Home loan rates · verified 23 Aug 2026
Kotak Home Loan Interest Rate 2026
Kotak Mahindra Bank's home loan interest rate starts at 7.60% p.a.; Kotak does not publish an upper bound (verified 23 Aug 2026 from kotak.bank.in). At 7.60%, a ₹50 lakh loan over 20 years costs ₹40,586 a month.
Best for urban salaried borrowers wanting competitive rates from a private bank with quick digital sanction.
Starting rate
7.60% p.a.
#5 lowest of 8 banks we track
Highest published
Not published
Get your spread in writing
Fee on ₹50 lakh
₹5,900–₹1,23,900
Including 18% GST
Max tenure
25 years
7 – 10 working days
RBI raised the repo rate to 5.50% on 7 Oct 2026
Kotak Home Loan EMI
Monthly EMI over 20 years at Kotak's published rates, and at the starting rate plus the 0.25% repo hike.
| Loan amount | At 7.60% | At 7.85% (after hike) |
|---|---|---|
| ₹25 lakh | ₹20,293 | ₹20,678 |
| ₹50 lakh | ₹40,586 | ₹41,356 |
| ₹75 lakh | ₹60,879 | ₹62,035 |
| ₹1 crore | ₹81,172 | ₹82,713 |
Reducing-balance EMI over 20 years (240 months), rounded to the rupee. Excludes processing fee and insurance. Your rate depends on your CIBIL score, income type and loan-to-value ratio.
₹50 lakh at 7.60%: what tenure costs you
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 10 years | ₹59,612 | ₹21,53,460 | ₹71,53,460 |
| 15 years | ₹46,635 | ₹33,94,338 | ₹83,94,338 |
| 20 years | ₹40,586 | ₹47,40,626 | ₹97,40,626 |
| 25 years | ₹37,275 | ₹61,82,620 | ₹1,11,82,620 |
Kotak's maximum home loan tenure is 25 years. A longer tenure lowers the EMI but adds interest; prepaying early in the loan saves the most.
Kotak Home Loan Processing Fee with GST
Kotak publishes its processing fee as Up to 2% (+ ₹5,000 non-refundable login fee). 18% GST is charged on top, and the fee is deducted from your disbursal, so it raises the true cost (APR) of the loan.
| Loan amount | Fee | GST (18%) | You pay |
|---|---|---|---|
| ₹25 lakh | ₹5,000–₹55,000 | ₹900–₹9,900 | ₹5,900–₹64,900 |
| ₹50 lakh | ₹5,000–₹1,05,000 | ₹900–₹18,900 | ₹5,900–₹1,23,900 |
| ₹75 lakh | ₹5,000–₹1,55,000 | ₹900–₹27,900 | ₹5,900–₹1,82,900 |
| ₹1 crore | ₹5,000–₹2,05,000 | ₹900–₹36,900 | ₹5,900–₹2,41,900 |
Kotak publishes only a ceiling ("up to 2.00%"), so the low figure is the flat charge alone; negotiate the % before you apply. Includes the ₹5,000 non-refundable login fee. Stamp duty, legal and valuation charges are extra.
How Kotak Prices Against the Repo Rate
Every repo-linked loan is the RBI repo rate plus a spread the bank sets for you. The spread is what you actually negotiate, and under RBI's rules it stays fixed for the life of the loan unless your credit profile changes substantially. See spread and RLLR.
Kotak's benchmark
Repo Linked Lending Rate (RLLR)
7.60% p.a. onwards. Kotak publishes neither an upper limit nor its RLLR markup.
That is a spread of 2.35% and up over the repo rate. At today's 5.50% repo, the same spread gives 7.85%.
| Bank | Lowest spread | Highest spread | Rate range |
|---|---|---|---|
| Bank of Baroda | +1.95% | +3.70% | 7.20% – 8.95% |
| PNB | +1.95% | +5.00% | 7.20% – 10.25% |
| SBI | +2.00% | Not published | 7.25% onwards |
| ICICI | +2.25% | +4.55% | 7.50% – 9.80% |
| Kotak | +2.35% | Not published | 7.60% onwards |
| HDFC | +2.50% | +7.95% | 7.75% – 13.20% |
| Axis Bank | +2.75% | +3.85% | 8.00% – 9.10% |
| Yes Bank | +3.40% | Not published | 8.65% onwards |
Spread = published rate minus the 5.25% repo rate on the verification date (23 Aug 2026). A lower spread means a cheaper loan whatever RBI does next.
