Kotak Bank offers Digi Home Loan at attractive interest rates starting at 6.50% p.a. for both salaried and self-employed applicants. The rate is being offered as part of their special balance transfer offer. You can avail a loan amount of up to 90% of the property value in case of a home loan balance transfer. The Kotak home loan is offered with loan tenures of up to 20 years. The bank charges zero processing fee for online applications. The bank also offers its housing loans under the PMAY scheme and concessions for women borrowers.
KOTAK Mahindra Bank Home Loan Interest Rate 2021
Kotak Mahindra Bank offers home loans at attractive interest rates and zero processing fee for online applicants. There are home loans for residents and NRIs, as well as home improvement loans. The interest rates range from 6.50% p.a. – 7.15% p.a.The processing fee is a maximum of 2% of the principal amount + GST. The PMAY interest subsidy is available to borrowers of EWS, LIG, and MIG classes. The loans can be repaid in up to 20 years.
Loan Amount Interest Rate for Salaried Interest Rate for Self employed.
LTV < 80% 6.50% - 6.95% 6.60% - 7.05%
LTV >80%-90% 6.60% - 7.20% 6.70% - 7.15%
KOTAK Mahindra Bank Home Loan Interest Rate 2021
Kotak Mahindra Bank offers home loans at attractive interest rates and zero processing fee for online applicants. There are home loans for residents and NRIs, as well as home improvement loans. The interest rates range from 6.50% p.a. – 7.15% p.a.The processing fee is a maximum of 2% of the principal amount + GST. The PMAY interest subsidy is available to borrowers of EWS, LIG, and MIG classes. The loans can be repaid in up to 20 years.
Loan Amount Interest Rate for Salaried Interest Rate for Self employed.
LTV < 80% 6.50% - 6.95% 6.60% - 7.05%
LTV >80%-90% 6.60% - 7.20% 6.70% - 7.15%
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Kotak Digi Home Loan
Key highlights:
Interest rate (p.a.) : 6.50% to 7.15%
Processing fee: Up to 0.50% of the approved amount + GST
Available for applicants aged between 18 and 65 years
Zero processing fee for online application
Kotak Digi Home Loan
Key highlights:
Interest rate (p.a.) : 6.50% to 7.15%
Processing fee: Up to 0.50% of the approved amount + GST
Available for applicants aged between 18 and 65 years
Zero processing fee for online application
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कोटक डिजी होम लोन
मुख्य विचार:
ब्याज दर (पी.ए.): 6.50% से 7.15%
प्रोसेसिंग शुल्क: स्वीकृत राशि का 0.50% + GST
18 से 65 वर्ष के आयु वर्ग के आवेदकों के लिए उपलब्ध
ऑनलाइन आवेदन के लिए शून्य प्रसंस्करण शुल्क
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Insurance option to cover your home loan available at attractive premiums
Zero charges on prepayment/foreclosure
Kotak Mahindra Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana was started by Prime Minister Narendra Modi in 2015 with a vision to provide a home to all citizens by 2022. Under this scheme, applicants from Economically Weaker Section (EWS), Middle Income Group (MIG) and Low-Income Group (LIG) are eligible to avail interest subsidy. The subsidy is given as a part of the Credit-Linked Subsidy Scheme (CLSS) under PMAY.
Features and benefits of PMAY scheme:
Borrowers will get upfront interest subsidy benefit on the remaining principle
Interest subsidy Net Present Value (NPV) calculated at a discount rate of 9%
You can get a subsidy amount of up to Rs.2.67 lakh
The subsidy is available to individuals earning up to Rs.18 lakh per year.
Subsidy can be availed for a maximum loan amount of Rs.12 lakh
Interest subsidy for up to 20 years or the loan tenure, whichever is lower
Kotak Mahindra Bank Eligibility Criteria
Requirements Salaried Self-Employed
Residency Indian/NRI Indian/NRI
Age 18-60 years 18-65 years
CIBIL Score Above 750 Above 750
Loan Tenure Up to 20 years Up to 20 years
Minimum Net Income Rs.20,000 per month Rs.20,000 per month
Minimum Loan Amount Check with Bank Check with Bank
Maximum Loan Amount Check with Bank Check with Bank
Insurance option to cover your home loan available at attractive premiums
Zero charges on prepayment/foreclosure
Kotak Mahindra Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana was started by Prime Minister Narendra Modi in 2015 with a vision to provide a home to all citizens by 2022. Under this scheme, applicants from Economically Weaker Section (EWS), Middle Income Group (MIG) and Low-Income Group (LIG) are eligible to avail interest subsidy. The subsidy is given as a part of the Credit-Linked Subsidy Scheme (CLSS) under PMAY.
Features and benefits of PMAY scheme:
Borrowers will get upfront interest subsidy benefit on the remaining principle
Interest subsidy Net Present Value (NPV) calculated at a discount rate of 9%
You can get a subsidy amount of up to Rs.2.67 lakh
The subsidy is available to individuals earning up to Rs.18 lakh per year.
Subsidy can be availed for a maximum loan amount of Rs.12 lakh
Interest subsidy for up to 20 years or the loan tenure, whichever is lower
Kotak Mahindra Bank Eligibility Criteria
Requirements Salaried Self-Employed
Residency Indian/NRI Indian/NRI
Age 18-60 years 18-65 years
CIBIL Score Above 750 Above 750
Loan Tenure Up to 20 years Up to 20 years
Minimum Net Income Rs.20,000 per month Rs.20,000 per month
Minimum Loan Amount Check with Bank Check with Bank
Maximum Loan Amount Check with Bank Check with Bank