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Apply for Home Loan - Kotak Bank

Own Your Dream Home. Apply for Kotak Home Loan today.

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The Do’s and Don'ts while applying for a Home Loan


  • ✔ Investigate the details of the Home Loan as well as the property you are looking to acquire.
  • ✔ Be mindful of unexpected expenses and plan appropriately.
  • ✔ Make a point of keeping all the paperwork close at hand.
  • ✔ Before qualifying for a house loan, you should work on improving your credit.


  • ╳ Applying for a house loan on different aggregator sites may lower your chances of approval.
  • ╳ Carrying too many loans while applying for a house loan may jeopardise your creditworthiness.
  • ╳ Do not overspend on a credit card or postpone loan repayments since they will have a negative impact on your credit rating.
  • ╳ Do not take out a home loan that you will find challenging to repay.

Home Loan EMI Calculator

Make an informed decision with Kotak Bank’s Home Loan EMI Calculator. A user-friendly tool, it helps you with crucial details like home loan amount, home loan interest rates, home loan tenure and a lot more.

Home Loan Interest Rate

Interest rate is important when you apply for home loans in India. Your home loan interest rate can affect the overall EMI that you have to pay. So, it is advisable to keep it in mind whenever you are applying for a housing loan. With Kotak’s house loan you can get an attractive interest rate starting at 8.70%. Here’s more:


Customer Type Effective Rate Of Interest

Floating Category (Repo Rate: 6.50%)

For Salaried

8.70% onwards

For Self-employed

8.75% onwards


To know what interest rate you have to pay on your home loan, you can refer to our home loan EMI calculator.

Home Loan Eligibility


Before applying for a home loan, make sure you check your home loan eligibility. Once you fit the house loan criteria, it is easier for you to avail of a home loan. Kotak Mahindra Bank has a simple house loan requirement for its borrowers. Take a look.




18-60 years

18-65 years

Minimum Income

Residents of Delhi, Chennai, Bangalore, Mumbai, Pune: Rs. 20,000/month

Other cities: Rs. 15,000

Residents of Delhi, Chennai, Bangalore, Mumbai, Pune: Rs.240000/- p.a.

Other cities: Rs.180000/- p.a. 

Minimum Qualification

Bachelor’s Degree



For best home loan, apply online via Kotak Bank’s website.


Home Loan Documents

Documentation is an important aspect when it comes to a home loan. A simple and minimal home loan documentation process at Kotak Mahindra Bank branch makes it convenient for customers to apply for a home loan. Take a look at the document list for a home loan in India:

  • Identity Proof
  • Income Proof
  • Age Proof: PAN Card, Voter ID, Aadhaar Card*, Passport, Driving Licence
  • Address Proof: Aadhaar Card, Passport, Voter ID, Driving Licence
  • Banking information
  • Relationship Proof
  • Proof of educational qualification

Apply Now for a Home Loan

Frequently Asked Questions

What is a Home Loan?

A home loan or a housing Finance is a secured loan that provides you with finance to buy your dream home. The home loan interest rate depends on your profile and depending upon your eligibility you can get a loan as high as 90%* of the property value. You can check your eligibility online or offline by visiting your nearest Kotak Mahindra Bank branch

How does a Home Loan work?

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. 

You can switch from one type of interest rate to another. You can achieve this by paying switch charges levied by the lender.

Will I get tax benefits if I apply for home loan?

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.

What are the different types of home loans?

Home loan comes in various types. Here are a few of them:

  • Home Loan for Property Purchase: You can buy personal or commercial property with this type of home loan.
  • Home Loan to Buy Land and Self-construction of Property: This type of home loan can be availed when you desire to construct a property on a piece of land on your own.
  • Home Renovation Loan: Use the borrowed money to renovate your house.
  • Home Loan Balance Transfer: You can transfer your current home loan to a different bank for better loan terms.

Find more information about how to get a home loan on Kotak Mahindra Bank’s website.

What are the processing fees for a Home Loan?

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.

Are you eligible for 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:

  • Monthly income
  • Type of work
  • Qualification
  • Credit history
  • Age
  • Source of income
  • Number of dependents
  • Future plans

How do you calculate the EMI for your Home Loan?

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.

What are the documents that you need for a Home Loan?

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.

What is the Eligibility Criteria to avail Home Loan?

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:

  • Age: 18 to 60 years for the salaried applicant and 18 to 65 years for self-employed applicant
  • Minimum qualification: A Bachelor’s Degree is a must for an applicant employed in a private sector firm
  • Credit Score: Minimum 750
  • Minimum income: Rs. 20,000 for residents of Delhi, Bangalore, Pune, Chennai, and Mumbai and Rs. 15,000 for other cities

My Home Loan is Closed/Foreclosed, when shall I get my property documents?

  • A foreclosure letter shall be issued post receipt of request from the borrower(s) to foreclose the loan account.
  • The closure of loan shall be initiated post realisation of the foreclosure amount as per the foreclosure letter issued or on maturity of the loan as the case may be, subject to no overdue as on the day of receipt of final payment.
  • The original property documents shall be handed over to the borrower(s) within 30 days from the date of receipt of foreclosure amount in the respective loan account, subject to no cross defaults / cross collaterals within the bank.
  • Borrower(s) shall intimate the bank on clearance of cross default / cross collateral, if any, and place fresh request for release of property documents.
  • Post closure of the loan, the borrower shall collect the original property documents from the Bank branch / outlet where the loan account was serviced or any other branches/outlets of the Bank as per the borrower(s) preference communicated to the customer service of the bank.
  • In case the mortgage is registered at the Sub-Registered office, the borrower shall provide prior information of the date of appointment with the Sub-Registrar office for release of charge. On the date of appointment, the bank shall arrange for Authorised Bank official or representative to be present at the Sub-Registrar office for removal of charge.

What is the Procedure for handover of original title deeds of mortgaged immovable properties to the legal heirs of deceased borrower/co-borrower/mortgagor?

Know the detailed overview of the process here

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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.

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