Kotak Mahindra Loan against Property

Whether you need a loan to fund an existing business, consolidate a debt or meet an emergency, you can count on loan against property to fulfil your needs. Loan against property is a secured loan that allows you to submit your property as a collateral to avail the benefits of the loan. You also do not need to vacate your property to avail the loan and can keep using it while paying it off. As such when you mortgage the property, a fixed percentage of the current market value of the property (about 60-70%) is given to a borrower as a loan. Loan against property is favoured over personal loans as the interest rate is much lower and you get faster loan disbursal's, hence all banks and independent financial institutions offer it at attractive interest rates. The repayment schedule is also flexible so that you can conveniently repay with ease.

Overview Of Kotak Mahindra Loan against Property

Established in 1985, Kotak Mahindra Bank offers banking and financial services all over the country. With a vision to be one of the most trusted financial services company, Kotak Mahindra is a leading bank that offers a wide range of loan products including personal loans for salaried and self employed individuals. The bank has grown over the years and has a wide network of branches and ATMs that offer banking services all over India. Kotak Mahindra loan against property offers EMI based loan or an overdraft facility that allows you to meet your financial needs with ease. You can avail the loan for residential as well as commercial property and there is a flexible loan eligibility for businessmen too.

Why Pick Kotak Mahindra Loan against Property?

Choose Kotak Mahindra to fulfil your loan for the following reasons:

  • Low Interest Rates – Get Axis bank loan against property at lowest interest rates that start at just 9.5% per annum.
  • Faster Loan Processing– Axis bank allows faster loan processing than other banks so that you can get access to funds quicker and meet your financial needs without much delay.
  • Quicker Loan Disbursal – Get the money disbursed into your bank account faster with quick loan disbursal's from Axis Bank.
  • Maximum Loan Amount – Get loan approved from Rs. 2 lakhs and upto Rs. 5 crores with Axis bank.
  • Balance Transfer – Transfer your existing loan balance from another bank into Axis bank and get additional loan amount.
  • Doorstep Service– Apply for loan against property from the comfort of your home or office with convenient doorstep service.
  • Collateral are accepted for both residential as well as commercial properties.
  • Hassle-free Documentation – Avail loans from Axis bank in the most hassle free manner with simple loan documentation process.
  • Exciting Rewards for existing Axis customers – Get edge Loyalty Reward points on your transactions and redeem the points via recharge, bookings, in-store and online shopping.

Features of Kotak Mahindra Loan against Property

  • Loan Tenure – Get maximum loan tenure of 15 years.
  • Available for salaried, self employed professionals and self employed non-professionals.
  • Attractive Interest Rates – Get the benefit of competitive interest rates that start from just 9.5% per annum.
  • Hassle-free Documentation – Get your loan approved from Axis bank in the most hassle-free manner with a transparent loan structure.
  • You can initiate a balance transfer of your existing loan into Axis bank and also get an additional loan amount.

Benefits of Applying Loan against Property on Letzbank.com

Letzbank is a financial website that offers a wide range of loans to choose from. Meet your financial needs at Letzbank and enjoy the following benefits:

  • Easy loan comparison – Letzbank collates loan offerings from all the major banks and presents them at one page to you. This is a much hassle free method to make comparisons between loans and make a selection on which loan suits your needs.
  • Free Services– There is no charge to apply for a loan via Letzbank website. In fact, we have made the loan application procedure easier and quicker by collaborating directly with the banks.
  • Instant Quotes – Letzbank.com gets you instant access to car loan quotes from a bank of your choice within seconds.
  • Online Form Application–Submit the car loan application from the comfort of your home at Letzbank.com website and let us handle the application process for you.

Eligibility and Documents Required


All salaried as well as self employed individuals and professionals are eligible to avail this loan.

  • Age should be above 24 years at the time of taking a loan and maximum age limit should be before retirement age.
  • Must be employed in a permanent government position or a reputed company.
  • Other criteria as deemed by Axis bank.

Document Required

The Documents Required are as follows:

  • Duly filled up application form.
  • Only Indian residents can avail this loan.
  • Identity Proof.
  • Income Proof.
  • Address Proof.
  • Other documents as per bank guidelines.

Interest Rates

Interest rates for Axis bank loan against property start from 9.5% per annum.

Loan against Property EMI Calculator

Calculate your loan EMI by using Letzbank’s EMI calculator: https://www.letzbank.com/emi-calculator. All you need to do is enter the amount of the total loan, duration of the loan as well as the rate of interest and Letzbank EMI calculator will determine the monthly EMI in just a matter of seconds.