Loan Against Property Interest Rate
Loan Against Property Interest Rates starts at 9.15% p.a.
Lower Interest Rates start @ 9.15 % | Flexible Loan Repayment | Minimal Processing Fees

Loan Against Property Interest Rates starts at 9.15% p.a.
Lower Interest Rates start @ 9.15 % | Flexible Loan Repayment | Minimal Processing Fees
When you are looking for a loan against property, one important thing that you must check is the interest rate. A lower interest rate can bring down the overall repayment amount, while a higher interest rate can burn a hole in your pocket. To avoid a rise in your financial burden, it is important to mortgage your valuable property with a lender who offers a lower interest rate.
Loan against property interest rates is generally lower as compared to other unsecured loans. Mortgage interest rates depend on various factors, however, the primary determining point is the nature of employment. Kotak Mahindra Bank provides different loan against property interest rates to salaried and self-employed borrowers.
Nature of Employment |
Rate of Interest |
Salaried/Self Employed |
Starts @ 9.15% per annum |
Kotak Mahindra Bank provides mortgage loans with attractive interest rates that are among the lowest in India.
Other than the nature of employment, loan against property interest rates is based on the borrower’s financial profile. Your credit score, repayment capacity, and your financial history are taken into account when offering mortgage loan interest rates.
Before opting for a loan against property you must also check if the lender is offering you a good value for your property, flexible repayment tenure, and a minimal processing fee. Kotak Mahindra Bank maintains transparency in our terms and conditions and you can even check the full list of applicable charges.
Getting a good deal with an attractive interest rate is extremely important when borrowing a loan against property. Your interest rate directly impacts the total repayment amount. There are various factors that influence mortgage interest rates:
Your credit score is a crucial factor in many ways. A good credit score improves your creditworthiness while a bad one puts you in a tricky position with lenders. So, before applying for a mortgage loan, check your credit score. If it is not up to the mark, then you can first focus on improving it. You can start with regular and timely bill payments and credit card repayments. Make sure you don’t default any ongoing EMIs. This will create a favorable credit history for your loan to get approved.
The property raised in collateral is an extremely important aspect of your loan deal and a determinant of your mortgage loan interest. The property location, age, and status are considered to evaluate the resale value of the property. Apart from these, the facilities available within and outside the premises are also looked into. With an overall high property value, you could avail of a lower interest rate.
The interest rate also depends on your loan tenure. However, remember that a shorter loan tenure will increase the EMI amount. Paying a higher EMI amount may not always be feasible. So, choose a repayment tenure that works for you and accordingly, a rate of interest will be set.
Financial record of the applicant builds a financial profile that impacts your creditworthiness in many ways. Your income and debt-to-income ratio, along with other financial habits are also taken into account. Lesser the burden of debt, the better your rate of interest.
Kotak Mahindra Bank provides one of the lowest mortgage interest rates. The interest rate mainly depends on the nature of employment. For salaried individuals/ self-employed borrowers, the loan against property interest rate starts from 9.25%.
Yes. The type of property against which you are taking a loan does affect the rate of interest. For example, a residential property offers a better mortgage loan interest rate than a commercial property. Even in the case of residential property, the interest rates vary. A property situated in a prime location with better amenities has a lower interest rate.
When it comes to the amount of mortgage loan you can borrow, Kotak Mahindra Bank offers one of the most flexible amount disbursals. You can avail of a loan from Rs. 10 lakh to Rs. 10crores, which you can repay within the tenure of your choice. Kotak Mahindra Bank also offers attractive interest rates.
You may enjoy tax benefits by claiming business expenses under section 37(1) of the income tax act. If the funds are utilized to buy another property then tax benefits can be enjoyed under 24(B). However, no tax benefit is applicable if the funds are utilized for personal needs or to transform the mortgaged property.
Kotak Mahindra Bank offers attractive mortgage loan interest rates. For salaried individuals, / self-employed borrowers the loan against property rate of interest starts from 9.15% per annum. These are among the lowest interest rates in India.
You can always return to our website and find the recent numbers and updates.
A mortgage loan interest rate is a charge levied by the bank or the lender upon the borrower. It is a percentage of the total loan amount disbursed and is usually charged on an annual basis. The interest rate can affect the EMI that you have to pay. A lower interest rate helps in reducing the financial burden.