{"id":467,"date":"2020-11-28T10:15:30","date_gmt":"2020-11-28T10:15:30","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=467"},"modified":"2020-11-28T10:15:30","modified_gmt":"2020-11-28T10:15:30","slug":"kotak-mahindra-bank-home-loan","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/home-loan\/kotak-mahindra-bank-home-loan\/","title":{"rendered":"Kotak Mahindra Bank Home Loan"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/sharmaanika388.weebly.com\/uploads\/1\/2\/2\/6\/122611385\/770473232.png\" alt=\"Kotak Mahindra Home Loan  -  Loanfasttrack\"\/><\/figure>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>   <strong><em>Offers customized home loan plans to eligible borrowers at  lowest Kotak Mahindra home loan interest rate starting from 6.75% p.a. for   flexible loan tenure of up-to 20 years with processing fees of up-to 0.50% of the loan amount. <\/em><\/strong>   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Features &amp; Benefits Of Kotak\nMahindra Home Loan:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Kotak Bank\/ Kotak Housing\nFinance is the <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>lowest interest rate home loan provider<\/strong><\/a>.<\/li><li>Kotak Mahindra home loan rate\nstarts from 6.75% p.a.<\/li><li>Lowest per lac <a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><strong>EM<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\">I<\/a> starting from Rs.760\/-\nonwards.<\/li><li>Zero processing fees for\nKotak Mahindra Bank online application for home loan.<\/li><li>In principle approval\navailable for the borrowers.<\/li><li>Loan amount of up-to 90% of\nthe cost of the property for <strong>home loan\ntransfer<\/strong> to Kotak Mahindra bank. <\/li><li>Faster home loan processing.<\/li><li>Simplified documentations.<\/li><li>No hidden costs.<\/li><li>Nil prepayment charges for\nfloating Kotak housing loan interest rate.<\/li><li>PMAY credit linked subsidy\nschemes available with subsidy up-to Rs.2.67 lakhs.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Mahindra Bank Home Loan\nInterest Rate 2020<\/strong><\/h3>\n\n\n\n<p>While\nthe Kotak Bank home loan rate applicable remains uniform irrespective of the\nloan amount, Kotak Mahindra home loan interest rate 2020 are subject to the LTV\ni.e. Loan To Value percentage on the property. Given below is the grid for\nKotak home loan interest rate 2020.<\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><td>\n  <strong>For LTV Up-to 80%<\/strong>\n  <\/td><td>\n  <strong>For LTV Up-to 80% to 90%<\/strong>\n  <\/td><\/tr><tr><td>\n  Home Loan\n  <\/td><td>\n  Salaried\n  <\/td><td>\n  6.75% p.a. &#8211;\n  8.30% p.a.\n  <\/td><td>\n  6.85% p.a. &#8211;\n  8.35% p.a.\n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  Self-Employed\n  <\/td><td>\n  6.85% p.a. &#8211;\n  8.40% p.a.\n  <\/td><td>\n  6.95% p.a. &#8211;\n  8.45% p.a.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  Home Loan Balance Transfer \n  <\/td><td>\n  6.75% p.a.\n  <\/td><\/tr><tr><td>\n  Home Loan Top Up Interest Rates\n  <\/td><td>\n  7.50% p.a. onwards.\n  <\/td><\/tr><tr><td>\n  Home Improvement Loan\n  <\/td><td>\n  6.75% p.a. onwards.\n  <\/td><\/tr><tr><td>\n  Loan Against Property Kotak Mahindra Bank\n  <\/td><td>\n  9.25% p.a. onwards.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p><strong><em>Note:\nKotak Mahindra Bank housing loan interest rates are subject to change without\nprior notice.<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Mahindra Bank Home Loan Details<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  Eligible Profiles\n  <\/td><td>\n  Salaried, Self-Employed Professionals, Self-Employed\n  Non-Professionals &amp; NRIs\/PIOs.\n  <\/td><\/tr><tr><td>\n  Age Criteria\n  <\/td><td>\n  Minimum age is 18 years &amp; maximum age is\n  65 years\n  <\/td><\/tr><tr><td>\n  LTV\n  <\/td><td>\n  Loan Amount Rs.20 Lakhs &#8211; Rs.75 Lakhs &#8211; 80%\n  of the cost of the property.\n  &nbsp;\n  Loan amount Above Rs.75 Lakhs &#8211; 75% of the\n  cost of the property.\n  &nbsp;\n  For <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>Home\n  Loan Balance Transfer<\/strong><\/a> &#8211; 90% of the cost of the property. \n  <\/td><\/tr><tr><td>\n  Loan Tenure\n  <\/td><td>\n  Up-to 20 years for salaried.\n  Up-to 15 years for self-employed.\n  <\/td><\/tr><tr><td>\n  Kotak\n  Bank Home Loan Interest Rate 2020\n  <\/td><td>\n  Kotak home loan rates range from 6.75% p.a.\n  &#8211; 8.45% p.a. \n  <\/td><\/tr><tr><td>\n  Per Lakh EMI\n  <\/td><td>\n  Kotak\n  Mahindra Finance home loan per lakh EMI starts from Rs.760\/- onwards.\n  <\/td><\/tr><tr><td>\n  Processing Fees\n  <\/td><td>\n  Up-to 0.50% on the loan amount + applicable\n  GST.\n  &nbsp;\n  (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/must-know-all-costs-in-home-loan\/\"><strong>Know the complete home loan charges &#8211; Click<\/strong><\/a>)\n  <\/td><\/tr><tr><td>\n  Processing Fees On Kotak Bank Online\n  Application Of Home Loan \n  <\/td><td>\n  Zero. \n  <\/td><\/tr><tr><td>\n  Kotak Mahindra Home Finance Foreclosure Charges\n  <\/td><td>\n  Nil on floating Kotak Mahindra housing loan\n  interest rate.\n  <\/td><\/tr><tr><td>\n  CIBIL Score\n  <\/td><td>\n  750 &amp; Above\n  <\/td><\/tr><tr><td>\n  Turnaround Time For Home Loan Disbursement\n  <\/td><td>\n  2 working days. \n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Home Loan Eligibility<\/strong><\/h3>\n\n\n\n<p>Kotak\nBank <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/what-do-you-mean-by-loan-eligibility-in-home-loan\/\"><strong>home loan eligibility<\/strong><\/a> depends on the factors such as\nborrowers per month income, the source of his income, borrower\u2019s qualification\n&amp; his employment history, CIBIL score &amp; credit history, borrower\u2019s age,\nnumber of dependents on him if any, his future plans, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Mahindra Bank Home Loan\nEligibility Criteria<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>For Individuals<\/strong>\n  <\/td><td>\n  <strong>For Partnership\/ LLP\/ Indian Company<\/strong>\n  <\/td><td>\n  <strong>For HUF<\/strong>\n  <\/td><\/tr><tr><td>\n  <strong>Age<\/strong><strong>:-<\/strong>\n  Salaried &#8211; 18years &#8211; 60 years\n  &nbsp;\n  Self-Employed &#8211; 18years &#8211; 65 years\n  <\/td><td>\n  <strong>Business\n  Vintage<\/strong><strong>:-<\/strong>\n  \n  Should be in existence for at least 3 years.