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.
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.
You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents & deposit of original property documents is required to be completed prior to disbursement.
You Can avail a home loan with Kotak Mahindra Bank, by applying online or visiting our nearby branch.
Online Process:
Our representative will get in touch with you for processing your online application.
NIL.
For HL Top up:
Micro & Small Enterprises - NIL
Floating rate Term Loans for Individuals for Personal Purpose - NIL
Others : No prepayment / foreclosure is allowed until a Lock-in Period of 6 months after EMI Commencement.
Others : No prepayment / foreclosure is allowed until a Lock-in Period of 6 months after EMI Commencement.
Post this lock– in period, part prepayment of minimum INR 25,000 and maximum of up to 25% of outstanding Loan Amount can be made without any prepayment charges every 6 months.
The minimum period between any two prepayment shall be at least 6 months.
For any Part Prepayment in excess of 25%, 4% (plus GST and statutory dues) of the excess prepayment Amount shall be charged as Prepayment Charges.
For Full Prepayment any time after the Lock-in-Period, Prepayment charges shall be 4% (plus GST and other applicable taxes) of the Foreclosure Loan Amount plus Amounts prepaid during the last 12 months.
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
Latest Comments
Leave a Comment
Comment sent to Admin for review.
Comment was not posted due to some error
Close