Home Loans in Bangalore
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Bangalore is one of the most livable cities in India. An exceptional number of IT professionals are migrating to the city to fulfill their career dreams. Additionally, the latest boom in real estate has inclined people’s interest in investing in their homes. Own your home with Kotak’s best home loans in Bangalore at affordable interest rates. Apply now!
Professionals are migrating from pan India to Bangalore and looking to improve their quality of life. The desire to own a home is inevitable but hindered by the need for upfront money. Home loans in Bangalore can make your dream come true. When you think of housing loans in Bangalore, you think of Kotak Mahindra Bank due to our unmatched features, such as:
Selecting the best home loan interest rates in Bangalore is cardinal to grabbing a profitable deal. Interest rates define your EMI amount and repayment tenure. Kotak Mahindra Bank offers the best home loan interest rates in Bangalore.
You can easily assess your monthly liabilities using our home loan EMI calculator to plan your dream in advance.
Home Loan Eligibility Criteria for an Individual
The primary documents required to apply for a housing loan in Bangalore are:
Home loan application has now become a cakewalk with all online facilities. You can easily apply for home loans in Bangalore online by following these simple steps:
1. Visit Kotak Mahindra Bank’s official website
2. Enter your age and mobile number to log in
3. Go to the loan application section
4. Fill out your basic financial details on the application form to check your eligibility
5. Customize your loan amount and tenure using the EMI calculator.
6. Upload the required documents
7. Get sanctioned, provided all the details you fill in and the documents are accurate
Kotak Mahindra Bank offers the lowest possible interest rate of 8.3% per annum for a home loan in Bangalore.
Your home loan repayment capacity as determined by Kotak Mahindra Bank decides the maximum amount you can borrow.
For a home loan in Bangalore, the minimum salary requirement is Rs. 20,000.
● Application form with a duly signed photograph of the applicant
● Bank details
● Identity proof like PAN, Aadhaar, Driving license, Passport, Voter ID
● Evidence of educational qualification/ proof of business existence
● last 3 months’ salary slip (for salaried person)
● Last 3 years’ balance sheet, and audited P/L statement (for self-employed person)
● Last 3 years filed ITR
● Relationship proof
● The age of a salaried and self-employed applicant should be between 18 to 60 years and 18 and 65 years, respectively.
● A salaried employee must have a minimum gross income of INR 20,000/- per month. A self-employed individual’s minimum net income should be INR 2,40,000/- p.a.
● A private firm employee should have a bachelor’s degree+ 2 years of work experience
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.