\n  <\/td><td>\n  Should be in existence for at least 3 years.\n  <\/td><\/tr><tr><td>\n  <strong>Income<\/strong><strong>:-<\/strong>\n  Minimum income of Rs.20,000\/- p.m. &amp; \n  &nbsp;\n  Rs.15,000\/- p.m. (for cities other than Mumbai,\n  Pune, Bangalore, Delhi &amp; Chennai)\n  <\/td><td>\n  <strong>Income<\/strong><strong>:-<\/strong>\n  Minimum net income of Rs.2,40,000\/- p.a.\n  &amp;\n  &nbsp;\n  Rs.1,80,000\/- p.a. (for cities other than\n  Mumbai, Pune, Bangalore, Delhi &amp; Chennai)\n  <\/td><td>\n  <strong>Income<\/strong><strong>:-<\/strong>\n  Minimum net income of Rs.2,40,000\/- p.a.\n  &amp;\n  &nbsp;\n  Rs.1,80,000\/- p.a. (for cities other than\n  Mumbai, Pune, Bangalore, Delhi &amp; Chennai)\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  <strong>Qualification<\/strong><strong>:-<\/strong>\n  Minimum graduation compilation for salaried\n  working with Private Ltd. Company &amp; Partnership Firm. \n  <\/td><td>\n  &nbsp;\n  <\/td><td>\n  <strong>Income\n  Documentation<\/strong><strong>:-<\/strong>\n  Mandatory HUF IT returns for 3 years.\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Mahindra Bank Home Loan Charges <\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>Pre-\n  Disbursement Charges<\/strong>\n  <\/td><\/tr><tr><td>\n  Kotak Bank Housing Loan Processing Fees\n  <\/td><td>\n  For <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>Home\n  Loans<\/strong><\/a> up-to\n  Rs.30 Lakhs &#8211; 0.25% &amp; 0.50% of the loan amount + applicable GST\n  respectively for salaried &amp; self-employed.For <a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>Home Loans<\/strong><\/a> above Rs.30 Lakhs &#8211; 0.50% of the loan\n  amount + applicable GST.For <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>online\n  application of Home Loans<\/strong><\/a> &#8211; zero processing fees.For Top-Up Loan &#8211; 1% of the loan amount +\n  applicable GST.For <a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\"><strong>Commercial\n  Loans<\/strong><\/a>&#8211; 1% of the\n  loan amount + applicable GST. For Kotak Mahindra Bank <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>Mortgage\n  Loan<\/strong><\/a><strong> <\/strong>&#8211; 1% of the loan amount + applicable GST.\n  \n  \n  \n  \n  \n  <\/td><\/tr><tr><td>\n  Documentation Charges\n  <\/td><td>\n  For <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>Home\n  Loan<\/strong><\/a> &#8211;\n  Rs.4,000\/- + applicable GST.For Kotak <a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\"><strong>Mortgage\n  Loan<\/strong><\/a> &#8211;\n  Rs.10,000\/- + applicable GST.\n  \n  <\/td><\/tr><tr><td>\n  <strong>Post\n  Disbursement Charges<\/strong>\n  <\/td><\/tr><tr><td>\n  Account Statement \/ Interest Certificate\n  Charges\n  <\/td><td>\n  Free &#8211; once in a year.Rs.250\/- + Applicable GST &#8211; thereafter.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \n  \n  <\/td><\/tr><tr><td>\n  Switch Fee\n  <\/td><td>\n  For floating to floating (lower rate): \n  Maximum up-to Rs.15,000\/- + applicable GST\n  (For Home Loan\/Home Extension Loan &amp; Home Improvement Loan)Maximum up-to 0.40% of the outstanding loan\n  amount + applicable GST (For Non-Housing Loan- Commercial Loan\/Kotak Mahindra\n  <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>Loan\n  Against Property<\/strong><\/a>)\n  \n  \n  <\/td><\/tr><tr><td>\n  Account Swap Charges\n  <\/td><td>\n  Rs.500\/- + applicable GST. (per instance)\n  <\/td><\/tr><tr><td>\n  Document Copy Charges\n  <\/td><td>\n  Rs.500\/- + applicable GST. (per instance)\n  <\/td><\/tr><tr><td>\n  Duplicate NOC Charges\n  <\/td><td>\n  Rs.500\/- + applicable GST. (per instance)\n  <\/td><\/tr><tr><td>\n  Cheque Dishonour Charges\n  <\/td><td>\n  Rs.750\/- + applicable GST. (per instance)\n  <\/td><\/tr><tr><td>\n  Prepayment Charges\n  <\/td><td>\n  Nil &#8211; for micro &amp; small finances,\n  floating interest rate term loan for individuals for personal purpose, for\n  home loan top up &amp; floating interest rate&nbsp;\n  <a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>housing loan<\/strong><\/a> in Kotak Mahindra Bank.\n  &nbsp;\n  Others (Post Lock-In Period Of 6 Months:\n  Nil for payment of Rs.25,000 or up-to 25% of\n  the total outstanding loan amount.4% + applicable GST for part payment in\n  excess of 25% or full prepayment.\n  \n  <\/td><\/tr><tr><td>\n  Commitment Fee (Non-Compliance of Sanction\n  Terms) \n  <\/td><td>\n  2% of the loan amount + applicable GST &#8211; for\n  Home Loan, Home Loan Top-up &amp; Kotak Bank <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>Mortgage\n  Loan<\/strong><\/a>.4% of the loan amount + applicable GST &#8211; for\n  Home Extension &amp; Home Improvement Loan.\n  \n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Mahindra Bank Home Loan\nCalculator <\/strong><\/h3>\n\n\n\n<p>Calculate\nKotak Mahindra home loan eligibility with Loanfasttrack\u2019s Kotak <a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><strong>home loan calculator<\/strong><\/a>. Loanfasttrack\u2019s Kotak home loan <a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><strong>EMI calculator<\/strong><\/a> is a hassle free simple generic\ncalculator. The Kotak Mahindra Bank home loan EMI calculator provides accurate\nestimates of the EMI for various loan amounts &amp; for various loan tenures.\nHome loan calculator Kotak also displays the total interest payable for home\nloan amount. The interest payable varies with the loan tenures. The longer the\nloan tenure the higher is the interest payable &amp; vice-a-versa.