual:

  • Loan Form:  Bank loan application form to be filled with passport size photographs affixed
  • Residential Address– Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport
  • Identity Proof– Passport/ Driving License/ Voter ID/ PAN
  • 3 month pay slip
  • Income Proof Documents
  • 2 years Form 16
  • Copy of Income Tax PAN
  • 6 months bank statement that shows salary from the employer and any EMI paid for outstanding debt.

Self Employed– Professionals:

  • Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
  • Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
  • Office Address Proof: Property Documents, Utility Bill
  • Office Ownership Proof: Property Documents, Utility Bill, Maintenance Bill
  • Business Existence Proof: 3 years old Saral Copy, the Company Registration license, Shop Establishment Act
  • Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet,  etc.,
  • Bank Statement: Past 1 year bank statement
  • 1 passport size color photograph

Self Employed Individuals - Senior Citizens/Pensioners:

  • Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
  • Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
  • 1 passport size color photograph
  • Age proof document : pan card or passport
  • Income proof: pension returns or bank statement
Frequently Asked Questions

What would be the home loan interest rate for different loan amount at Kotak Mahindra Bank?

Irrespective of what the home loan amount is, the rate of interest remains the same i.e., 14.5%.

What are some of the common and very necessary documents for home loan at Kotak Mahindra bank?

Proof of Income, Banking details, Proof of Residence, Proof of Age, Proof of Identity and Signature, Certificate of Educational Qualifications

What is the processing fee for home loan at Kotak Mahindra Bank?

If you have opted for floating rate of interest for your home loan, then the processing fee will be just 1.25%.

Kotak Mahindra Bank Home Loan ReviewsView All


5 / 5

Kotak is really good in all its work and best in terms of providing services. They approved my home loan only in 6 days. Because of them only I am having my own home. They provided loan even when my CIBIL score was not that much good, the interest charged was somehow more as compared to others because of my CIBIL score.
Sagar Mehta

5 / 5

I took a home construction loan with Kotak. The rate of interest is 9% and processing fees is comparatively low. For the construction loan I had to submit the land papers. The processing was very fast. I am happy with my decision of going with Kotak.
Vikram Ghosh

5 / 5

Finance Buddha and Kotak are the institutions on which you can rely on at the time of need. I have taken a home loan with Kotak through Finance Buddha. The Finance Buddha team helped me throughout the process and my loan was approved on the 5th working days.
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