What Kotak Mahindra Bank charges for a home loan, what it costs in rupees, and how it compares with every other provider we track.
| Advertised rate | 7.60% p.a. onwards |
|---|---|
| What it means | Kotak Mahindra Bank can charge up to 9.50% for this product. The advertised figure is a starting rate, not an offer. |
Updated 17 Sep 2026 · Lender rate pages, checked individually
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|
| 7.60% | 9.50% | Repo-linked (EBLR) | Up to 2% + taxes (₹5,000 collected upfront at login) |
Updated 17 Sep 2026 · Lender rate pages, checked individually
What that costs in rupees
On ₹50,00,000 over 20 years.
| EMI at 7.60% | ₹40,586/month |
|---|---|
| Total interest | ₹47,40,627 |
| EMI at the 9.50% maximum | ₹46,607/month |
| Extra interest at the maximum rate | ₹14,44,948 |
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.
Put your own amount and tenure into the EMI calculator to see where you sit between those two figures.
How it compares
Kotak Mahindra Bank is the 8th cheapest of the 12 providers we track — 0.45% above Canara Bank, LIC Housing Finance and Union Bank of India at 7.15%. The whole field is on home loan interest rates today, and the ranked shortlist is at best home loans in India.
What moves this rate
Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
The advertised rate is a starting point, not an offer. It goes to the strongest applicants: a high credit score, a big down payment and usually a salaried job at an approved employer. The maximum in the table above is the bank’s own upper limit. Where you land between the two is set by your credit score, not by bargaining — how to improve your credit score is the lever that actually works here.
Read the fee together with the rate, not separately. Where a fee is quoted without tax, add 18% GST to get what you actually pay. On a big, long loan the rate matters most. On a smaller or shorter one, a low rate with a high fee is often the costlier deal.
Because this loan is repo-linked and floating, there is no prepayment charge for an individual borrower, and a switch to a cheaper lender is open to you at any point — see home loan balance transfer before you accept a rate at the top of the band.
Other Kotak Mahindra Bank products
| Product | Advertised rate |
|---|---|
| Personal loan | from 10.99% |
| Fixed deposit | from 6.50% |
as of 2026-09-17 · Lender rate pages, checked individually
Sources
- Credsir home loan rate table — Lender rate pages, checked individually — as of 2026-09-17
Terms change without notice. Confirm the current figures with Kotak Mahindra Bank before you act.
Related reading
Kotak Mahindra Bank Fixed Deposit
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