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>Home loan<\/strong><\/a> eligibility Kotak can be\neasily calculated using only the following 3 variables. <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Loan Amount <\/li><li>Loan Tenure<\/li><li>Home loan interest rates\nKotak Bank. <\/li><\/ul>\n\n\n\n<p>Simply\nenter these 3 variables to get the desired EMI amount.<\/p>\n\n\n\n<p>While\nthe loan amount and home loan rate of interest Kotak Bank are proportional to\nEMI the loan tenure is inversely proportional to the EMI.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The higher the loan amount\nthe higher will be the EMI &amp; vice-a-versa.<\/li><li>The longer the loan tenure\nthe lower will be the EMI &amp; vice-a-versa.<\/li><li>The higher the interest rate\nthe higher will be the EMI &amp; vice-a-versa.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3-1024x571.png\" alt=\"\" class=\"wp-image-468\" srcset=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3-1024x571.png 1024w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3-300x167.png 300w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3-768x428.png 768w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3-800x446.png 800w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-3.png 1171w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><\/a><strong><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>EMI Amortization Chart <\/strong><\/h3>\n\n\n\n<p>The\namortization schedule determines the percentage of EMI outgo towards the\ninterest component versus principal component till the loan is repaid. While\neach monthly payment remains the same, the payment is made up of parts that\nvary over a period of time. Since the EMI is made-up of the principal and the\nloan amount, higher interest will be deducted than the principal loan amount\nduring the initial period of loan tenure &amp; higher home loan principal &amp;\nlower interest amount will be deducted towards the end of the tenure.<\/p>\n\n\n\n<p><strong>Home Loan Amortization Chart For\nRs.75 Lakhs Housing Loan For 20 Years<\/strong><\/p>\n\n\n\n<p>(Assuming\nyour loan is disbursed in the month of November @ 6.75% p.a.) <\/p>\n\n\n\n<p><strong>Yearly Chart <\/strong><\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>Year<\/strong>\n  <\/td><td>\n  <strong>Total EMI <\/strong>\n  <\/td><td>\n  <strong>Principal<\/strong>\n  <\/td><td>\n  <strong>Interest <\/strong>\n  <\/td><td>\n  <strong>Balance <\/strong>\n  <\/td><\/tr><tr><td>\n  2020\n  <\/td><td>\n  1,14,054\n  <\/td><td>\n  29,763\n  <\/td><td>\n  84,291\n  <\/td><td>\n  74,70,237\n  <\/td><\/tr><tr><td>\n  2021\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  1,85,764\n  <\/td><td>\n  4,98,560\n  <\/td><td>\n  72,84,473\n  <\/td><\/tr><tr><td>\n  2022\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  1,98,698\n  <\/td><td>\n  4,85,626\n  <\/td><td>\n  70,85,775\n  <\/td><\/tr><tr><td>\n  2023\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,212,533\n  <\/td><td>\n  4,71,791\n  <\/td><td>\n  68,73,242\n  <\/td><\/tr><tr><td>\n  2024\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,27,332\n  <\/td><td>\n  4,56,992\n  <\/td><td>\n  66,45,910\n  <\/td><\/tr><tr><td>\n  2025\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,43,163\n  <\/td><td>\n  4,41,164\n  <\/td><td>\n  64,02,750\n  <\/td><\/tr><tr><td>\n  2026\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,60,090\n  <\/td><td>\n  4,24,234\n  <\/td><td>\n  61,42,660\n  <\/td><\/tr><tr><td>\n  2027\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,78,200\n  <\/td><td>\n  4,06,124\n  <\/td><td>\n  58,64,459\n  <\/td><\/tr><tr><td>\n  2028\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  2,97,571\n  <\/td><td>\n  3,86,753\n  <\/td><td>\n  55,66,888\n  <\/td><\/tr><tr><td>\n  2029\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  3,18,291\n  <\/td><td>\n  3,66,033\n  <\/td><td>\n  52,48,598\n  <\/td><\/tr><tr><td>\n  2030\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  3,40,451\n  <\/td><td>\n  3,43,873\n  <\/td><td>\n  49,08,146\n  <\/td><\/tr><tr><td>\n  2031\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  3,64,156\n  <\/td><td>\n  3,20,168\n  <\/td><td>\n  45,43,990\n  <\/td><\/tr><tr><td>\n  2032\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  3,89,510\n  <\/td><td>\n  2,94,814\n  <\/td><td>\n  41,54,477\n  <\/td><\/tr><tr><td>\n  2033\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  4,16,633\n  <\/td><td>\n  2,67,691\n  <\/td><td>\n  37,37,844\n  <\/td><\/tr><tr><td>\n  2034\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  4,45,642\n  <\/td><td>\n  2,38,682\n  <\/td><td>\n  32,92,201\n  <\/td><\/tr><tr><td>\n  2035\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  4,76,672\n  <\/td><td>\n  2,07,652\n  <\/td><td>\n  28,15,529\n  <\/td><\/tr><tr><td>\n  2036\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  5,09,862\n  <\/td><td>\n  1,74,462\n  <\/td><td>\n  23,05,668\n  <\/td><\/tr><tr><td>\n  2037\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  5,45,363\n  <\/td><td>\n  1,38,961\n  <\/td><td>\n  17,60,306\n  <\/td><\/tr><tr><td>\n  2038\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  5,83,336\n  <\/td><td>\n  1,00,988\n  <\/td><td>\n  11,76,971\n  <\/td><\/tr><tr><td>\n  2039\n  <\/td><td>\n  6,84,324\n  <\/td><td>\n  6,23,951\n  <\/td><td>\n  60,373\n  <\/td><td>\n  5,53,020\n  <\/td><\/tr><tr><td>\n  2040\n  <\/td><td>\n  5,70,270\n  <\/td><td>\n  5,53,021\n  <\/td><td>\n  17,249\n  <\/td><td>\n  0\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Mahindra Bank Home Loan Schemes<\/strong><\/h3>\n\n\n\n<p><strong>1) Kotak Bank Home Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for all eligible\nborrowers from 18 years to 65 years for purchasing a resale\/ready to move\/<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/mportant-loan-facts\/\"><strong>under-construction property<\/strong><\/a> and also for\nimproving\/extending the existing property. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-builder-case-resale-case\/\"><strong>Click to know the difference in home loan for resale &amp;\nbuilder case<\/strong><\/a>)<\/li><li>Kotak Bank Home Loan is\navailable for a tenure of up-to 20 years.