Kotak Bank Loan Against Property

Kotak Mahindra Bank offers a Loan Against Property (LAP) with competitive rates starting from 12 p.a. In 2026. Borrowers can avail up to ₹5 crore, with loan tenures extending to 15 years for land and up to 18 years overall.

Feature	Details
Interest Rate	Starting from 12 p.a. (2026)
Maximum Loan Amount	Up to ₹5 Crore (2026)
Loan Amount Range	₹10 lakh to ₹10 crore
Loan Tenure	Up to 18 years
Property Types Accepted	Residential, Commercial, Industrial, Land
Loan to Value (LTV) Ratio	Up to 60% of property value (for commercial property, higher for self-occupied residential)
Approval Time	Approvals in 3 days
Disbursement Time	Within 21 working days (post document verification and property valuation)
Processing Fee	0.50% of loan amount plus GST
Prepayment Charges	Nil (RBI mandate for floating rate loans)
Tax Benefits	Claimable under Section 37(1) of Income Tax Act for business purposes; Section 24(B) for residential property purchase
Eligibility – Salaried	Minimum age: 18 years; Maximum age at maturity: 60 years
Eligibility – Self-Employed	Minimum age: 18 years; Maximum age at maturity: 65 years
Minimum Monthly Income	₹20,000 (Mumbai, Delhi, Bangalore, Pune, Chennai); ₹15,000 (other cities)
Security/Collateral	Residential building, commercial building, land, self-occupied or vacant property
Loan Purpose	Business funding, child's education, marriage expenses, debt consolidation, home construction
Documentation	Property papers, identity proof (Aadhaar, PAN), address proof, income proof (ITR for self-employed, salary slips for salaried)
EMI Calculator	Available online; considers property value, interest rate, and tenure
Customer Support	Email: pay.later@kotak.com (for moratorium requests); 24x7 helpline
Information Accuracy Date	July 2025 (subject to update based on RBI guidelines)
Governing Body	Reserve Bank of India (RBI)
Bank Discretion	Credit approval at sole discretion of Kotak Mahindra Bank Ltd.
Special Features	High loan amount, minimal documentation, flexible tenure, lower interest vs personal loans
Additional Notes	Interest accrues during moratorium periods; property valuation mandatory before disbursement
Source	Official Website, Kotak Mahindra Bank (July 2025)

Maximum loan eligibility reaches ₹5 crore, making Kotak's LAP a preferred choice for high-value funding needs in 2026.

Kotak For Self-employed The For

Applicant Type	Minimum Age (Years)	Maximum Age at Maturity (Years)	Minimum Monthly Income	Income Assessment Basis
Salaried	18	60	₹20,000 (in Mumbai, Delhi, Bangalore, Pune, Chennai) ₹15,000 (other cities)	Latest salary slips and employment verification
Self-employed	21	65	Not specified	Average 3-year ITR income
Self-employed professionals (Business Funding)	18	65	Not specified	Business financials and ITR
Corporate salary borrowers	21	60	₹25,000	Employer tie-up and payroll verification
Non-corporate salary borrowers	21	60	₹30,000	Bank statements and employment proof
Kotak Mahindra Bank employees	21	60	₹20,000	Internal payroll records
NRIs	Not specified	Not specified	Foreign income or NRE account balance	Overseas employment and income proof

• Identity proof: Aadhaar card, PAN card, passport, voter ID, or driving licence, mandatory for all applicants.
• Address proof: Bank passbook, utility bills, ration card, voter ID, or LIC receipt, must match current residence.
• Income proof for salaried applicants: Latest 3 months' salary slips and 2 years' Form 16, required to assess repayment capacity.
• Income proof for self-employed applicants: 3 years' ITR with computation of income and audited financial statements, mandatory for business income validation.
• Bank statements: 6 months' bank account statements, used to verify cash flow and financial stability.
• Property documents: Title deed, sale agreement, and property valuation report, must be in applicant's name and free of encumbrances.
• Photographs: Recent passport-sized photographs of applicant and co-applicant (if any) — required for application processing.

Submit scanned copies of all documents with file size under 2MB each for faster processing.

