Calculate your exact interest savings, reduced tenure, and part-prepayment amortization for Kotak Mahindra Bank Home Loans.
Interactive breakdown of balance, interest, and prepayment impact
| Period | EMI Paid | Principal Paid | Extra Prepayment | Interest Paid | Total Payment | Remaining Balance |
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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, you can compress a 20-year loan into less than 10 years.
No. For individual borrowers with floating rate home loans, Kotak Mahindra Bank charges 0% prepayment penalty and zero foreclosure fees in compliance with RBI guidelines.
You can make part prepayments through Kotak Mobile Banking app, NetBanking, or by visiting a Kotak loan branch. Payments made before 3 PM are typically credited on the same business day.
Kotak Digi Home Loan allows customers to track real-time principal reduction and initiate digital part prepayments directly through the Kotak 811 ecosystem.