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Kotak Mahindra Bank provides you home loans accompanied by highly customised facilities and services for a seamless and pleasurable home-buying experience.
Attractive interest rates
Convenient loan disbursement process
Insurance options to cover your home loans at attractive premium
Quicker turnaround time
Pradhan Mantri Awas Yojana(PMAY) :
The Credit-Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) was announced by Prime Minister Narendra Modi and envisages the vision of ‘housing for all’ by the year 2022. Kotak Mahindra Bank offers CLSS under PMAY, which provides interest subsidy on housing loans to eligible beneficiaries from the Economically Weaker Sections (EWS) / Low-Income Group (LIG) and middle-income group (MIG) segment. The subsidy can be availed for constructing or purchasing a house, as per the eligibility criteria prescribed under the scheme. Read More..
Check your eligibility at Home Loan Eligibility
Calculate your EMI using Home Loan EMI Calculator
Disclaimers: 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.
Home loan sanction in 4 hours* for Salaried customers from Kotak Mahindra Bank
The eligibility of a customer depends on various parameters, such as:
Terms and conditions
* In order to receive a sanction letter, customers have to provide all necessary documents (hardcopies) to their relationship managers
* To receive the sanction letter on the same day, all documents should be provided before 3 PM on a working day.
If you are a salaried customer, you can apply for the Kotak Superfast Home Loan online or by visiting any of our nearest branches.
Only salaried customers who are resident Indians are eligible.
NRI customers are not eligible for the Kotak Superfast Home Loan. However, they are eligible for Kotak’s regular home loans.
Your co-applicant should be either salaried or not working to be eligible for the Kotak Superfast Home Loan.
Home Loan Eligibility depends on following factors.
Check your Eligibility with Kotak Mahindra Bank in 1 minute using Home Loan Eligibility Calculator.
Also check your EMI at Home Loan EMI calculator
|Loan Processing Charges||Upto 1.25% of Loan amount|
|Documentation Charges||0.5% of the Loan amount|
|Stamping Charges||Applicable as per the respective State's Stamp Act|
|Credit Administration Charges||-|
|Credit Appraisal Charges||-|
|Commitment Charges||2% on loan sanctioned less amount disbursed|
|Overdue Interest||2% of Overdue Amount, compounded monthly|
|Collection Charges||30% of penal and cheque bouncing charges|
|Dishonour Charges Per Instance||Rs. 750.00|
|Swap Charges( Replacement of PDCs)||Upto Rs. 500 per Swap per Instance|
|Prepayment Interest / Forclosure Charges||For Individual Floating Rate Home Loans we allow full prepayment of the loan anytime (after the full disbursement of the loan) with NIL charges. For Mortgage Loans (Other than Individual Floating Rate Home Loans) we do not allow full prepayment for a period of 6 months from the date of your first EMI. 4% of Principal Outstanding +4% on amount prepaid in last 12 months|
|Duplicate Issue of NOC||Rs. 500/-|
|Solvency Certificate||Rs. 10000/-|
|No Due Certificate||NIL|
|Charges for furnishing a copy of the credit information report (CIBIL) to the applicant.||Rs. 50/-|
|Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)||Once yearly without any charge. Post that Rs. 250 per request.|
|APAC Reschedulement||1% of outstanding loan amount|
|Part Foreclosure Charge||NIL for pure Individual Floating Rate home loans. Upto 25% of outstanding with a gap of 6 month without charges, exceeding that 4% of Principal Outstanding for other products|
|Payment Processing Charge||-|
|Valuation Charges for Used/RF Vehicles||-|
|Credit Adminstration Charges||-|
|Duplicate Foreclosure Statement Charges||-|
|NOC for National Permit||-|
|NOC for State Permit||-|
|NOC for Change in Body Type||-|
|Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)||0.5% of the Loan Amount Outstanding or Rs. 10000/- per event of Property Whichever is higher|
|Change in Installment Due Date||Rs. 5000/- + broken period interest (if any) Or 0.5% of the Loan Amount + broken period interest (if any) Whichever is less|
|Change in Property / Asset / Collateral||0.5% of the Loan Amount Outstanding or Rs. 10000/- per event of Property Whichever is higher|
|Copy of Any Property/Loan Document||-|
|Asset Verification Charges - Immovable Assets||-|
|Legal / Incidental Charges*||-|
|NOC to Convert From Private to Commercial Registration||-|
|NOC to Convert From Commercial to Private Registration||-|
|Re-issuance of Pay Order||Rs. 100/- per instance|
|Non Compliance with Sanction Terms and Conditions||-|
|End-use Certificate Delays||-|
|Net Worth Statements Delays||-|
|*Taxes as applicable|
|"Blank / -" denotes that these charges are not applicable to the concerned business division|
Apart from the application form, you will be required to submit the following documents.
|Income proof and banking details||Age proof and address proof|
|Identity proof and Signature Proof||Proof of educational qualifications|
Use our easy to access Home Loan EMI calculator to help you plan for your dream faster and more efficiently.
