Loans can be applied by individuals,
either solely or jointly. Owners of the current property,
in respect of which the loan is being sought, will have to
be co-applicants. However, the co-applicants need not be co-owners.
Kotak Home Finance is currently available for individuals
in Mumbai (including Thane and Navi-Mumbai).
Specific eligibility criteria are as follows :
For salaried individuals:
Minimum
gross annual income should be Rs.1.44 lacs.
Minimum
of 21 years of age.
60
years or your retirement age, whichever is earlier at
the time of loan maturity.
Self-Employed Professionals:
Minimum
annual income should be Rs 1.44 lacs as per the P&L.
Minimum
gross annual income should be Rs 1.44 lacs
Minimum
of 21 years of age.
65
of age at the time of loan maturity.
Firm/company
should have been in operation for the last 3 years.
Firm/company
should be making cash profits for the last two years.
Self-Employed Non-Professionals:
Minimum
annual income should be Rs 1.44 lacs as per the P&L.
Minimum
of 21 years of age.
65
of age at the time of loan maturity.
Firm/company
should have been in operation for the last 3 years.
Firm/company
should be making cash profits for the last two years.
Already have a
Kotak Home loan?
For any queries contact our customer-care desk at:
