Hey there, I can tell you the Kotak home loan processing fee. I recently took a home loan from the Kotak Mahindra Bank. As I was a salaried applicant, the processing fee was 0.5% of the disbursed loan amount. The taxes and other applicable dues are added separately.
Let me share the processing charges for different home loans and applicant categories with you below.
What is the Kotak Bank Home Loan Processing Fee?
Here are the processing charges for different types of home loans from the Kotak Bank.
| Home Loan Type | Applicant Type | Processing Fee |
Home Loan |
Salaried |
The processing fee is 0.5% of the loan amount, plus taxes and any other dues. |
Home Loan |
Self-Employed |
The processing fee is 1% of the loan amount, plus taxes and any other dues. |
Home Renovation Loan |
- |
0.25% to 2% of the loan amount. |
Home Loan Balance Transfer |
- |
Up to 6% of the loan amount. |
Home Construction Loan |
- |
Up to 2% of the loan amount. |
Bridge Loan |
- |
The processing fee starts at 0.35% and goes up to 3% of the loan amount. |
If you aren’t aware of it already, I would like to tell you that the processing charges are always non-refundable. It doesn’t matter whether you are given the loan or your application is rejected. This is all I have to share with you about the Kotak Mahindra home loan processing fee. I hope you find this information helpful.
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What is Kotak Home Loan Processing Fee?
rashmi
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2024-04-01T13:34:04+00:00 2024-08-06T15:01:50+00:00Comment
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