Private sector bank · Home Loan
Kotak Mahindra Bank Home Loan 2026
Kotak Mahindra Bank offers repo-linked, fixed and hybrid home loans, with the rate spread set at onboarding based on your profile. Interest rate 7.60% onwards, tenure Up to 20 years (as listed by source).
Rates as of 2026 (official) · Checked 30 September 2026Interest rate
7.60%
onwardsEMI on ₹50,00,000 (20 yrs)
₹40,586
Kotak Mahindra Bank Home Loan at a glance
Interest rate7.60% onwards
Processing feeUp to 2% + GST (nil on some online applications)
Loan amount—
TenureUp to 20 years (as listed by source)
BenchmarkRepo-linked (repo 5.25% + spread)
Maximum age60 (salaried) / 65 (self-employed), per aggregator
Lender typePrivate sector bank
Rank on this site#7 of 17 by starting rate
Strengths
- Competitive starting rate (7.60%)
- Hybrid fixed-then-floating option
Watch out for
- Upper end of the rate band not published
- Fee up to 2% is among the highest for banks
- Shorter maximum tenure per source (20 years)
Kotak home loan interest rate & charges
| Feature | Kotak |
|---|---|
| Interest rate | 7.60% onwards |
| Rate details | Official: 7.60% onwards for salaried and self-employed; the spread over repo is communicated at onboarding. Fixed rate from 12.00%. Hybrid option fixed for 39, 52 or 65 months, then repo + spread. |
| Processing fee | Up to 2% + GST (nil on some online applications) |
| Loan amount | — |
| Tenure | Up to 20 years (as listed by source) |
| Prepayment / foreclosure | Nil for individual floating-rate borrowers |
| Benchmark | Repo-linked (repo 5.25% + spread) |
| Maximum age | 60 (salaried) / 65 (self-employed), per aggregator |
Special schemes & features
Hybrid rate
Fixed for 39, 52 or 65 months, then floating
Balance transfer + top-up
Switch your loan and borrow extra
Source: www.kotak.bank.in, 2026 (official). Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Kotak’s rates
| Loan amount | EMI @ 7.60% |
|---|---|
| ₹25,00,000 | ₹20,293 |
| ₹50,00,000 | ₹40,586 |
| ₹75,00,000 | ₹60,879 |
Tenure 20 years, reducing-balance method. Total interest on ₹50,00,000 at 7.60%: ₹47,40,627.
Kotak home loan EMI calculator
Eligibility
- Resident Indians and NRIs; minimum age usually 18 – 21
- Maximum age at loan maturity typically 60 – 75 depending on lender and employment (e.g. Canara/PNB 70, Bandhan 75, some LIC HFL schemes 80)
- Regular income: salaried, self-employed professional or self-employed business owner; informal-income borrowers at affordable-housing lenders
- Credit score: 750+ usually gets the best rates (LIC HFL’s lowest rate needs 825+)
- Total EMIs (including the new loan) generally within 50% – 60% of net monthly income
- Property with clear, marketable title and approved plan; loan limited by RBI LTV caps (90% / 80% / 75%)
Documents required
- KYC: PAN (mandatory), Aadhaar / passport / voter ID, address proof, photographs
- Salaried: last 3 salary slips, Form 16 (2 years), 6 months’ salary bank statement
- Self-employed: ITR with computation (2 – 3 years), CA-certified P&L and balance sheet, business proof (GST / Udyam / licence), 12 months’ bank statements
- Property: sale agreement / allotment letter, title chain, approved plan, RERA registration, OC/CC or builder NOC, encumbrance certificate, tax receipts
- Own-contribution receipts and existing loan statements (if any)
- For balance transfer: sanction letter, 12 months’ repayment track, list of documents held by current lender
How to apply for Kotak Mahindra Bank Home Loan
- Check eligibility & compareUse the eligibility calculator and compare APR, not just the headline rate.
- Apply with documentsOnline or at a branch; pay the processing / login fee.
- Appraisal & sanctionLender checks credit score, income and FOIR, then issues a sanction letter and Key Facts Statement with APR.
- Legal & technical checkTitle search, encumbrance, approvals and valuation of the property.
- Agreement & mortgageSign the loan agreement; deposit original title deeds (equitable mortgage) or register a mortgage deed as the state requires.
