Home Loan Features - Kotak Mahindra Bank

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Calculate EMI

Find out how much your home loan installment might be, using our EMI calculator. .

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Get in touch with our Home Loan Expert to get your queries answered.

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One step close to your home loan

We understand how special it feels to place the first step into your own new home. It’s exactly why Kotak Mahindra Bank provides you a bouquet of customised home loan plans to choose from, for a seamless and pleasurable home-buying experience.

Zero Processing Fee*

Save on processing fees on your online application for home loan.

Doorstep Service

No more running around to get your home loan processed

Documentation made easy

Let home loan documentation not give you any more headaches

Home Loan Insurance

Insurance options to cover your home loans, at attractive premium

Attractive Interest Rates

Competitive interest rates to make home loans affordable

Quick processing

Because we understand how eager you are to get your home loan quickly

How does a Home Loan work?
Home loans are a breather for millennials today. Being funded with 75% to 80% of the property cost by Kotak, it becomes easy for any housing loan borrower to go one step closer towards his/her dream home, without bearing a humungous expense at one go!The loan is usually paid back in equated monthly instalments and the amount payable per EMI usually depends on the tenure of the loan, the interest rate, the amount of the loan etc.However, we at Kotak Bank understand that buying a house is not only a sought-after 'next step' for you, but also a valuable investment. So, principally, we intend to simplify the entire process and make it seamless, hassle-free and memorable. Kotak provides housing loans at attractive interest rates, along with extending to you an insurance policy.

What are the processing fees for a Home Loan?
At Kotak, we ensure that the home loan processing fees are charged at a minimal amount. Find out more about the detailed fees and charges associated with Kotak Home Loans.

How do you calculate the EMI for your Home Loan?
The amount of EMI payable depends on the amount of your home loan, the interest rate and the tenure you are looking at. We have devised an EMI calculator to ease this process. Get hands on with our easy-to-use Home Loan EMI Calculator and calculate your monthly instalments.

Are you eligible for a Home Loan?
There are some factors which determine whether you are eligible to apply for a housing loan or not. These include your monthly income, the source of your income, your qualification, work and credit history, age and number of dependents, and your future plans. Check out thehousing loan eligibility criteria for availing Kotak Home Loans.

What are the documents that you need for a Home Loan?
We aim to simplify the process of getting a housing loan as much as possible, and hence the documents required to apply for our home loan are minimum. Along with your Home Loan application form, you’d need to provide your address proof, age proof and identity proof documents, banking details and proof of your education qualifications. You can view the complete instructional details of home loan documentation to know more.

What is the process of getting a Home Loan?
Applying for a home loan from Kotak is simple. Just fill out your personal details in the form that appears after clicking on the Apply Now button. Get a quote and apply online.
Now you can get a quick home loan sanction within 24 hours*. Kotak offers in principle approval of your housing loan through a paperless process by using your income tax credentials.
In a nutshell, Kotak provides you with an affordable Housing Loan right at your doorstep! It is quick, hassle free and comes with a convenient loan disbursement process. It’s time to raise the notch, with Kotak today!

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 Section (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.
Find out moreabout PMAY Scheme

Get Swift Approvals for Home Loan in Metro Cities

Avail quality service and housing loan instantly in the top commercial and metropolitan cities of India and buy the house you have always dreamt of. Kotak Mahindra Bank is well connected across major metropolitan cities and is happy to help you whenever and wherever required!

Looking for instant home loan in top commercial cities of India? We are here to help you.

Have specific doubts? Talk to our Home Loan Advisor

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Frequently Asked Questions

What is the maximum amount I can borrow for a home loan?

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.

However in case of Commercial Loans against Property or Loans against an existing property you can borrow up to 60% of the cost of the property. The Home Loan Balance Transfer Amount shall, however, be restricted to the Outstanding Balance of Loan with the existing financer.