NRI Home Improvement Loan
Spark some life back into your home
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.
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.
You can opt for a loan period of up to 10 years, which can vary depending on your profile.
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 borrow up to 80% of the home improvement cost, subject to valuation of the property as assessed by Kotak Mahindra Bank.