<\/li><li>Maximum LTV of up-to 80% of\nthe cost of the property. <\/li><li>Kotak Mahindra Bank home loan\nrate starts from 6.75% p.a.<\/li><li>Kotak Mahindra housing loan\nprocessing fee is up-to 0.50% on the loan amount + applicable GST.<\/li><li>Zero home loan processing\nfees for online home loan application. <\/li><\/ul>\n\n\n\n<p>Make Home Loan Processing Fee Comparison of other\nleading banks namely, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-icici-bank-home-loans\/\"><strong>ICICI<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-hdfc-ltd-home-loan\/\"><strong>HDFC Ltd.<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/canara-bank-home-loan\/\"><strong>Canara<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\"><strong>SBI<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\"><strong>Axis Bank<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bob-bank-of-baroda-home-loan\/\"><strong>BOB<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bank-of-india-boi-home-loan\/\"><strong>BOI<\/strong><\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Minimum income required is\nRs.20,000\/- p.m.<\/li><li>Minimum qualification\nrequired is &#8211; graduation for salaried working with Private Ltd. Company &amp;\nPartnership Firm. <\/li><li>Mandatory to have a <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-the-co-applicant-in-home-loan\/\"><strong>co-applicant<\/strong><\/a><strong> <\/strong>for the home loan\napplication.<\/li><li>Faster turnaround time of 2\nworking days disbursal for Kotak Mahindra Bank housing loan disbursement.<\/li><li>No hidden charges.<\/li><li>Nil foreclosure charges.<\/li><li>PMAY scheme interest subsidy\navailable. <\/li><\/ul>\n\n\n\n<p>Compare\nKotak Bank Home Loan With <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-icici-bank-home-loans\/\"><strong>ICICI Bank Home Loan<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-hdfc-ltd-home-loan\/\"><strong>HDFC Ltd. Home Loan<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/canara-bank-home-loan\/\"><strong>Canara Bank Home Loan<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\"><strong>SBI Home Loan<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\"><strong>Axis Bank Home Loan<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bob-bank-of-baroda-home-loan\/\"><strong>Bank Of Baroda<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bank-of-india-boi-home-loan\/\"><strong>Bank Of India Home Loan<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<p><strong>2) Quick Home Loan Approval (Approval\nWithin 24 Hours)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for all eligible\nborrowers from 25 years to 45 years.<\/li><li>Quick Kotak housing loan\nsanction within 24 hours.<\/li><li>Quick home loan in Kotak Bank\nis available only for the eligible borrowers living in the cities of Mumbai,\nPune, Surat, Ahmedabad, Delhi, Hyderabad, Bangalore, Gurgaon, Chennai, Indore,\nJaipur &amp; Chandigarh.<\/li><li>In principle approval for the\nborrowers through a paperless process by using their income tax credentials.<\/li><li>Simple process- by making an\nonline home loan application, filling the form and uploading the documents. <\/li><li>Minimum income required is\nRs.20,000\/- p.m.<\/li><li>Kotak Mahindra Bank home loan\ninterest rate starts from 6.75% p.a. <\/li><li>Documents required include &#8211;\nidentity proof (Pan Card), address proof (Adhaar Card\/Passport), income proof\n(salaried-3 months salary slips &amp; self-employed- ITR copy).<\/li><\/ul>\n\n\n\n<p>(For borrowers having primary bank account with Kotak\n&#8211; only 6 months salary slips in PDF format is required)<\/p>\n\n\n\n<p>Compare\nKotak Mahindra Bank\u2019s Quick Home Loan Approval With ICICI Bank\u2019s <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/express-home-loan-icici-bank\/\"><strong>Express Home Loan- Approval Within 8 hours<\/strong><\/a>.<\/p>\n\n\n\n<p><strong>3) Kotak Home Loan Balance Transfer<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Kotak home loan transfer is available for all borrowers (salaried\/self-employed\/NRIs\/PIOs\/) from 18 years to 65 years for transfer of the home loan along with the top-up loans. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-details\/\"><strong>Compare home loan transfer details of Kotak Bank with other leading banks<\/strong><\/a>.)<\/li><li>Maximum loan amount borrowed is up-to 90% of the cost of the property.<\/li><li>Loan tenure of up-to 20 years.<\/li><li>Kotak Bank housing loan interest rates for home loan balance transfer starts from 6.75% p.a.<br>(<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-lowest-rate-for-6-95p-a\/\"><strong>Get complete knowledge on home loan balance transfer-CLICK<\/strong><\/a>)<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Attractive top up Mahindra home loan interest rates starting from 7.50% p.a. onwards.<\/li><li>Processing fee of up-to 0.50% on the loan amount + applicable GST. (Contact <a href=\"https:\/\/www.loanfasttrack.com\/index.html\"><strong>Loanfasttrack<\/strong><\/a> on <strong><em>9321020476<\/em><\/strong> for latest processing fee offers)<\/li><li>Home loan transfer terms and conditions:<br>* Minimum CIBIL score required is 750. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/cibil-and-its-significance-in-home-loan\/\"><strong>Click to understand the significance of CIBIL in home loan<\/strong><\/a> &amp; <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-how-your-home-loan-inquiry-impacts-your-cibil-scores\/\"><strong>to know how your home loan inquiry can impact your CIBIL score<\/strong><\/a>.)<br>* Home loan should be minimum 12-18 months old.<br>* Must have a good repayment track record.<br>Learn <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/how-to-apply-for-home-loan-with-bad-cibil-score-by-loanfasttrack\/\"><strong>How To Apply For Home Loan With Bad CIBIL Score \u2013 By Loanfasttrack<\/strong><\/a><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Nil prepayment charges.