Home Loan Interest Rates
Home Loan Interest Rates
Take a step closer to buying your dream house with our attractive home loan interest rates

A home loan interest rate is the rate of interest, customarily a percentage exacted on the total home loan amount over a stipulated period. At Kotak Mahindra Bank, we provide home loans starting from 7%. Our rates are among the lowest home loan interest rates offered in India.
The home loan interest rate is a major factor to consider when paying monthly installments on a home loan. The advantage of a floating home loan interest rate is that when the interest rate falls, so does the home loan interest rate, and subsequently, the home loan EMI. The interest rates applicable on the home loans furnished by KMBL are listed here.
Home loan interest rates offered for salaried persons are listed in the table below to assist you in planning your home loan EMIs.
Loan amount | Effective Rate Of Interest |
---|---|
Any loan amount |
7.00% - 7.50% |
Home loan interest rates offered for self-employed persons are listed in the table below to assist you in computing the EMIs for your home loan.
Loan amount | Effective Rate Of Interest |
---|---|
Any loan amount |
7.05%-7.60% |
Home loan interest rates offered by Kotak Mahindra Bank start from 7% when you choose the home loan balance transfer.
Type | Loan amount | Effective Rate Of Interest |
---|---|---|
Salaried |
Any loan amount |
7.00% onwards |
Self-employed |
Any loan amount |
7.00% onwards |
*Terms & Conditions Apply
*The Kotak Home Loans have a very transparent and systematic process for availing of loans. Examine your Home Loan Eligibility, check the documents required for the home loan, and the charges associated with the processing of your loan.
A fixed home loan interest rate implies that the interest rate for the loan duration will be fixed. Whereas under the floating home loan interest rate, the interest rate may vary during the loan tenure. If the customer avails EMI option under the fixed home loan interest rate, the EMI amount will remain fixed. But under floating home loan interest rates, as the interest rate falls, so does the amount of EMI.
I had a great experience. I want to appreciate the Home Loan RM & branch for the customer centricity & follow ups to keep the things moving.
Reviewed on 04/11/2022
It was good experience. I preferred Kotak bank over other banks due to lower rate of interest and my existing relationship with Kotak Bank.
Reviewed on 04/11/2022
Process of getting Kotak Home Loan was smooth. Would recommend one to choose Kotak Home Loans. Also, RM, Branch team were of great support.
Reviewed on 04/11/2022
Extremely satisfied with the services provided. I really appreciate Kotak Bank & the team for their efforts in helping me buy my first home.
Reviewed on 04/11/2022
Clicking on ‘Apply Now’ will redirect you to a third party website.
Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to,
Major factors affect the home loan interest rates.
You can reduce your home loan interest rate through the following approaches:
As a borrower, you should avail of the fixed interest rate home loan if the interest rate is low and your loan tenure is longer.
Home Loan EMI calculator assists borrowers in determining the monthly amount they have to pay to settle their Home Loan. You input required loan amount, the rate of interest, and the loan tenure in the home loan EMI calculator. The calculator will then show you the total interest payout and the EMI estimate.
Home loan interest rates are linked to external benchmark - Central bank’s Repo rate being one such benchmark. Banks add spread to the external benchmark to derive home loan interest rate.
Clicking on ‘Proceed’ will redirect you to a third party website.
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.
* Rs. 5,000 Flat processing fee applicable for women applicants.
Clicking on ‘Apply Now’ will redirect you to a third party website.
Clicking on ‘Apply Now’ will redirect you to a third party website.
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
Latest Comments
Leave a Comment
Comment sent to Admin for review.
Comment was not posted due to some error
Close