20,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Kotak Home Loan Interest Rates 2021

Kotak Bank Housing Loan Interest Rate -Today

Last Updated 09th Jul 2021

Current Kotak Bank Home Loan interest rates Jul 2021 starts at 6.65% p.a. for a maximum tenure of 20 years. The processing fee on its housing loans is Maximum ₹ 10,000.

Loan AmountKotak Bank Repo Rate Home Loan Rate
Upto ₹ 30 Lakh6.65%
₹ 30 Lakh - ₹ 75 Lakh6.65%
₹ 75 Lakh - ₹ 2 Cr6.65%
Above ₹ 2 Cr6.65%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Current Kotak Bank Home Loan Rate

Today Kotak Bank home loan interest rates are in the range of 6.65% to 7.20%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 6.65%.

Below-mentioned are Kotak Bank home loan rates for multiple housing schemes.

Kotak Bank Home Loan Scheme Interest Rates
Kotak Bank Repo Rate Home Loan 6.65% - 7.20%

Kotak Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in Kotak for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 6.65%
₹ 30 Lakh - ₹ 75 Lakh 6.65%
₹ 75 Lakh - 2 Cr 6.65%
Above ₹ 2 Cr 6.65%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 6.75%
₹ 30 Lakh - ₹ 75 Lakh 6.75%
₹ 75 Lakh - 2 Cr 6.75%
Above ₹ 2 Cr 6.75%

Kotak Bank Home Loan Processing Fee and Other Charges

Kotak Bank charges the maximum processing fees at ₹ 10,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees maximum fee of ₹ 10,000
Foreclosure Charges Nil for floating rate home loans

Kotak Home Loan Balance Transfer Interest Rates

Kotak Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Kotak Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Kotak Bank offers the lowest home loan balance transfer rate of 6.65%.

Illustration on Home Loan Interest Rate Kotak Bank
Maximum Annual Percentage Rate (APR) 6.68% to 7.23%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 20 Years
  • Kotak Bank Home Loan Interest Rate: 6.65% to 7.20%
  • Processing Fee payable to: Upto ₹ 500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 754 for 20 Years ₹ 1,00,000 loan at 6.65% (lowest rate, longest time period) to ₹ 1,990 for 5 Years ₹ 1,00,000 loan at 7.20% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.68% to 7.23%
  • Total cost payable over loan tenure: ₹ 1,18,319 for 5 Years loan to ₹ 1,81,563 for 20 Years loan


What is Kotak Home Loan Interest Rate?

Kotak Home Loan interest rate ranges between 6.65% to 7.20%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has Kotak reduced home loan rates?

As per the current rates, Kotak has cut its home loan rates by 0.1% from 6.75% to 6.65%, which is one of the best rates in the market. The new rates are effective from 22 Jan, 2021.

Why should I opt for balance transfer to Kotak Bank?

Kotak Bank offers lowest Home Loan EMI of ₹ 754 per lakh availed at the lowest interest rate 6.65% for a maximum tenure of 20 years. you are paying an EMI more than ₹ 754 per lakh, you should consider the option for a loan transfer to Kotak Bank from your existing bank.

  • Kotak Bank offers RBI Repo Rate linked Home Loan which starts at 6.65%. Current Repo Rate of RBI is 4.00%. The Bank adds a mark up on RBI’s repo rate which is called Kotak Bank Repo Rate Linked Lending Rate (RLLR). RLLR can change with change in Repo Rate. An additional spread is applied on RLLR which remains the same throughout the tenure. Bank applies a premium of 2.65% to the Repo Rate to arrive at this rate.
  • When RBI increases rates, the bank may increase its Repo Rate linked Home Loan rates by the same basis points for all existing and new Home Loans. When RBI cuts interest rates, the Kotak Home Loan interest rates will reduce the interest rates by the same basis points, which will be effective from the 1st day of the following month.
  • For instance, if RBI slashes Repo Rate by 0.15%, then Kotak Bank Repo Rate linked Home Loan rate will cut from 6.65% to 6.5%.