<\/li><\/ul>\n\n\n\n<p>Also\nRead: <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-requirements\/\"><strong>Home loan transfer requirements<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/benefits-of-home-loan-transfer\/\"><strong>Benefits of home loan transfer<\/strong><\/a>. <\/p>\n\n\n\n<p><strong>4) Home Improvement Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for all borrowers (salaried\/self-employed\/self-employed professionals\/NRIs\/PIOs\/) from 18 years to 65 years for furnishing (purchasing new furniture, fittings, etc) and repairs &amp; renovating of the house.<\/li><li>Maximum loan amount of up-to 90% of the cost of the improvement.<br>(For loan amount Rs.30 Lakhs &#8211; Rs. 75 Lakhs &#8211; 80% of the cost of the improvement.<br>For loan amount above Rs.75 Lakhs &#8211; 75% of the cost of the improvement.)<br>Maximum loan amount for NRI is 80% of the cost of the improvement.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The loan will be disbursed in\nfull or in suitable installments on the basis of progress of improvement works,\nas assessed by Kotak Mahindra Bank.<\/li><li>Maximum tenure of up-to 15\nyears. For NRI loan borrowers maximum loan tenure is for up-to 10 years.<\/li><li>Home loan rates Kotak\nMahindra Bank for <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>home improvement loan<\/strong><\/a> starts from 6.75% p.a. Onwards.<\/li><li>Processing fee of up-to 0.50%\non the loan amount + applicable GST.<\/li><li>Nil foreclosure charges.<\/li><\/ul>\n\n\n\n<p>Additional\nRead: <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/difference-in-applying-home-loan-with-public-bank-private-bank\/\"><strong>Difference In Applying Home Loan With Public Bank &amp;\nPrivate Bank<\/strong><\/a><\/p>\n\n\n\n<p><strong>5) Kotak Mahindra Top Up Loan On Home\nLoan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Kotak <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>top up loan<\/strong><\/a> on home loan is available for all\nexisting home loan borrowers (salaried\/self-employed\/NRIs\/PIOs) from 18 years\nto 65 years to meet their personal and professional requirement of funds.<\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/top-up-loans-loanfasttrack\/\"><strong>Top up home loan<\/strong><\/a> Kotak Mahindra Bank rate interest\nstarts from 7.50% p.a. onwards.<\/li><li>Maximum funding of 90% of the\nmarket value of the property including the existing outstanding loan amount. <\/li><li>Kotak Bank top up loan tenure\nwill be the outstanding tenure of the existing home loan or maximum up-to 15\nyears, whichever is earlier.<\/li><li>Kotak loan top upprocessing fee &#8211; 1% of the top up loan\namount plus applicable GST.<\/li><li>Click to know the detailed <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/document-checklist-for-top-up-for-salaried-customers\/\"><strong>list of documents required for applying top up loan for\nsalaried loan borrowers<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<p>Compare\nKotak Home Loan Top Up Loan With<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-home-loan-top-up\/\"><strong>ICICI Bank home loan top up<\/strong><\/a>.<\/p>\n\n\n\n<p><strong>6) Kotak Mahindra Bank NRI Home\nLoan&nbsp; <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Kotak Mahindra NRI home loan is available for all NRIs (Non-Resident Indians) &amp; PIO (Persons Of Indian Origin) for the purchase of ready to move\/under-construction property and for home improvement (renovation &amp; furnishing) residing\/working in the countries namely &#8211; North America-(USA and Canada), Europe-UK and all European countries, Australia, New Zealand, Asia (Japan, China, South Korea), South East Asian Countries (Singapore, Malaysia, Indonesia, Thailand, etc.), Gulf Countries (UAE, Saudi Arabia, Oman &amp; Kuwait).<br>(<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/everything-you-must-about-nri-home-loans\/\"><strong>Read More About NRI Home Loans<\/strong><\/a>)<\/li><li>Available for <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-for-nri\/\"><strong>home loan transfer<\/strong><\/a> to Kotak Mahindra Bank. <\/li><li>Maximum age of the borrower is 58 years at the loan maturity.<\/li><li>Maximum LTV is 80% of the cost of the property. <\/li><li>Maximum tenure of up-to 15 years.<\/li><li>NRI Home Improvement Loan:<br>* Available for decoration, painting, renovation, furnishing, tiling, flooring, plumbing, waterproofing, electrical work, grills and aluminum windows, roofing, construction of underground\/overhead water tank, paving of compound wall (with stone\/tile\/etc.) and borewell, etc.<br>* Maximum loan of 80% of the cost of the improvement.<br>* Maximum tenure of up-to 10 years.<\/li><li>Processing fees is up-to 0.50% of the loan amount.<\/li><li>Kotak Bank loan interest rates start from 6.75% p.a.<\/li><li>Minimum education qualification required is graduate.<\/li><li>NRI should be employed for a minimum of 3 years.<\/li><li>Minimum income criteria for NRI depends on the loan tenure.<\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  For loan tenure up-to 5 years\n  <\/td><td>\n  For loan tenures from 5 years to 15 years\n  <\/td><\/tr><tr><td>\n  USD 20,000 &#8211; for USA \/ UK\n  <\/td><td>\n  USD 42,000 &#8211; for USA \/ UK\n  <\/td><\/tr><tr><td>\n  USD 20,000 &#8211; for Merchant Navy\n  <\/td><td>\n  USD 26,000 &#8211; for Merchant Navy\n  <\/td><\/tr><tr><td>\n  Dirhams 36,000 &#8211; for Gulf Countries\n  <\/td><td>\n  Dirhams 48,000 &#8211; for Gulf Countries\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan\/\"><strong>Click to get documents required for NRI Home Loans<\/strong><\/a><strong><\/strong><\/li><\/ul>\n\n\n\n<p><strong>7) (PMAY) Pradhan Mantri\nAwas Yojana<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest subsidy on housing loans of 3% &#8211; 6.50% for all\neligible borrowers (salaried\/self-employed\/NRI\/PIO\/)\nfrom 18 years to 65 years having yearly income from Rs.3 Lakhs to Rs.18 Lakhs\n&amp; belonging to the EWS, LIG &amp; MIG segment for either acquiring\nor purchasing a new house or to upgrade an existing kuccha or semi-pucca house.