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Federal Bank vs Kotak Mahindra Bank Home Loan
Federal Bank advertises the lower starting rate (7.5% vs 7.6%). On ₹50 lakh over 20 years that is about ₹73,508 less interest, or ₹306 less per month, at the starting rates.
| Federal Bank | Kotak | |
|---|---|---|
| Starting interest rate | 7.5% | 7.6% |
| EMI for ₹50 lakh, 20 years | ₹40,280 | ₹40,586 |
| Total interest | ₹46,67,118 | ₹47,40,627 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | The bank advertises freedom from prepayment charges |
| Maximum tenure | - | 25 years |
Source: Federal Bank official page, checked on November 2026 (2026-11-01).
Source: Kotak Mahindra Bank official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Federal Bank or Kotak home loan?
Federal Bank advertises the lower starting rate (7.5% vs 7.6%). On ₹50 lakh over 20 years that is about ₹73,508 less interest, or ₹306 less per month, at the starting rates. Your actual rate may differ from the starting rate.