Loan Details

Interest Rate

7.99% onwards

Processing Fee

Up to 2.0%

Prepayment

Charges

Nil

Tenure

Upto 20 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Kotak Bank Home Loan

The criteria vary for all individuals depending on various factors:

Age – For
salaried individuals between 18 to 60 years and for self-employed between 18 to 65 years.

Credit Score
750 & above

Employment Type
Salaried professionals / Self-Employed / Partnership Firm / LLP / Hindu Undivided Family

Minimum Gross Income
(monthly)
– For salaried individuals, minimum Rs 20,000 per month (Delhi,
Mumbai, Bangalore, Pune, Chennai) and Rs 15, 000 per month (Other cities).

For Self-Employed minimum Rs 12,000 per month (Delhi, Mumbai, Bangalore, Pune, Chennai) and Rs 15,
000 per month (Other cities).

Work Experience
the business should be in existence for more than 3 years.

For Salaried Applicant

-Photograph

-PAN Card (mandatory)

-Aadhar Card

-Residence Proof

-Salary Slips (last 3 months)

-ITR (last 2 years) and Form-16

-Bank Statement

-All Property Documents

-Details of Previous Loans

-Relationship Proof For Self-Employed

-Bank Statement (last 12 months)/Pass Book copy

-PAN Card

-Aadhar Card

-ITR for last 3 years along with computation of income

-Profit and Loss Account and balance sheet for the latest 3 years (with schedules and certified by CA) For Hindu Undivided Family

-Bank Statement (last 12 months)/Pass Book copy

-ITR for last 3 years along with computation of income

-Registration Proof

•           Application for a loan with the submission of documents

•           Payment of Processing Fees

•           Discussion with the bank for further details

•           Loan Approval after thorough verification of the documents

•           Confirmation letter processing

•         Loan disbursement.

6.75% to 8.45% pa