Kotak Mahindra Bank Loan Against Property

Kotak Mahindra Bank Loan Against Property starting at just 9.10% p.a.

Kotak Mahindra Bank offers Loan Against Property (LAP) solutions that enable you to unlock the value of your property to meet your financial needs. Read More...

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Kotak Mahindra Bank Loan against Property Highlights

Loan AmountUp to 50 Cr
TenureUp to 25 years
Rate of Interest9.10% p.a. onwards
Processing Fee1% plus GST and Statutory dues. (Non-refundable)
Prepayment/Foreclosure ChargesNil

Kotak Mahindra Bank Loan Against Propertys Comparison Table

Compare Kotak Mahindra Bank Loan against Property interest rates with other lenders to find the best deal. See how Kotak Mahindra Bank’s competitive rates stack up in our comprehensive comparison table.

Name of LenderAmount Up toInterest RateTenure
Axis Bank5 cr10.05% OnwardsUp to 25 years

Kotak Mahindra Bank Loan against Property EMI calculator

Enter the loan amount, interest rate, and loan tenure into theKotak Mahindra Bank loan against property EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000

Kotak Mahindra Bank Loan Against Property Eligibility

Overdraft Facility

Top-up Loans

Overdraft Facility

  • Loan Amount: Up to Rs. 5 crore.
  • Tenure: Flexible repayment options.
  • Interest Rates: Competitive interest rates.
  • Repayment: Overdraft facility with flexible repayment options.

Kotak Mahindra Bank Loan Against Property Processing Fees and Charges

Kotak Mahindra Bank Loan against Property Charges

Kotak Mahindra Bank Loan against Prepayment Charges

1% plus GST and Statutory dues. (Non-refundable)

How to Apply for Kotak Mahindra Bank Loan Against Property?

Prospective borrowers interested in an Kotak Mahindra Bank Loan Against Property have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the Kotak Mahindra Bank Official Website

  1. Visit the Kotak Mahindra Bank Loan Against Property official website.
  2. Click on Apply now
  3. Enter the necessary details to determine the eligible loan amount.
  4. Complete the required information on right side and tap "Submit".

Documents Required for Kotak Mahindra Bank Loan against Property

Following is the list of documents required for different categories of customers


Kotak Mahindra Bank Loan against Property list of documents for Salaried

Kotak Mahindra Bank Loan against Property list of documents for Self-employed professionals

Kotak Mahindra Bank Loan against Property list of documents for Self-employed

Kotak Mahindra Bank Loan against Property list of documents for Salaried

  1. Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
  2. Income proof, such as the last 3 months' salary slip, the latest Form 16, and a six-month bank statement.
  3. A Cheque for The Processing Fee for The Loan Application.
  4. Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.
  5. Title deeds including previous chain of property documents

Kotak Mahindra Bank Loan Against Property FAQ’S

Here are some of the frequently asked questions with regards to Kotak Mahindra Bank Loan Against Property


A Loan Against Property is a secured loan where you can mortgage your residential, commercial, or special-use property to obtain immediate funds for various needs, such as business expenses or personal requirements. In an LAP, the property you own, which has a clear title, is used as collateral with Kotak Mahindra Bank to provide you with financial assistance.
Kotak Mahindra Bank’s Loan Against Property is available for salaried individuals aged between 25 and 65, who need funds for wedding expenses, child’s education, medical treatment, property purchase, debt consolidation, or other purposes. Self-employed individuals with their own business or practice can also apply, provided they meet the age criteria of 25 to 65 years. Medical professionals can easily qualify for a LAP and receive instant approval for loan amounts up to 75% of their property value. The loan is also available for industrial or special-use properties, with a tenure of up to 15 years.
You can avail an Kotak Mahindra Bank Loan Against Property for a maximum tenure of up to 15 years.
To avail a Loan Against Property, you need to mortgage your property. This property, which can be residential, commercial, or special-use, must be well-constructed, have a clear title, and be free from legal complications. It will act as security against the loan amount.
For both salaried and self-employed individuals, the following documents are required: Identity & Address Proof: Aadhaar Card, PAN Card, Passport, or Voter ID Income Proof: 6 months' bank statements, 3 months' salary slips, Income Tax Returns (ITR) or Form 16 for salaried individuals. Self-employed individuals need a business existence document of a minimum of 5 years and ITR of 3 years. Property Documents: Title Deed, No Encumbrance Certificate, and previous chain of ownership documents. Passport Size Photos: To affix on the LAP application form.
Kotak Mahindra Bank allows you to mortgage residential, commercial, or special-use properties (owned or rented) for a LAP. This includes properties like schools, warehouses, industrial buildings, or nursing homes with a capacity of 30 beds.
Yes, an overdraft facility is available to all customers. It provides a credit limit that you can withdraw from as needed during the loan tenure, and interest is charged only on the amount utilized.
Kotak Mahindra Bank offers a loan amount of up to 75% of the property value. The loan amount depends on the overall condition, age, and prevailing market value of the property. This is known as the Loan to Value (LTV) ratio, which varies by the type of property.
LAP can be used for various purposes, including wedding expenses, child’s higher education, medical emergencies, purchasing a new home, business expansion, debt consolidation, purchasing medical equipment, and more.
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