15 Lakh Home Loan Kotak Bank

Kotak Mahindra Bank offers a wide range of home loans in India to help people buy their dream home. We understand the importance of making the right decision because it is an important investment. That's why we offer comprehensive information on Kotak Home Loan of 15 Lakhs, including interest rates, eligibility criteria, and customisable loan products. Whether you are a first-time home buyer, upgrading to your dream home or planning to reduce loan EMIs by moving, we have the perfect solution to suit your needs. Urban Money provides helpful resources to help you make an informed decision.

Kotak Home of 15 Lakhs – Highlights

Here is a quick snapshot of the basic highlights for the Kotak Home Loan of 15 Lakhs

Kotak Home Loan of 15 Lakhs EMI for 10 Years

With an interest rate of 8.70%, customers can expect the following EMI breakdown for 10 years. 

Kotak Home Loan of 15 Lakhs EMI for 20 Years

With an interest rate of 8.70%, customers can expect the following EMI breakdown for 20 years.

Kotak Home Loan of 15 Lakhs – Fees and Charges

The processing fee for a Kotak Home Loan is 0.5% of the loan amount or a fixed ₹5,000, non-refundable. Any document copies are charged at ₹250 plus taxes. Changing the repayment mode incurs a fee of ₹500 plus taxes, while a conversion fee of 0.5% applies to the principal outstanding. Rescheduling the loan term involves a ₹500 charge plus taxes.

Kotak Home Loan of 15 Lakhs – Documents Required 

Other than the identification and residence documents, here are those required for a Kotak home loan of 15 Lakhs. 

Kotak Home Loan of 15 Lakhs – Eligibility Criteria

Applicants must fall within the age bracket of 18 to 60 years to be eligible for a Kotak Home Loan. The income requirement starts from INR 20,000, with a minimum net income of INR 2,40,000 annually. Also, a bachelor’s degree is necessary to meet the educational qualification criteria.