Kotak Mahindra Bank Home Loan - Features, Benefits & Documents


Kotak Mahindra Bank Home Loan


Kotak Mahindra Bank Home Loan


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 adds 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 the details of one of the best home loans.

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Advantages of Kotak Mahindra Bank Home Loans


  • Attractive interest rates with floating and fixed type based on your preference
  • Low processing fees
  • Less paperwork
  • No prepayment charges
  • Easy home loan balance transfer
  • Transparent application process
  • Flexible repayment options
  • Door step assistance provided

Features of Kotak Mahindra Bank Home Loan


  • Objective: Kotak Mahindra Bank home loan aims to help millions of people achieve their dream of owning a house.
  • Loan Amount: Up to 90% of the value of the property
  • Loan Tenure: Up to 20 years of repayment period is available under Kotak Mahindra Bank home loan scheme. However, it varies for some customers depending on their profile.
  • Prepayment Charges: No penalty is levied on prepayment. However, prepayment is allowed only after 6 months.
  • Processing Fees: Up to 1.25% of the loan amount
  • Interest Type: Floating and Fixed
  • Home Loan Transfer: You can transfer your home loan from other bank to Kotak Mahindra Bank at ease.
  • Insurance Protection: Home loan protector insurance saves your family from the burden of repayment in the event of unfortunate death.

Documents for Kotak Mahindra Bank Home Loans


Important documents to be submitted while applying for home loan with Kotak Mahindra Bank

  • Completed loan application
  • 3 Passport size photographs
  • Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
  • Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill)
  • Statement of Bank Account/ Pass Book for last six months
  • Form 16/IT returns for the last two financial years for salaried employees
  • IT returns for the three years for self-employed professionals
  • Property tax receipt
  • Proof of business address for non-salaried individuals
  • Personal assets and liabilities statement

For guarantor (wherever applicable):


  • Personal Assets and Liabilities Statement
  • 2 passport size photographs
  • Proof of identification as above
  • Proof of residence as above
  • Proof of business address as above
  • Signature identification from his/her present bankers



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