Kotak · private bank
Kotak Mahindra Bank home loan interest rate today
Kotak Mahindra Bank publishes home loan interest rates from 7.60% for new loans (checked 18 Oct 2026). Its floating rate follows the RBI repo rate, now 5.50%. To move an existing loan to a lower rate with Kotak, the fee is about ₹11,800 with GST on a ₹50 lakh loan, as published by Kotak.
Checked 18 Oct 2026 · Kotak's rate page
- Rate for new loans
- From 7.60%
- On Kotak's site
- RBI repo rate
- Follows it
- Repo now 5.50%
- Fee to lower rate
- ₹11,800
- ₹50 lakh loan, with GST
- Checked
- 18 Oct
- 2026
Rates for new loans
New loans from 7.60%. Only this "from" rate is given; the rate you get depends on your credit score and loan.
Source: kotak.bank.in · checked 18 Oct 2026 · from the official website
How the rate moves
Kotak's floating home loan rate follows the RBI repo rate through its Repo-linked (EBLR), so it moves when the RBI changes the repo rate.
Floating-rate home loans are priced as the prevailing repo rate plus a spread.
How to ask Kotak for a lower rate
If you already have a loan with Kotak, you can ask it in writing to move you to its current rate. It is a request, and the lender decides.
- Log in to Kotak net banking, open Loans, select your home loan and raise a service request for a rate revision.
- Mention a competing bank's published rate if you have one; ask for the written fee and an SR number.
These steps are what borrowers report; Kotak's own site does not set them out. Ask your branch to confirm.
The fee: about ₹11,800 with GST on a ₹50 lakh loan. 0.5% of the principal outstanding, maximum ₹10,000, plus taxes, to move a floating-rate loan to a lower floating rate.
Source: kotak.bank.in · checked 18 Oct 2026 · from the official website
Paying off early
For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where to complain
Complain to Kotak first and keep the reference number it gives you.
If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
After Kotak, the next step is the RBI Ombudsman. It is free and you do not need a lawyer.
Questions people ask
What is Kotak Mahindra Bank's home loan interest rate today?
Kotak Mahindra Bank publishes home loan interest rates from 7.60% for new loans (checked 18 Oct 2026). The rate you get depends on your credit score and loan, and Kotak decides the final rate.
Does Kotak Mahindra Bank's home loan rate change when the RBI changes the repo rate?
Kotak's floating home loan rate follows the RBI repo rate through its Repo-linked (EBLR), so it moves when the RBI changes the repo rate. Floating-rate home loans are priced as the prevailing repo rate plus a spread.
How do I get a lower rate on my existing Kotak Mahindra Bank home loan?
Ask Kotak in writing to move your loan to its current rate. Log in to Kotak net banking, open Loans, select your home loan and raise a service request for a rate revision. Mention a competing bank's published rate if you have one; ask for the written fee and an SR number. The fee is about ₹11,800 with GST on a ₹50 lakh loan, as published by Kotak. A lower rate is a request: the lender decides.
Can Kotak Mahindra Bank charge me for paying off my home loan early?
No, not on a floating-rate home loan. For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where do I complain if Kotak Mahindra Bank does not reply?
Complain to Kotak first through its complaints page. If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
Compare with other lenders
Moving your loan to Kotak from another lender: a processing fee of about ₹29,500 with GST on a ₹50 lakh loan, as published by Kotak, plus stamp duty in some states.
Words on this page
- RBI repo rate:
- the rate the Reserve Bank of India sets for lending to banks. Many home loan rates move with it.
- EBLR:
- External Benchmark Lending Rate: a bank rate that follows the RBI repo rate.
- SR number:
- service request number: the reference the bank gives your request. Keep it.
- GST:
- Goods and Services Tax: 18% on bank fees.