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    Kotak Mahindra Bank Home Loan

    Fulfil your dream of owning a house with Kotak Mahindra Bank home loan that offers eligible customers housing loans at competitive interest rates, flexible repayment options with zero preclosure charges and longer loan tenures.

    We found 1 Kotak Mahindra Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.90% Floating
    10000+GST One time fee
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Fees & Charges
    Good to Know
    Kotak Mahindra Bank Home Loan is Rated as "Pretty good" by 30 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Kotak Mahindra Bank is an Indian bank and financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the licence to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products.Kotak Mahindra Bank provides you home loans accompanied by highly customised facilities and services for a seamless and pleasurable home-buying experience.To know more, follow some simple steps given below to get attractive deals.


    You’re probably eligible for an Kotak Mahindra Bank Home Loan if you are

    Kotak Mahindra Bank Home Loan Minimum Age

    At least 21 years old

    Kotak Mahindra Bank Home Loan Maximum Age

    Less than 65 years old

    Kotak Mahindra Bank Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Kotak Mahindra Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Kotak Mahindra Bank Home Loan amount eligibility is based on these factors

    Kotak Mahindra Bank Home Loan Minimum Salary

    Earn more than the minimum
    income required

    Kotak Mahindra Bank Home Loan Maximum Loan to property value

    Loan capped @ 90% of property value

    Kotak Mahindra Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Kotak Mahindra Bank Home Loan amount by these steps

    Kotak Mahindra Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Kotak Mahindra Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 20 years

    Kotak Mahindra Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Kotak Mahindra Bank Home Loan

    • 1. Signed application form with photograph
    • 2. Latest bank statements
    • 3. Processing fee Cheque
    • 4. ID and residence proof
    • 5. Documentation for salaried applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
    • 6. Documentation for self-employed applicants:
      • latest income tax returns
      • latest comupation of income


    Kotak Mahindra Bank Home Loan Interest RatesUpdated on 24 Jan 2019

    Kotak Mahindra Bank Home Loan Details
    Interest rate 8.90%
    Processing fee 10000+GST
    Loan Tenure 20 years
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required


    Kotak Mahindra Bank Home Loan

    Purchasing a house or property is a major step in anyone’s life. While it brings with it an immense sense of accomplishment, the entire process of buying a house can be full of anxiety and frustration as well. With the boom in population each year, real estate has become a prized possession. Also, since the demand is much greater than the supply, real estate prices are climbing steadily each day, it has become rather impossible to purchase a house solely with one’s savings. Also, experts advise against channeling all your savings towards the purchase of a house. Home loans have been invented for the very purpose of helping finance the cost of a house, so you don’t have to empty your savings. Home Loans have been devised to not only help ease the burden of financing the cost of a house but are also spread over a long term to make for a comfortable repayment schedule. Millions of prospective home buyers avail home loans each year to realize their dream of owning a house.

    Home Loans From Kotak Mahindra Bank:

    Kotak Mahindra, one of India’s leading financial institution, offers its customers the service of home loans. What puts these home loans above the fray are the bevy of features which they offer, which make it easier on you to not only avail the loan but also pay it back. These home loans have been tailor made to provide all the benefits and advantages for a smooth, and problem free experience. While there are several home loan providers in the market, Kotak Mahindra certainly possesses an edge over the rest with their keen understanding of the customer’s needs and offering a home loan product which is designed in sync with the same. Read on to find out all about the Kotak Mahindra Home Loan and how you can

    Features and Benefits of Kotak Mahindra Bank Home Loan:

    The Kotak Mahindra Home Loan is loaded with a host of features and benefits to make its easier for you to purchase your dream home in the minimum time possible.

    1. Doorstep Service – As a Kotak Mahindra customer, you get the advantage of availing doorstep service for your home loan. No need to visit the bank and await your turn to be attended to or submit your documents. A bank representative will visit you at your house to help you out with the formalities of applying or a loan.

    2. Low Interest Rates – One of the primary reasons why the Kotak Mahindra Home Loan is popular is due to the low rates of interest it offers, making it one of the most affordable home loans available in the market.