- DisbursalPaid to the seller/builder — in one go for ready homes or in stages for under-construction projects.
Kotak vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹50,00,000 |
|---|---|---|---|---|
| Indian Overseas Bank Home Loan | 7.10% – 8.20% | 0.50% of loan (max ₹25,000) + GST | Up to 30 years | ₹39,066 |
| Canara Bank Home Loan | 7.15% – 10.00% | 0.50% of loan (max ₹10,000) + GST | Up to 30 years | ₹39,216 |
| LIC Housing Finance Home Loan | 7.15% – 9.50% | 0.25% of loan (min ₹5,000, max ₹50,000 per Paisabazaar; BankBazaar shows max ₹15,000) + GST; nil for women borrowers under offer | Up to 30 years | ₹39,216 |
| PNB Home Loan | 7.25% – 9.65% | 0.35% of loan (min ₹2,500, max ₹15,000) + GST; waived in some festive campaigns | Up to 30 years | ₹39,519 |
| SBI Home Loan | 7.25% – 8.55% | 0.35% of loan + GST (min ₹5,000, max ₹15,000 per Paisabazaar; BankBazaar shows ₹3,000 – ₹12,000); nil for Privilege and Shaurya | Up to 30 years | ₹39,519 |
| IDBI Bank Home Loan | 7.40% – 11.90% | 0.50% + taxes (aggregator); product page shows ₹2,500 – ₹5,000 + taxes; waived for balance transfer / PMAY | Up to 30 years | ₹39,974 |
| Kotak Mahindra Bank Home Loan | 7.60% onwards | Up to 2% + GST (nil on some online applications) | Up to 20 years (as listed by source) | ₹40,586 |
| HDFC Bank Home Loan | 7.75% – 13.20% | Up to 0.50% of loan, minimum ₹4,000 (aggregator) + GST | Up to 30 years | ₹41,047 |
| PNB Housing Finance Home Loan | 7.90% – 12.00% | Up to 1% + GST | Up to 30 years (NRI up to 15 years) | ₹41,511 |
| Tata Capital Home Loan | 8.00% – 13.00% | Up to 3% + GST (aggregator offer: ₹999 + GST) | Up to 30 years | ₹41,822 |
| Axis Bank Home Loan | 8.20% – 9.10% | Up to 1% of loan or ₹10,000, whichever is higher, + GST (Asha: 1% – 2% + GST) | Up to 30 years | ₹42,446 |
| Bandhan Bank Home Loan | 8.55% – 13.52% | Up to 1% + GST | Up to 30 years | ₹43,550 |
| Sammaan Capital (formerly Indiabulls Housing Finance) Home Loan | 8.75% onwards | 0.50% onwards + charges | Up to 15 years (per source; confirm with lender) | ₹44,186 |
| YES Bank Home Loan | 9.00% – 11.50% | 1.5% + GST or ₹10,000, whichever is higher (BankBazaar); CreditMantri shows 0.5% or ₹10,000 | Up to 35 years | ₹44,986 |
| Truhome Finance (formerly Shriram Housing Finance) Home Loan | 9.50% onwards | As per MITC (aggregator: up to 1.5% + GST) | Up to 25 years | ₹46,607 |
| Piramal Finance Home Loan | 9.99% onwards | Up to 3% + taxes | Up to 30 years | ₹48,218 |
| Aadhar Housing Finance Home Loan | 11.75% – 17.00% | Typically 0.5% – 1% (aggregator: up to ₹3,500 + GST) | Up to 30 years | ₹54,185 |
Frequently asked questions
What is the Kotak Mahindra Bank Home Loan home loan interest rate?
Kotak home loan rates start at 7.60% p.a. (as of 2026 (official)). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹50,00,000 from Kotak?
At 7.60% for 20 years the EMI is about ₹40,586, with total interest of ₹47,40,627.
What is the processing fee?
Kotak: Up to 2% + GST (nil on some online applications). GST at 18% applies on fees.
What is the maximum tenure?
Kotak: Up to 20 years (as listed by source).
Can I prepay or foreclose the loan?
Kotak: Nil for individual floating-rate borrowers.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Kotak Mahindra Bank Home Loan. Terms change — confirm with the lender.