KOTAK MAHINDRA BANK
Home Loan

Kotak housing loans are currently being offered at home loan Interest rates. The scheme applies to all loan amounts.

Kotak Mahindra Bank floating rates on Home Loans are as follows: 

*Home Loan interest rates are linked to repo rates

*Repo rate: 6.50%

*Terms & conditions applicable as per lender’s credit policy

*LTV is loan to property value ratio

*Kotak home loan interest rates also vary on individual's cibil score.

Check Best Home Loan Interest Rates starting @7.35% from different banks and NBFCs

Kotak Digi Home Loan

• Online home loan for property purchase or construction.
• A simple 3 step Kotak Mahindra Bank Home Loan process:     
  Fill details, upload documents & apply.
• 100% digital processing
• Minimal documentation
• Doorstep delivery
• Zero Kotak home loan processing fee for those who apply for home loan online.
• Maximum LTV % for 80 -90 %
• Maximum Tenor: up to 20 years

Kotak Home Improvement Loan

• Loan for home improvement, including & not limited to renovation, extension, and repairs.
• Tenor up to 15 years or retirement age, whichever is earlier.
• Can be availed of as a top up on existing home loan, or term loan
• LTV varies as per the product.

Kotak Home Loan Balance Transfer

• Kotak Mahindra bank home loan balance transfer reduces existing interest rate and subsequent EMIs.
• Get option to reduce tenure by paying off principal.
• Kotak special Home Loan applicable on balance transfer loans.
• You can apply online or offline as per your convenience.
• Also, eligible for regular benefits of Kotak Mahindra Housing Loan scheme.
• Max tenor up to 20 years.
• LTV up to 90% of property value.
• Top up available against house equity for any personal needs.

NRI Home Loan

• Kotak Home Loan scheme for NRIs
• Avail of housing finance for purchase or construction of a residential property in India.
• Maximum tenure of 15 years.
• Maximum LTV limit is up to 80% for NRI Home Loan; Up to 60% LTV for Commercial Property NRI Loans.

NRI Home Improvement Loan

• Kotak Home improvement loan scheme for NRIs
• Funding for renovation, furnishing, painting, tiling, flooring, waterproofing, plumbing or any other repair or make over task for existing residential unit in India.
• Tenor of up to 10 years or retirement age (whichever is earlier).
• Kotak Bank Home Loan is capped up to 80% value of home or up to 60% value of commercial property.

Notes:

• Stamp Duty on Loan Agreement, Overdraft Agreement, Guarantor Agreement, Registration Charges etc. varies from State to State.
• Stamping/ Notarisation of RBI and other Affidavits as applicable.
• Charges for other Services would be specified as applicable e.g. Revalidation of Sanction, Change in Property, Reschedulement of Kotak Loan, Change in EMI Date, Solvency Charges etc.
• Taxes/ other statutory levies may be charged to the Borrower if applicable as per Government/ RBI directives.

Additional Info: Looking for How to Pre-close your HDFC Home Loan in India? Check EMI & Apply.

Kotak Mahindra Housing Loan eligibility criteria are straightforward. Follow the list given below:

For resident Indians (individuals):

• Age:
  • Salaried: 18 to 60 years
  • Self employed: 18 to 65 years
• Gross income for resident Indians (individuals):
  • Metro cities: Delhi, Mumbai, Bangalore, Pune & Chennai - Minimum of Rs.20,000 per month
  • Other cities: Minimum of Rs.15,000 per month
• Qualification:
  • For those employed with a private limited company or partnership firm: At least Graduation
  • For those employed with Public limited company or MNC or Government or Public Sector Company: No Restriction

• Legal documentation for proof of identity, address, income, employment/ business continuity and property ownership.
• Good credit score and clean credit history is also desired. You can check cibil score by pan card at MyMoneyMantra.

For Non Resident Indians (individuals):

• Age: Max 58 years at the time of loan maturity
• Income: Applicant's/ Co-applicant's income will be considered for home loan eligibility. If applicant is NRI and co-applicant is resident Indian, clubbing of income is not permitted.

For up to 5 years loan tenure

• Applicant's Min Annual Gross Salary after Currency Conversion:
  • For Gulf Countries: Dirhams 36,000
  • For Merchant Navy: USD 20,000

For loan tenure of above 5 years and up to 15 years

• Applicant's Min Annual Gross Salary after Currency Conversion:
  • For USA/ UK/ Other Countries (except Gulf): USD 42,000
  • For Gulf Countries: Dirhams 48,000
  • For Merchant Navy: USD 26,000

• Salary should be received through Direct Bank Credit (DBC) or Cheque and not by Cash on Weekly/ Fortnightly/ Monthly basis.
• Minimum educational qualification: Graduate
• Should be employed for at least 3 years

When applying for Kotak Home Loan, make sure you have following documents in place:

List of Kotak Mahindra Bank Home Loan documents for resident Indians:

NRI Applicants need to submit Appointment Letter/ Employment Letter/ Contract Copy in addition to above home loan housing documents for Income Proof, Identity Proof, Address Proof, and Age Proof. 

You can also Check Pan Numbers for Home Loan of All Banks Online

You should always calculate tentative EMI load before signing up for a home loan. This helps you make an informed decision according to your repayment capacity. You can use MyMoneyMantra Kotak Home Loan EMI Calculator to evaluate affordable Kotak Home Loan rate. All you need to do is input basic loan details such as loan amount, tenure, and interest rate. As you tap on the calculate button, you get an EMI estimate along with an amortization schedule for your home loan.

Banks set home loan interest rates according to their credit policy and external benchmark rates such as repo rate. Thus if you are applying for a Kotak Mahindra Bank Home Loan, you do not require additional interest rate calculator. An EMI Calculator will help you assess affordable EMI & rate of interest for your profile. 

Kotak Mahindra Home Loan EMI Calculation for Multiple Amount & Tenure

*For EMI calculation purpose, flat rate of Interest @ 8.20% p.a. is considered. The calculation is indicative only. Your EMI schedule will vary as per rate of interest offered to you.

Also check 15 Lakh Home Loan EMI Interest Rate 2025

You can conveniently check Kotak Mahindra Home Loan application status instantly by clicking on following link: Check your application status

Steps:

• Click on the link.
• Fill following details:
  • Product: Home Loan
  • Identifier:  Application Form Number/ Prospect Number/ Lead Number/ CRN/ Mobile Number/ PAN & DOB/ First Name & DOB/ Second Name & DOB

• Choose any one of the identifier and share it in next column.
• Press submit for instantly tracking Kotak Home Loan application status.

You can reach out to Kotak Mahindra Bank home loan customer care by call, email or visiting the branch. The Kotak Home Loan customer care center can be contacted any time between 9 am to 6 pm from Mondays to Saturdays, except holidays.

Kotak Home Loan toll-free numbers are:

• 1860-266-2666
• 1860-266-0811 (811 related queries)

To call from overseas, use 24X7 customer service.

Abroad helpline number: +91 22 6204 2001 (chargeable)

Toll free NRI Helpline Numbers- country wise

Alternatively, you can visit your nearest Kotak Mahindra Bank branch for any queries. You can also write to them via Kotak Mahindra bank website, and they will get back to you on the matter.

You can also check multiple Home Loan Customer Care Number Online