Presently, Kotak Mahindra Bank is offering housing loans starting at 7.6%.
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ADNAN ABIDI
To provide greater certainty on EMIs, Kotak Mahindra Bank has announced the launch of its hybrid home loan, enabling customers to lock their home loan rate for up to 65 months and plan these important early years with greater visibility.
Buying a home is only the beginning of a customer’s financial journey, and in initial days, families often manage interiors, education, savings and everyday expenses, alongside the monthly EMI, Kotak Mahindra Bank said in a statement on Sunday.
The product allows customers to choose a fixed-rate period of 39, 52 or 65 months, during which their interest rate and EMI remain unchanged even if the repo rate changes, it said.
Presently, Kotak Mahindra Bank is offering housing loans starting at 7.6 per cent.
This gives them a defined window in which to plan household and life expenses, it said, adding that after the selected period, the loan automatically moves to a floating-rate structure linked to the Repo Rate plus a predefined spread disclosed at sanction.
Citing an example, it said on a ₹1 crore home loan, a borrower could save up to ₹3.46 lakh if rates rise towards recent highs.
The product is available for home loans and loan against property at a price comparable to the bank’s floating-rate home loans, with no separate premium for choosing the hybrid structure, it said.
Speaking about the product, Kotak Mahindra Bank Head (mortgages) Nakul Saxena said, “A home loan can span decades and move through several interest-rate cycles. For many borrowers, every rate review raises the question of how the next change may affect their EMI or household budget. Families are also balancing important life expenses as income, priorities and financial commitments change over time”.
By allowing customers to lock their rate for up to 65 months, the Kotak Hybrid Home Loan creates a meaningful planning cushion during the early years of home ownership, he added.
Kotak Mahindra Bank’s mortgage book grew 15 per cent to ₹1,50,903 crore as of June 30, 2026, from ₹1,31,792 crore at the end of the first quarter of the last financial year.
The hybrid home loan is available across India to eligible salaried and self-employed borrowers, it added.
Published on August 9, 2026