The interest rates on home loans have reduced a lot during recent years. Home loan interest rate is an important factor that helps us decide our home loan lender. Kotak Mahindra Bank offers highly competitive interest rates on their home loan products: 

Loan Type

Loan amount

Effective Rate Of Interest

Salaried – Non Balance Transfer

Any loan amount

6.65% - 7.10%

Self Employed – Non Balance Transfer

Any loan amount

6.75% - 7.20%

Special Balance Transfer Rate – Salaried (valid only till 31st Aug, 2021)

Any loan amount

6.60% onwards

Special Balance Transfer Rate - Self Employed

Any loan amount

6.65% onwards


Also Read: Kotak Mahindra Bank Home Loan Eligibility

What type of interest rate is offered by Kotak Mahindra Bank for Home Loans?

Kotak Mahindra Bank offers floating rates of interest on their home loans. A floating rate of interest is an interest rate that fluctuates over time due to a variety of factors. If the lender raises the rate of interest, the rate of interest rises for all customers who have taken out a home loan at a floating rate, and thus the customer's EMI rises.

How can I calculate my EMI based on the interest rate?

You can use the home loan EMI Calculator available on our website to find the approximate EMI amount you have to shell out every month on your Kotak Mahindra home loan.