Kotak Home Loan Part Prepayment Rules & Strategies
Kotak Mahindra Bank offers competitive interest rates for salaried and self-employed home loan borrowers. By actively channeling surplus bonuses or tax refunds into principal prepayments via our Home Loan Part Prepayment Calculator or adopting the 1 Extra EMI Per Year Method, you can compress a 20-year loan into less than 10 years.
Prepayment Rule: Kotak levies 0 charges on floating rate home loans for individual borrowers. Ensure you receive an updated Statement of Account (SOA) reflecting the revised balance, and compare private-bank policies across HDFC Home Loan, ICICI Home Loan, and Global Bank Presets.