Important Documents Required for a Home Construction Loan | Kotak Mahindra Bank - Home Loan Stories
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20 OCTOBER, 2021

While buying a house is challenging, renovating and improving it could be difficult too. Courtesy, the high cost of raw materials and labours. You might want to change the interiors or renovate the bathroom, kitchen or other areas after a few years of purchasing the house. However, any renovation or improvement work can easily cost you a few lakhs of rupees. Thankfully, you can avail a home renovation loan for it. We at Kotak, offer a home improvement loan up to 80% for loans between Rs. 30-75 Lacs & 75% for Loans above 75 Lacs to help refurnish the look of your house. Read on to learn more.

What Is a Home Improvement Loan?

A home improvement loan is a secured loan, where you can borrow funds to finance your home renovation and home improvement needs. You can take a home improvement loan by mortgaging the property, which you intend to renovate and improve. 

Documents Required for Home Improvement Loan

You will need to furnish the following documents to avail a home improvement loan with us:

  1. Passport size photograph
  2. Duly filled application form
  3. Identity proof - Any one of the following
    • Aadhaar card
    • PAN Card
    • Passport
    • Birth certificate
    • Driving license
  4. Address proof - Any of the following
    • Bank statements
    • Property tax receipt
    • Utility bill
    • Aadhaar card
    • Voter ID
  5. Details of existing loans, if any. 
  6. Property documents
  7. Income documents


Self- employed

Salary slips for the last three years

Bank statements for the last six months

Form 16

Profit & Loss account and balance sheet for the last three years.

Bank statement for the last six months

Income tax returns for the last two years.


Business commencement registration certificate

Why Kotak Mahindra Bank?

Availing a home improvement loan with us at Kotak, has the following benefits:

  • High-value loan

When you have finally decided to renovate your house, make sure it looks the best. With high-value home improvement loans, you can use imported furnishing and consult the best designers to uplift the look of your house. With us, you can avail a loan value of up to 90% of the property value.

  • Longer tenure

With long tenures, there is no rush to repay the money instantly. You can choose a tenure that helps you repay the EMIs comfortably. With a maximum tenure of 15 years, you can repay the home improvement loan as per your financial viability.   

  • Flexible disbursement schedule

Whether you want to start the improvement of the whole house together or wish to renovate one room at a time, you can easily do so with a home improvement loan. Kotak Mahindra Bank has the facility of disbursing the loan in full or in instalments as per the progress of the work. Moreover, you can take the loan individually or with a co-applicant. 


Documentation is a crucial part of availing a home improvement loan. Providing updated and adequate documents required for home improvement loan helps the lender process your loan application quickly and efficiently. To make your home look new, apply for a home improvement loan with Kotak Mahindra Bank, 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.