<\/li><li>Maximum subsidy amount of up-to Rs.2.67 lakhs (6.50% p.a.).<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The NPV (Net Present Value)\nof the interest subsidy will be calculated at a discount rate of 9%.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Maximum income to avail the benefits is up-to Rs.18 Lakhs\np.a.<\/li><li>Maximum tenure for availing the interest subsidy is 20 years.<\/li><li>Maximum loan amount eligible for the subsidy is up-to Rs.12\nLakhs.<\/li><li>Maximum carpet areas of the\nproperty is up-to 200 sq meter i.e. 2153 sq. ft.<\/li><\/ul>\n\n\n\n<p><strong>8) Kotak Mahindra Bank Loan Against\nProperty (LAP)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Kotak <a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\">loan against property<\/a> is available for all\neligible borrowers (Salaried, Self-employed &amp; Self-employed Professionals) from\n18 years to 65 years to meet their personal &amp; professional needs against\nthe security of their residential property,<a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>commercial property<\/strong><\/a> &amp; industrial property. (Click to\nlearn more on <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/all-about-mortgage-loan\/\"><strong>mortgage loans<\/strong><\/a>)<\/li><li>Maximum loan tenure of up-to\n15 years<\/li><li>Minimum loan amount is Rs.10\nLakhs &amp; maximum loan amount is Rs.5 Crores.<\/li><li>Maximum LTV of 65% of the\ncost of the property<\/li><li>Also available in the form of\noverdraft facility. (CLICK to know more on <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-all-about-mortgage-overdraft-o-d\/\"><strong>mortgage overdraft<\/strong><\/a> loans) <\/li><li>Turnaround time processing\ntime of 21 working days. <\/li><li>Minimum income required is\nRs.40,000\/- pm for salaried borrowers % Rs.1,80,000\/- p.a. annual income for\nself-employed &amp; self-employed professionals.<\/li><li>Pure rental income of the\nborrower can be considered for Kotak Bank loan against property. <\/li><\/ul>\n\n\n\n<p>(Compare Kotak Bank <a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\"><strong>loan against property<\/strong><\/a> with <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-loan-against-property-lap\/\"><strong>ICICI Bank\u2019s Loan Against Property<\/strong><\/a>.)<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Mandatory to hold a graduate\ndegree for the salaried loan borrowers working with private limited company or\npartnership firm.<\/li><li>Minimum 3 years business\nvintage required for self-employed borrowers with consistent profits for the\nlast 2 years.<\/li><li>Kotak Mahindra Bank <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>LAP interest rate<\/strong><\/a> starts from 9.25% p.a. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-balance-transfer-lowest-interest-rates-in-india\/\"><strong>Check out mortgage loan balance transfer @ lowest interest\nrates in India<\/strong><\/a>)<\/li><li>Processing charges of 1% on\nthe Kotak Mahindra mortgage loan amount plus applicable GST.<\/li><li>Nil foreclosure charges for\nindividual borrowers &amp; for others &#8211; up-to 4% of the outstanding loan amount\nplus applicable GST.<\/li><li>For detailed documents\nrequired for <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>applying for a mortgage loan<\/strong><\/a> please refer to the links: <\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  &nbsp;\n  <\/td><td>\n  <strong>Self-Employed<\/strong>\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/mortgage-loan-list-of-documents-for-salaried-customers\/\"><strong>Salaried<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-private-ltd-firm\/\"><strong>Pvt. Ltd Company<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-partnership-firm\/\"><strong>Partnership Firm<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-proprietorship-firm\/\"><strong>Proprietorship Firm<\/strong><\/a><strong><\/strong>\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/document-checklist-for-mortgage-loan-balance-transfer-for-salaried-customers\/\"><strong>Balance transfer for salaried<\/strong><\/a><strong>.<\/strong>\n  <\/td><td>\n  <strong>&nbsp;<\/strong>\n  <\/td><td>\n  <strong>&nbsp;<\/strong>\n  <\/td><td>\n  <strong>&nbsp;<\/strong>\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-at-lowest-interest-rate-with-loanfasttrack\/\"><strong>Click to find out the lowest interest rate loan against\nproperty with <\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-at-lowest-interest-rate-with-loanfasttrack\/\"><strong>Loanfasttrack<\/strong><\/a><strong> &amp; which <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-mortgage-loan-in-india\/\"><strong>bank is best for Mortgage loan in India<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<p><strong>Additional Read: <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/difference-between-home-loan-and-loan-against-property\/\"><strong>Difference Between Home Loan &amp; Mortgage Loan<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong><em>For\nthe latest Kotak Mahindra Bank Loan Against Property interest rates call on\n9321020476 or login to <\/em><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/index.html\"><strong><em>Loanfasttrack<\/em><\/strong><\/a><strong><em>.<\/em><\/strong><em><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Housing Loan Tax Benefits&nbsp; <\/strong><\/h3>\n\n\n\n<p>Home\nloan tax exemption is available on both principal repaid &amp; interest paid by\nthe borrower.<\/p>\n\n\n\n<p>Income\ntax benefits on housing loan as per the Indian Income Tax Act, 1961:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tax rebate on home loan principal repayment, under U\/S 80C and 80CCE of the IT Act of 1961:<br>* First home self-occupied or vacant\/rent out &#8211; Actual principal repaid subject to a maximum of Rs.1.5 Lakhs p.a.