Apply for Kotak Mahindra Bank Home Loan Online   4.91 stars, based on 43 reviews

Project Name
Builder Name
Cost of Plot
Cost of Construction
Total Cost
Relationship Ex: Father, Son etc.,
Co-Applicant Net monthly Income
Current EMI

All day customer support

call us at

080-6012 0505

Drop your number

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.

Eligibility Criteria for Kotak Mahindra Home Loan

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

INR 1,44,000 p.a.

INR 1,44,000 p.a.

Loan Amount Offered

INR 2,00,000 – INR 1,00,00000

INR 2,00,000 – INR 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


Checklist of Documents Required for Kotak Mahindra Bank Home Loan

  • 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

Kotak Mahindra Home Loan Interest Rates, Fees and Charges

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 Rs. 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

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%.

What is the minimum and maximum tenure for home loan?

The minimum and maximum tenure is 5 years and upto 25 years for home loan at Kotak Mahindra bank.

What is the age limit for applying for home loan at Kotak Mahindra bank?

The age limit for home loan is: Min 21 and Max 60 years for Salaried Min 21 and Max 65 years for Self Employed

Is it possible to club the income of my spouse along with mine while applying for home loan?

Yes, it is absolutely possible and there will be high probability of getting huge loan amount and lower interest rate as the CIBIL scoring of both is considered.

How does part payment work with Kotak Mahindra bank?

When you part pay your outstanding loan amount, the monthly EMI amount will reduce which will directly affect the interest rate as well. Thus it will help you to repay the loan amount faster with less EMI.


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.


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.


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.


I applied for my home loan with KOTAK. All the things started well. The documentation process and all were on time. But then also I don’t know what went wrong and the approval took more than 11 days. I am not fully satisfied with this thing.


I am a customer of Kotak from last 10 years, and when it comes for home loan I decided to go with Kotak only. The offered me the loan at an interest rate of 8.80% P.A. and the processing charge was 0.50%. I found this rate good for me and I took the loan. The loan amount 10 lakh and the tenure period was of 5 years.


I took a home renovation loan for my old house in Bangalore. My loan is with Kotak and for this I had to submit the home papers, my salary slip, and one card for my identity proof. The rate of interest was normal and there were no hidden charges.


Kotak is best in providing service and their main aim is to make their customers satisfied and provide all type of support they need. The staff of the bank are very well behaved and soft spoken. I called them 2-3 times for the follow up related to my home loan. my loan application was approved only in 5 working days and I am very happy with it.


I am having my on going home loan with Kotak. I applied for this loan on 25th May 2017 through Finance Buddha website. The application form was filled online and the documentation process was completed with the help of executives. I was surprised that on the 5th day I got the SMS that my credit has been approved and next day from that I got the money credited in my account.


House is the basic need of very people. And having one’s own house is a dream to a common earning man. But with the help of Kotak I was able to turn my dream into reality. I applied for a home loan with Kotak and within a short period of time my home loan got approved. I am very thankful to Kotak for their help.


The quality of service provided by the Kotak Mahindra bank was really good. The response was very quick and the processing was also fast. I am fully satisfied with their service. The rates and other charges were also low.


I applied for my home loan with Kotak Mahindra and I was amazed with the response. The response was quick and the approval process started from that very day which was followed by the document collection and submission. All these things were done by the Finance Buddha executives. I had not to visit Bank even for a single time. My home loan was approved in only 5 working days. I am very happy with the support and work of Finance Buddha team.


The price of property is rising every day in Bangalore. And having one’s own house here is considered as a big thing for a middle class family. I was able to purchase my own house in Bangalore last month only with the help of KOTAK Mahindra. They financed me my home loan.


Recently I applied for my home loan with the help of Finance Buddha portal. I got to know about this from one of my friend. The application form was filled online and after that the executives from Finance Buddha came for the documentation process. My loan was approved with KOTAK. The rates and other charges were normal with them.


