Kotak Home Loan 2021: Interest Rate, Eligibility, Apply Online Now.

Kotak Home Loan 2021: Interest Rate, Eligibility, Apply Online Now.

Sep 16, 2021By Admin

Kotak Mahindra Bank is a private sector bank that provides corporate and individual customers with financial products and services. Kotak Bank offers a Home Loan at a low interest rate. It has simple online home loan process. This Bank offers home loans starting at 6.65%, which is the lowest home loan interest rate now available in India. The bank will financing up to 80% of the value of a home for salaried and self-employed professionals.

Types of Kotak Home Loan Schemes 2021:

Kotak Home Loan: The Kotak Home Loan is suitable for buying or building the home of your dreams. The online application for this loan has no processing fees. Under this plan, you can get a loan for 80 % to 90 % of the property's cost. This Home Loan can be used to buy a house, build a house, renovate a house, or buy a plot.


- Interest rates start at 6.65% p.a.

- Flexible repayment terms of up to 25 years are available.

Kotak Home Improvement Loans: With Kotak Mahindra Bank's Home Improvement Loans, you can completely transform your home. These loans can help you cover the expense of upgrading your home, whether you want to design a massive kitchen, home painting, or renovate/repair your existing home.


- This is the perfect loan for furnishing and upgrading your property.

- Interest rates are low.

- Repayment terms of up to 20 years are available.

- Up to 90% of the purchase price can be financed.


Kotak Home Loan Balance Transfer: Home Loan Balance Transfer is an option for people who want to transfer their existing home loans to Kotak Mahindra.


- Loans to pay off an existing home loan are available.

-  You can transfer your existing home loan at a lower interest rate than the original loan.


Kotak NRI Home Loan: The Kotak NRI Home Loan makes it simple to get into your dream home. There are a few requirements that an NRI must meet in order to be approved for a home loan.


- A minimum of a bachelor's degree is needed.

- At the time of the loan's maturity, the borrower must be at least 58 years old.

-  An individual must have worked for themselves for at least three years.

- USD 42000 in income for the United States, the United Kingdom, and other countries.

- Gulf countries' income: 36000 dirham's


Kotak Home Loan Interest Rate 2021:

Home loans are available from Kotak Mahindra Bank at a floating rate of interest. They now provide the most competitive interest rates, starting at 6.65% p.a. for salaried and self-employed individuals.

Loan Amount

Interest Rate for Salaried

Interest Rate for Self employed

LTV < 80%

6.75% - 8.30%

6.85% - 8.40%

LTV >80%-90%

6.85% - 8.35%

6.95% - 8.45%


Features and Benefits of a Kotak Home Loan:

- Loan amount: Up to 90% of the property value for salaried and self-employed borrowers both.

- The interest rates on Kotak Mahindra home loans start at 6.65% per annum.

- Doorstep Service.

- Process of documenting that is simple and easy.

- You can apply online also.

Documents Required for Kotak Home Loan:

Salaried Customers

Businessmen – Professionals

Self Employed

Kotak Home Loan Application Form with Photograph

Kotak  Home Loan Application Form with Photograph

KYC Documents: Proof of Residence like Aadhar card, Passport, PAN, Voter ID, Driving License, etc.

KYC Documents: Proof of Residence like Aadhar card, Passport, PAN, Voter ID, Driving License, etc.

Bank statements from the previous six months.

Bank statements from the previous six months.

Cheque for processing fee

Cheque for processing fee

Current salary slip

Certificate of education and proof of business or Shop act license



Company profile and income tax returns for the previous three years (self and business)


Profit/loss and balance sheet for the previous three years



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