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:
The other benefits that Kotak, one of the leading banks, has to offer in the field of Home Loans in Delhi are as follows:
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-
Eligibility criteria for a Partnership Firm / LLP/ Indian Company to apply for a home loan in Delhi -
Eligibility criteria for a Hindu Undivided Family (HUF) to apply for a home loan in Delhi -
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-
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 |
Check the features and benefits of applying for home loan in Delhi.