    3. Quick and Hassle-free Loan Disbursement Process – Once your loan is approved by the bank, you needn’t wait to receive your loan amount. The bank has in place a very quick and hassle free loan disbursement process to ensure that the loan amount reaches you within minimum time.

    4. Minimal and Simple Documentation – Unlike other loan providers which ask applicants to provide extensive documentation in order to apply for the loan, Kotak Mahindra makes the process loads simpler. You only have to provide a few basic documents like your identity proof, employment proof, residence proof, bank statements and a valid proof of your repayment ability to be on your way to apply for your loan.

    5. Home Insurance Options At Attractive Rates – As a home loan buyer, Kotak Mahindra provides you with the added benefit of availing home insurance plans for your dream home. You can avail these home insurance plans at very attractive premium rates to ensure that your house is protected from any external risks or perils.

    6. Longer Tenure – To make it easier for you to avail and repay your home loan, without it becoming a burden, Kotak Mahindra offers home loans which are accompanied by a maximum repayment tenure of 20 years. However, the loan tenure can also vary depending on the applicant’s profile.

    7. Security Required Towards Loan – While in most cases, the house or the property to be purchased will be considered as adequate security towards the home loan. The property/house will be taken as security till the entire loan has been repaid. However, in certain cases, additional security may be required, which can be in the form of receipts of Term Deposits or Life Insurance policies taken with Kotak Mahindra (if available).

    8. Loan Amount – Kotak Mahindra provides home loans which allow you to borrow 90% of the value of the house or property to be purchased. For loans up to the value of Rs 20 lakh to Rs 75 lakhs, you an avail up to 80% of the cost of property and for loans above Rs 75 lakh, you can avail loan amount up to 75% of the property value.

    Eligibility – Kotak Mahindra Home Loan:

    In order to apply for a Kotak Mahindra Home Loan, applicants must adhere to the eligibility criteria laid down by the bank. Kindly note that individuals may apply for these loans on a single or joint basis. Co-applicants in this case will be the owners of the property in question, to be purchased. Co-applicant need not necessarily be the co-owners of the property. Some of the factors which are key in evaluating an individual’s eligibility for a Kotak Mahindra Home Loan are:

    • Applicant’s annual or monthly income.
    • Applicant’s source of income
    • Applicant’s credit history and saving habits.
    • Applicant’s work history and experience.
    • Applicant’s age.
    • Applicant’s qualifications.
    • Number of dependents attached to the applicant.
    • Stability and continuity of the applicant’s current occupation.

    New Kotak Mahindra Bank Home Loan Interest Rate:

    The interest rates offered by Kotak Mahindra Bank on home loans are as follows:

    Loan Amount Rate of Interest
    Up to Rs.30 lakh Up to 14.5%
    Rs.30 lakh to Rs.40 lakh Up to 14.5%
    Rs.50 lakh to Rs.100 lakh Up to 14.5%
    Above Rs.100 lakh Up to 14.5%

    Kotak Mahindra Bank MCLR Rate for Home Loans:

    Effective June 1, 2017, Kotak Mahindra Bank set its Marginal Cost of Funds Based Lending Rate (MCLR) at 8.90% for home loans with tenures of one year. These rates are applicable to all rupee loans and credit limits that have been sanctioned and renewed by the bank respectively from April 1, 2016.

    Loan Tenor MCLR
    Overnight 7.90%
    1 month 7.95%
    3 months 8.25%
    6 months 8.50%
    1 year 8.90%
    2 years 8.85%
    3 years 8.85%

    Documents Required - Kotak Mahindra Home Loan:

    In order to apply for a Kotak Mahindra Home Loan, applicants must submit the following documents.

    1. Proof of Income.
    2. Banking details.
    3. Proof of Residence.
    4. Proof of Age.
    5. Proof of Identity and Signature.
    6. Certificate of Educational Qualifications

    Kotak Home Loan FAQ

    1. Is there any processing fee associated with this home loan?

      Yes, Kota Mahindra Home Loans taken with the Floating Interest Rate plan will be charged a loan processing fee at the rate of up to 1.25% along with any applicable GST.

