Are you looking for a Mortgage Loan?
If so, congratulations! You are a few clicks away from getting the right funds at nominal interest rates.
A loan against property (LAP), being a secured loan, attracts a much lower interest rate than an unsecured loan.
However, as with any financial tool, only looking at a mortgage loan from a perspective of what we have to pay would be inaccurate. Simply put, a LAP loan shouldn’t only offer you a reasonable interest rate but also a good value for your property, a flexible tenure for repayment, and minimal processing fees.
At Kotak Mahindra Bank, we don’t just offer a Loan Against Property; we also provide transparency with our platter of other loans.
Here is a list of all the charges that a borrower has to incur when they apply for a loan against property with us.
The interest rate payable on a loan against property depends on your occupation. For salaried borrowers, loan interest rate starts from 7.25% per annum. For self-employed borrowers, however, the interest rate on loan against property starts from 9.25% per annum and goes up to 11.50% per annum.
