Kotak · Loan Against Property
Kotak Mahindra Bank loan against property, 2026.
Reviewed by Rushik Patel· Last reviewed: staleKotak loan against property from 9.25% p.a., up to Rs 5 Cr over 18 years. Through MMH, we negotiate sharper rates and faster processing than a walk-in.
Interest Rate
9.25% – 12%
Max Amount
Rs 5 Cr
Max Tenure
18 Years
Processing Fee
1.00%
Kotak Loan Against Property — Key Features
What makes Kotak's loan against property offering stand out.
Up to 65% LTV
Flexi OD available
Quick valuation turnaround
Balance transfer + top-up
Kotak Loan Against Property Rate Details
Complete breakdown of interest rate, fees, and terms.
| Interest Rate (p.a.) | 9.25% – 12% |
| Rate Type | Floating (linked to EBLR / RLLR) |
| Processing Fee | 1.00% (max Rs 50,000) |
| Maximum Loan Amount | Rs 5 Crore |
| Maximum Tenure | 18 Years |
| Prepayment Charges | 2-4% of outstanding (varies) |
| Late Payment Fee | 2% p.a. on overdue amount |
Kotak Loan Against Property EMI Examples
Approximate monthly EMI at 9.25% p.a. interest rate.
| Loan Amount | Tenure | Monthly EMI |
|---|---|---|
| Rs 20,00,000 | 10 years | Rs 25,607 |
| Rs 50,00,000 | 15 years | Rs 51,460 |
| Rs 1,00,00,000 | 15 years | Rs 1,02,919 |
| Rs 2,50,00,000 | 20 years | Rs 2,28,967 |
EMI calculated at 9.25% p.a. on reducing balance. Actual EMI may vary based on approved rate and tenure.
Use our EMI Calculator for custom amountsKotak Loan Against Property Eligibility
Who can apply for Kotak's loan against property.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Experience: 2 years
- CIBIL Score: 700+
Self-Employed Applicants
- Age: 21 – 70 years
- Min Income: Rs 3 Lakhs/year ITR
- Business Vintage: 3 years
- CIBIL Score: 680+
Documents for Kotak Loan Against Property
Documents you need to apply for Kotak's loan against property.
Salaried
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years ITR / Form 16
- 4Last 6 months bank statements
- 5Property documents (Title deed, tax receipts, approved plan)
- 6Encumbrance certificate
- 7Passport-size photographs
Self-Employed
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited financials
- 4Last 12 months bank statements
- 5Property documents (Title deed, tax receipts)
- 6Encumbrance certificate (15 years)
- 7Business registration documents
Kotak vs Other Banks — Loan Against Property Rate Comparison
How does Kotak's rate compare with competitors?
| Bank | Rate (p.a.) | Max Amount |
|---|---|---|
| Kotak (This bank) | 9.25% – 12% | Rs 5 Cr |
| SBI | 8.75% – 10.5% | Rs 7.5 Cr |
| Bajaj | 8.75% – 11% | Rs 10 Cr |
| BoB | 8.85% – 10.75% | Rs 7.5 Cr |
| PNB | 8.9% – 10.9% | Rs 5 Cr |
| Union | 8.9% – 11% | Rs 5 Cr |
Other Kotak Loan Products
Explore more loan products from Kotak Mahindra Bank.
Kotak Loan Against Property — Frequently Asked Questions
Common questions about Kotak's loan against property product.
What is the maximum LTV (Loan-to-Value) for LAP?
Banks typically offer 50-70% of the property's market value as LAP. Residential properties get higher LTV (up to 70%) while commercial properties are capped at 55-60%. The valuation is done by the bank's empanelled valuer.
Can I take LAP on a property that already has a home loan?
Yes, this is called a top-up loan or second charge LAP. The combined exposure (existing loan + new LAP) should not exceed 70% of the property value. Some banks offer this as a balance transfer + top-up combination for better rates.
Which properties are eligible for LAP?
Residential flats, independent houses, commercial shops, office spaces, industrial buildings, and plots with clear title are eligible. The property should be free from litigation, have approved plans, and be in a city served by the lender.
Is LAP cheaper than a business loan?
Yes. LAP rates start at 8.75% p.a. compared to 10-16% for unsecured business loans. Since the property serves as collateral, lenders offer significantly lower rates, higher amounts, and longer tenures for LAP.
How long does LAP processing take?
LAP processing typically takes 10-15 working days including property valuation, legal verification, and technical inspection. With Money Matrix Hub's end-to-end support, we streamline the process and aim for sanction within 7-10 days.
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