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  • Kotak Mahendra

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    Rajesh Kumar
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    To qualify for a home loan from Kotak Bank, applicants must meet age, income, loan amount, and tenure requirements that vary based on being salaried or self-employed. Salaried applicants must be 21-60 years old, have a minimum annual income of Rs. 1,44,000, and 2 years of current experience, while self-employed applicants must be 21-65, have the same minimum income but 3 years of experience. Both require address, age, and income proofs as well as the last 6 months of bank statements and additional documents depending on employment type.

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    To qualify for a home loan from Kotak Bank, applicants must meet age, income, loan amount, and tenure requirements that vary based on being salaried or self-employed. Salaried applicants must be 21-60 years old, have a minimum annual income of Rs. 1,44,000, and 2 years of current experience, while self-employed applicants must be 21-65, have the same minimum income but 3 years of experience. Both require address, age, and income proofs as well as the last 6 months of bank statements and additional documents depending on employment type.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    21 views1 page

    Kotak Mahendra

    Uploaded by

    Rajesh Kumar
    To qualify for a home loan from Kotak Bank, applicants must meet age, income, loan amount, and tenure requirements that vary based on being salaried or self-employed. Salaried applicants must be 21-60 years old, have a minimum annual income of Rs. 1,44,000, and 2 years of current experience, while self-employed applicants must be 21-65, have the same minimum income but 3 years of experience. Both require address, age, and income proofs as well as the last 6 months of bank statements and additional documents depending on employment type.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    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
    2,00,000 - 1,00,00000 2,00,000 - 1,00,00000
    Offered
    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
    1) Complete application form 1) Complete application form
    2) Address Proof 2) Address Proof
    3) Age Proof 3) Age Proof
    Documentation
    4) Income Proof 4) Income Proof
    5) Last 6 months bank statement 5) Last 6 months bank statement
    6) last 3 months salary slip 6) Bank statement

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