Home Loan Balance Transfer

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Pay off any existing balance of home loan with Kotak's Home Loan Balance Transfer at a lower rate of interest. You can now retain your home on better terms and conditions that suit your needs.

  1. Take a home loan, to pay off existing home loan(s)
  2. Future payments will be made to Kotak Mahindra Bank
  3. Transfer your existing home loan at interest rates that are lower than the original loan
  4. Top-up the existing loan to get ready cash for any of your needs
  5. The procedure of acquiring the loan is now easier and the amount payable for your instalments is designed to make you feel comfortable
  6. Avail Kotak Home Loan Transfer if:
    • You are trying to reduce your interest rate and lower your payments
    • You are trying to reduce your home loan term to pay off your loan faster
    • You want to use the equity in your house to get money for any of your needs. You can take a top-up over the existing loan to get the much needed cash to fulfil your needs.

Quick check

Even a 1.0% reduction in the interest rate can save you more than Rs. 1.5 lakh on a loan of 10 lakhs over a 20 year period. The exact figure will depend on the rate on the existing loan, balance tenure, etc.


Conditions apply. Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.


The financial eligibility depends on the Customer's repayment capacity and is based on the following factors:
  1. Monthly or annual income
  2. Source of income
  3. Savings and credit history
  4. Work experience
  5. Age
  6. Qualifications
  7. Number of dependents
  8. Probability of the Customer continuing in the same occupation
Loans can be applied by individuals, either solely or jointly. Owners of the current property, in respect of which the loan is being sought, will have to be co-applicants. However, the co-applicants need not be co-owners of the Property.

Apart from the application form, you will be required to submit the following documents.
  1. Income proof and banking details
  2. Age proof and address proof
  3. Identity proof and Signature Proof
  4. Proof of educational qualifications

Expand All

What is the maximum amount I can borrow?

You can borrow up to 90% (upto 80% for original loan between Rs.20-75 Lacs, & 75% for original loan above Rs.75 Lacs) of the cost of the property in case of Home Loan Balance Transfer. However in case of Commercial Loans against Property or Loans against an existing property you can borrow up to 60% of the cost of the property. The Balance Transfer Amount shall, however, be restricted to the Outstanding Balance of Loan with the existing financer.

How will my loan eligibility be determined?

Your repayment capacity as determined by Kotak Mahindra Bank will help decide how much you can borrow. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependent's, spouse's income, assets, liabilities, savings history and stability and continuity of occupation.

In how many years can I repay the loan amount?

You can opt for a loan period of up to 20 years or outstanding tenure of the proposed loan to be taken over whichever is lower and can vary depending on your profile.

Who can be my co-applicant?

If you are an individual - your spouse, your parents, or even your major children can be your co-applicants. The co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property.

Can I get the benefit of reduced interest rates in the intervening period or during the balance tenure of my loan?

In Floating rate loans, change in Base rate will have direct impact on the interest rate of Home Loan.

When will the loan be disbursed?

You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents & deposit of original property documents is required to be completed prior to disbursement. Further, you should have invested your own contribution amount towards the property. 'Own contribution' is the difference between the cost of the property and the loan amount.

In how many installments can the loan be disbursed?

The loan will be disbursed in full or in suitable installments taking into account requirement of funds and progress of construction, as assessed by Kotak Mahindra Bank.

Does the agreement for sale have to be registered?

Yes, very much so. In many states in India, the agreement for sale between the builder / seller and the purchaser is required by law to be registered. You are advised, in your own interest to lodge the agreement for sale at the office of the Sub-registrar appointed by the State Government under the Indian Registration Act, 1908.

Does the property have to be insured?

Your home is your pride and joy. Don't let unplanned events take it away. Property insurance will take care of home in case an unforeseen event strikes. Also, we offer Insurance options to cover your Loan Liability. That way, you will be at peace that you and your loved ones will not lose your home.

What kind of security is required?

In most cases, the property itself, bought or intended to be bought, becomes the security till the entire loan is repaid. In some cases additional security such as life insurance policies or Term Deposit receipts of Kotak Mahindra Bank (if available) can be provided.


Conditions apply. Credit at the sole discretion of the bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.


Kotak Home Finance is dedicated to understanding your specific needs, and to helping you move your inventory faster than ever before. We will work closely with you for a mutually beneficial relationship.

