ICICI vs Kotak Home Loan — Which is Better in 2026?

ICICI Home Loan rate is 8.75% vs Kotak at 8.70%. Kotak offers a lower rate, saving you approximately ₹96/month on a ₹30L 20-year loan. Over the full tenure, this adds up to significant savings — use our EMI calculator below to get your exact figures.

Last updated: April 6, 2026

ICICI

8.75%

Interest rate p.a.

Kotak

8.70%

Interest rate p.a.

✓ Better deal

ICICI vs Kotak Home Loan — Detailed Comparison

Feature	ICICI	Kotak
Interest Rate	8.75%	✓8.70%
Processing Fee	0.50% (min ₹3,000)	0.50% + GST
Tenure	Up to 30 years	Up to 20 years
Eligibility	Salaried/self-employed, 23-65 yrs, min ₹30,000/month	Salaried/self-employed, 18-65 yrs, min ₹20,000/month

Interest Rate

ICICI

8.75%

Kotak

8.70%

Processing Fee

ICICI

0.50% (min ₹3,000)

Kotak

0.50% + GST

Tenure

ICICI

Up to 30 years

Kotak

Up to 20 years

Eligibility

ICICI

Salaried/self-employed, 23-65 yrs, min ₹30,000/month

Kotak

Salaried/self-employed, 18-65 yrs, min ₹20,000/month

Verdict

Kotak wins on home loan rate (8.70%) vs ICICI (8.75%). Over a 20-year ₹30L loan, the lower rate can save lakhs in interest. That said, evaluate processing fees, prepayment charges, and branch/digital service quality. PSU banks like SBI and PNB also offer the PMAY subsidy seamlessly. HDFC and ICICI tend to offer faster disbursals for salaried customers.

Calculate Your Exact EMI

Compare ICICI vs Kotak EMI for your exact loan amount and tenure

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Frequently Asked Questions

Which bank is better for home loan — ICICI or Kotak?+

Kotak currently offers a lower home loan interest rate. ICICI charges 8.75% while Kotak charges 8.70%. However, also compare processing fees, prepayment penalties, and loan-to-value ratios before deciding.

Can I switch my home loan from ICICI to Kotak (or vice versa)?+

Yes, home loan balance transfers are allowed. If the rate difference is ≥0.25%, it is usually worth transferring. Factor in foreclosure charges (nil for floating-rate loans post-RBI 2012 circular), processing fees of the new bank, and the break-even period.

What is the EMI on a ₹30L home loan for 20 years?+

At ICICI's rate of 8.75%, the EMI is approximately ₹26,511. At Kotak's rate of 8.70%, it is ₹26,416. Use our EMI calculator for exact figures based on your loan amount and tenure.

Related Home Loan Comparisons

🏠 SBI vs ICICI

8.50% vs 8.75%

🏠 SBI vs Kotak

8.50% vs 8.70%

🏠 HDFC vs ICICI

8.70% vs 8.75%

🏠 HDFC vs Kotak

8.70% vs 8.70%

🏠 ICICI vs Axis

8.75% vs 8.75%

🏠 ICICI vs PNB

8.75% vs 8.50%

← All bank comparisons EMI Calculator →

Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.