The Kotak Bank Loan Against Property EMI calculator considers the market value of the property pledged, applicable interest rate 12, and chosen tenure up to 15 years. For a ₹50 lakh loan at 12 over 15 years, the monthly EMI is approximately ₹49,300, with total interest outgo of ₹38.74 lakh. A longer tenure reduces EMI but increases total interest cost significantly. For a ₹50 lakh loan at 12, a 5-year tenure results in an EMI of ₹1.04 lakh, while a 15-year tenure lowers IT to ₹49,300, a 52% reduction, but increases total interest by 142% compared to the shorter term.

Loan Amount (₹)	Interest Rate (p.a.)	Loan Tenure	Monthly EMI	Total Interest Payable	Total Outflow
50,00,000	12	5 years	1,04,000	12,40,000	62,40,000
50,00,000	12	7 years	81,200	18,20,800	68,20,800
50,00,000	12	10 years	60,800	22,96,000	72,96,000
50,00,000	12	12 years	53,400	27,21,600	80,61,600
50,00,000	12	15 years	49,300	38,74,000	88,74,000
75,00,000	12	10 years	91,200	34,44,000	1,09,44,000
75,00,000	12	15 years	73,950	58,11,000	1,33,11,000
1,00,00,000	12	15 years	98,600	77,48,000	1,77,48,000

The Kotak Bank LAP application process takes 7–10 working days from document submission to disbursement. Pre-approval is provided within 24 hours of application.

1. Submit an online application via Kotak Bank's official website or visit a branch to initiate the LAP process.
2. Provide identity proof such as Aadhaar, PAN, or passport; address proof includes utility bills, bank passbook, or voter ID.
3. Submit income documents: 6 months' bank statements for salaried applicants, and 3 years' ITR with computation of income for self-employed.
4. Submit property documents including title deed, property tax receipt, and encumbrance Certificate for verification.
5. Kotak Bank conducts a technical valuation of the property by an approved surveyor to determine market value and eligible loan amount.
6. For salaried applicants, minimum monthly income must be ₹20,000 in metro cities (Mumbai, Delhi, Bangalore, Pune, Chennai) or ₹15,000 in other cities.
<7>For self-employed applicants, minimum age is 21 years and maximum age at loan maturity must not exceed 65 years. <8>Kotak Bank checks creditworthiness using CIBIL score; a minimum score of 750+ improves approval chances and interest rate eligibility. <9>Processing fee of 0.50% of the loan amount plus GST is charged; for a ₹50 lakh loan, this amounts to ₹29,500 inclusive of GST. <10>Upon approval, a loan agreement is signed; disbursement occurs within 7–10 working days after property and legal verification. <11>Loan against property is secured; collateral includes residential or commercial buildings, land, or self-occupied/vacant properties. <12>Loan tenure is up to 15 years for land and up to 15 years for general LAP, with repayments structured as equated monthly installments (EMIs).

Applicants can track application status online or through customer service within 24 hours of submission. The loan is secured against residential or commercial property, land, or self-occupied/vacant properties. Borrowers can avail up to ₹5 crore or 75% of the property's market value, whichever is lower, with tenures extending up to 15 years. The interest rates are competitive at 12 for non-salaried applicants and 12 for salaried individuals, making IT an efficient tool for long-term financial planning. Kotak Bank allows part-prepayment of the loan without charges after six months on floating rate loans, flexibility. The processing fee is 0.50% of the loan amount plus GST, capped at ₹1 lakh for high-value loans. Legal and technical valuation charges are nominal, ₹2,500 and ₹3,000 respectively, and the bank offers tax benefits under Section 37(1) of the Income Tax Act if the loan is used for business purposes. The following table summarizes key benefits and differentiators of Kotak Bank's Loan Against Property in 2026:

