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Kotak Bank Home Loan Interest Rate
As of now Kotak Bank Home Loan interest rate starts at 7.40% – 9.70% p.a. for the month January 2021. Kotak Bank Home Loan has maximum tenure for 20 years. Both Salaried Professionals & Self-Employed are eligible to apply for the various home loan schemes provided by the bank. Processing Fees for the for the home loan amount is with maximum ₹ 10,000. Kotak Bank Home Loan can be used for buying of new flat/home/plot or renovation/construction/extension/improvement.
Kotak Bank Home Loan Features & Benefits
- Kotak Bank offers Flexible Interest Rates
- Kotak Bank offers housing loan with interest rate starting from 7.40% – 9.70%.
- Kotak Bank offers loan tenure of Home Loan from 5 years to 20 years.
- Kotak Bank charge a processing fee with maximum ₹ 10,000.
- Kotak Bank allows no prepayment penalty on floating rate home loans.
- Kotak Bank offers various types of home loan schemes with much better requirements.
Kotak Bank Home Loan Details
| Home Loan Rate | 7.40% – 9.70% |
| Home Loan Max Tenure | 20 years |
| Home Loan Processing Fee | Maximum ₹ 10,000 |
| Home Loan Eligible Age | Salaried – Min 21 and Max 60 years Self-Employed – Min 21 and Max 65 years |
Kotak Bank Home Loan Schemes
| Kotak Bank Home Loan Schemes | Interest Rates |
| Kotak Bank Repo Rate Home Loan | 7.40% – 9.70% |
Kotak Bank Home Loan Processing Fees & Charges
Kotak Bank Home Loan processing fees is up to maximum ₹ 10,000. The processing fees is typically non-refundable in case the loan is rejected. The balance amount of processing fee will be charged at the time of loan disbursement.
Kotak Bank Home Loan Eligibility Criteria
- Salaried, Professionals and Self-Employed Individuals
- Minimum age 21 and Maximum age 60 years for Salaried
- Minimum age 21 and Maximum age 65 years for Self Employed/ Professionals
- Assets and liabilities of the Applicants
Kotak Bank Home Loan Documents Required
Documents for Salaried employees
- Application Form – Duly Filled with signatures
- Proof of Identity – PAN Card/ Passport/Driving Licence/Voter ID
- Proof of Address – Leave and License/Registered Rent Agreement/Utility Bill/Passport
- Proof of Income – 6 Months Payslip, 2 years Form 16, 6 Months bank Statement of Salary Credit, ITR (Last 2 Years)
- Proof of Property – Sales Deed, Conveyance Deed, Possession Letter, Allotment Letter, Property Tax Receipt, Sanction Letter of Construction or Extension
- Photos – 3 Passport Size
Note: This is indicative, original documents are required for verification purpose only. Additional documents may be asked by the bank.
Documents for Self-Employed
- Application Form – Duly Filled with signatures
- Proof of Identity – PAN Card/Passport/Driving Licence/Voter ID
- Proof of Address – Leave and License/Registered Rent Agreement/Utility Bill/ Passport
- Proof of Business – Business Address Proof, ITR (Last 3 Years), VAT/Service Tax Registration, Certified Balance Sheets & Profit & Loss A/c, TDS Certificate (if required), Business License, Business Profile, Partnership Deed
- Proof of Property – Sales Deed, Conveyance Deed, Possession Letter, Allotment Letter, Property Tax Receipt, Sanction Letter of Construction or Extension
- Photos – 3 Passport Size
Note: This is indicative, original documents are required for verification purpose only. Additional documents may be asked by the bank.
Kotak Bank Home Loan Procedure
- Apply for home loan which can be done online or at bank branches/loan centres.
- Executive/Officials will discuss with you about the loan rates, terms, charges fees and documents verification.
- Then submitting your application with required necessary KYC & documents.
- Once the loan is sanctioned, you will have to pay the processing fees and will take few days to conduct credit appraisal, review/technical evaluation for the details you provided.
- After successful validation & eligibility of your loan amount you will be issued a sanctioned letter from the bank which needs to be signed carefully for processing the loan.
- Post this the bank shall approve and disburse the loan to you within their given days.
Kotak Bank Home Loan Customer Care
Calling at any of these numbers click here. You can also visit Kotak Bank official website for more details or send an email to resolve your query.
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- Check IDBI Bank Home Loan Interest Rates – 2020
Disclaimer – Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized/restructured / tabulated. User are advised to recheck the same with the individual companies/organizations. This site does not take any responsibility for any sudden/uninformed changes in interest rates.
