Home Loan in Surat
50% off on Processing Fees* | Tenure up to 25 Years | Attractive Interest Rates
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With the ever-evolving urban landscape of Surat, any good home loan consultant in Surat will suggest that it’s a terrific city to invest in. If you want to invest in a home and require some financial assistance, look no further than Kotak Mahindra Bank’s Home Loans, a go-to option for many. Secure your dream home and redefine your living experience in this vibrant city.
Before you apply home loan in Surat, check out these eligibility criteria. These factors differ based on your income source, type of occupation, credit score and other aspects. The table below explains the eligibility for salaried and self-employed applicants:
Criteria | Self-employed Applicants | Salaried Applicants |
---|---|---|
Age |
Applicants should be between 18-65 years old |
Applicants should be between 18 and 60 years old |
Citizenship |
Indian |
Indian |
Income |
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 Income of Rs 20,000 per month for Delhi, Mumbai, Bangalore, Pune, and Chennai residents. Minimum Income of Rs 15,000 per month for the residents of other cities. |
Work Experience/ Continuity |
A minimum 3 years in business, practice or profession. |
2 years of work experience and at least 6 months in the current organisation. |
For a home loan in Surat, you need to furnish several documents associated to the property, the applicant’s finances, occupancy, identity, and residential address. These include:
Avail home loan in Surat by following these straightforward steps:
After submitting the basic details, our Home Loan Specialist will reach out to begin processing your application
Housing opportunities in Surat are now a reality with our transparent home loan interest rate structure! Curious about the specifics? Swing by the nearest Kotak branch, and our team will brief you about our competitive offerings, tailor-made for Surat's residents. Don’t have time? Click here and see the latest rates available. *T&C apply
Home loan borrowers can claim tax deductions on both the principal amount and the interest paid, as per section 24B of the IT Act provisions. An Individual can claim tax deductions under section 80C on both the principal (up to 1.5 Lakhs) and the interest amount paid (up to 2 Lakhs).
Processing fees vary, but they're generally a percentage of the loan amount, up to to 1%. What’s more, there’s a 50% discount on this if you apply for a Kotak Mahindra Home Loan online.
Absolutely! Kotak Bank offers home loans to both salaried and self-employed individuals, with a slightly varied documentation process.
Charges can vary, but generally, for floating-rate loans, there aren't any prepayment penalties.
Yes, you can discuss tenure revision with your Kotak Bank relationship managers, but it's subject to certain conditions and approval.
Yes, Kotak Bank offers top-up loans for existing customers, providing an added financial cushion for any further requirements.
Once all required documents are submitted, and the initial checks are done, the loan approval process can be surprisingly quick.
Kotak Mahindra Bank is the top choice for Home Loans in Surat due to our competitive interest rates, hassle-free application process, and swift loan approval. Our commitment to serving the financial needs of the people of Surat has made us a trusted name.
Branch Address:
Kotak Mahindra Bank Ltd-Assets 1st Floor, International Business Centre, Piplod, Gaurav Path road, Dumas Road,Surat, 395007
*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.
Learn all about Home Loan
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.