Help Center
Locate us
Home Renovation Loan
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!
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
The HRA exemption is determined in accordance with the Act, allowing individuals to claim the least of the following:
Home loan processing fees are non-refundable charges that you have to pay at the time of your home loan application.
These are the charges towards the services provided by the lender. Each financial institution has a different processing fee for home loan. Kotak Mahindra Bank charges 0.5 % processing fee for salaried and 1 % for self-employed applicants. This is among the lowest home loan processing fee in India.
In the absence of salary slips, especially for non-salaried individuals, applicants may submit bank statements and complete ITR details as required by the lending bank. So, although salary slips improve your chances to get a home loan, it’s not mandatory
Most home buyers prefer freehold properties for complete ownership. However, those looking for cheaper properties may opt for leasehold.
To verify an MP registry online, visit the MPIGR official website, select the e-stamp verification tab, enter the e-stamp ID, captcha code, and language, and click Search to display the information on the screen.
An EMI (Equated Monthly Instalment) is an essential aspect of your loan journey. It is a monthly payment from the borrower to the creditor, ensuring a systematic repayment process. Use a Housing Loan EMI Calculator for accurate calculations.
Here are the components that shape your EMI:
1. Principal Amount
The initial chunk of your EMI goes towards repaying the loan principal, gradually reducing your outstanding balance.
2. Interest Payment
The interest payment is the cost of borrowing, a crucial component shaping the financial structure of your monthly instalment.
3. Loan Tenure
The duration of your loan, known as the loan tenure, plays a pivotal role in determining the EMI amount.
The ideal loan tenure for your loan plan depends on your monthly budget and repayment capacity.
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.
Here’s how to do it online:
CRR stands for Cash Reserve Ratio, a regulatory measure requiring banks to hold a certain percentage of their deposits as cash.
