Kotak Mahindra Bank Home Loan

You can now get a Kotak Mahindra Bank Home Loan at affordable interest rates starting from 9.00% p.a. on Bajaj Markets. Also, you get to choose a tenure ranging up to 20 years so that you can repay at your convenience. With simple eligibility criteria, minimal documentation, and low processing fees, this loan can help you meet your housing requirements efficiently.

A Home Loan EMI calculator is an algorithm-based tool that can help you get instant estimates of your house loan EMI amount. All you need to do is enter your loan amount, expected interest rate, and preferred repayment tenure.

The online tool will show you your overall EMI outflow within seconds. A housing loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which offer suits you the best.

The criteria you need to fulfil to be eligible for this loan are mentioned below:

• If salaried, you must fall under the age bracket of 18 to 60 years

• If self-employed, you must fall under the age bracket of 18 to 65 years

• If you are a resident of Delhi, Bangalore, Mumbai, Pune, or Chennai, you should have a minimum monthly income of ₹20,000

• If you are employed at a private limited company or a partnership firm, you should be a graduate. This is not applicable to those working in public limited companies, MNCs, government, etc.

• You should have a credit score of 750 or above

Apart from eligibility, submitting the necessary documents is a crucial step towards getting a housing loank. Find the list of essential documents below:

• Complete application form with passport-sized photographs

• KYC documents: Proof of identity and address like Aadhaar card and PAN card

• Property documents with a sanction map

• Income Proof:

  1. For salaried individuals: Salary slips for the last three months, Form 16 of the last 2 years, ITR filings of the last two years, bank statements of the last six months

  2. For self-employed individuals: Profit and loss statement of the business for the last three years, bank statement of the business and the individual for the previous 12 months, and ITR filings of the last three years

You can obtain this loan on Bajaj Markets easily by going through the following steps:

• Click on the ‘Apply Now’ option on this page

• Fill in the application form with your basic information

• Choose ‘Kotak Mahindra Bank’ from the list of lenders

• Choose the loan amount and property details

• Find out your loan offer along with all the charges and net disbursal amount

• Following this, a representative of the bank will reach out to you for further proceedings.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.