How to Use Kotak's Online Home Loan Eligibility Calculator | Kotak Mahindra Bank - Home Loan Stories
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18 FEBRUARY, 2022

For most Indians, owning a house is a matter of pride, achievement and social status. While some save for years to be able to afford their dream home, many others opt for home loans. Home loans help them purchase or construct the house of their liking despite surging real estate prices. However, there are many stages of availing a home loan. While the process of applying for a home loan is easy and fast, one must be eligible for it. Lenders carefully scrutinize the applicant’s profile to ensure that they are eligible for the loan. If not, they can reject the application. Therefore, it is usually suggested to check eligibility before applying for a home loan. 


If you are planning to avail a home loan, here is a guide on home loan eligibility and how Kotak Bank’s online eligibility calculator can help you.


What is home loan eligibility?


To avail a home loan, you would need to fulfill the following home loan eligibility:



  • The minimum age limit for salaried applicants is between 18 to 60 years
  • The minimum age limit for self-employed applicants is between 18 and 65 years.


Gross income

  • To get a home loan, you must have a minimum gross income of Rs 20,000 per month if you reside in Delhi, Mumbai, Bangalore, Pune or Chennai.
  • Similarly, for other cities, the minimum income should be at least Rs 15,000.



  • The applicants should have an existing job experience of at least three_years.
  • If the applicant is employed with a private limited company or partnership firm, the minimum academic qualification required is a bachelor’s degree.


How can Kotak Bank’s home loan eligibility calculator help you?

Home loan eligibility calculator is a computation online tool that you can find on Kotak website for free. You can use it to check if you are eligible for the loan and can prepare estimates to plan your home loan.  With the help of this calculator, you can determine your eligibility and know the loan amount you are eligible for.


With this calculator, you can also ensure that your application is not rejected due to ineligibility. You can just enter the variable values in the space provided and find the results instantly. It is free and can be used any number of times. In addition, if you want a different result, you can simply change the variable values on the calculator and modify the results.


You can use a home loan eligibility calculator with the following steps:

  • Visit Kotak Mahindra Bank’s home loan webpage and click on the eligibility calculator.
  • Once you are on the eligible calculator webpage, select if you are salaried or self-employed.
  • Enter your monthly income
  • Enter any existing EMI
  • Enter the current interest rate
  • Lastly, input your chosen tenure.

You can also use the sliders. Your results will be displayed on the right side.


Kotak’s eligibility calculator can help you determine your eligibility within seconds and avoid rejections. With this online tool, you can plan your loan and take steps to enhance your eligibility if required. So, what are you waiting for? Check your home loan eligibility and apply for home loan today.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.