Finance Buddha and Kotak Mahindra helped me in having me my 1st home. I applied for a home loan with Kotak Mahindra through Finance Buddha portal. The process started day after applying. There was a call for confirmation followed by the documentation process. The process was completed in a hassle free and smooth manner and my loan was approved only in 4 days. Thanks Finance Buddha and Kotak Mahindra.


Recently I applied for my home loan with Kotak Mahindra bank. There processing was really fast and was on time. My home loan was approved only in 5 working days. The rate of interest charged is 8.80%P.A which is low as compared to the other banks. The processing fees charged was also very low.


I am impressed with Kotak Mahindra, I must say I am really happy with their process, it was basically a home construction loan. They took around 5 to 6 days of time to provide the loan. They took my salary slip, and other relevant documents along with my land property papers works were produced to avail this loan. In short, I enjoyed their service.


Getting a loan was not only tough for me but impossible. But, these are the people who turn the impossible into possible. My low CIBIL score became the barrier for the loan application in the bank branches. But, then a friend suggested me a canny group of people who claim that they can turn your loan problem into a solution. I visited their website i.e. and it was the moment when my life changed. I contacted them filled a few details and a list of home loans in the market which was available was displayed in front of me. Secondly, they advised me to take the home loan with Kotak Mahindra Bank by looking at my needs. They gave me a dynamic loan which busted incentives in front of me. The loan incentives were the low-interest rates as compared to which were offered by the banks. The interest rate which was provided to me was 15% at the best. This became possible because of their negotiation. They were polite enough to approve my loan and get it disbursed into my bank account within 3 days of the application of the loan which was not possible. They are the angels in my life who changed it completely. I thank them from the bottom of my heart.


I would not be writing a review if I would not be given a loan by these people who are unctuous in nature. The services that they provided me can be compared with the service you receive in a good restaurant. Yes! They are the loan Santa who gives you a loan just like a gift. I had a good experience with Finance Buddha in gaining me a loan without any issues. These people are so efficient at doing things. I also got a home loan with Kotak Mahindra bank which was without any issues and with benefits that are incomparable. My experience consisted of the loan which had low-interest rates and processing fee along with the support of Finance Buddha team. Even Kotak Mahindra Bank helped me get the loan insured so that during any contingency you can get the disbursement of the amount that was in a loss. In all, these guys understand your home needs and make it happening. The home that I purchased was still into construction and I reserved my home. Within 6 months I transferred into my dream home all because of Finance Buddha and the Kotak Mahindra Bank executives. The business loan sorcerers of my life!


They are the people just like the experienced movie star who acts a difficult scene even without any trouble. The smoothness of the process is truly amazing. You become a fan of their service once you join with them for the loan process. They are the man for the job when it comes to the loan. They never steer wrong with you and guide you with the best. I applied for a loan with Finance Buddha and they showed me some loans available in the market. After that, they suggested me with the loan with Kotak Mahindra Bank which was very dynamic and fulfilled all my needs. The low-interest arrested me and helped me gain a new perspective for the loan. The loan provided by Kotak Mahindra was very easily disbursed to me without any hard efforts. The best part is I got the loan disbursed at my doorstep. Also, the interest rate provided to me was 8.75% which is the lowest interest rate offered by them. They truly handle your issues and come up with a unique solution for it. Making them the best!


The professionalism is one of the finest in the country. The manner and the nature of the sanction of the loan are truly so smooth that you can blind-folded trust them when it comes to the sanction of the loan. The loan process is the activity that these people should not be questioned with. They are just like the movie seat you booked and you do not need to look back again and check the seat twice after booking it. Yes! They sanction your loan so quick that you are unable to judge the speed once you connect with them. I got a loan sanctioned with the Kotak Mahindra Bank which was filled with incentives including the hassle free process and the other incentives. The low-interest rate was completely astonishing to me as they provided me with 8.75% interest on the loan and the processing fee. Also, they were extremely concerned about the loan sanctioned to me and you can actually track your loan. The best team ever to get you a loan!


