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Documents Required for Home Loan
Are you looking for a sought-after customer-friendly home loan? We, at Kotak, like to offer our customers a systematic and transparent system when it comes to the documentation for Home Loans.
The process of availing a Home Loan starts as soon as an individual obtains a Home Loan Application Form, and submits it to us duly filled and signed. However, many a times, applicants face difficulty while filling up the form, and understanding the specific requirement of documents for home loan. So, in order to facilitate a hassle free process for all our customers, please find the entire list of documents required for home loan.
Documents Required to avail a home loan for a Salaried Applicant -
Documents Required to avail a home loan for a Self Employed applicant -
In addition to KYC documents, check out the other necessary documents:
|Documents Required for Home Loan||Self Employed Professionals (SEP)||Self Employed Non-Professional (SENP)/Co./
|Non-Resident Indians (NRI’s)|
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)
|•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|
Am I eligible for a Home Loan?
The primary eligibility criteria for Kotak Home Loans include:
You can read our Home Loan eligibility criteria for more details.
How much EMI do I have to pay?
The Home Loan EMI calculator works on three primary variables, which are,
You can calculate your EMI payable on our Home Loan EMI Calculator.
Why should you apply for Kotak Home Loan?
Our Home Loan is not only affordable, but our customized facilities also ensure that the process of buying your dream home is hassle free and pleasurable. Enjoy benefits of zero processing fees for online applications, attractive interest rates, quick loan disbursal, long repayment tenure, minimum documentation, insurance cover, swift doorstep services and much more!
Breathe life into your dreams with Kotak Home Loans.
You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents & deposit of original property documents is required to be completed prior to disbursement.
In most cases, the property itself, bought or intended to be bought, becomes the security till the entire loan is repaid.
Your home is your pride and joy. Don't let unplanned events take it away. Property insurance will take care of home in case an unforeseen event strikes.
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.
* Rs. 5,000 Flat processing fee applicable for women applicants.