Key Features

Kotak Mahindra Bank offers a variety of features and a range of options flexible enough to take care of finance for your home in India. Choose from a range of options designed especially for you:

Kotak Home Loans provide you simple ways to pay for that house you have been saving up for.

With Kotak Home Improvement Loans, you can now borrow against your existing home to decorate, paint, renovate, furnish, extend or simply change the way your home looks.

You can use the Kotak Home Improvement Loan to build up equity in your home by making improvements in the property.

Kotak Flexi Home Loan is designed to address the dilemma of home loan borrowers due to volatility in the interest rate scenario. Certainty of a fixed rate comes at a cost while a floating rate may lead to higher outflows in the event of an interest rate rise. Kotak Flexi Home Loan takes the middle path.

The interest remains unchanged for 3 years, at the end of which it is reset at prevailing index rate and gets fixed for the next 3 years. This cycle continues till the end of the loan tenure. The impact of any change in the index rate (Kotak Mahindra Bank Home Finance RPLR/ Kotak Mahindra Bank 1 year retail Fixed Deposit rate) is given after the three year period.

The advantage: You get protection against interest rate volatility during a 3 year period and also the benefit of any rate decrease at the end of each 3 year period. So you get the certainty of a fixed interest rate, along with the flexibility of a floating rate. It also provides the opportunity of lower interest rate compared to conventional fixed rate loans.

We now provide an alternative to decide which benchmark rate you wish to link your home loan interest rate to. A unique offering, the Kotak FD Linked Home Loan is linked to the Kotak Mahindra Bank 1 year Retail Fixed Deposit Rate* instead of the Retail Prime Lending Rate (RPLR). So the home loan interest rate changes only if the linked Fixed Deposit rate changes.

The advantage: An extremely transparent home loan. And you don't even have to maintain a Fixed Deposit with us to avail of this facility.

This transparent link option is available with the Kotak Flexi Home Loan as well as the conventional floating rate home loan.

*Rate considered is Kotak Mahindra Bank Fixed deposit rate for deposits below Rs.15 lakhs with a term of 1 year and above but less than 2 years.

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