Help Center
Locate us
EMI and Interest rates for Home Loan of ₹70 Lakh
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Many home buyers turn to Home Loans for funding their dream purchase. You can consider Kotak Mahindra Bank to take a Home Loan of ₹70 Lakh with competitive Home Loan interest rates and Home Loan EMIs. However, the final EMI amount will depend on your loan amount, interest rate, and repayment tenure. You can select a loan term of up to 25 yea₹Let’s see how it works.
A Home Loan EMI calculator calculates EMIs for various loan terms, based on which you can select a loan tenure with a budget-friendly EMI for your ₹70 Lakh loan. Just enter these three variables to get the desired results: loan amount, interest rate, and repayment tenure. You can adjust the loan term until you find a loan EMI plan suitable to your monthly budget. Use Kotak Mahindra Bank’s Home Loan EMI Calculator now.
Resources to get the best out of your Home Loan and manage your finances prudently
EXPLORE NOWA loan EMI calculator will help calculate the EMI amount based on your loan amount, interest rate, and loan tenure. EMIs for various commonly-selected loan terms are as follows:
| Loan Amount | Interest Rate | Repayment Tenure | EMI Amount |
|---|---|---|---|
₹70 Lakh |
8.75%* |
5 Years |
₹1,44,460 |
₹70 Lakh |
8.75%* |
10 Years |
₹87,728 |
₹70 Lakh |
8.75%* |
15 Years |
₹69,961 |
₹70 Lakh |
8.75%* |
20 Years |
₹61,859 |
₹70 Lakh |
8.75%* |
25 Years |
₹57,550 |
*T&C Apply
Those looking to find out the Home Loan EMI for ₹70 Lakh must fulfil these eligibility requirements based on their profession:
| Eligibility Criteria | For Salaried | For Self-Employed |
|---|---|---|
| Age | 18-60 years | 18-65 years |
| Minimum Gross Income | Monthly salary of ₹20,000 if you live in Delhi, Mumbai, Pune, Chennai, and Bangalore Monthly salary of ₹15,000 if you reside in other cities |
Minimum three years of business experience with a net income of ₹2,40,000 per annum for companies in Delhi, Mumbai, Pune, Chennai, and Bangalore, and ₹1,80,000 per annum for companies in other cities |
| Years of Services | Minimum 2 years | The business should have been existing for a min. of 3 years |
Eligible applicants must provide these documents to complete their application process at the Kotak Mahindra Bank:
Follow these steps to apply for a Home Loan above ₹70 Lakh with Kotak Mahindra Bank:
The structure of your EMI for ₹70 Lakh Home Loan would be as follows for a tenure of 10 years:
| Loan Amount |
₹70 Lakh |
|---|---|
| Interest Rate | 8.75%* |
| Loan Tenure | 10 Years |
| EMI Amount to Pay Each Month |
₹87,728 |
| Total Interest Payable | ₹35,27,447 |
| Total Payable Amount | ₹1,05,27,447 |
*T&C Apply
Use a Home Loan calculator to calculate your ₹70 Lakh Home Loan EMI for a tenure of 20 years. Its repayment structure would be as follows:
| Loan Amount |
₹70 Lakh |
|---|---|
| Interest Rate | 8.75%* |
| Loan Tenure | 20 Years |
| EMI Amount to Pay Each Month |
₹61,859 |
| Total Interest Payable | ₹78,46,340 |
| Total Payable Amount | ₹1,48,46,340 |
*T&C Apply
Do you want to repay your Home Loan in easy EMIs by choosing the maximum loan tenure of 25 years? Know how much it would cost:
| Loan Amount |
₹70 Lakh |
|---|---|
| Interest Rate | 8.75%* |
| Loan Tenure | 25 Years |
| EMI Amount to Pay Each Month |
₹57,550 |
| Total Interest Payable | ₹1,02,65,016 |
| Total Payable Amount | ₹1,72,65,016 |
*T&C Apply
You can claim a tax benefit of up to ₹1.5 Lakh on the principal amount under Section 80C and up to ₹2 Lakh on the interest amount under Section 24B.
Yes, Kotak Mahindra offers a flexible repayment term of up to 25 years. You can use a Home Loan EMI calculator to calculate the housing loan EMI for ₹70 Lakh for various loan terms and choose one that best suits your financial situation.
Yes, you can buy a second home or vacation property with a ₹70 Lakh Home Loan. However, evaluate your finances and repayment capacity to ensure timely repayment.
To qualify for a Home Loan at Kotak Mahindra, you must earn at least ₹20,000 if you live in Delhi, Chennai, Mumbai, Pune, or Bangalore, and ₹15,000 if you live in any other city.
Yes, you can jointly apply for a Home Loan above ₹70 Lakh with a co-applicant having a good credit score.
Learn all about Home Loan
Section 54 of Income Tax Act - Meanings, Purpose And Benefits
FMB Sketch Online: FMB Full Form, Meaning, Benefits & Obtaining Steps Explained
What is CERSAI? Full Form, Login, Charges & Registration Process
HRA (House Rent Allowance): Full Form, Calculation, Examples, Meaning, Formula & Receipt Format
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.
