Kotak Mahindra bank is one of the leading private banks in India. It is also one of the largest banks for providing the financial needs to the customers. One of their accessible to avail service is home improvement loan from Kotak bank. It helps the people to buy their dream house or home on easy monthly instalments. Moreover, there are no processing or service charges for availing this service. Let’s have a look in more depth for proper details and the interest rates of Kotak Mahindra Bank Home Improvement Loan.

Kotak Mahindra Bank Home Loan

As I have mentioned it earlier that there are no processing fees, but only the documentation charges whichever is 0.5% of the loan amount. The interest rates are flat and starting at 8.90%. The applicant can take up to 20 years of loan tenure for the repayment.

Applicant Loan Eligibility:

  • The applicant should be salaried or self-employed and under the age group of 21-65.
  • The applicant must reasonably earn higher amount to pay their EMI’s.
  • If the applicant is a salaried person, then they should work for a company for more than three years, and if self-employed, then the applicant should be running the business for more than three years.

Documents Required for Loan Application:

  • The self-attested form along with applicant photo and sign.
  • Last three months of the bank income statement.
  • The last salary slips if any.
  • Two passport size photos for both salaried and self-employed applicants.
  • One cheque for loan processing fees.
  • ID proof, age proof, address proof.

How to Apply for Kotak Mahindra Bank Home Improvement Loan?

You can quickly apply for home improvement loan from Kotak Mahindra bank if you think you are eligible and have a good credit profile. You only need to visit the nearest Kotak bank branch, or you can also apply for the home visit using an online portal.

If you are visiting the bank, then make sure you carry the required documents along. The process can take up to 15 days, and as I mentioned earlier, it always depends upon the credit and business profile you have. Sometimes, the loan disbursed within two days.

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What is Precisely the Home Improvement Loan?

The home improvement loan is especially for the renovation of the current home. Bank does offer financial support to the people whoever wants to renovate their home in next-level styles.

That is the reason. Kotak Mahindra Bank also offers the same benefits to their customers at lower interest rates. You can take up to a maximum of Rs 50 Lakh home improvement loan from the Kotak Mahindra bank.


Everyone dreams of building their home, but It is the 21st century, and the property rates are touching the sky. It is evident that out of 100, only 10% of people can purchase the property in cash. Rest of the 90% of people don’t have the required amount. However, if you wish to renovate your home or in need of a home loan, then you can apply for the Home or Home improvement loan from the Kotak Mahindra bank.