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Compare Kotak Bank vs Axis Bank Home Loan

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Bank
Interest Rate
Interest Rate
7.00% - 7.50%
7.15% - 7.45%
Processing Fees
Processing Fees
Upto 0.50%
Max ₹ 10,000
Max ₹ 10,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 2 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 775
₹ 675
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
24 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
Y - Super Saver Home Loan
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.7/5.0
4.4/5.0
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Compare Home Loan EMI of Kotak Bank and Axis Bank

Loan Amount Kotak Bank Axis Bank
₹ 10 Lakh ₹ 7,753 ₹ 6,754
₹ 25 Lakh ₹ 19,382 ₹ 16,885
₹ 30 Lakh ₹ 23,259 ₹ 20,262
₹ 50 Lakh ₹ 38,765 ₹ 33,770

Which is a better bank for Home Loan – Kotak Bank or Axis Bank?

Axis Bank offers lower Home Loan EMI at ₹ 675 on a Home Loan for 30 Years as compared to Kotak Bank with a minimum EMI of ₹ 775 for 20 Years. Average customer ratings for Axis Bank is currently at 4.4/5.0 which makes it a good choice for taking a Home Loan.

How does Kotak Bank Home Loan compare with Axis Bank Home Loan?

It is important to do a detailed comparison of Kotak Bank and Axis Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Kotak Bank Home Loan is 7.00%, which is lower than the lowest interest rate of Axis Bank at 7.15% and hence, Kotak Bank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Axis Bank charges a lower processing fees of Nil vs Kotak Bank with a processing fees of 0.50% of loan amount.
  • Axis Bank is a with its Home Loan rates benchmarked to RLLR. On the other hand, Kotak Bank is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • Kotak Bank has an average customer ratings of 4.7, while Axis Bank has an average customer rating of 4.4, based on which it is clear that Kotak Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • One unique feature of Axis Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Which bank offers a lower interest rate on Home Loan – Kotak Bank or Axis Bank?

As per the current rates, Kotak Bank offers a lower interest rate of 7.00% on Home Loan when compared to Axis Bank which offers a Home Loan at 7.15%.

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*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
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