<br>* Under-construction property &#8211; Nil income tax exemption for housing loan.<br>* Second home\/ additional property &#8211; Nil income tax rebate on housing loan principal repayments.<\/li><li>Tax saving on home loan interest paid:<br>* First home self-occupied or vacant\/rent out &#8211;<br>1) Actual interest repaid subject to a maximum of Rs.2 Lakhs p.a. if the house construction is completed within 5 years &amp; Rs.30,000\/- p.a. If the house construction is not completed within 5 years.<br>2) For property value up-to Rs.50 Lakhs &amp; home loans with Rs.35 Lakhs additional benefits of Rs.50,000\/- is available for interest on home loan deduction.<\/li><li>Under-construction property &#8211; The interest paid can be claimed in equal parts in five financial years after the possession of the property subject to Rs.2 Lakhs p.a.<\/li><li>Second home\/ additional property &#8211; Actual interest repaid subject to a maximum of Rs.2 Lakhs p.a.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Kotak Home Loan Documents Required <\/strong><\/h3>\n\n\n\n<p>The\nborrowers are required to submit the income proof, identity proof, address\nproof, age proof, signature proof, educational proof, relationship proof and\nthe banking details. Given below is the detailed checklist for housing loans.<\/p>\n\n\n\n<p><strong>Kotak Mahindra Bank Home Loan\nDocuments Required<\/strong><\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>SR.\n  No.<\/strong>\n  <\/td><td>\n  <strong>Documents\n  Required<\/strong>\n  <\/td><td>\n  <strong>For\n  Salaried <\/strong>\n  <\/td><td>\n  <strong>For\n  Self-Employed<\/strong>\n  <\/td><\/tr><tr><td>\n  1\n  <\/td><td>\n  KYC\n  <\/td><td>\n  Pan CardAadhar CardLatest Passport size\n  photographOffice proof Residence Proof\n  \n  \n  \n  \n  <\/td><td>\n  Pan CardAadhar CardLatest Passport size\n  photographOffice proof Residence Proof\n  \n  \n  \n  \n  <\/td><\/tr><tr><td>\n  2\n  <\/td><td>\n  Income Documents\n  <\/td><td>\n  4 months Salary Slips6 months Bank Account\n  Statement2 years From 16\n  \n  \n  <\/td><td>\n  3 years ITR with Saral Copy, Balance Sheet,\n  P&amp;L Account, Capital Account \u2013 CA certified12 months bank account statements of all bank\n  accounts savings + current account\n  \n  <\/td><\/tr><tr><td>\n  3\n  <\/td><td>\n  Property Documents \n  <\/td><td>\n  Prior Chain of AgreementOC\/CC + approved plansIndex 2Share CertificateSociety Registration CopyProperty Tax Receipt\n  \n  \n  \n  \n  \n  <\/td><td>\n  Prior Chain of AgreementOC\/CC + approved plansIndex 2Share CertificateSociety Registration CopyProperty Tax Receipt\n  \n  \n  \n  \n  \n  <\/td><\/tr><tr><td>\n  4\n  <\/td><td>\n  Additional Documents for <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-lowest-rate-for-6-95p-a\/\"><strong>home\n  loan transfer<\/strong><\/a>\n  <\/td><td>\n  LOD Outstanding Balance Letter18 months repayment track\n  record\n  \n  \n  <\/td><td>\n  LOD Outstanding Balance Letter18 months repayment track\n  record\n  \n  \n  <\/td><\/tr><tr><td>\n  5\n  <\/td><td>\n  Other Documents\n  <\/td><td>\n  Duly signed Kotak Bank home\n  loan application formProcessing fees cheque\n  \n  <\/td><td>\n  Duly signed Kotak Bank home\n  loan application form Processing fees cheque&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \n  \n  <\/td><\/tr><tr><td>\n  6\n  <\/td><td>\n  For Kotak <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>NRI\n  Home Loan<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  Please\n  refer to the link &#8211; \u201c<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan\/\"><strong>https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan\/\">\/<\/a>\u201d.\n  <\/td><\/tr><tr><td>\n  7\n  <\/td><td>\n  Refer\n  to the links for a detailed Kotak Bank home loan checklist.\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-salaried-list-of-documents-resale-case\/\"><strong>Documents\n  required for resale case<\/strong><\/a><strong><\/strong>\n  &nbsp;\n  <\/td><td>\n  Documents required for resale case:\n  &nbsp;<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-proprietorship-firm-resale-case\/\"><strong>Proprietorship firm<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-private-limited-company-resale-case\/\"><strong>Private Ltd. Company<\/strong><\/a><strong><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-partnership-firm-resale-case\/\"><strong>Partnership Firm<\/strong><\/a><strong><\/strong>\n  \n  \n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-salaried-list-of-documents-builder-case\/\"><strong>Documents\n  required for builder case<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  Documents required for builder case:\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-proprietorship-firm-builder-case\/\"><strong>Proprietorship firm<\/strong><\/a><strong><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-private-limited-company-builder-case\/\"><strong>Private Ltd. Company<\/strong><\/a><strong><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-partnership-firm-builder-case\/\"><strong>Partnership Firm<\/strong><\/a><strong><\/strong>\n  \n  \n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-salaried\/\"><strong>Documents\n  required for home loan balance transfer<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  Documents required for home loan balance transfer for:\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-proprietorship-firm\/\"><strong>Proprietorship Firm<\/strong><\/a><strong><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-private-limited-company\/\"><strong>Private Limited Company<\/strong><\/a><strong><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-partnership-firm\/\"><strong>Partnership Firm<\/strong><\/a><strong><\/strong>\n  \n  \n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Click\nto know <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-housing-loan-in-india\/\"><strong>housing loan interest rates of different banks<\/strong><\/a> and to know <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-interest-rates%ea%98%a1compare-rates-of-top-banks\/\"><strong>which bank has the lowest home loan interest rate<\/strong><\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Similar Banks Offering Home Loans<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-icici-bank-home-loans\/\"><strong>ICICI\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-hdfc-ltd-home-loan\/\"><strong>HDFC\n  Ltd.