Own Your Home in Hyderabad with Kotak Bank Home Loans

Hyderabad is a city of grandeur. You can improve your career prospects along with the quality of living in one of the finest pro-growth Indian cities. You can also add a tangible asset to your name with attractive housing loans in Hyderabad.

Own your home with the best home loan banks in Hyderabad at affordable interest rates.

Features and Benefits of Availing a Home Loan in Hyderabad

Earning a substantial living to meet your expenses can be an energy-draining task. When you return from a daunting day, all you want is the comfort of your home. The desire of owning a home is inevitable but hindered by the need for upfront money. Home loans in Hyderabad can make your dream come true. And when you think of housing loans in Hyderabad, you think of Kotak Mahindra Bank, all thanks to our unmatched features, like:

  • Quick and instant disbursals
  • Easy and simple documentation
  • Door-step assistance at no cost
  • Added options of insurance with affordable premiums

Home Loan Interest Rates in Hyderabad

Get the best home loan interest rates in Hyderabad to buy an affordable home. Our home loans come with repayment flexibility with a tenure of up to 20 years for salaried and up to 15 years for self-employed. Check out Kotak’s home loan interest rates in Hyderabad:

You can easily assess your probable EMI using our home loan EMI calculator to plan your dream in advance.

 

Eligibility Criteria for a Home Loan in Hyderabad

 

Home Loans in Hyderabad Eligibility Criteria for an Individual

  • A salaried person must be of age between 18-60 years while a self-employed person should be 18-65 years old
  • Minimum income of INR 15,000/- per month and 2 years of experience
  • Minimum bachelor’s degree for individuals working in private firms

 

Home Loans in Hyderabad Eligibility Criteria for a HUF

  • Applicant must be the Karta of the Hindu Undivided Family and should be the applicant/co-applicant
  • Minimum 3 years of existence
  • Minimum 3 years IT returns
  • Minimum net income of INR 180,000/- annually

 

Home Loans in Hyderabad Eligibility Criteria for an Organisation

  • Minimum 3 years of existence.
  • Minimum net income of INR 180,000/- p.a.

Documents Required for Getting a Home Loan in Hyderabad

 

The primary documents required to apply for a housing loan in Hyderabad are:

  • Application form
  • Duly signed photograph of the applicant on the application form
  • Necessary bank details
  • Property papers with sanction map
  • Proof of identity: PAN, Aadhaar, Driving license, Passport, Voter ID
  • Age proof: PAN, Aadhaar, Driving license, Passport, Voter ID
  • Signature proof: PAN, Passport
  • Proof of Address: Aadhaar, Driving license, Passport, Voter ID
  • Educational qualification evidence/ 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)
  • Last1 years filed ITR for salaried professionals
  • Relationship proof

 

How to Apply for a Home Loan Online in Hyderabad?

You can easily apply for home loans in Hyderabad online by following these simple steps:

  • Go to the official website of Kotak Mahindra Bank
  • Log in using your mobile number and provide the age as required
  • Navigate to the loan application section
  • Fill out the application form
  • Use the EMI calculator to set your loan amount and tenure
  • Provide the necessary documents
  • Get an in-principle approval if your details and documents are correct

 

 

Ready to take the next step?

Have specific doubts? Talk to our Home Loan Advisor

Frequently Asked Questions

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What are the Eligibility Criteria for a Home Loan in Hyderabad?

●  For individuals: age limit for salaried employees is 18 to 60 and for self-employed is 18 to 65, minimum income of Rs. 15,000 per month and 2 years’ work experience, Bachelor’s degree for those employed with private firms

 

●  For HUF: minimum 3 years of existence and IT returns, net annual income should be Rs. 180,000

●  For organisations: should have existed for 3 years at least with a net annual income of Rs. 180,000

What are the Documents Required for Getting a Home Loan in Hyderabad?

●  Application form with a duly signed photograph

●  Bank details

●  Property papers with sanction map

●  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 1 years filed ITR for salaried professionals

●  Relationship proof 

What is the interest rate for the Home Loan in Hyderabad?

Kotak Mahindra Bank offers the best home loan rates in Hyderabad, India.

For salaried persons, it is at 8.3% p.a. onwards and 8.4% p.a. onwards for self-employed persons. To find out the exact interest rate applicable in your case, you can use the interest rate calculator.

What is the minimum salary required for a home loan in Hyderabad?

The minimum salary of INR 15,000/- p.m. is required for a home loan in Hyderabad.

However, your eligibility for a home loan depends upon other conditions like age and any other financial liabilities.

How to apply for an online Home Loan in Hyderabad?

Applying for home loan in Hyderabad is quite simple.

All you need to do is visit the official website of Kotak Mahindra Bank and fill in the online application form. Ensure that you are providing the required information and documents. Once that is done correctly, a Kotak Bank executive will contact you for the next steps.

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.