How to Get a Quick Home Loan From Kotak Bank | Kotak Mahindra Bank - Home Loan Stories
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28 OCTOBER, 2021

If you have an idea of the real estate prices, you might know that it can be challenging to afford a house with your savings. The skyrocketing prices of house properties can easily empty your coffers and put you in a financial crisis. Thankfully, you have the facility of loans. Availing a home loan can help you buy the house of your dreams through small instalments called Equated Monthly Instalments. You can choose a comfortable tenure and repay the amount as per your affordability.

If you wish to avail a home loan, go no further because, with Kotak Mahindra Bank, you can get the best housing loan offers in a short time.

Process to Get a Quick Home Loan with Us

You can get a quick home loan with us with this step-to-step guide -

  • Visit our official webpage and click on the home loans tab
  • Click on ‘Apply Now’
  • Fill your personal, financial and professional details like name, age, income, etc., in the space provided
  • Verify yourself by entering the OTP received on your registered mobile number.
  • Get the quote and your eligible offer.
  • You can then customize the loan as per your need.
  • A bank representative would call you to help with other formalities.

Why Choose Us for Your Home Loan Needs?

  • Less processing fee

We not only offer the lowest home loan interest rates but also charge a minimum processing fee. With us, you can get a quick approval with a low processing fee and no hidden charges.

  • Quick approval and disbursal

We at Kotak, know how eager you are to purchase your dream home. If you fulfil all the eligibility, you can get a loan approval within 24 hours. You can also get in-principal approval through a paperless process with your income tax credentials. In addition, with us, you can get the disbursement of the home loan amount within two working days in your bank account.

  • Online interface

Our online interface makes it easier for you to get a loan approval quicker. You no longer need to visit our bank branch to apply. You can apply for home loan and upload the documents online.

Tips to Get a Quick Home Loan from Kotak Mahindra Bank

  • Have a high credit score

You must have a credit score of 700 and above to get a loan approval. Your credit score indicates your creditworthiness and repayment capacity. It is best to check your credit score and then apply to avoid a delay in approval.

  • Check your eligibility

The first thing that the lenders check while processing your application is whether you fulfil the home loan eligibility. Apart from having a good credit score, you must have a stable job profile, preferable minimum income and stable employment status. You must check your eligibility and ensure you meet them before applying to quicken the process.

Ensure to fulfil all the formalities. Often the process is delayed if the documents are not updated or accurate. While you apply for home loans, ensure to arrange the documents chronologically, and get them stamped and signed to get a quick home loan from Kotak Mahindra bank.

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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.