Home Loans
starting at 8.3% p.a.
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.
Your home loan eligibility depends on your monthly income, qualification, type of work and credit history, age and number of dependents, source of income, and your future plans.
At Kotak Mahindra Bank, we intend to make getting a housing loan simpler. Hence, the documents necessary for the Kotak Home Loan application are minimum. You can go through the complete instructive information of home loan documentation to learn more about it.
The Home Loan application process at Kotak is easy. After clicking on the ‘Apply Now’ button, all you need to do is enter your personal information in the form on the screen. After that, you will receive a quote and can apply for the loan online. Another benefit of the Kotak Home Loan is that you can get the home loan in principally sanctioned[AS(BK1] swiftly within 24 hours*. In-principle approval of your home loan online is done via your income tax credentials. In essence, Kotak provides an inexpensive Housing Loan right at your threshold! It is swift, convenient, and comes along with an appropriate loan disbursement process. It’s time to raise the bar with Kotak today!
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
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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.