What is the current Kotak Bank Home Loan rate?

The current Kotak Home Loan rate starts from 6.65% with a processing fee of and Maximum ₹ 10,000.Kotak housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Kotak offers different home loan rates for different home loan products.

Can Kotak Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Kotak to lower the home loan rates.

What are the interest rates of home improvement loans in Kotak?

You can avail of Kotak home loans for home improvement at regular home loan rates starting at 6.65%.

Can Kotak revise the home loan interest rates for their existing customers?

Kotak home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Kotak offer a concessional home loan interest rate for women?

Yes, Kotak offers special home loan interest rates for women. As against Kotak home loan rates for male which is 6.65%, the home loan interest rate for women starts at %.

What is the Kotak home loan rate of ₹ 25 Lakh for 15 years?

Kotak home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Kotak provides home loan interest rate starting at 6.65%.

At what interest rate does an Kotak employee get a home loan?

Kotak offers concessional home loan rates of about 1% than the current home loan rates to Kotak employees.

Is Kotak Bank home loan a floating rate loan or fixed-rate loan?

Kotak home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.

Kotak Bank Home Loan Reviews 4.7/5  by 3 customers
MyLoanCare Service
Banks Service
Amit, Pune
Reviewed on 27th Jan 2021
5 / 5 stars
Kotak Bank Home Loan Availed in Jan 2021

Excellent support by MyLoanCare team. I was able to get loan in short time at very good interest ratRead more...

Rakesh G, Bangalore
Reviewed on 04th Mar 2020
5 / 5 stars
Kotak Bank Home Loan Availed in Feb 2020

Great service from Balram from the beginning to the end. It took a long time for this to happen but Read more...

Dhinesh Palaniappan, Bangalore
Reviewed on 10th Feb 2020
4 / 5 stars
Kotak Bank Home Loan Availed in Dec 2019

MyLoanCare was good But Kotak complicated a few things. Read more...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.50%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Kotak Bank Home Loan News - Jul 2021
  • 2021-07-09 : Kotak Bank Q1 Net Profit seen up 25.6% YoY to Rs. 1,563.4 crores
    Motilal Oswal has come out with its first-quarter earnings estimates for the Banks and Insurance sector. The brokerage house expects Kotak Bank to report a net profit of Rs. 1,563.4 crore up 25.6% year-on-year on all products combined including Personal Loan, Home Loan, Loan Against Property, Business Loan, Gold Loan, and Car Loan. Net Interest Income (NII) is expected to increase by 7.7% Y-o-Y to Rs. 4,011.9 crores.
  • 2021-04-13 : Kotak Mahindra Bank kept its home loan rate unchanged at 6.65%
    Even as some of the banks have hiked their home loan interest rate, Kotak Mahindra Bank has kept the home loan rate unchanged at 6.65%. The interest rate is applicable for both the home loan and balance transfer product. The bank is aiming to increase its share in the housing loan market.
  • 2021-03-02 : Kotak Mahindra cut its home loan rates to 6.65%
    Kotak Mahindra reduced its home loan rates by 10 bps to 6.65% till 31 March 2021. The 6.65% home loan rate is applicable to both home loan and balance transfer.
  • 2021-01-27 : Kotak Mahindra Bank Q3 net profit up 16%
    Kotak Mahindra Bank posted a net profit of Rs 1,853.5 crore as against Rs 1,595.90 crore last year. The bank reported a growth of 16% on a year-on-year basis backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2020-10-20 : Kotak launched 2020 Edition of Khushi Ka Season
    Kotak Bank introduced 2020 edition of Khushi Ka Season. The bank is offering attractive loan rates, loan processing fee waivers and quick online loan approvals on a range of retail and Agri loan segments. Further, customers can avail special offers on banking products including savings accounts, debit & credit cards and no-cost EMI payments
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...