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ICICI Bank vs Kotak Mahindra Bank Home Loan
Kotak Mahindra Bank advertises the lower starting rate (7.6% vs 8.5%). On ₹50 lakh over 20 years that is about ₹6,73,252 less interest, or ₹2,805 less per month, at the starting rates.
| ICICI Bank | Kotak | |
|---|---|---|
| Starting interest rate | 8.5% | 7.6% |
| EMI for ₹50 lakh, 20 years | ₹43,391 | ₹40,586 |
| Total interest | ₹54,13,879 | ₹47,40,627 |
| Processing fee | Up to 2% of the loan amount, plus applicable taxes | Not stated |
| Prepayment | No prepayment charges on floating-rate home loans | The bank advertises freedom from prepayment charges |
| Maximum tenure | 30 years | 25 years |
Source: ICICI 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, ICICI Bank or Kotak home loan?
Kotak Mahindra Bank advertises the lower starting rate (7.6% vs 8.5%). On ₹50 lakh over 20 years that is about ₹6,73,252 less interest, or ₹2,805 less per month, at the starting rates. Your actual rate may differ from the starting rate.