Kotak Mahindra Bank Loan Against Property

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Kotak Mahindra Bank offers loans against properties to its customers helping them with a huge sum of money and planning long-term benefits. These loans can be availed against residential, industrial as well as commercial properties. The applicants can avail an amount ranging from Rs 10 lakhs to Rs 3 crores with the maximum tenure period of 12 months. The loan value actually depends on the property value where 55% of the property cost can be availed. These loans are in the form of overdrafts or EMIs.

At loanbaba.com, you can access free-to-use Kotak Mahindra Bank loan against property EMI calculator, check your Kotak Mahindra bank loan against property eligibility, compare loan against property interest rates in Kotak Mahindra Bank. You can apply for loan against property online on Kotak Mahindra's official website.

Who can apply?

These loans can be applied by people individually as well as jointly. One can also add a co-applicant during loan application. The co applicant’s name will be considered before computing the actual loan amount. The co-applicants may be parents, spouse or even minor children.


The property under mortgage behaves like a security until the maturity of the loan. In some instances, the applicant may also be asked to add in more securities in the form of term deposit receipts, LIC policies, etc.

Loan prepayment

The bank provides loan prepayment opportunities where the bank charges a small amount of fee on loan. One has to pay 5% of the outstanding balance during foreclosure of the loan.

Eligibility criteria

  1. These loans are offered to self-employed professionals as well as business owners.
  2. These applicants should be between the age of 21 years to 65 years.
  3. The annual income of the applicants should be at least 1.44 lakh certified by a charted accountant.
  4. The firm or the company should be running for at least 3 years.
  5. The firm should be making profits for at least 2 years.
  6. The applicant shouldn’t be older than 65 years of age during maturity.
  7. In case of self-employed business owners, the firm should be operational from past 6 years with continuous profit making for past 2 years.

The applicants is required to submit an identity proof, address proof, proof of your birth date, bank statement and the latest ITR with disclosed income, profit and loss account and balance sheet for the previous two years. These income statements should be certified by a professional CA.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Kotak Mahindra Bank.