₹ 2 Crore Home Loan EMI & Interest Rate
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Are you thinking of buying a decent home costing around Rs. 2 Crore? Kotak Bank can help you finance the purchase with an easy-to-apply Home Loan. You can repay the loan in equated monthly instalments (EMIs) without compromising your lifestyle.
Kotak Home Loan comes with a competitive interest rate, flexible repayment options, and easy eligibility criteria to suit both salaried and self-employed individuals.
Now, you don't need to compromise on your homeownership dream. With Kotak Home Loans, you can easily secure the necessary funds without any hassle.
To calculate the EMIs for a Rs. 2 Crore Home Loan, you can use our Home Loan EMI Calculator. It is a free-to-use online tool that provides instant calculations, leaving no room for errors. Simply enter the loan amount, interest rate, and repayment tenure to get the EMI amount instantly on the screen.
Resources to get the best out of your Home Loan and manage your finances prudently
EXPLORE NOWHere is an overview of the Home Loan EMIs for different loan tenures using a Rs. 2 Crore Home Loan EMI Calculator:
| Loan Amount | Interest Rate | Repayment Tenure | EMI Amount |
|---|---|---|---|
Rs. 2 Crore |
7.70%* per annum |
5 years |
Rs. 412,744 |
Rs. 2 Crore |
7.70%* per annum |
10 years |
Rs. 250,653 |
Rs. 2 Crore |
7.70%* per annum |
15 years |
Rs. 199,889 |
Rs. 2 Crore |
7.70%* per annum |
20 years |
Rs. 176,742 |
Rs. 2 Crore |
7.70%* per annum |
25 years |
Rs. 164,428 |
* Conditions Apply
For a Kotak Home Loan of Rs. 2 Crore, you need to provide various documents related to the property, finances, occupancy, identity, and address. These include:
*Not mandatory
Note: In certain cases, additional documents may be required.
Applicants must meet specific eligibility criteria to get a Home Loan:
| Criteria | Self-employed Applicants | Salaried Applicants |
|---|---|---|
Age |
Between 18 and 65 years |
Between 18 and 60 years |
Citizenship |
Indian |
Indian |
Minimum Monthly Income |
Rs. 20,000 for applicants of Delhi, Mumbai, Bangalore, Pune, and Chennai.
|
Rs. 20,000 for applicants of Delhi, Mumbai, Bangalore, Pune, and Chennai.
|
Work Experience/ Continuity |
A minimum of 3 years in business, practice or profession. |
2 years of work experience with at least 6 months in the current organisation. |
You can easily apply for a Rs. 2 Crore Home Loan by following these simple steps:
Alternatively, you can apply for a Home Loan by visiting your nearest Kotak Bank branch.
| Loan Amount | Rs. 2 Crore |
|---|---|
Interest Rate |
7.70%* per annum |
Repayment Tenure |
10 years |
EMI Amount |
Rs. 250,653 |
Total Interest Payable |
Rs. 10,078,420 |
Total Payable Amount |
Rs. 3,00,78,420 |
| Loan Amount | Rs. 2 Crore |
|---|---|
Interest Rate |
7.70%* per annum |
Repayment Tenure |
20 years |
EMI Amount |
Rs. 1,76,742 |
Total Interest Payable |
Rs. 2,24,18,114 |
Total Payable Amount |
Rs. 4,24,18,114 |
| Loan Amount | Rs. 2 Crore |
|---|---|
Interest Rate |
7.70%* per annum |
Repayment Tenure |
25 years |
EMI Amount |
Rs. 1,64,428 |
Total Interest Payable |
Rs. 2,93,28,618 |
Total Payable Amount |
Rs. 4,93,28,618 |
To calculate the EMIs for Rs. 2 Crore Home Loan, you can use the Home Loan EMI Calculator on our website. Simply enter the loan amount, interest rate and repayment tenure to get the results instantly.
Yes, you can add a co-applicant to your Rs. 2 Crore Home Loan application to increase your eligibility.
Getting a Rs. 2 Crore House Loan in India will depend on your eligibility criteria, income proof, credit score, other factors. Meeting these requirements will increase your chances of approval from Kotak Bank.
The maximum age to apply for Rs. 2 Crore Home Loan at Kotak Bank is 60 years for salaried and 65 years for self-employed applicants.
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
