- Kotak Mahindra Bank Home Loan starting at 8.30%*
- Check, compare and grab best interest rates at Wishfin
Chosen a property to buy? Looking for an attractive home loan interest rates offer across banks in India? Well, Kotak Mahindra Bank could well be the one you should approach for the purpose. Offering loans at an interest rate of 7.50% per annum, the bank enables you to fulfill your home dream at ease.
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Note: The rates shall be applicable for all sanctions until 31st of October, 2022 and disbursements on or before 30th November 2022 subject to no further Repo revision.
Kotak Mahindra Bank Home Loan Interest Rates January 2023
|Interest Rate||8.30% - 8.90%|
|Loan Amount||Up to 90% of the property cost|
|Tenure||Up to 20 years|
|Processing Fee||For Salaried - INR 10,000 + GST|
For Self-Employed/Professional - 0.25% + GST on loan amount
|Prepayment Charges||NIL in case of floating rate loans|
Kotak Mahindra Bank Home Loan Balance Transfer Rates
After glancing at the interest rates and other details, you may be mulling to shift the outstanding balance of your home loan, if being serviced at a higher rate somewhere. The balance transfer will help you keep a lid on the extra interest repayment and save for the future.
How to Apply for Kotak Mahindra Bank Home Loan at Wishfin?
So you can apply for Kotak Mahindra Bank Home Loan at Wishfin, an online tool to check, compare and apply for loans & other financial products. So just visit the official website of Wishfin and apply for a home loan after filling the relevant personal & professional details. Kotak will examine the details before saying ‘Yes’ to your application.
Frequently Asked Questions
1. What is the current Kotak Mahindra Bank home loan rate?
The current Kotak Mahindra Bank home loan rate ranges from 8.30%-8.90%.
2. Will Kotak Mahindra Bank home loan rate of interest go down in 2022?
Changing any of the home loan interest rates depends on the bank’s policies and RBI’s repo rates.
3. When does the interest rate of Kotak Mahindra Bank home loan change?
Kotak Mahindra has recently reduced the home loan interest rate to 8.30% p.a
4. What is the interest for 1 crore loan in Kotak Mahindra Bank Housing Loan?
The interest for 1 crore loan in Kotak Mahindra Bank Housing Loan will start from 8.30%. However, it depends on certain other factors such as your CIBIL score, or monthly income that recognizes what rate of interest you are eligible for.
5. How can I reduce my home loan interest rate in Kotak Mahindra Bank?
You need a considerable CIBIL score and a strong financial background to avail a home loan with lower interest rate.
6. What is Kotak Mahindra Bank home loan interest rate for senior citizens?
The Kotak Mahindra Bank home loan interest rate for senior citizens starts from 8.30%.
7. How much home loan can a government employee get in Kotak Mahindra Bank?
Government employees do get benefits while obtaining home loans as their job is more safe and secure. However, it depends on certain eligibility factors such as your previous credit history, CIBIL score and other factors to determine what home loan amount you can avail.
8. Does Kotak Mahindra Bank Provide 90% Home Loan?
You can get 90% home loan financing in Kotak Mahindra in case of home loan balance transfer.
9. Is prepayment allowed in Kotak Mahindra Bank home loan?
Yes, you can prepay your home loan as per your convenience.