Kotak Home Loan for Self-Employed

Running your own business or practice comes with the freedom and power to shape your future on your own terms. With Kotak Mahindra Bank, that future can include your dream home too.

With our Home Loan offering for self-employed individuals, funding of up to ₹40 Crores is available at affordable interest rates starting at 8.65% p.a., with flexible repayment terms that work for you.

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Why Choose Kotak Home Loan for Self Employed Individuals?

We aim to make home financing simple, customisable and transparent from start to finish. When you apply for a Kotak Home Loan, you get:

Funding of up to ₹40 Crores with interest rate starting at 8.65%p.a.

Flexible repayment tenure of up to 25 years

Option to add a co-applicant to enhance eligibility

A fully digital application process with real-time tracking

Minimal documentation

Option to choose between fixed or floating interest rates

Balance transfer facility

Why Choose Kotak Home Loan for Self Employed Individuals?

We aim to make home financing simple, customisable and transparent from start to finish. When you apply for a Kotak Home Loan, you get:

Funding of up to ₹40 Crores
Competitive interest rates starting at 8.65% p.a.
Flexible repayment tenure of up to 25 years
Option to add a co-applicant to enhance eligibility
A fully digital application process with real-time tracking
Minimal documentation
Option to choose between fixed or floating interest rates
Balance transfer facility

Home Loan Interest Rate for Self-Employed

Kotak Home Loan interest rates start at 8.65% p.a. and your specific rate is offered after reviewing your financial profile. You can choose between fixed and floating interest rate options, depending on your preference.

Check the latest Kotak Home Loan interest rates here

Home Loan Application for Self Employed – A 3-Step Process

Here is a step-by-step to apply for a Home Loan online with Kotak Mahindra Bank:

Step 1: Fill in Your Details

Click on ‘Apply Now’ and enter your personal, income, and property details to get started.

Step 2: Get a Sanction Letter

After reviewing your profile, the Bank will issue an in-principle sanction letter with your eligible loan amount.

Step 3: Upload Documents

Submit your KYC, income, and property documents online for final verification. Once approved, your loan is disbursed.

Start your Home Loan application today!

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Eligibility Criteria for Kotak Home Loan

Whether you apply as an individual or non-individual, you need to meet these conditions to be eligible for Kotak Home Loan:

Age

Between 18 and 65 years

Net Annual Income

₹2,40,000 in Delhi, Mumbai, Bangalore, Pune, Hyderabad and Chennai
₹1,80,000 for other cities

Note: For HUF, the Karta should either be the applicant or co-applicant in the Home Loan application.

Documents Required to Avail a Kotak Home Loan for Self-Employed

When you apply for a Kotak Home Loan, the eligibility is based on three main things:

Proof of income
Business continuity
Identity verification

In order to support this, you’ll need to submit certain documents as proof. Do note that the list varies slightly depending on whether you’re a self-employed professional (SEP) or applying through a business entity (SENP). Here’s an overview:

Document Type	Self-Employed Professionals (SEP)	Self-Employed Non- Professional (SENP) / Co. / HUF/ Partnership Firm / LLP
Bank Statements	Last 12 months bank statement	Last 6 months bank statement
Age Proof	Passport / Driving License / PAN / Voter ID / Birth Certificate	Passport / Driving License / PAN / Voter ID / Birth Certificate
Income Proof	Last 3 years ITR with computation of income	Last 3 years ITR + P&L & balance sheet (CA certified)
Business/Profession Proof	Professional qualification or business proof	Partnership deed / registration certificate
Other Proof	Degree certificate	Business registration with tax authorities

Note: Besides these, you are also required to submit all property documents.

Home Loan Fees and Charges That You Should Know

Here is a brief overview of the fees and charges that apply when you take a Home Loan from Kotak Mahindra Bank.

Fee Type	Details
Processing Fee	Up to 2% of the loan amount (plus taxes and applicable statutory dues)
Login Fee	₹5,000 (plus taxes and applicable statutory dues); non-refundable
Adjustment Clause	Login fee is adjusted against the total processing fee before loan disbursement
Part Payment/Early Closure Charges	Varies based on the type of loan

View the full list of Home Loan fees and charges here

Home Loan EMI Calculation for Self-Employed Applicants

You can use this Home Loan EMI Calculator to estimate your monthly instalments as per the desired loan amount, expected interest rate, and the preferred tenure. It’s a simple way for you to plan EMIs that align with your income pattern before applying for a Home Loan.

Ways to Improve Your Home Loan Eligibility

A strong and well-documented financial profile can make the Home Loan approval process faster. Here’s how to put your best foot forward:

Maintain consistent ITRs: You should file your income tax returns on time and have the last three years’ ITR handy.
Maintain a good credit score: A score of 750 or above is considered good.
Reduce existing debt: Outstanding loans or credit card balances can affect your repayment capacity.
Keep business records up-to-date: Keep all registrations, licences and financial statements properly organised.
Consider a larger down payment: Higher contributions upfront are often seen as a sign of financial stability.
Add a co-applicant: Co-applicants with stable income strengthen the overall loan profile.

How to Manage Home Loan EMIs as a Self-Employed Individual

As a self-employed borrower, you can follow a few simple tips to stay on top of your EMIs without stress.

Create an EMI buffer: Keep 3–6 months of EMI amount aside for low-income periods. This reserve can help you stay regular on payments even during seasonal or business slowdowns.
Choose tenure wisely: A longer tenure lowers monthly EMIs and gives breathing room. You can always prepay later when income improves without straining your current finances.
Sync your EMI date: Align repayments with your cash flow cycle whenever possible. This avoids liquidity crunches and ensures your EMI gets paid on time every month.
Limit other loans: Fewer financial obligations make EMI management easier. Keeping your fixed monthly outgo low improves both eligibility and repayment capacity.
Use a Home Loan EMI Calculator: Estimate your monthly outflow and plan your finances better. It helps you choose the right loan amount and tenure based on your real income situation.