Apply Kotak Mahindra Bank Home Loan online easily by following few steps and get approval within few minutes. Get Interest Rates ✔ Processing Fee ✔ Documentation ✔ Eligibility Criteria ✔ Schemes and Offers ✔ EMI ✔ Customer Care Numbers ✔ Branch Addresses ✔ and other details about Kotak Mahindra Bank Home Loan.
Kotak Mahindra Bank Home Loan Purpose – Home Loan can be used for Purchase / Construction / Renovation / Repairs / xtensions / furnishing of house and flat / land purchase and construction thereon.
Table of Contents
Kotak Bank Home Loan Interest Rates
|Interest Rates||8.35% onwards|
|Processing Fee||Upto 1.25% of Loan amount|
|Loan Tenure||20 years|
|EMI at 1 Lakh for 20 Years||Rs. 758/-|
|Customer Care Number||1860 266 2666|
Eligibility Criteria For Kotak Bank Home Loan
|Age Limit||Upto 65 years|
|Income Documents||Latest Salary-slip / ITR / Profit and Loss Balance Sheet|
Documents Required For Kotak Bank Home Loan
|Application Form||Application form with all required details filled in.|
|Proof Of Identity||Pan Card, Voters ID Card, Passport.|
|Proof Of Address||Utility bills, ration card, passport.|
|Income Documents||Latest salary slip And Form 16 (For Salaried); ITR, P/S balance sheet(For self-employed)|
|Banking||Latest bank statements|
Kotak Mahindra Bank Home Loan EMI Calculator
For making our users experience better we can show some pre-calculated example below
|Loan Amount||Interest Rates||Repayment Period/Time||EMI Per Month|
|5 Lakhs||8.35%||6 Years||Rs. 8,852|
|8 Lakhs||8.35%||7 Years||Rs. 12,589|
|10 Lakhs||8.35%||8 Years||Rs. 14,290|
|13 Lakhs||8.35%||9 Years||Rs. 17,127|
|15 Lakhs||8.35%||10 Years||Rs. 18,438|
|17 Lakhs||8.35%||12 Years||Rs. 18,682|
|18 Lakhs||8.35%||15 Years||Rs. 17,515|
|20 Lakhs||8.35%||13 Years||Rs. 20,998|
|22 Lakhs||8.35%||17 Years||Rs. 20,157|
|24 Lakhs||8.35%||20 Years||Rs. 20,525|
|25 Lakhs||8.35%||14 Years||Rs. 25,211|
|27 Lakhs||8.35%||10 Years||Rs. 33,188|
|29 Lakhs||8.35%||16 Years||Rs. 27,336|
|30 Lakhs||8.35%||15 Years||Rs. 29,192|
|31 Lakhs||8.35%||18 Years||Rs. 27,689|
|32 Lakhs||8.35%||17 Years||Rs. 30,235|
|33 Lakhs||8.35%||19 Years||Rs. 29,682|
|35 Lakhs||8.35%||20 Years||Rs. 29,932|
Kotak Mahindra Bank Home Loan Eligibility Calculator
Kotak Mahindra Bank Home Loan amount depends on applicant’s income/salary, because as per policy a person can pay 50% to 60% (depends on bank to bank) total amount of monthly income in the form of EMIs.
Lets take an example – If applicant is getting Rs. 20,000/- per month then he or she is eligible to pay the total EMIs of Rs. 10,000/- to Rs. 12,000/- of EMI from his or her monthly income. If applicant has already personal loan and bike loan running and pays EMI of Rs. 4,000/- and Rs. 1500/- respectively per month, therefore the total deduction is Rs. 5500/- per month from income. Then the applicant is capable to pay the EMI of Rs. 4500/- or Rs. 6500/- only. The loan amount and eligibility depends on the few factors.
Eligibility Calculation = (50% – 60% of total income) – (if any other loans/EMIs/Policies is running)
Some Factors That Bank Checks During Loan Approval
1. Remaining previous loan amount
3. Some other expenses
How to Apply for Kotak Mahindra Bank Home Loan
It just takes 4 simple steps to get an instant Home Loan approval!
Step 1: Click here to go our online form. Fill-in all the details and submit the form at sbiloanrates.com
Step 2: Get an instant quote on loan amount and eligibility. Select your required loan amount and tenure.
Step 3: Our representative will get in touch with you for document collection and other formalities.
Step 4: Loan sanctioned and Money will be credited to your account within 72 working hours after disbursal!