Distributors or Direct Sales Associates for other Financial Services

If you are currently distributing some other financial Products and would like to benefit from the real estate and Home-Finance boom, then Kotak Mahindra Bank is the place for you.

Real Estate Agents and Brokers

We provide one of the best Home-finance solutions in the industry. The speed is designed to give your business the necessary fillip.

To get in touch with us and find out more about how you can become an Associate, contact us at following branches.

LocationSub - locationDeptFull Address (with PIN Code)Contact PersonContact No.
MumbaiKalinaHome Finance5th Floor, Vinay Bhavya Complex, 159 A, CST Road, Kalina, Santacruz E, Mumbai - 400098Kapil Singh9833223737
MumbaiBorivaliHome Finance1st Floor, Soni Shopping Centre, L.T. Road, Borivali (W), MUMBAI - 400092Aashish Shinde9920755101
MumbaiMulundHome Finance105-106, 1st Floor, Vikas Paradise, LBS Marg, Mulund(W), MUMBAI - 400080Archana Sand9619867212
DelhiDelhiHome Finance2nd & 3rd Floors, 6, Vaishali Enclave, Pitam Pura, Adjacent to Gulab Sweets, New Delhi - 110088Harmeet Basant8447752755
GurgaonGurgaonHome FinanceJMD Regent Square Mehrauli-Gurgaon Road, Gurgaon - 122002Rakesh M Kumar9899035907
BangaloreBangaloreHome Finance3rd Flr, Umiya Landmark, Lavelle Road, Bangalore -560001Bhudev Nanda9739002065
PunePuneHome Finance8th Floor, Sohrab Hall, 21, Sassoon Road, Behind Railway Station, Pune - 411001Kunal Pradhan7767802576
HyderabadHyderabadHome FinanceJewel Pawani Tower, 2nd Floor, W Block, 6-3-1109/1/P/302,Raj Bhavan Road, Somajiguda, Hyderabad - 500082Giri Babu9885522999
ChennaiChennaiHome Finance8th Floor, TVH Agnito Park, 141 ,Old Mahabalipuram Road, Kandanchavadi,, Chennai - 600096Prakash K9962000400
CoimbatoreCoimbatoreHome Finance1054/33, Goutham Centre Annexe, 2nd Floor, Avinashi Road, Coimbatore - 641018Swaminathan Selvan9176677803
CochinCochinHome Finance40, 9702 UA, Kanaka Damodar Building, Veekshnam Road, Off MG Road, Ernakulam - 682035Ajay Menon8589054679
VijaywadaVijaywadaHome Finance40-1-48/1, M G Road, Labbipet, Vijaywada - 520010Prabhu Kumar Addanki9885332313
JaipurJaipurHome FinanceGround Floor, SDC Tower, B 26, Govind Marg, Raja Park, Jaipur - 302004Madhur Ojha9672915886
ChandigarhChandigarhHome FinanceSCO 831 NAC Market Manimajra, Chandigarh-160101Manish Rathore8558848187
IndoreIndoreHome Finance5th Floor, Metro Tower, Near Vijay Nagar, Indore (M.P.) - 452010Rajesh Bhatt8370019482
RaipurRaipurHome FinanceDhand Compound, Behind Police Head Quarter, Civil Lines, Raipur - 492001Nikhil Khiyani9575711118
NagpurNagpurHome Finance1st Floor, Plot No.8, WHC Road, Shankar Nagar, Dharampeth, Nagpur - 440010Pankaj Kale9881120205
NasikNasikHome FinancePayas Thatte Nagar, Near Croma Showroom, College -Gangapur road, Link Road, Nasik - 422005Anshuman Bakshi7767006476
AhmedabadAhmedabadHome FinanceUnit No. 425-426, 4th Floor, Siddhivinayak, Shivaranjani Chaar Raasta, Satellite, Ahmedabad - 380015Ketan Sheth9825140410
SuratSuratHome FinanceK.G. Point, Ghod Dod Road, Near Ganga Palace, Surat - 395007Sachin Shaktinandan9099091235
RajkotRajkotHome FinanceUpper Ground Floor, Shri Nath Complex, Dr. Yagnik Road, Opp. Jilla Panchayat, Race Course Chowk, Rajkot - 360001Paras Seladiya9879584686

For loans: *Conditions apply: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

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