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With its robust IT and manufacturing sectors, Pune has emerged as a hub for commerce in the country. Moreover, the picture perfect city’s landscape is also home to prestigious educational establishments that have attracted students nationwide. The vibrant city's tranquillity and abundant greenery further enhance the appeal of residential properties.
To help you buy a new home without burdening your budget, Kotak Mahindra Bank offers minimal documentation with affordable interest rates, flexible repayment terms, quicker processing, and faster disbursal in Pune.
Move closer to your dream home and avail Kotak Mahindra Bank’s best Home Loan rates in Pune. Here are some more features and benefits of a housing loan you can take advantage of:
Looking to buy a home in Pune with the lowest home loan interest rates in Pune? Kotak Mahindra Bank offers an irresistible Home Loan interest rate.
| Customer Type | Effective Rate Of Interest |
|---|---|
Floating Category (Repo Rate: 6.50%) |
|
For Salaried |
8.75% onwards |
For Self-employed |
8.75% onwards |
*Get in touch with us to explore the wide range of cheapest Home Loans in Pune tailored to your needs.
Discover your home loan eligibility in just a few moments using our convenient eligibility calculator. The basic criteria for a Home Loan finance company depends on internal assessment of an application: salaried individual or self-employed with a CIBIL score,+, monthly Income, credit history, fixed monthly financial obligations etc.
| Criteria | Self-employed Applicants | Salaried Applicants |
|---|---|---|
| Age | Applicants should be between 18-65 years old |
Applicants should be between 18 and 60 years old |
| Citizenship | Indian |
Indian |
| Income | Minimum Income of Rs 20,000 per month for residents of Delhi, Mumbai, Bangalore, Pune, and Chennai. Minimum Income of Rs. 15,000 per month for the residents of other cities. |
Minimum Income of Rs 20,000 per month for Delhi, Mumbai, Bangalore, Pune, and Chennai residents.
Minimum Income of Rs 15,000 per month for the residents of other cities. |
| Work Experience/ Continuity | A minimum 3 years in business, practice or profession. |
2 years of work experience and at least 6 months in the current organisation. |
For a home loan in Pune, you need to provide various documents related to the property, finances, occupancy, identity, and address. These documents include
*In certain cases, additional documents may be required.
Applying for a Home Loan service in Pune has never easier. You just have to visit the Home Loan section on the Kotak Mahindra Bank website and follow a simple process.
After submitting the basic details, our Home Loan Specialist will reach out to begin processing your application
Home Finance Banks and institutions like Kotak Mahindra Bank provide a range of loan options for the purchase of property, renovation, improvement, construction. These loan facilities are accessible to everyone, including business owners, medical practitioners, legal experts, and chartered accountants.
At Kotak Mahindra Bank, the approvable loan amount is determined using multiple factors that are not just limited to Income, CIBIL score, assessment, location, monthly obligations, etc.
Usually, a credit score of 750 or higher is considered good when seeking a Home Loan. However, based on your income and repayment capacity, you can get a Home Loan with a less than ideal credit score as well, with differing terms and conditions however.
Yes, one of the main drivers for borrowers to consider transferring their home loan to another lender is the availability of a more competitive interest rate. By securing a lower rate with Kotak Mahindra Bank, you can effectively reduce your monthly obligations and overall loan expenditure.
Under Section 80C of the Income Tax Act, borrowers can avail of annual tax deductions of up to Rs. 1.5 lakh on the principal repayment of their Home Loans. Additionally, as per Section 24, borrowers can claim tax deductions of up to Rs. 2 lakhs on the interest payments made towards their Home Loan.
Kotak Mahindra Bank is the top choice for Home Loans in Pune due to our competitive interest rates, hassle-free application process, and swift loan approval. Our commitment to serving the financial needs of the people of Pune has made us a trusted name.
Branch Address:
Kotak Mahindra Bank Ltd.,4th Floor, Zone II,Nyati Unitree, Yerwada,Nagar Road, Pune - 411006
Terms & Conditions Apply: The final home loan interest rate and other associated charges are subject to a rigorous assessment process, including an evaluation of the applicant's creditworthiness, CIBIL score, property value, and other relevant factors.
You can pay off any existing balance of Home Loan using Kotak’s Home Loan Balance Transfer at a lower rate of interest.
If you are an NRI and are looking for a Home Loan, Kotak provides you just that. Check out our NRI Home Loans section.
If you are looking for renovating your home, you can do so by taking Kotak’s Home Improvement Loans
To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
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.
