Home Loan Eligibility

Owning the house of your dreams is now a reality with Kotak Mahindra Bank Limited Home Loans. KMBL Home Loan eligibility criteria for an individual are uncomplicated and are based on variables, viz., age, monthly income, etc.

Examine your home loan eligibility using our home loan eligibility calculator

Calculate Eligibility

The KMBL Home Loan Eligibility Calculator is convenient to use. It provides an estimate of the loan amount available to you after examining your eligibility with the required details below:

*The calculator is given only as a general self-help planning tool. The results may vary according to the assumptions provided by the customer and other factors. We neither guarantee their accuracy nor applicability to your circumstances.

Home Loan Eligibility Criteria

Home Loan Eligibility Criteria for an Individual

Age:

• Home Loan Eligibility for Salaried persons is between 18 and 60 years.
• Home Loan Eligibility for Self-employed persons is between 18 and 65 years.

Indian Resident with a Gross Income of:

• Minimum Income of Rs. 20,000 per month for residents of Delhi, Mumbai, Bangalore, Pune, and Chennai.
• Minimum Income of Rs. 15,000 per month for the residents of other cities.

Minimum Qualifications:

• If the applicant works with a private limited company or a partnership firm, the minimum educational qualification required is a Bachelor’s degree.
• If the applicant is employed with either a public limited company or MNC or Government or public sector company, no minimum qualification is required.

Home Loan Eligibility Criteria for a Partnership Firm/ LLP/ Indian Company

• The firm/organization should have been existing for a minimum of three years.
• The partnership firm/LLP/Indian Company should have a minimum net income of:
  • 2,40,000 per annum for companies/firms/LLPs in Delhi, Mumbai, Bangalore, Pune, and Chennai.
  • 1,80,000 per annum for companies/firms/LLPs in other cities.

Home Loan Eligibility Criteria for a Hindu Undivided Family (HUF)

• The applicant or the co-applicant must be the Karta of the HUF.
• The HUF should have been in existence for a minimum of three years.
• The HUF should provide their IT returns for a minimum of three years.
• HUF with a Minimum Net Income of:
  • 2,40,000 per annum for the HUFs in Delhi, Mumbai, Bangalore, Pune, and Chennai.
  • 1,80,000 per annum for the HUFs in other cities.