Kotak Mahindra Bank Home Loan
Kotak Mahindra Bank Home Loan
Kotak Mahindra Bank Home loan can be taken to fund your dream house purchase. A home loan is a secured loan, where the house you intend to purchase is considered as collateral. Kotak Mahindra Bank is one of India’s leading financial institutions today. It offers home loan services to its customers providing loan accounting value up to 90% of the property cost. These home loans are offered for a maximum period of 20 years. The duration of the loan depends on the business profile of the applicant.
If the loan amount lies between Rs. 20 to Rs. 75 lakhs, then it is only 80% of the loan value one can apply for. However, if the loan value applied is more than 75 lakhs, then one can avail only 75% of the property cost. At Bizano, you will come across information about all types of Kotak Mahindra Home Loans in India.
|Kotak Mahindra Bank Home Loan Details Updated on 24th October 2019|
|Loan Amount||Up to 75 lakhs|
|Loan Tenure||1 year to 30 years|
|Interest Rate||Starts at 8.45%|
Why Choose Kotak Mahindra Bank Home Loan?
- The advantage of this loan is its same interest throughout the duration, if fixed, but flexible on floating rate of interest.
- Simple documentation is needed and the home loan in Kotak Mahindra bank then gets processed faster.
- You can check out Kotak Mahindra home loan eligibility and Kotak Mahindra Home Loan EMI calculator at Askloanbaba.com
Features of Home Loans at Kotak Mahindra Bank
Some of the Kotak Mahindra home loan features are as follows.
- One can avail a maximum amount of Rs 5 crores under the scheme.
- The existing borrowers under the housing loan can avail loans under the Housing Finance Scheme for Furnishing once the former loan is fully disbursed and the margin money is utilised.
- A supplemental mortgage on the property or an equivalent mortgage as security needs to be submitted to avail furnishing loan at Kotak Mahindra.
Why Apply for a Home Loan on Bizano?
At Loanbaba, you can compare and apply for Home loans online. You can check out several housing loans and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Kotak Mahindra Bank Home Loan Interest Rates
The Kotak Mahindra bank home loan interest rate starts at 8.45%, but varies as per individual profile. Keep a check on this page to note the updated Kotak Mahindra bank home loan interest rates for the current year.
Kotak Mahindra Home Loan Eligibility criteria
Home loan eligibility may differ from one candidate to another. You can also use free-of-cost Kotak Mahindra Bank home loan eligibility calculator at Askloanbaba.com. The eligibility criteria for Kotak Mahindra bank housing loan are discussed below:
- The applicant for home loan in Kotak Mahindra bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
- He/she meet the requirement for credit score and should not be under too many debts.
Types of Kotak Mahindra Bank Home Loans
Kotak Mahindra Bank has home loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.