Eligibility

Features and benefits

Delhi, the heart of India. Being the national capital, Delhi has been attracting professionals from all across the country. With townships mushrooming across the suburbs of the city, Kotak makes sure that you can fulfil the dream of buying a home in this city by providing you a home loan with easy documentation and in-principle approval in 24 hrs*.

Along with this, the bank offers following features which will benefit home-buyers to avail home loans in Delhi:

A hassle-free process, no hidden charges: Applying online ensures that you can avoid the smog, the pollution and the traffic in the rush hours and save yourself from the bone chilling winters of the city.
Zero processing fee home loans for customers applying online: Applying online has never been more rewarding and easy. We, at Kotak, offer you the benefit of zero processing fees when you apply online for your dream house in this city of culture and heritage.
Pradhan Mantri Awas Yojana (PMAY) compliant: Pradhan Mantri Awas Yojana (PMAY) is a subsidy scheme by the Government of India, intended to make homes affordable to the urban poor. You can avail the benefit of the PMAY subsidy scheme by availing your home loan for your first pucca house from us in the city of Delhi.

The other benefits that Kotak, one of the leading banks, has to offer in the field of Home Loans in Delhi are as follows:

Attractive Interest Rates
Convenient Loan Disbursal Process
Simplified Documentation
Insurance Options to cover your Home loan at an attractive premium
Doorstep Service
Tenure available upto 20 years for Salaried and upto 15 years for Self-Employed
Quick Turnaround time

Check your home loan eligibility to apply for a home loan in Delhi.
Apply for Kotak Home Loan in Delhi today.

Home Loan Eligibility - Delhi

To avail a home loan in Delhi from Kotak Mahindra Bank, we have a predefined home loan eligibility criteria.

Based on different types of applicants, here is the list of criteria that has to be fulfilled while applying for a home loan in Delhi.

Eligibility criteria for an Individual to apply for a home loan in Delhi-

Minimum 18 years of age and Maximum 60 years
In case of self-employed: Maximum 65 years of age
Gross Income of the Individual residing in Delhi should be minimum Rs. 20,000/month.

Eligibility criteria for a Partnership Firm / LLP/ Indian Company to apply for a home loan in Delhi -

Should be in existence for at least 3 years
Minimum net income should be Rs.2,40,000/- p.a.

Eligibility criteria for a Hindu Undivided Family (HUF) to apply for a home loan in Delhi -

Karta of HUF must be applicant / co applicant.
Should be in existence for at least 3 years.
IT returns of HUF for 3 years should be obtained.
Minimum net income should be Rs. 2,40,000.

Minimum Qualification -

Graduate when applicant is employed with a private limited company or partnership firm. If applicant is employed with Public limited company or MNC or Government or Public Sector Company then there is no such criteria.

Check the list of required documents to apply for home loan in Delhi.

Required Documents

While submitting your application form, it is necessary to submit few supporting documents. Based on the type of applicant, we have made a list of documents required to apply for a home loan in Delhi:

Documents required for a salaried applicant to apply for a home loan in Delhi-

One photograph (passport size)
Pan card copy (all applicants with relationship proof)
Aadhaar card copy (all applicants with relationship proof)
Residence proof copy (all applicants with relationship proof)
Salary Slips (of all applicants whose income is considered) – last 3 months
Form 16 and ITR (of all applicants whose income is considered) - last 2 years
Bank statement in original where salary credited (of all applicants whose income is considered) – last 6 months
Bank statement of any other bank a/c (of all applicants whose income is considered) - last 6 months
Details of loan availed with track record (if any existing loans)
All property documents (chain) with sanction map

Documents required for self-employed and NRI applicants to apply for a home loan in Delhi -

In addition to KYC documents, check out other necessary documents -

Sr. No	Home Loan Documents	Self Employed Professionals (SEP)	Self Employed Non-Professional (SENP)/Co./ HUF/ Partnership Firm/LLP	Non-Resident Indians (NRI’s)
	Documentation
1	Bank statement/ pass book copy	Bank statement/ passbook for last 12 months (for applicants whose income is being considered for eligibility) of all accounts mentioned in application form mentioning name of account holders, account number, bank name and branch	Bank statements for the last 12 months – from current account and all other bank accounts mentioned in the application form	Last six months bank statements from domestic (NRE/ NRO/ FCNR/ NRNR) And salary/active international account
2	Age proof	Same as Salaried Individuals	• Same as Salaried Individuals in case of SENP. • For Co./HUF/ Partnership Firm/LLP- NA	Copy of valid passport KYC Documents of POA
3	Income proof and business continuity Proof and other documents required to avail Home Loan	•Latest 3 years income tax returns, personal and business along with computation of income (2 years for Kotak Group customers) •Latest 3 years profit and loss accounts and balance sheet with schedules duly certified by a chartered accountant. ( 2 years for Kotak Group customers) •Degree certificate	•For SENP/Co./ HUF/ Partnership Firm/LLP- same as SEP except degree certificate •Registration Proof with Tax authorities as applicable to type of Business	Income proof for fixed salary: •Salary certificate(in English) specifying name, date of joining, designation and salary details OR •Latest 3 months salary slips Income proof for variable salary: •Salary certificate (in English) specifying name, date of joining, designation and salary details for last 6 months OR •Last six months salary slips
4	Job confirmation proof/proof of	NA	NA	Proof of continuity of employment for the last 3 years. •Appointment letter/ employment contract copy (If the contract is in a language other than English, an English translation of the same attested by the Embassy/ Employer should be given) •For merchant navy employees copy of CDC (Continuous Discharge Certificate) required as an additional documet.
5	Proof of existence of partnership firm / company / HUF / LLP	•For partnership firm : - Registered partnership deed - Letter from other partners stating •For Company – Memoran- dum and Articles of association •For HUF- IT returns	Same as SEP
6	Business Profile	NA	Obtain a business profile on the letter head of the proprietorship/ partnership firm /company /HUF/LLP	NA
7	Business Reference – recommendatory	• At least 2 references. Credit Manager to decide the parties.	Same as SEP	NA
8	Power of attorney	NA	• NA for SENP • POA required for Co. / HUF/ Partnership Firm / LLP	•If the customer is overseas - As per the standard draft (Refer Legal MOPP for format) duly attested by Indian consulate at the place of residence of the NRI customer. In case NRI customer is not available in India at the time of application, attested by a public notary in the place of residence of the NRI customer •If the customer is in India - Power of Attorney is also required
9	Home Loan Repayment track record (RTR)/Proof wherever Applicable	Same as Salaried Individuals	Same as Salaried Individuals	Same as Salaried Individuals
9		Same as Salaried Individuals	Same as Salaried Individuals	Same as Salaried Individuals

Check the features and benefits of applying for home loan in Delhi.

Home Loans in Delhi

Features and benefits

Home Loan Eligibility - Delhi

Required Documents

Kotak Group Companies