A home loan with the combination of a low-interest rate and a higher loan amount is what you get at Kotak Mahindra Bank. You can enjoy a customized suite of home loan products to enable you to buy your dream home. The lower interest rates and minimal documentation only add to your delight of taking a home loan from the bank. So, if you are also looking for a lender that can help you build your home, read below for the details of one of the best home loans.

Kotak Mahindra Bank Home Loan Interest Rate Details

Check the table below for the latest Kotak Mahindra Bank Home Loan Interest of 2025. 

Types of Home Loans Offered by Kotak Mahindra Bank

1. Kotak Housing Loan

To buy a new house or renovate your current one.

• Tenure: Up to 25 years

2. Kotak Home Improvement Loan

For renovating or upgrading existing home properties

• Loan-to-Value (LTV) Ratio:
  • Rs 35 lakhs to Rs 70 lakhs – Up to 80%
  • Above Rs 75 lakh – Up to 75%
• Tenure: Up to 25 years

3. Kotak NRI Home Loan

For NRIs to buy, construct, or upgrade homes in India

• Loan Amount: Up to 80% of the improvement or construction cost
• Tenure: Up to 15 years

4. Kotak NRI Home Improvement Loan

For NRIs to renovate or furnish their existing homes in India

• Loan Amount: Up to 80% of the improvement cost
• Tenure: Up to 10 years

5. Kotak Home Loan Balance Transfer

Transfer your existing home loan from another bank or HFC to Kotak Mahindra Bank at a lower interest rate

6. Kotak Home Loan for Women

Special housing loan scheme for women, including single women and widows

• Benefit: 1–2% concession on stamp duty
• LTV Ratio: Up to 85% of the property value

Kotak Mahindra Bank Home Loan Eligibility Criteria

The eligibility requirements to apply for a home loan at Kotak Bank are mentioned below:

For Individuals -

Age

• Salaried: 18 to 60 years
• Self-employed: 18 to 65 years

Minimum Monthly Income

• Rs 20,000 for individuals residing in Delhi, Mumbai, Bengaluru, Pune, and Chennai
• Rs 15,000 for residents of other cities

Educational Qualification

• Private Ltd./Partnership Firms: Minimum Bachelor’s degree required
• Public Ltd./MNC/Government/Public Sector: No minimum qualification needed

For Partnership Firms / LLPs / Indian Companies

• Must be operational for at least 3 years
• Minimum annual net income:
  • Rs 2.4 lakhs in metro cities (Delhi, Mumbai, Bangalore, Pune, Chennai)
  • Rs 1.8 lakhs in other cities

For a Hindu Undivided Family (HUF)

• Applicant or co-applicant must be the Karta
• The HUF must have been established for a minimum of 3 years
• Must submit IT returns for the past 3 years
• Minimum annual net income:
  • Rs 2.4 lakhs in metro cities
  • Rs 1.8 lakhs in other cities

Documents Required for Kotak Mahindra Bank Home Loans

The documentation required to apply for the loan is as follows:

Basic Documents

• A duly filled and signed application form with a recent passport-size photograph
• PAN Card
• Aadhaar Card
• Passport (for identity and residence proof)
• Address Proof (e.g., utility bill, voter ID, passport, etc.)

Financial Documents (Salaried Applicants)

• Last 3 months’ salary slips
• Latest Form 16 and Income Tax Returns (ITR)
• Bank statements for the last 6 months
• Job confirmation or employment proof
• Education qualification certificates (if applicable)

Financial Documents (Self-Employed Applicants)

• Proof of business existence
• Business profile and references
• Income Tax Returns, along with income details for the past 3 years
• Balance sheet and profit & loss account for the last 3 years, certified by a Chartered Accountant
• Power of Attorney (if applicable)
• Details of existing loans with repayment track record

Property Documents

• All property-related documents
• Approved sanction map/building plan

How Can You Calculate EMI for Kotak Mahindra Bank Home Loan?

The important consideration for every home loan seeker is the EMI that will be payable each month. There is a special tool that is used to calculate the EMI on a home loan at your convenience. You just need to mention the interest rate, the loan amount, and the tenure for which you want to take the loan. Below is an example for your reference.

