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Frequently Asked Questions

In how many instalments can the loan be disbursed?

The loan will be disbursed in full or in suitable instalments taking into account requirement of funds and progress of home improvement work, as assessed by Kotak Mahindra Bank.

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Does the property have to be insured?

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. That way, you'll always have peace of mind knowing that you and your loved ones will be assured of a roof over their heads.

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In how many years can I repay the loan amount?

You can opt for a loan period of up to 10 years, which can vary depending on your profile.

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How will my loan eligibility be determined?

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.

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What is the maximum amount I can borrow?

You can borrow up to 80% of the home improvement cost, subject to valuation of the property as assessed by Kotak Mahindra Bank.

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