Kotak Mahindra Bank
Kotak Mahindra Bank Home Loan Features and Benefits
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Loan Amount
Kotak Mahindra Home Loan offers a wide range of loan amounts, reaching up to ₹15 Crores, catering to individuals across different financial segments and fulfilling diverse housing needs
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Interest Rates
Competitive interest rates starting from 8.75 % for eligible applicants.
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Prepayment/Foreclosure Charges
Zero or minimal charges on prepayment or foreclosure, allowing you to reduce your loan tenure without extra costs.
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Affordable Processing Fees
starting at just 0.35%, the processing fee for an Kotak Mahindra Home Loan remains competitive and is based on eligibility and the specific loan type chosen.
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Application Process
Simple and quick online application process with immediate confirmation and follow-up.
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Flexible Tenure
Choose a repayment tenure up to 30 years for easy and affordable EMIs, tailored to your financial comfort.
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Balance Transfer Facility
Transfer your existing home loan to Kotak Mahindra Bank and enjoy lower EMIs with competitive interest rates.
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Minimum Documentation
Streamlined documentation requirements to ensure a quick and hassle-free loan processing experience.
Key Benefits of Kotak Mahindra Bank Home Loans
- Attractive Interest Rates: Get access to some of the best home loan interest rates starting at 8.7% p.a., designed to make EMIs affordable.
- Flexible Tenure: Choose a repayment tenure of up to 20 years, allowing you to manage your monthly payments comfortably.
- High Loan Amount: Avail of high-value home loans for property purchases or construction, with financing up to 90% of the property value.
- Balance Transfer Facility: Save on interest by transferring your existing home loan to Kotak Mahindra Bank, benefiting from better rates and reduced EMIs.
- Quick Approvals & Easy Documentation: Enjoy a streamlined application process with minimal paperwork, ensuring fast approvals and disbursals.
Kotak Mahindra Bank Home Loan Documentation
For Salaried Individuals:
- Completed application form, ID proof (Aadhaar, Passport), Address proof, Last 3 months' payslips, and Bank statements.
For Self-Employed:
- Completed application form, ID proof, Address proof, ITR for last two years, and business financial statements.
Tax Benefits on Kotak Mahindra Bank Home Loans
Enjoy tax savings on home loans under various sections of the Income Tax Act:
1. Section 80C: Claim up to ₹1.5 lakh on principal repayment.
2. Section 24(b): Deduct up to ₹2 lakh on interest payments for self-occupied properties.
3. Section 80EE: Additional deduction of ₹50,000 for first-time homebuyers.
Kotak Mahindra Bank Home Loan Interest Rates
Kotak Mahindra Bank offers competitive home loan interest rates that vary based on your profile and loan tenure. Check the latest rates or use our Home Loan EMI Calculator to estimate your monthly payments.
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How to Apply for Kotak Mahindra Bank Home Loan
You can apply for Kotak Mahindra Bank Home Loan online on SuGanta by following the given steps:
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