Example-

You plan to avail a home loan of Rs 20 lakhs from Kotak Mahindra Bank for a tenure of 25 years at an interest rate starting from 8.65% onwards. With the help of the Wishfin Kotak Mahindra Bank Home Loan EMI Calculator, you will know about the monthly EMIs for a tenure of 30 years. Look at the table carefully -

Fee/Charges of Kotak Mahindra Bank Home Loan

Here are the additional fees/charges apart from home loan interest rates by Kotak Mahindra Bank -

Factors Affecting Kotak Home Loan Eligibility

Several key factors influence your home loan eligibility:

1. Monthly Income -Your income plays a vital role in determining how much loan you can afford. Higher income generally means higher loan eligibility, while lower income may reduce the loan amount you're eligible for.
2. Age -Your age impacts the loan tenure you can opt for. Younger applicants may qualify for longer tenures, leading to lower EMIs due to reduced interest burden over time.
3. Credit History- A strong credit history reflects your financial discipline and repayment capacity. A high credit score improves your chances of loan approval with favorable terms.
4. Existing Loan Obligations -Ongoing loans or EMIs are considered financial commitments. These reduce your disposable income and can lower your home loan eligibility.
5. Regulatory Norms -The National Housing Bank (NHB) sets regulatory limits on loan amounts based on the property cost. For example, high-value properties may have lower loan-to-value (LTV) limits compared to mid- or low-range properties.

Features & Benefits of Kotak Mahindra Bank Home Loan

*Note: Loan eligibility, interest rate, and sanction amount are subject to Kotak Mahindra Bank's internal policies and applicant profile.

Kotak Bank Home Loan Application Form

You have two options when it comes to applying for a home loan at Kotak Mahindra Bank. Either you can visit the website or at the nearest branch of the bank to serve the purpose. In either of the options, you need to fill in personal, residential, income, and property details. After filling out the form, you should submit it to the bank to process your home loan application. The bank will approve the loan only after verifying your details in the investigation process, which involves an executive visit to your office and residence. If you come out true in the investigation, the bank will then send the executive to visit the property you are looking to buy. The executive, after assessing the condition of the property and the existing market value, will prepare a legal & technical report, which will become a factor in determining the valuation of the said property. Depending on your repayment capacity, the bank will finance you up to 90% of the property valuation.

What is the Customer Care Number for Kotak Mahindra Bank Home Loans?

Any complaints or queries related to home loans? Dial the 24×7 toll-free number 1860 266 2666 of the bank’s home loan department and get all that resolved at the earliest. The complaints could be the irregularity in the payment of EMIs, not receiving the SMS alerts before and after the EMI payment, and so on. The executives are ready to sort out all your queries and complaints to give you a pleasant home loan experience.

Summary!

Kotak Mahindra Bank Home Loans offers a range of financing solutions for individuals looking to purchase, construct, or renovate a home. With competitive interest rates, flexible repayment tenures of up to 25 years, and high loan-to-value (LTV) ratios, the bank caters to both resident Indians and NRIs. Specialized schemes like home loans for women, balance transfer options, and home improvement loans make the offering more inclusive. Kotak also ensures a smooth application process with minimal documentation and transparent charges, making home ownership simpler and more accessible.

FREQUENTLY ASKED QUESTIONS

1. What is the latest Kotak Home loan interest rate?

The Kotak Mahindra Bank Home Loan interest rate starts from 8.65% onwards

2. How to apply for a Kotak Mahindra Bank home loan online?

You can apply for the Kotak Mahindra Bank home loan either on the bank’s website or by downloading the bank’s official application. You can also apply for a hassle-free home loan at Wishfin. You just need to start by filling out the home loan application form with a little general information.

3. What is the maximum home loan tenure in Kotak Mahindra Bank?

The maximum home loan tenure in Kotak Mahindra Bank is up to 25 years.

4. How long does it take for Kotak Mahindra Bank home loan?

If your home loan application is complete and hassle-free, you can get a home loan approval from Kotak in a short period of 24 hours.

5. What is Kotak Mahindra Bank's home loan processing fee?

The Kotak Mahindra Bank home loan processing fee depends on the profile of the applicants.

6. What is the minimum CIBIL score for Kotak Mahindra Bank home loan?

The minimum CIBIL score for Kotak Mahindra Bank home loan is 650 and above.

7. What is the maximum loan amount Kotak Mahindra Bank Home loan provides?

Kotak Bank provides up to 40 crore for their home loans.