Benefit	Details	Applicability
Maximum Loan Amount	Up to ₹5 crore	All eligible applicants (2026 policy)
Loan-to-Value (LTV) Ratio	75% of market value of property	Residential and commercial properties
Interest Rate (Salaried)	12 to 12	Applicants with CIBIL 750+, salaried
Interest Rate (Non-Salaried)	12 to 12	Self-employed professionals and businesses
Loan Tenure	Up to 15 years	All LAP variants, including land loans
Part-Prepayment Charges	Nil after 6 months (floating rate loans)	As per RBI guidelines for secured loans
Processing Fee	0.50% of loan amount + GST (max ₹1 lakh)	₹50 lakh loan incurs ₹29,500 with GST
Tax Benefits	Interest and fees deductible under Section 37(1)	For business-purpose loans only
Collateral Flexibility	Residential, commercial, land, self-occupied, vacant	Minimum 18 years ownership eligibility
EMI Calculator Access	Online tool factoring property value, rate, tenure	Available on Kotak Bank's official portal
Approval Time	Within 24 hours (document-compliant applications)	Subject to technical and legal clearance
Minimum Income Requirement	₹20,000/month (metro cities), ₹15,000 (others)	Individual applicants, any employment type

Kotak Bank's LAP also supports digital processing with minimal documentation, enabling faster disbursal. The bank evaluates creditworthiness based on CIBIL score (750+ preferred), property valuation, and repayment capacity. Unlike unsecured loans, LAP offers lower interest rates and higher borrowing limits, making IT ideal for business expansion, education funding, or debt consolidation. Kotak Mahindra Bank offers Loan Against Property at interest rates starting from 12 with a maximum tenure of 15 years and LTV up to 80%. Competitors like HDFC and ICICI offer similar products but with varying terms.

Lender	Interest Rate (p.a.)	Maximum Loan Amount	Loan to Value (LTV)	Maximum Tenure	Processing Fees	Eligibility (Minimum Age)	Property Types Accepted
Kotak Mahindra Bank	12 – 12	₹20 crore	Up to 80% of property's market value	15 years	0.50% of loan amount + GST	18 years (salaried), 21 years (self-employed)	Residential, commercial, industrial, land
HDFC Bank	12 – 12 p.a.	₹10 crore	Up to 75% (residential), 65% (commercial)	20 years	0.50% – 1.00% + GST	18 years	Residential, commercial, plots
ICICI Bank	12 – 12 p.a.	₹10 crore	Up to 75% for residential, 60% for commercial	15 years	0.50% – 0.75% + GST	21 years	Residential, commercial, industrial
Axis Bank	12 – 12 p.a.	₹10 crore	Up to 75% of market value	15 years	0.50% + GST (min ₹10,000, max ₹50,000)	21 years	Residential, commercial, land
State Bank of India (SBI)	12 – 12 p.a.	₹10 crore	Up to 80% for salaried, 75% for self-employed	20 years	0.35% + GST (max ₹75,000)	18 years	Residential, commercial, plots
Indiabulls Housing Finance	12 – 12 p.a.	₹10 crore	Up to 70% of market value	15 years	1.00% + GST	21 years	Residential, commercial
PNB Housing Finance	12 – 12 p.a.	₹5 crore	Up to 80% for residential, 65% for commercial	15 years	1.00% + GST	18 years	Residential, commercial
Aditya Birla Capital	12 – 12 p.a.	₹5 crore	Up to 75% of market value	15 years	1.00% + GST	21 years	Residential, commercial, industrial
ICICI Home Finance	12 – 12 p.a.	₹5 crore	Up to 75% of property value	15 years	0.75% + GST	21 years	Residential, commercial
Realty Plus (ICICI Group)	12 – 12 p.a.	₹5 crore	Up to 70% of market value	15 years	1.00% + GST	21 years	Residential, commercial
Shriram Housing Finance	12 – 12 p.a.	₹2 crore	Up to 70% of market value	15 years	1.25% + GST	21 years	Residential, commercial
Tata Capital	12 – 12 p.a.	₹10 crore	Up to 75% of market value	15 years	1.00% + GST (min ₹10,000)	21 years	Residential, commercial, land

Kotak Mahindra Bank offers the highest maximum loan amount (₹20 crore) among peers and competitive LTV terms.

Key Takeaways

• Kotak Mahindra Bank offers the highest maximum loan amount at ₹20 crore, ₹10 crore more than HDFC, ICICI, and SBI (₹10 crore CAP).
• Kotak allows LTV up to 80% of property value, matching SBI and exceeding HDFC (75%) and ICICI (75%) for residential properties.
• Kotak's minimum age eligibility for salaried applicants is 18 years, 3 years lower than ICICI and Axis Bank (21 years).

Check eligibility and apply at Kotak Mahindra Bank's official website.