Kotak Mahindra Bank

Kotak Mahindra Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating Rate of Interest : 11.00  % to 15.50 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 year  to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.5 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Kotak Mahindra Bank

Kotak Mahindra Bank is one of the leading finance groups. It is leading finance group in India. Kotak Mahindra Bank is an Indian Private Sector bank. It’s headquartered in Mumbai, Maharashtra, India.Kotak Mahindra offers a wide range of banking products and financial services for corporate and, retail customers through a variety of delivery channels and specialized subsidiaries.It is subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.Kotak Mahindra bank has a wide network. Kotak Mahindra has a network of 1,369 branches across 689 locations and 2,163 ATMs in the Country.


Your Eligibility depends on following

You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:


Loan Type

Rate of interest


Loan Against Property(Floating)

11% to 15.5%

Existing Loan take over or New Loan

Here are some points for this:

  • Flexible Loan tenure facilitating easy repayment
  • Maximum loan tenure is 15 years
  • Minimum loan amount is of Rs 10 lakhs
  • It extends the facility of overdraft and EMI based loan

Features of Loan

Features and Benefits of Kotak Mahindra Loan against property:

  1. Loans amounts ranging from 10 lakhs to Rs. 3 crores
  2. Ease of repayment through flexible loan tenure
  3. Flexible loan offerings - EMI based loan or Overdraft facility available
  4. Loans available against residential as well as commercial properties
  5. Flexible loan eligibility for businessmen
  6. Funds all your needs such as funding existing business, debt consolidation, emergencies, education, etc

Documents required for Kotak Mahindra Bank  Loan against Property

The following documents are required for HDFC Loan against property:

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.