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We, at Kotak, lay out a simple procedure that enlists the eligibility criteria for Kotak Home Loans. Let us provide you details on housing loan eligibility criteria and what role does it play in the complete process.
Also you can find out about Pradhan Mantri Awas Yojana Eligibility Criteria
Am I eligible to apply for a Home Loan?
Your eligibility as determined by Kotak Mahindra Bank will help decide if you can and how much you can borrow. The information that will be required at the time of application includes the location of the property, co-applicants and your basic contact details. Once these details are submitted you shall get a quote online, followed by which, you will be able to apply for a Home Loan. You can check whether you are eligible for a Kotak Home Loan by simply using our Housing Loan Eligibility Calculator.
Check your Eligibility with Kotak Mahindra Bank in 1 minute using Home Loan Eligibility Calculator.
What documents are required to avail Home Loan?
Once you start the process of application, you will be required to present a few documents to the Bank for testifying your eligibility. These include:
Find out more by checking out the documents required for home loan.
Why should you apply for a Kotak Home Loan?
Kotak Home Loan not only offers you an attractive interest rate but also guides you through the entire process right from your doorstep! All the details pertaining to the EMI payments, eligibility criteria, documentation etc. are available online. With zero processing fees for online applications, we intend to fast track the loan approval process and make it memorable for you! We also extend convenient loan disbursement options and lucrative insurance options to cover your home loan at an attractive premium.
To find out what more is in store for you, read Kotak’s home loan features.
Also you can find out the Pradhan Mantri Awas Yojana Eligibility Criteria
Select your preferred method.
There are various factors that determine a borrower’s eligibility for a home loan.
Primary factors include:
If you are an individual - your spouse, your parents, or even your major children can be your co-applicants. The co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property.
Your repayment capacity as determined by Kotak Mahindra Bank will help decide how much you can borrow.
Co-Borrower can be spouse, parents or brother or son, but income of co-borrower is consider as per home loan policy of Kotak Mahindra bank.
There is no capping of upper limit of number of co-borrower, however minimum one co-borrower is required.
Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
* Rs. 5,000 Flat processing fee applicable for women applicants.