Kotak Mahindra Bank Loan Against Property
A loan against property, also called a mortgage loan, lets an owner pledge residential, commercial, or industrial property as collateral to raise financing for a range of personal and business needs. It is typically used for business expansion, purchasing machinery, consolidating existing debt, or funding other sizeable requirements, while allowing the borrower to retain use of the property.
Kotak Mahindra Bank, which became a bank in 2003, offers this secured facility against commercial, residential, or industrial property and structures it to serve both business and personal financial goals. Kotak's version emphasises flexible eligibility criteria and makes the facility available in more than one form, including a term loan and an overdraft arrangement, so borrowers can draw funds in the manner that suits their cash flow.
The bank highlights easy repayment options and what it describes as straightforward documentation with quick disbursal, subject to its assessment. Because the loan is secured against immovable property, the sanctioned amount and terms depend on the property's valuation, the applicant's income and repayment capacity, and the bank's overall credit evaluation. Sanction is conditional on meeting the bank's norms and is not guaranteed.
At 9.35%, Kotak Mahindra Bank has one of the lowest starting rates of the 18 lenders we track for loans against property.
Eligibility
Loan terms
- Available against commercial, residential, or industrial property
- Offered as both a term loan and an overdraft facility
- Flexible eligibility criteria
- Usable for both business and personal financial goals
- Easy repayment options with straightforward documentation
Documents
- Salaried: Application form
- Salaried: PAN card
- Salaried: Identity proof (Driving License / Passport / Voter's ID / Aadhaar card, E-KYC authenticated)
- Salaried: Address proof for both office and residence
- Salaried: Ownership proof (Agreement copy / Electricity bill / Maintenance bill with share certificate / Municipal tax bill / Share certificate)
- Salaried: Relationship proof (if not evident from KYC documents)
- Salaried: Latest salary slips
- Salaried: Latest Form 16
- Salaried: Employment proof (only if current employer differs from Form 16)
- Salaried: Bank statement showing salary deposits and existing EMI payments
- Self-employed: Application form
- Self-employed: PAN card
- Self-employed: Identity proof (Driving License / Passport / Voter's ID / Aadhaar card, E-KYC authenticated)
- Self-employed: Address proof for both office and residence
- Self-employed: Ownership proof (Agreement copy / Electricity bill / Maintenance bill with share certificate / Municipal tax bill / Share certificate)
- Self-employed: Business continuity proof (Shop and Establishment certificate / Tax registrations - VAT / Service tax / GST registration)
- Self-employed: Firm constitution documents (MOA / AOA / Partnership Deed / GST Certificate / Form 32)
- Self-employed: Audited financials
- Self-employed: Tax Audit Report (Form 3CB + 3CD for proprietorships/partnerships; Form 3CA + 3CD for companies)
- Self-employed: GST records
- Self-employed: Loan breakup (secured and unsecured)
- Self-employed: Director list and shareholding pattern
- Self-employed: Existing loan sanction letters with EMI bank statements
- Self-employed: Business account statements
Fees & charges
FAQ
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.
More from Kotak Mahindra Bank
- New Car LoanRate7.35 – 14%Feeup to 2.5%Max tenure7 yr
- Home LoanRate7.7 – 9.5%Fee1.25%Max tenure20 yr
- Gold LoanRate9 – 20%FeeVariesMax tenure3 yr