Product Details
Bank Name
Kotak Mahindra Bank
Maximum Loan Tenure
20
Maximum Loan Amount
No cap.
Interest Rate
Salaried individuals: 8.75 % to 9.35 %
Self-employed individuals: 8.80 % to 9.60 %
Type
Floating
Down Payment
Fees and Charges
Processing fee: 0.25 % to 2.00%. Prepayment/Foreclosure charges: NIL for Term Loans given to Individual Borrowers for non-business end use. Penal Interest (in case of late payment): 2% per month (plus taxes and any other applicable statutory dues) on unpaid EMI amount for delayed period. Late Payment Penalty: 30% (plus taxes and any other applicable statutory dues) of cheque/instrument dishonour charges plus penal interest. Legal charges: At actuals.
Minimum CIBIL Score
Down Payment and Fees
Kotak Mahindra Bank Home Loan
Special Features
Eligibility Criteria
Special Concession
Home Saver Option
Features, Eligibility and Concession
Pros
Cons
Pros & Cons
Application Procedure
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