Kotak Mahindra Bank Home Loan Balance Transfer

Kotak Mahindra Bank Home Loan Balance Transfer (HLBT) Highlights
Interest Rate	8.75% p.a. onwards
Tenure	Up to 20 years, or outstanding tenure of proposed loan

Rates as of 22nd November 2024

Kotak Home Loan Balance Transfer Interest Rates

Kotak Mahindra Bank Home Loan Balance Transfer interest rates are the same as the interest rates for Kotak Mahindra Bank Home Loan. The interest rates for Kotak Bank Home loan balance transfer start from 8.75% p.a. onwards depending on the employment type of the applicant.

Applicant Type	Interest Rates (p.a.)
Salaried	8.75% onwards
Self-employed	8.75% onwards

Compare Kotak Bank Home Loan Balance Transfer Interest Rates with Other Lenders

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50%-9.85% p.a.	8.50%-9.85% p.a.	8.50%-9.85% p.a.	Apply Now
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
LIC Housing Finance	8.50% - 10.35% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Apply Now
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Apply Now
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Apply Now
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Apply Now
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Apply Now
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Apply Now
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Apply Now
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Apply Now
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Apply Now

Eligibility Criteria for Kotak Mahindra Bank Home Loan Balance Transfer

For Individuals

• Minimum age of the applicant should be 18 years at the time of home loan application.
• Maximum age of the applicant should be 60 years (65 years for self-employed) at the time of loan maturity.
• Minimum monthly income of the applicant should be Rs 15,000 (Rs 20,000 for residents of Delhi, Mumbai, Pune, Bangalore and Chennai) .
• Individuals employed with a private limited company or a partnership firm should have a Bachelor’s degree.
• No minimum qualification is required for applicants employed with Public Limited Company/MNC/Public Sector Undertaking.

For HINDU Undivided Family (HUF)

• Minimum net income- Rs 1.8 lakh p.a. (Rs 2.4 lakh p.a. in Delhi, Mumbai, Bangalore, Chennai and Pune)
• Should have existed for at least 3 years
• Applicant or co-applicant should be Karta of HUF

Documents Required for Kotak Mahindra Bank Home Loan Balance Transfer

For Salaried Individuals:

• ID Proof and Address Proof- PAN/Voter ID/Driving License/Passport
• Income Proof- Bank statements/salary slips/Latest Form 16/ITR
• Signature proof
• Proof of educational qualifications

For Self-employed Individuals:

• ID Proof and Address Proof- PAN/Voter ID/Driving License/Passport
• Income Proof and Banking Details- Current account statement/ITR/Balance sheet and P&L statements attested by CA
• Proof of educational qualifications
• Signature Proof

How to Apply for Kotak Mahindra Bank Home Loan Balance Transfer

Applicants can apply for Kotak Bank Home Loan by either visiting the bank branches or by applying through the ‘Apply Now’ section or ‘Request a call back’ option provided in its website. They can also visit financial marketplaces like Paisabazaar to apply for Kotak Mahindra Bank Home Loan Balance Transfer.