KOTAK MAHINDRA BANK
Home Loan Balance Transfer

You can apply for the Kotak Bank Home Loan Balance Transfer through net banking if you are an existing customer of Kotak  Mahindra Bank.

If you are a new customer, you will have to access the official website of the bank and go through the following steps.

• On the home page, choose home loan under the ‘Products Option’.
• Under Home Loan, choose Balance Transfer and click on the ‘apply now button.
• Give basic details like Applicant Type, Residential Status, Income Type, Name, Email ID, Mobile Number.
• Agree to the terms and conditions and click on the continue button.
• Verify the OTP number to go to the next page.
• Details of PAN, Date of birth and city of residence should be given on this page.
• With this, the processing of the application will begin.
• Thereafter you will be contacted by the representative of the bank to take you further with the application process.

Transfer of the outstanding balance in the existing home loan with other lenders other than Kotak  Mahindra Bank primarily to avail the benefit of a lower rate of interest is Kotak Mahindra Bank Home Loan balance transfer.

If you know your CRN, you can log in to net banking and view the outstanding home loan details by clicking on the ‘Instalment Loans’ tab.

If you do not know your CRN, you can get one by sending an SMS to 9971056767 or 5676788 from the registered mobile number and mention CRN. The CRN will be sent instantly.

You can also check the outstanding loan details through Kotak Mobile App by clicking on ‘Loans’ on the home page.

Another way of knowing your home loan outstanding balance is by calling Kotak Bank Customer Care.

The following benefits can be enjoyed by availing of the Kotak Mahindra Bank  Home Loan Balance Transfer.

• Lower rate of interest at 6.60% for salaried individuals and  6.65% for the self-employed
• Customised tenure options with a maximum of 20 years
• EMI options to suit the borrower’s requirements.
• Loan amount up to 80% of the original loan if the quantum is between Rs. 20.00 lakhs to Rs.75.00 lakhs and 75% of the original loan if the quantum is above Rs. 75/- lakhs.
• Top-up loan up to the existing outstanding loan to take of your urgent financial requirements
• Affordable processing charges at 2% to 2.5% of the loan amount
• Nil prepayment charges if the loan is availed at a floating rate.

You can check the status of Kotak Bank Home Loan Balance Transfer step-by-step by accessing the official website of the bank.

• Click on the “Help centre” option at the extreme right of the home page.
• Choose the loan product and click on loan application status.
• You can check the status by providing the application reference number and registered mobile number.

You can also call the Kotak helpline number or visit the nearest Kotak Mahindra Bank branch to check the status of the loan application.