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Say goodbye to renting woes and embrace the pride of owning your dream home in the vibrant city of Indore. Discover the joy of homeownership with Kotak Home Loan solutions. Whether you are looking for a cosy apartment or a spacious villa, our Home Loan can help you turn your homeownership dream into reality. With a flexible repayment tenure and an affordable interest rate, Kotak Bank simplifies the journey to your abode.
Applicants must meet specific eligibility criteria to access Home Loan in Indore.
| Criteria | Self-employed Applicants | Salaried Applicants |
|---|---|---|
Age |
Between 18 and 65 years |
Between 18 and 60 years |
Citizenship |
Indian |
Indian |
Minimum Monthly Income |
Rs. 15,000 |
Rs. 15,000 |
Work Experience/ Continuity |
A minimum of 3 years in business, practice or profession. |
2 years of work experience with at least 6 months in the current organisation. |
Here are the documents required for the Home Loan application in Indore.
*Not mandatory
Note: In certain cases, additional documents may be required.
Follow these steps to apply for housing finance in Indore online:
Alternatively, you can apply for a Home Loan by visiting your nearest Kotak Bank branch.
You can use the Home Loan Eligibility Calculator on our website to get an idea of the loan amount you might be eligible for. You can also check with your nearest Kotak Bank branch.
Yes, you can choose a repayment tenure of up to 25 years for your Home Loan in Indore. It can reduce your monthly EMI amount, making it more manageable.
You can claim tax deductions of up to Rs. 1.5 Lakh on the principal amount under Section 80C and up to Rs. 2 Lakh on the interest amount under Section 24 (B).
Various types of properties, including apartments, villas, and builder floors can be financed through Home Loans in Indore.
Kotak Home Loan interest rate starts at 8.75% per annum.
Popular residential areas in Indore for buying a home include Vijay Nagar, AB Road, Bhawrasla, Palasia, and Nipania, known for their amenities, connectivity, and property appreciation potential.
Terms & Conditions Apply: The final home loan interest rate and other associated charges are subject to a rigorous assessment process, including an evaluation of the applicant's creditworthiness, CIBIL score, property value, and other relevant factors.
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
If you are looking for renovating your home, you can do so by taking Kotak’s Home Improvement Loans
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
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.
