Home Loans in Delhi

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. 

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.

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 -