Home Loans
starting at 8.85% p.a.
Home Buying Guide
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Find out the Benefits that Women Borrowers Can Get while Availing a Home Loan
Home loan is a secured loan that provides you with finance to buy a property and the property itself acts as a collateral. Kotak Mahindra Bank provides home loan at lucrative interest rates.
Borrowing a home loan can be a great way to lift off your financial burden. When you avail of a home loan, you have the privilege of repaying the borrowed amount in smaller installments, rather than arranging for a large sum of money at once. That’s why, many home buyers choose to borrow a house loan.
Kotak Home Loan understands how precious your investment is for you, and funds 75 to 80 % of your property cost. The home loan process is simple, convenient and seamless. Lucrative housing loan interest rates and home loan insurance premiums are an important advantage of Kotak Home Loans.
Availing of a home loan is a huge undertaking. That is why the government has introduced several provisions in the Income Tax Act to lessen the home loan burden on the taxpayers. These deductions are on the interest amount, principal amount, stamp duty and registration charges, pre-construction interest and even for the first-time home buyers.
Home loan comes in various types. Here are a few of them:
Find more information about how to get a home loan on Kotak Mahindra Bank’s website.
Kotak Mahindra Bank’s home loan comes with minimal fees and charges. The home loan processing fee is based on the principal amount and tenure. The processing fee also differs depending on the type of employment of the applicant. For a salaried applicant, the processing fee is up to 0.5% while for a self-employed applicant the fee is up to 1%. Visit our website to know more about how to get a home loan.
There are various factors that banks use to decide whether you are eligible for a home loan or not. These factors are:
The EMI amount you have to pay is based on the principal amount of your home loan, the interest rate, and the home loan tenure . You can effectively calculate the monthly installments with our easy-to-use Home Loan EMI Calculator.
Kotak Mahindra Bank has a simple and minimal documentation process, which makes the whole housing loan process hassle-free and easier. To know what kind of home loan documents you are required to submit, visit our official website.
The home loan application process at Kotak is easy. After clicking on the ‘Apply Now’ button, all you need to do is enter your personal information in the form on the screen. After that, you will receive a quote and can apply for the loan online. Another benefit of the Kotak Home Loan is that you can get the home loan in-principal sanctioned within 24 hours*. In-principle approval of your home loan online is done via your income tax credentials. In essence, Kotak provides an inexpensive housing loan right at your doorstep! It is swift, convenient, and comes along with an appropriate loan disbursement process. It’s time to raise the bar with Kotak today!
Buying your own house requires a lot of financial commitment, especially if you want to buy a house in a metro city. However, to get a Kotak home loan, you must meet some eligibility criteria. These are:
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
If you are looking for renovating your home, you can do so by taking Kotak’s Home Improvement Loans
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
Disclaimer (Things you should know):
For loans: 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.
