Kotak Mahindra Kotak Loan Against Property

A Mortgage Loan from Kotak Mahindra Bank to meet your financial needs

Unleash the power of your fixed assets to consolidate your debts and live a stress-free life

Kotak Mahindra Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their residential, commercial or industrial property to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Features of Kotak Mahindra Bank Mortgage Loan

Why this Loan?

  • The Kotak Mahindra Bank Loan Against Property is meant for salaried or self-employed individuals who want to avail financial assistance by mortgaging their property to meet their urgent financial needs other than for capital market, trading or speculative purposes
  • This loan can also be availed as a consolidation loan to pay off debts

Loan Amount

  • The loan amount to be sanctioned under this loan scheme is Rs. 5 crore


  • As of October 2020, the interest rate applicable to this loan may range from 10.50% to 11.25%


  • This loan must be repaid within 15 years. The loan must be repaid before the borrower turns 60 years for salaried individuals and 65 years for self-employed individuals

Margin Money (Borrower’s Contribution to Total Cost)

  • As of June 2020, this information is not mentioned on the bank’s website. If you want more details, we suggest talking to a bank representative before applying for this loan


  • The borrower should be an Indian resident above the age of 21 years
  • Permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies with a minimum monthly income of Rs. 40,000 are eligible
  • Self-employed individuals with a minimum annual income of Rs. 1.8 lakh are eligible

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property to secure this loan

Processing Charges

  • The bank charges up to 3.00% of the loan amount for processing the loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • Kotak Mahindra Bank Website: www.kotak.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 266 2666, 1800 209 0000