It becomes hard for working women to get a home loan. But it was made possible because of the adroitness of Finance BuddhaÕs team. They were so helpful in getting me a home loan with all the incentives I could demand of. I got a loan with Kotak Mahindra Bank with the help of Finance Buddha which was next level funding provided to me. They helped me get the loan without any hassle. Yes! For a woman to receive the loan without any hassle is a big thing. The normal banks try to delay your loan application for a longer time resulting in the loan process getting carried forward and carried forward. The loan was sanctioned to me in 4 days of application and processed in a speedy manner along with the low-interest rates and processing fees. The interest rate charged to me on Rs. 4.5 crores loan was just 9.85% with the processing fee of 1.25% which was very much easy. The team support ensured the safety of the loan to be disbursed in my bank account which was without any issues. I recommend them to all my friends for the financial assistance like the loan process either it be the home loan, the personal or business loan.


The people who are so plausible that they can tell you the loan amount and the interest rate you are going to get. You need not look at a second option once you join with them. They provide you with the loan details so meticulously that you cannot deny the offer. Firstly, you need to apply for a loan by checking the Finance Buddha website and filling up the home loan details such as your employment, your take away income and the EMI amount you would like to pay and within seconds your loan gets calculated. I got a loan from Kotak Mahindra Bank which provided me with various incentives such as doorstep delivery of the loan at my home. Also, they were kind enough to carry out the documentation process on my behalf by taking care of the whole processing and the disbursement process as they perform this function for their every customer. They believe in the delivery of the best services to the customer with the premium customer satisfaction motto they are able to execute them with so proficiency and without any errors. This makes them so away from the mundane and special.


The sophisticated team truly advised me the best loan available in the market. They were just better than the mainstream guys we all go for applying for the loan. This makes them look unique and the market changes. They analysed the gap in the market and fulfilled the needs of the necessary accordingly. I too received a loan because of the teamÕs support and the assistance at the lowest interest rates and the processing fee making it look like an impossible job made possible. I got a loan sanctioned from the premium bank in town i.e. Kotak Mahindra Bank which was flexible enough to provide me with a loan at such minimum rate of interest in the impossible time. I went on to the Finance Buddha website filled up few details they asked me for and applied for the loan. No sooner did the loan was sanction and I received a confirmation within a day. They were quicker than the BlueDart post and sanctioned me the loan within 3 days of the application at attractive interest rates. IÕm truly honoured by their service and would like to pay the debt they owe me whenever they are in trouble.


Their maestro skills are truly off the ranks and resemble a higher standard of financial lending never seen before. You might be surprised to see the performance standard when you apply for a loan with them. They just are truly remarkable in the loan processing and the loan disbursement section. They truly justify what they are best at! I too got a loan sanctioned with the help of Finance Buddha and was amused to see the services they provided me with. They truly have got an upper edge over the other players when it comes to the financial lending. I have sanctioned a loan with Kotak Mahindra Bank because of Finance BuddhaÕs assistance and co-operation in getting the loan. They provided me with a loan just within few clicks along with the services of easy documentation and hassle free process; they handled all the documentation on my behalf making the process look like nothing. Also, the interest rate delivered to me was truly commendable as they provided me with 80% of the loan amount I had applied for at just 9% rate of interest. The other bank providers did not provide such low-interest rates. This is what makes them unique!


Just like the army men defend your country at the border from the foreign intruders the similar is with the Finance Buddha executives who exponents you from the foreign unworthy sources of finance for your needs. The best part experienced by me about their services was the hassle free process they handled on my behalf. When you walk into a mundane bank the documentation process becomes an irritation and they even came up with a solution for it i.e. the hassle free process. The interest rate too was not so high being 9.75% on the loan amount of Rs. 3 crores which were a benefit for me. I was able to secure a home loan from Kotak Mahindra Bank with the help of Finance Buddha which was not only full of incentives by Finance Buddha but also Kotak Mahindra Bank which sanctioned me the loan. The loan was processed fast and the disbursement that took place was just 96 hrs. The other incentive provided to me by the bank was the service of getting your loan insured if some contingency hits you and you are unable to pay back the money. All in all, the service provided and the support by the Finance Buddha team was phenomenal!