<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/canara-bank-home-loan\/\"><strong>Canara\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\"><strong>SBI\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><\/tr><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\"><strong>Axis\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bank-of-india-boi-home-loan\/\"><strong>Bank\n  Of India<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/bob-bank-of-baroda-home-loan\/\"><strong>Bank\n  Of Baroda<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <strong>&nbsp;<\/strong>\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong><em>Click For The Latest Kotak Bank Home\n  Loan Offers<\/em><\/strong><\/a><strong><em><\/em><\/strong>\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Loanfasttrack\nis a Mumbai based loan provider company since 2015 offering loan services in\nMumbai on&#8211; <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>housing loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>mortgage loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>personal loan in\nMumbai<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\">,<\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"><strong>business Loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/business-loan.html\"><strong>unsecured\nbusiness loans<\/strong><\/a>,<a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>home loan transfe<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>r<\/strong><\/a>, top-up loans, <a href=\"https:\/\/www.loanfasttrack.com\/car-loan.html\"><strong>car loans<\/strong><\/a> and <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>loan transfers<\/strong><\/a>. Loanfasttrack is a direct sales\nassociate with leading banks namely, ICICI Bank, HDFC Ltd, Canara Bank, Citi Bank,\nPiramal Housing Finance, etc.<\/p>\n\n\n\n<p>Visit<a href=\"http:\/\/www.loanfasttrack.com\"> <\/a><a href=\"http:\/\/www.loanfasttrack.com\"><strong>www.loanfasttrack.com<\/strong><\/a>. <\/p>\n\n\n\n<p>Seek\nexpert advice on <strong>9321020476<\/strong>. <\/p>\n\n\n\n<p>You\ncan also email on <a href=\"mailto:info@loanfasttrack.com\"><strong>info@loanfasttrack.com<\/strong><\/a>.<\/p>\n\n\n\n<p>Loanfasttrack\u2019s\nspecialized services includes providing:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-housing-loan-in-india\/\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-housing-loan-in-india\/\"><strong>best bank for home\n<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-housing-loan-in-india\/\"><strong>loan<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-mortgage-loan-in-india\/\"><strong>Best Banks For Mortgage Loan In India<\/strong><\/a><strong><\/strong><\/li><li>Assured low interest rates\nfor<a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>loan against\nproperty in Mumbai<\/strong><\/a>.<\/li><li>Lowest<a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>home loan rates in\nMumbai<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>Instant loan in\nMumbai<\/strong><\/a><strong>.<\/strong><\/li><li>Instant <a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>personal loan in Mumbai<\/strong><\/a> &amp;<a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"><strong>business loan in\nMumbai<\/strong><\/a><\/li><li>Low cost<a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>home loan balance\ntransfer<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<p><strong>Additional Read<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/how-to-apply-online-for-home-loan-mortgage-loan-loan-transfers-by-loanfasttrack\/\"><strong>How To Apply Online For Home Loan, Mortgage Loan &amp; Loan\nTransfers \u2013 By Loanfasttrack<\/strong><\/a><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/housing-loan-benefits-for-women-borrower-in-india\/\"><strong>Housing Loan Benefits For Women Borrowers In India<\/strong><\/a><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-how-to-deal-with-the-increasing-interest-rates-of-housing-loans\/\"><strong>Know How To Deal With The Increasing Interest Rates Of\nHousing Loans<\/strong><\/a><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/everything-you-must-know-before-purchasing-a-land-availing-the-land-loans\/\"><strong>Everything You Must Know Before Applying For A Housing Loan<\/strong><\/a><strong><\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/is-pre-emi-better-than-full-emi-find-out-yourself\/\"><strong>Is pre-EMI is better than full EMI<\/strong><\/a><strong><\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Offers customized home loan plans to eligible borrowers at lowest Kotak Mahindra home loan interest rate starting from 6.75% p.a. for flexible loan tenure of up-to 20 years with processing fees of up-to 0.50% of the loan amount. Key Features &amp; Benefits Of Kotak Mahindra Home Loan: Kotak Bank\/ Kotak Housing Finance is the lowest &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-467","post","type-post","status-publish","format-standard","hentry","category-home-loan"],"_links":{"self":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/comments?post=467"}],"version-history":[{"count":1,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/467\/revisions"}],"predecessor-version":[{"id":469,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/467\/revisions\/469"}],"wp:attachment":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/media?parent=467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/categories?post=467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/tags?post=467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}