Kotak Mahindra banks also provides home Loan to its customers. It provides the loan to both salaried and self-employed persons. The age of loan applicant should be minimum 21 at the time of sanction of loan and a maximum of 65 years at the time of maturity of the loan with a minimum annual income of Rs. 1, 44, 000. The loan amount is totally dependent on your borrowing capacity and income stability.

The processing fee for the loan is 0.5% of the total loan amount sanctioned. The loan amount can be between Rs. 2 lakhs to Rs. 1 crore and upto 85% of the value of property you want to buy. The loan repayment tenure is between 5 years to 25 years. The rate of interest levied by it is floating and is 11.25% to 11.50%. The property you want to buy with the loan is itself kept as security for loan.