Just like an artist sketches the masterpiece with patience the similar patience and a worthy deal is provided to you by the executives of Finance Buddha! The home loan process is a tedious job if you donÕt know anything about the market and how to avail for a home loan. You can even get a home loan for a building which is under construction, or youÕre moving in. This makes the process a lot simpler. I too was able to secure a Kotak bank home loan with the help of Finance Buddha and was lucky enough that it fulfilled all my needs. The loan was provided by the financial institution Kotak Mahindra Bank which was so dynamic that it focused on the consumer needs for the loan to design it for them. The documentation process was carried out by the Finance Buddha executive along with the service of quick processing and disbursement of the loan. This just made the loan process a piece of cake. The best part about it was the low-interest rate which I was able to secure because of the team i.e. 8.75% which added the cherry on the top.


Finance Buddha a prodigy company with some unrealistic achievements! They sounded much exaggerated when a friend mentioned to me about them. I was in need of a loan for my home and was contacting people about the various sources of funding to fund my home. I did not believe earlier but when I visited the website they asked me to fill in a few details. I filled them and got the different home loan details available in the market. I applied for the home loan with Kotak Mahindra Bank and believe me the experience is truly amazing. The loan process as soon as I applied was followed by a call wherein the executive told me to upload my documents for the loan. All the approval and the processing were done by them on my behalf and I was able to secure a loan worth Rs. 1.5 crores at just 9% rate of interest and lower processing free. The loan amount too was disbursed within 3 days of the application of the loan. The other service provided by the Kotak Mahindra bank was the doorstep service. Truly amazed!


The masters of the loan process are truly flawless! Finance Buddha an upcoming group of young as well as an experienced group of people who are dynamic in nature to avail you with the loan. They help you to secure the best loan you have thought of. You just remain speechless when you find the loan amount deposited in the bank account. Similar was the case with me when I first encountered them, I thought these guys have experienced so they would be guiding me where to get the loan from and other does and don't. But, actually, I applied for a loan with them. I applied for a Kotak home loan with Finance Buddha and was able to secure one interesting loan that satisfied all my needs. It was dynamic as well as had incentives. The first incentive that the loan provided to me by Kotak Mahindra Bank was the hassle free process and all the documentation was carried out by the Finance Buddha team. The second incentive was the quick disbursement of the loan into my bank account which helped me secure my dream home without any issues. This could not have been possible without the team so, I want to thank you all.


The dexterity with which the activities of Finance Buddha are performed is truly commendable. It gives me immense pleasure to write something for Finance Buddha and the team as a few months back they helped me with my needs. It can be called a stroke of luck that I met these angelic people who were so helpful in securing me the home loan with the Kotak Mahindra Bank home loan worth rupees 2 crores easily. It looked difficult on the outer side as such a big amount to be collected by the bank would take while. I had applied for a home loan with Finance Buddha and was able to get a home loan with Kotak Mahindra Bank which was not only flexible but the cherry on the top was the low-interest rate of 8.75% along with lower processing fee. Secondly, I would like to appraise the efforts of the team as they were very helpful with me during the whole process. They carried the whole documentation process on my behalf and even processed and disbursed the loan to me quick i.e. within 4 days of the application of the loan. They truly hold the edge skillset for the loan process and provide you with the best loan.


They are just as equal to an ace in the poker. If you hold them during the loan process you get the best deal. You are provided with ample of incentives to choose for and design a flexible loan for you with the help of Finance Buddha. Is it a comparison site? Yes! Earlier I too had the same thinking but the moment I applied for the home loan to secure the loan it was easier than I thought. They just hold your hand virtually during the whole process and donÕt let you fall into any bank traps. If you walk into a mundane bank they try to captivate your attention with the various schemes and offers to make it complex for you to get into the loan traps if you are unaware of. But, Finance Buddha executives study your needs; compare the loan amount for you and avail you the best loan. I too had applied for a home loan through Finance Buddha. And I was able to secure a deal with Kotak Mahindra Bank for home loan which was very flexible as the bank executives take into the consumerÕs opinion as for the priority. The interest rates too were low, as low as 8.8%.