    2. Can I take this hoe hone jointly with a co-applicant?

      Yes, you may avail this home loan with a co-applicant who may be your spouse, your parents and even your children who have attained majority. The co-applicant of the loan need not necessarily be the co-owner of the property.

    3. How will the loan be disbursed?

      The disbursement of the loan shall be done either in full or in installments based on the progress of the construction / requirements of funds for the purchase of the property. The same will be decided by the bank after careful evaluation.

    4. Is it necessary for the Agreement of Sale to be registered?

      Yes, it is necessary to get the Agreement of Sale to be registered. Under the Indian Registration Act, 1908, it is mandatory in many Indian states to have the Agreement of Sale done between the builder or seller of the property and the buyer of the property to be registered. Also, it is beneficial for you as a buyer of the property to get the Agreement registered.

    Home Loan - Sitemap

    Kotak Mahindra Bank Home Loan Reviews

    • Kotak Home Loan
      "Not satisfied"
      0.5 0.5/5 "Unacceptable"
      I have give my documents for kotak mahindra bank credit card. I gave my document last time in the beggining of nov 2018. It is mor then 2 months and niw while checking my aoplication status on kotak bank online my application is still in proccess. Worst banking service ever i face.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Kotak Home Loan
      "Best financial service "
      0.5 5.0/5 "Blown Away!"
      I have taken Housing loan from the Kotak mahindra bank , They have given Fair rate of interest based on the market price . They did instant approval process as fast as they can do . . There is no nominal processing fees as every bank i used to charge which is minimal .Overall am satisfied with the financial service .
      Was this review helpful? 1
      , pune
      Reviewed on Jan 18, 2019
    • Kotak Home Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience i had with this Home loan has not been good since the process has taken more time than usual. There has been some issues on the documentation and their customer support team response has been slow. The interest rate with the has been much higher compared with the market rate and the issues had been sorted out at last by the Managing Director after i writing a letter.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 09, 2018
    • Kotak Home Loan
      "Looking for better credit limit"
      0.5 5.0/5 "Blown Away!"
      I have my credit card approved with Kotak Mahindra bank and the experience was good, the process took 1 month to complete. They gave a credit limit of Rs 15000 which is less for this credit card. There is no annual fee charged for this credit card. I get cash back offers on this credit card and i use this card for general purpose. Customer service was good and they responded on time.
      Was this review helpful? 1
      , thane
      Reviewed on May 14, 2018
    • Kotak Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from Kotak Mahindra Bank, the loan amount was for Rs 18 lakhs with the rate of interest of 10% which is higher when compared to all other banks. It was overall a good loan experience with this bank. Customer service was good and they provided door step service to collect the documents. I received my loan amount within 10 days. The tenure of the loan is 15 years and i pay an EMI of Rs 20300 for this loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 11, 2018
    • Kotak Home Loan
      "Better Loan to have"
      0.5 4.5/5 "Excellent!"
      The process for my Home Credit Loan was done instantly and it didn't require much process too. The rate of interest offered is pretty low too and the Bank was pretty responsive for the Loan. I had the complete outline about the Loan and it was easy for me to select the product.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 20, 2017
    • Kotak Home Loan
      "Good banking service"
      0.5 4.0/5 "Great!"
      I have approached Kotak Mahindra for my home loan since the rate of itnerest is low when compared to the other bankers so I have chosen Kotak. They have collected my documents, within a 10 days they will update my loan status. I got a good credit score.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 09, 2017
    • Kotak Home Loan
      "Disappointed Service"
      0.5 1.0/5 "Really Bad"
      Kotak Mahindra service was very bad, Earlier I had taken home loan with ING Vysya but after Kotak Mahindra took over that bank. Everything got changed I had requested them to do foreclosure but they did not respond. Then I went to the main branch and I got approval after two months of my request from Visakhapatnam branch. They asked me to do NEFT or RTGS. While I was doing the transaction it didn't accept to do huge amount. Finally I went to the branch and closed the loan and I got NOC after a month's time.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Apr 26, 2017
    • Kotak Home Loan
      "Scope for improvement"
      0.5 3.0/5 "Satisfactory"
      I got the housing loan with the Kotak mahindra bank and the interest rate was competitive one like it was around 8.65%. The loan amount got disbursed to the developer within 45 days of time. Processing charges around nominal one with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 08, 2017
