Kotak Mahindra Bank Home Loan
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Kotak Mahindra Bank Home Loan
Member's Recomendation
| 4 |  |
9 |  |
12 review(s) Expert Review | Write a Review
- Interest Rate
- 11.75% floating
- Pre payment charges
- 2%
- Balance Transfer Charges
(incase of refinance) - 2%
- Part-payment Charges
- Nil
- Switching Charges
(Fixed to Floating or vice-a-versa) - 1.75% - on principal outstanding
- Loan to Value ratio
- 85%
- Speed of Sanction
- 7 working days
- Ease of documentation
- Pre- Approved projects only. Less Documentation
- Customer Service
- Good
- Franking Charges
- 0.2%
Features and Benefits of Kotak Mahindra Bank Home Loan
- High Eligibility for Businessmen
- Doorstep Service
- Attractive Interest Rates
- Simplified Documentation
- Insurance Options to cover your home loans at attractive premium
- Quicker Turnaround time
Documents Required for Kotak Mahindra Bank Home Loan
Salaried Individual
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Self Employed
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Expert Review of Kotak Mahindra Bank Home Loan
User Reviews
- Product Rating -
Average user rating
- Member's Recomendation
By: Harjeet, Chandigarh | 24 October 2009
I have a floating home loan with Kotak Mahindra bank, they offer you lower interest rates when you are taking home loan and then whenever RBI sneezes they will increase interest rates by 0.5 %. I have...[Read]
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- Member's Recomendation
By: kiran, Pune | 31 March 2010
Unfortunately, i had taken a loan from Kotak Mahindra Bank this year in March. The main problem is the staff at Kotak (House Finance division) is inefficient, very laid back, lethargic, indecissive an...[Read]
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Please do consider your decision of staying with Kotak.
By: anshumittal246, Ahmedabad | 04 May 2010
On November 01, 2008, I received a letter dated 15-October 2008, whereby the bank informs me of an increase in the home loan interest rates. I am surprised to receive their letter of an increase in ho...[Read]
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I repent taking a home loan with KOTAK bank
By: narci2000, Mumbai | 02 May 2010
I repent taking a home loan with KOTAK bank. My CRN is 1471128. Please find the details of my agony below Aug 08:- The Call center does not have access to home loan details, but the saddest part is th...[Read]
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Kindly provide me justice in closing the home loan at Kotak Mahindra Bank
By: shylaja srinivas, Bangalore | 01 May 2010
Housing Loan Account No. 406178 AGAINST KOTAK MAHINDRA BANK Customer ID No.18126723 Loan Amount sanctioned : 21, 88, 977/- Amount Disbursed : 11, 46, 440/- 1. I had availed Home Loan from M/s. Kotak M...[Read]
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Looking the jet raise in the Rate of interest, i have decided to shift the home loan
By: pushpanathan.k, Ahmedabad | 29 April 2010
Dear Sir I have availed Home loan from Kotak Mahindra Bank. Initially they charged 11.75% as interest rate and then within two months it was raised to 12.75% from October 2008 on wards it was raised t...[Read]
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Is it true that tenure can\'t be increase beyond 20 yrs?
By: nilesh, Kolkata | 27 April 2010
Hi I have taken a home loan from Kotak Mahindra Bank 1 yr ago. It was 11.25% floating which they have increased to 13.5% ... Can u Imagine !!! They have increased this 2 time without inecreasing the t...[Read]
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By: pankaj banthia, Ahmedabad | 25 April 2010
Dear Team, I have a INR 21 Lac Home Loan with Kotak Mahindra Bank which is 2 years old. Despite the Home Loans rate dropped by most of the banks to 8% to 9%, bank has kept my Rate of Interest ROI @ 11...[Read]
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they are saying only the tenure would be revised and not the loan EMI
By: lomesh maniar, Ahmedabad | 23 April 2010
I had taken a loan from Kotak Mahindra Bank the Rate of interest kept on increasing because of infationary pressures, but after the inflationary pressures have reversed and the economy is going throug...[Read]
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now kotak is ready to give sanction letter, or half the amount which i did not accept
By: santana, Mumbai | 21 April 2010
After I thought of buying my dream home i was trying different banks , then i got a call from Kotak Mahindra Bank. I submitted all my documents and gave them the processing fee cheques to the executiv...[Read]
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By: Saravanan, India | 29 September 2011
Absolutely pathetic service. I have a home loan with this bank. My list of issues with this bank is endless. I wanted to pre-close and get out of this worthless bank. But the prepayment charges don'...[Read]
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By: Alok, India | 27 July 2011
I have never received any interest rate revision intimation though interest revised. I have never received a loan statement. No Access to any information. ECS submitted 5 months back recorded after ...[Read]
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