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Central Bank of India vs Kotak Mahindra Bank Loan Against Property
Central Bank of India advertises the lower starting rate (8.9% vs 9.15%). On ₹50 lakh over 15 years that is about ₹1,33,945 less interest, or ₹744 less per month, at the starting rates.
| Central Bank | Kotak | |
|---|---|---|
| Starting interest rate | 8.9% | 9.15% |
| EMI for ₹50 lakh, 15 years | ₹50,416 | ₹51,160 |
| Total interest | ₹40,74,938 | ₹42,08,882 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Central Bank of India official page, checked 2 November 2026.
Source: Kotak Mahindra Bank official page, checked 2 November 2026.
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, Central Bank or Kotak loan against property?
Central Bank of India advertises the lower starting rate (8.9% vs 9.15%). On ₹50 lakh over 15 years that is about ₹1,33,945 less interest, or ₹744 less per month, at the starting rates. Your actual rate may differ from the starting rate.