When a customer borrows an amount from a bank to purchase their desired house, the amount borrowed is the home loan for the house. You can avail a home loan to purchase either a personal or commercial property.
Nowadays, home loans provide respite to millennials looking to buy their own homes. Kotak Home Loan funds 75%- 80% of the cost of the property. Consequently, it helps the borrower move a step closer towards their dream home, unaccompanied by the burden of a colossal expense at once. Moreover, EMIs lessen the burden of paying back a huge sum all at once.
The following are the different types of home loans:
At Kotak, we ensure that the home loan fees & charges are minimal. Discover more regarding the comprehensive structure of fees and charges corresponding to Kotak Home Loans.
The EMI to be paid is subject to:
We at Kotak have formulated an EMI calculator to make this process easy. You can calculate the monthly installments with our easy-to-use Home Loan EMI Calculator.
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.
You can avail a Personal Loan from Kotak with the same documentation to meet unexpected expenses.
To ensure timely Home Loan repayments and ensure extended benefits, open a Savings Account from Kotak.
If you are looking for renovating your home, you can do so by taking Kotak’s Home Improvement Loans
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.
