NRI Home Loan
Unlock the door to your dream home with ease
The loan will be disbursed in full or in suitable instalments taking into account requirement of funds and progress of construction, as assessed by Kotak Mahindra Bank.
You can opt for a loan period of up to 15 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.
In most cases, the property itself, bought or intended to be bought, becomes the security till the entire loan is repaid. In some cases additional security such as life insurance policies or Term Deposit receipts of Kotak Mahindra Bank (if available) can be provided.
You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents and deposit of original property documents are required to be completed prior to disbursement.