Own Your Home in Chennai with Kotak Bank Home Loans

Chennai is among the best Indian cities to live in, thanks to its consistent development and increasing work opportunities. A home loan in Chennai can make it easy to buy a home in this beautiful city. Kotak Mahindra Bank provides a housing loan in Chennai with the best of deals.

Features and Benefits of Availing a Home Loan in Chennai

Before borrowing a housing loan in Chennai, it’s crucial to understand the important features of the deal. Kotak Mahindra Bank offers you a plethora of benefits on a home loan in Chennai:

  • Minimal processing fees on online applications
  • Attractive interest rates
  • Easy-to-apply
  • Extended home loan tenures up to 20 years
  • Minimal documentation
  • Fast loan approvals
  • Quick loan disbursement
  • No hidden charges or conditions
  • Insurance plan with attractive premium
  • Courteous door-step services
  • Pradhan Mantri Awas Yojana (PMAY) compliant

You can easily fulfill your dream of buying your own home in Chennai with these features of Kotak Mahindra Bank’s Home Loan in Chennai.

Home Loan Interest Rates in Chennai

A home loan in Chennai from Kotak Mahindra Bank comes with attractive interest rates. That helps in reducing your overall home loan EMI and makes your housing loan in Chennai an affordable one. The interest rate varies from applicant to applicant, depending on the nature of the applicant’s employment. Take a look:

Type of Loan Nature of Employment Interest Rate

Home Loan

Salaried Applicants

7.55 % to 8.50 % p.a.

Self-employed Applicants

8.05 % to 8.60 % p.a.

Home Loan Balance Transfer

Salaried Applicants

8.00 % onwards

Self-employed Applicants



For best home loan deals in Chennai, apply for a Home Loan from Kotak Mahindra Bank.

Eligibility Criteria for a Home Loan in Chennai

You can easily avail of a home loan in Chennai when you suit the lending bank’s eligibility criteria. Kotak Mahindra Bank’s housing loan in Chennai has these requirements:

Individual applicants:

  • Age

- For salaried applicants: 18 to 60 years

- For self-employed applicants: 18 to 65 years

  • Income

- For both salaried and self-employed applicants minimum gross income requirement is Rs. 20,000 per month

  • Education

- In case of applicants employed with private and partnership firms graduation is the minimum educational qualification required

- In case of applicants employed with public limited companies or MNC or government service there is no such requirement

Partnership Firm/LLP/Indian Company/Hindu Undivided Family

  • Minimum net income: Rs. 240,000 per annum
  • Should have existed for minimum 3 years

Documents Required for Getting a Home Loan in Chennai

Kotak Mahindra Bank has a simple documentation process for a home loan in Chennai. Here’s what you need to submit to borrow a housing loan in Chennai:

  • Residence proof (all applicants with relationship proof)
  • PAN Card copy (all applicants with relationship proof)
  • Aadhaar Card copy (all applicants with relationship proof)
  • One passport size photograph
  • Salary slip of 3 months
  • Form 16 or ITR of the last 3 years (2 years in case of Kotak Mahindra Bank Employee)
  • Bank statement of last 6 months (12 months in case of self-employed applicant)
  • Details of the existing loan (if any)
  • All property documents (chain) with sanction map
  • Proof of existence of partnership firm/ company/ HUF/ LLP in case of self-employed applicant

How to Apply for a Home Loan Online in Chennai?

Kotak Mahindra Bank’s application process to get a home loan in Chennai is easy. A housing loan in Chennai can also be availed via an online application. Here’s how:

  • Visit Kotak Mahindra Bank website
  • Navigate to Home Loan page
  • Click ‘Apply Now’
  • Fill the Online Application Form when you are taken to the page
  • Then click ‘Submit’
  • If you have provided all the necessary details, an executive will contact you for next steps.

Apply for a home loan in Chennai, now.

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.