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Home Loan EMI Calculator

Loan Amount
₹1 Lac₹2 Cr
Tenure (years)
130
Interest Rate (% P.A.)
%
0.515

Monthly Home Loan EMI

12,505

Total Interest Amount

5,00,694

Total amount payable

15,00,694
Need more information?

Supported Home Loan Bank EMIs

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Kotak Mahindra Bank

1. HOME LOAN ELIGIBILITY

  • Age: 18-60 years (Salaried); 18-65 years (Self-employed)

  • Income

    • Residents of Delhi, Mumbai, Bangalore, Pune, Hyderabad and Chennai: Minimum monthly income of Rs.20,000

    • Residents of other cities: Minimum monthly income of Rs.15,000

  • Qualification: 

    • Private Limited Company or Partnership Firm Employees: Minimum qualification required is a Bachelor’s degree.

    • Public Limited Company, MNC, Government, or Public Sector Employees: No minimum qualification required.

2. HOME LOAN CHARGES

Processing Fees:

  • Upto 2% of loan amount (plus taxes and any other applicable statutory dues)

  • Note: Upfront Processing Fee of ₹ 5,000 (plus taxes and any other applicable statutory dues) shall be collected at the time of login which is non-refundable.

  • (Non-refundable fee will be adjusted in overall Processing Fee before disbursement)

Document Photocopy: ₹500 + taxes

Delayed Payment Charges: 18% p.a.

3. HOME LOAN INTEREST RATES

Customer Type

Effective Rate Of Interest

Floating Category (Repo Rate: 5.50% p.a.)

For Salaried & For Self-employed

7.70%* p.a. onwards

For existing customers switching from an Adjustable Interest Rate to a Fixed Rate*

12% p.a. onwards (Fixed Rate)

For existing customers switching from a Fixed Rate to an Adjustable Interest Rate*

ROI applicable would be the then prevailing floating rates, linked to External Benchmark Lending Rate (Repo Rate) only


To estimate your EMIs accurately, you can use the HouseGyan Home Loan Calculator for instant results.

4. DOCUMENTS REQUIRED FOR HOME LOAN

  • Identity Proof: PAN, Passport, Voter ID

  • Income Proof: Salary slips, IT returns

  • Property Documents: Title deeds, Agreement, All Documents

5. FEATURES & BENEFITS OF HOME LOAN

  • Attractive Interest Rates

  • 50% off Processing Fees for digital applications

  • Customizable Repayment Tenure

  • Minimal Documentation and Quick Processing


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