Kotak Mahindra Bank Home Loan
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Kotak Mahindra Bank offers you home loan for purchasing a residential property. The Home Loan solution is designed in such a way that it goes with customer need & suits his/her pocket.
Features & Benefits of Kotak Bank Home Loan
Wide range of Offerings : Apart from the plain vanilla Home Loan, you can also avail of the exact scheme that suits your needs. You can choose:
• Kotak Flexi Home Loan
• Fixed Deposit Linked Home LoansFree Personal Accident Insurance cover : Upto Rs. 1 crore along with your loan, which ensures that you are covered for any accidental mishaps and your family, is well protected.
Pre-Approval facility : You can get a sanction for your loan amount based on the income, assets and employment information you provide during your consultation with Kotak Mahindra Bank. You may come across a property which you need to close at a short notice. In such a situation, this sanction can help so that you don’t miss the opportunity. The sanction is good for 6 months, giving you time to shop for the home of your choice.
Insurance options on your Home Loans : You can also avail of a reducing insurance cover at an exclusive premium, so that you are rest assured that should any unfortunate mishap occur to you, your family is safeguarded from any repayment burdens over the tenure of the loan.
Documentation & eligibility required for Kotak Bank Home Loan
Salaried Self-Employed Age 21 years to 60 years 21 years to 65 years Income 1,44,000 (p.a) 1,44,000 (p.a) Loan Amount Offered 2,00,000 – 1,00,00000 2,00,000 – 1,00,00000 Tenure 5 years to 25 years 5 years to 25 years Current Experience 2 years 3 years Processing Fee 0.5% 0.5% Loan to value ratio 85% of the property value 85% of the property value Documentation 1) Complete application form
2) Address Proof
3) Age Proof
4) Income Proof
5) Last 6 months bank statement
6) last 3 months salary slip1) Complete application form
2) Address Proof
3) Age Proof
4) Income Proof
5) Last 6 months bank statement
6) Bank statementPublished on August 4, 2010 · Filed under: Home Loan, Kotak Mahindra Bank Home Loan;
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