Check your eligibility at Home Loan Eligibility
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.
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.
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.
|Location||Sub-location||Dept||Full Address (with PIN Code)||Contact Person||Contact No.|
|Mumbai||Kalina||Home Finance||5th Floor, Vinay Bhavya Complex, 159 A, CST Road, Kalina, Santacruz E, Mumbai - 400098||Kapil Singh||9833223737|
|Mumbai||Borivali||Home Finance||1st Floor, Soni Shopping Centre, L.T. Road, Borivali (W), MUMBAI - 400092||Aashish Shinde||9920755101|
|Mumbai||Mulund||Home Finance||105-106, 1st Floor, Vikas Paradise, LBS Marg, Mulund(W), MUMBAI - 400080||Archana Sand||9619867212|
|Delhi||Delhi||Home Finance||2nd & 3rd Floors, 6, Vaishali Enclave, Pitam Pura, Adjacent to Gulab Sweets, New Delhi - 110088||Harmeet Basant||8447752755|
|Gurgaon||Gurgaon||Home Finance||JMD Regent Square Mehrauli-Gurgaon Road, Gurgaon - 122002||Rakesh M Kumar||9899035907|
|Bangalore||Bangalore||Home Finance||3rd Flr, Umiya Landmark, Lavelle Road, Bangalore -560001||Bhudev Nanda||9739002065|
|Pune||Pune||Home Finance||8th Floor, Sohrab Hall, 21, Sassoon Road, Behind Railway Station, Pune - 411001||Kunal Pradhan||7767802576|
|Hyderabad||Hyderabad||Home Finance||Jewel Pawani Tower, 2nd Floor, W Block, 6-3-1109/1/P/302,Raj Bhavan Road, Somajiguda, Hyderabad - 500082||Giri Babu||9885522999|
|Chennai||Chennai||Home Finance||8th Floor, TVH Agnito Park, 141 ,Old Mahabalipuram Road, Kandanchavadi,, Chennai - 600096||Prakash K||9962000400|
|Coimbatore||Coimbatore||Home Finance||1054/33, Goutham Centre Annexe, 2nd Floor, Avinashi Road, Coimbatore - 641018||Swaminathan Selvan||9176677803|
|Cochin||Cochin||Home Finance||40, 9702 UA, Kanaka Damodar Building, Veekshnam Road, Off MG Road, Ernakulam - 682035||Ajay Menon||8589054679|
|Vijaywada||Vijaywada||Home Finance||40-1-48/1, M G Road, Labbipet, Vijaywada - 520010||Prabhu Kumar Addanki||9885332313|
|Jaipur||Jaipur||Home Finance||Ground Floor, SDC Tower, B 26, Govind Marg, Raja Park, Jaipur - 302004||Madhur Ojha||9672915886|
|Chandigarh||Chandigarh||Home Finance||SCO 831 NAC Market Manimajra, Chandigarh-160101||Manish Rathore||8558848187|
|Indore||Indore||Home Finance||5th Floor, Metro Tower, Near Vijay Nagar, Indore (M.P.) - 452010||Rajesh Bhatt||8370019482|
|Raipur||Raipur||Home Finance||Dhand Compound, Behind Police Head Quarter, Civil Lines, Raipur - 492001||Nikhil Khiyani||9575711118|
|Nagpur||Nagpur||Home Finance||1st Floor, Plot No.8, WHC Road, Shankar Nagar, Dharampeth, Nagpur - 440010||Pankaj Kale||9881120205|
|Nasik||Nasik||Home Finance||Payas Thatte Nagar, Near Croma Showroom, College -Gangapur road, Link Road, Nasik - 422005||Anshuman Bakshi||7767006476|
|Ahmedabad||Ahmedabad||Home Finance||Unit No. 425-426, 4th Floor, Siddhivinayak, Shivaranjani Chaar Raasta, Satellite, Ahmedabad - 380015||Ketan Sheth||9825140410|
|Surat||Surat||Home Finance||K.G. Point, Ghod Dod Road, Near Ganga Palace, Surat - 395007||Sachin Shaktinandan||9099091235|
|Rajkot||Rajkot||Home Finance||Upper Ground Floor, Shri Nath Complex, Dr. Yagnik Road, Opp. Jilla Panchayat, Race Course Chowk, Rajkot - 360001||Paras Seladiya||9879584686|
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.
Your repayment capacity as determined by Kotak Mahindra Bank will help decide how much you can borrow.
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.
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.
It's never as it looks. Learn about the extra costs that come hidden behind the asterisk mark of 'Terms & Conditions'