NRI Home Improvement Loan
Spark some life back into your home
You can borrow up to 80% of the home improvement cost, subject to valuation of the property as assessed by Kotak Mahindra Bank.
Your repayment capacity as determined by Kotak Mahindra Bank will help decide how much you can borrow. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependent's, spouse's income, assets, liabilities, savings history and stability and continuity of occupation.
You can opt for a loan period of up to 10 years, which can vary depending on your profile.
If you are an individual - your spouse, your parents, or even your major children can be your co-applicants. The co-owner of a property has to be a co-applicant, but a co-applicant need not be the co-owner of the property.