Home Loans in Pune

Pune is so much more than a city. Regarded as a prime education hub, it is a residential paradise with some of the finest housing projects that the country has to offer. The city is well regarded for its way of life that encompass recreation, quietude and an upscale way of life.

Real estate in Pune is growing as fast as the city itself and acquiring a home here is a dream of many. When purchasing a home in Pune, one is sure to find some of the best urban infrastructure within proximity. The city has a high density of education centers, parks and hospitals as well as some of the finest shopping and recreation destinations.

Financing in Pune is not difficult provided that one is supported by a reputable financial institution. These days, the city offers homes in various budgets ranging from pocket friendly apartments to luxurious condominiums that can make life a dream. Pune is also a great place to work with many IT hubs and international companies that have found a niche here.

So how does one go about financing a home in Pune? The best way to do so is with a home loan from Kotak Mahindra Bank that make financing a home simple and stress free. Kotak Mahindra Bank Offers housing loans  and finance schemes that allows you to purchase a home in the city.

Kotak Mahindra Bank offers in principle approval of your home loan in 24 hours* through a paperless process by using your income tax credentials. The attractive interest rates takes off the weight of financing a new home. With tenures up to 20 years this means that home loans in Pune have smaller EMIs and greater turnaround time.

Kotak Mahindra Bank makes attaining home loans a simplified process by providing you with doorstep service, where our home loan executive will visit you to explain the entire application process, and to help you understand the entire housing loan eligibility criteria and formalities.

As a Kotak Bank customer you get a profusion of benefits with your home loan, like:

• Loan disbursal with minimum downtime
• Simplified Documentation
• Straight dealings with no hidden charges or conditions
• Zero processing fee for online applicants
• Courteous door-step service
• Insurance options to shield the Home Loan plan that come with an attractive premium
• Pradhan Mantri Awas Yojana (PMAY) compliant

Check your housing loan eligibility to apply for a home loan in Pune.

Kotak Mahindra makes acquiring a home loan easier. To know more, visit your nearest Kotak Mahindra Bank branch.

To avail a home loan in Pune 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 Pune.

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

• 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 Pune should be minimum Rs. 20,000/month.

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

• 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 Pune -

• 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 Pune.

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 Pune:

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

• 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 Pune -

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