Kotak vs Other Banks
Kotak's 7.60% starting rate ranks #5 of 8. Bank of Baroda and PNB start at 7.20%; on ₹50 lakh over 20 years, borrowing at Kotak's starting rate costs ₹2,92,436 more in interest. Starting rates go to the strongest profiles, so compare the rate you are actually offered.
Before You Sign: Kotak Home Loan Checks
Checks specific to this lender's published terms. Ask for the Key Facts Statement before you sign: RBI requires it to show every charge and the APR.
Get your spread in writing
Kotak publishes only its floor rate (7.60%). The rate you are sanctioned can be higher. Make sure the sanction letter states the spread over the benchmark, not just today's rate.
Choose floating to keep prepayment free
Kotak's prepayment terms: NIL (floating, individual) · 1%/yr of residual tenure, capped 3% (fixed). RBI bars foreclosure charges on floating-rate home loans to individuals, so a fixed or hybrid rate gives that up.
The login fee is not refundable
Kotak charges a ₹5,000 login fee on top of the processing fee. You pay it on application and lose it if you are declined or walk away, so shortlist before you apply.
Insurance is optional: you can refuse it
Kotak does not require home loan insurance. A single-premium policy added to the loan amount also accrues interest for the whole tenure. If you want cover, a separate term plan is usually cheaper.
Ask how often your rate resets
Repo-linked loans reset on a schedule, often quarterly. Ask Kotak for the reset dates, and whether a rate change raises your EMI or extends your tenure by default.
More traps to watch for: loan red flags and the Key Facts Statement.
Kotak Home Loan: All Terms
Every figure with its source. Last verified 23 Aug 2026.
| Term | Kotak | Source |
|---|---|---|
| Interest rate | 7.60% p.a. onwards | kotak.bank.in |
| Rate type & benchmark | Floating / Repo-linked (EBR) | kotak.bank.in |
| Processing fee | Up to 2% (+ ₹5,000 non-refundable login fee) | kotak.bank.in |
| Prepayment / foreclosure | NIL (floating, individual) · 1%/yr of residual tenure, capped 3% (fixed) | rbi.org.in |
| Processing time | 7 – 10 working days | kotak.bank.in |
| Maximum tenure | 25 years | kotak.bank.in |
| Maximum loan amount | ₹40 Cr | kotak.bank.in |
| Insurance bundling | Optional | irdai.gov.in |
| Government schemes | Yes (PMAY-U 2.0) | pmay-urban.gov.in |
How we collect and check these numbers: methodology. We take no commission from Kotak or any lender.
Frequently Asked Questions
What is the Kotak home loan interest rate today?
Kotak home loan rates start at 7.60% p.a. as verified on 23 Aug 2026 from kotak.bank.in. Those rates were set when the repo rate was 5.25%. RBI raised it to 5.50% on 7 Oct 2026, so expect Kotak's repo-linked rates to start around 7.85% once it updates its card.
What is the Kotak home loan EMI on ₹50 lakh for 20 years?
At Kotak's starting rate of 7.60%, the EMI on ₹50 lakh over 20 years is ₹40,586 a month, with ₹47,40,626 paid in interest. After the 7 Oct 2026 repo hike, at 7.85%, it is ₹41,356.
What is the Kotak home loan processing fee?
Kotak charges Up to 2% (+ ₹5,000 non-refundable login fee). On a ₹50 lakh loan that is ₹5,900 to ₹1,23,900 including 18% GST.
Can I prepay my Kotak home loan without charges?
Kotak's published terms: NIL (floating, individual) · 1%/yr of residual tenure, capped 3% (fixed). RBI rules bar foreclosure and part-payment charges on floating-rate home loans taken by individuals.
Is Kotak cheaper than other banks for a home loan?
Kotak's 7.60% starting rate ranks #5 of 8 banks we track; the lowest is 7.20% (Bank of Baroda, PNB). Starting rates go to borrowers with strong credit scores, so compare the rate you are actually offered.
Work Out Your Own Numbers
Home Loan EMI Calculator
Plug in Kotak's rate, your amount and tenure, plus fees and tax benefits.
Rate Predictor
Estimate the rate your credit profile is likely to get.
Home Loan Prepayment Calculator
See how much a part-payment saves on a floating-rate loan.
Affordability Checker
Check your FOIR before the bank does.
Other Banks' Home Loan Rates
Educational information, not financial advice or a loan offer. Rates are as published by Kotak Mahindra Bank on the verification date; your sanctioned rate depends on your credit profile. Confirm the final terms in the Key Facts Statement before you sign.