    • Kotak Home Loan
      "Housing loan"
      0.5 1.0/5 "Really Bad"
      KOTAK Housing loan is meant only for customer who's property value is very huge and big. For example Office company and all major units they are willing to provide the loan. They are not providing housing loan not for a common man. I had approached them for the housing loan I did not get any sort of reply from them till date.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jan 12, 2017
    • Kotak Home Loan
      "False assurance"
      0.5 2.0/5 "Expected more"
      I have experienced a bad process of credit card application from Kotak bank. They do not have any coordination among the staff. I got call from 3-4 executives for documents inspire of submitting it after 1st call. Then after approx 2 week I get a call again that they need document again as they had misplaced the earlier set. This is such a negligence shown by the bank. Secondly they offer me a card which is free for lifetime with credit limit of 200000. I got my card after a week of submitting document again. Now the limit I got was 50000 only and within a week without even using the card I get an invoice of 571 God knows for what. Wrong assurance just to sell your card will impact you very badly.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 28, 2016
    • Kotak Home Loan
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with kotak which was disbursed within 15 days after completing all the verification and documentation process. Interest rate charged was above 10% and the processing fee was also normal. The response was good which i liked very much
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Mar 14, 2016
    • Kotak Home Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      My home loan is from Kotak Mahindra bank. The services are good. They completed my loan process very quickly. I got the loan within seven days. The rate of interest very reasonable. It was of 9.1%. The processing charges was normal. Overall a excellent experience.
      Was this review helpful? 0
      , jaipur
      Reviewed on Mar 07, 2016
    • Kotak Home Loan
      "Great loan providers..."
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra bank was kept increasing the interest rate for the home loan and I done balance transfer. Except the rate the Kotak is very good in all the aspects. Customer service is awesome and the processing time is pretty fast. All the options are available on their portal so there is no reason to visit their office. Even their payment options are very good.
      Was this review helpful? 1
      , pune
      Reviewed on Feb 25, 2016
    • Kotak Home Loan
      "Can go for it.."
      0.5 4.0/5 "Great!"
      The home loan process was too fast and there was no time lack. I was able to reach out them without any hurdle. Kotak Mahindra bank also guided and advised me regarding the property. Another foremost things is that there is no processing fee for me as due to my account. Interest rate 9.55% is little high.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 26, 2016
    • Kotak Home Loan
      "Not bad..."
      0.5 3.0/5 "Satisfactory"
      Kotak bank offered me an Home loan for 12lakhs. I was looking for 20 years tenure but they did not offered. Rate of interest was 11% . In terms of Home loan I am unhappy with them. Good thing is, they were good in terms of process. I closed it and I got my NOC letter on time.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Dec 19, 2015
    • Kotak Home Loan
      "Best for home loan.."
      0.5 5.0/5 "Blown Away!"
      Without any payslips they approved the home loan. For NRI customers banks are offering up to 24% of rate but here in Kotak Mahindra bank they offered me like 9%. Kotak was happily processed the loan. For NRI customers Kotak will be best option for loans.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 15, 2015
    • Kotak Home Loan
      0.5 4.0/5 "Great!"
      I was looking for Home loan. I just inquired about the Home loan with Kotak bank. My salary account is with them so, they are ready to provide 10lakhs with 9.65% interest rate. They have processing charges and i would be better if they avoid the processing fees.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 08, 2015
    • Kotak Home Loan
      "Good home loan"
      0.5 5.0/5 "Blown Away!"
      Overall KOTAK housing loan process was good. The executive came to my place and they took all the details and they have processed with the loan. They have offered the loan within week time and everything was finalized. They have offered a floating rate of interest and there is rise and fall of rates. Every time when they change the rate they intimate us quickly.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 02, 2015
    • Kotak Home Loan
      "Home loan poor service"
      0.5 1.0/5 "Really Bad"
      The customer service is very poor. I wanted to make part payment and I am following up for last one month but they didn't give proper response to emails and even customer care people also don't know anything. Very frustrated with the service and would recommend not to go for kotak mahindra/ing vysya
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 20, 2015
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