Kotak Mahindra Bank Home Loan Apply Online @8.90%

Are you still dreaming about owning a house? It’s time to start taking steps close to making your dream a reality and this is now easily possible with the help of a home loan from one of the best banks. Kotak Mahindra Bank offers best home loan facilities to everyone who meets the eligibility criteria. This bank has designed the loan structure keeping in mind that it is convenient for choosing the option that suits the home loan requirements effectively for customers. It also provides various types of home loan for every customer out there. Interesting there are types of home loan that just needs to be paid after possessing the house and there are other type of loans for which the EMI should be paid right from the day loan amount is disbursed.

• Avail Attractive Interest Rates
• Hassle-free Loans - No Guarantor / Security or Collateral required
• Repay with easy EMIs
• Speedy Loan Approval
• Disbursal in 3-4 Days
• Quick Loan Disbursal
• Low interest rates
• Online loan request option available
• Low pre-payment charges also waiver is offered after few months.
• Can instantly check loan eligibility
• It offers personalized loan quotation for each business requirement
• 24/7 Customer Support
• Lot of attention to detail and scrutiny is done before approving the loan amount

Kotak Mahindra Bank was established in the year 1985 to service banking and financial needs. It was earlier known as the Kotak Mahindra Finance Limited which is a non-banking financial firm. The bank offers finance solutions for every need and is well recognized for home loan approvals. Apaprt from this, it is also best for savings accounts, credit cards, mutual funds distribution and also life insurance products. This Bank provides home loans along with by highly customized services and facilities for a all-in-one and pleasurable home buying experience. To get more information, follow the simple steps to apply for a home loan and get attractive deals.

Applying home loan is not that tough and through Finance Buddha it is even easier to get everything about your home loan approvals sorted. Firstly you should check your eligibility before applying for a loan. This way there will be not much chance of application being rejected. While checking eligibility it is crucial to check the CIBIL scoring of the applicant. The higher and better the CIBIL scoring is; it will be easy for approval and the rate of interest will be low. Also this bank offers high customization is each of its customers. Thus if you are looking for very simple ways of get a home loan approved then Kotak Mahindra Bank is the best choice.

Simple tables with basic details are below plus all other necessary information is clarified in the second table in this page.

• Identity Proof– Passport/ Driving License/ Voter ID/ PAN
• Address Proof– License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport
• 3 month salary slip
• 6 month bank statement
• 2 year Form 16

List of Common Documents:

1. Complete loan application form with one passport size photograph.
2. Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
3. Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
4. Residence Ownership Proof: Sale deed or rental agreement
5. Income Proof: salary slip, bank statement and Form 16
6. Job Continuity Proof: Appointment letter at employment and validation letter from HR
7. Bank Statement: Past 6 months’ document
8. Property Documents:  Sale deed, Katha, transfer of ownership
9. Advance Processing Cheque: A cancelled cheque for validation of bank account
10. Investment Proof: LIC, mutual funds, property document etc.
11. Financial Documents:

1. For salaried individual: 3 month salary slip, Form 16 and bank statement
2. For self-employed individual: IT returns for last 2 years along with computation of income tax for past 2 years certified by a Chartered accountant
3. For self-employed non- professionals: IT returns for last 3 years along with computation of income tax for past 2 years certified by a Chartered accountant.

Salaried Individual:

• Loan Form:  Bank loan application form to be filled with passport size photographs affixed
• Residential Address– Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport
• Identity Proof– Passport/ Driving License/ Voter ID/ PAN
• 3 month pay slip
• Income Proof Documents
• 2 years Form 16
• Copy of Income Tax PAN
• 6 months bank statement that shows salary from the employer and any EMI paid for outstanding debt.

Self Employed– Professionals:

• Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
• Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
• Office Address Proof: Property Documents, Utility Bill
• Office Ownership Proof: Property Documents, Utility Bill, Maintenance Bill
• Business Existence Proof: 3 years old Saral Copy, the Company Registration license, Shop Establishment Act
• Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet,  etc.,
• Bank Statement: Past 1 year bank statement
• 1 passport size color photograph

Self Employed Individuals - Senior Citizens/Pensioners:

• Photo Identity Proof: Passport/ Driving License/ Voter ID/ PAN
• Residence Address Proof: License/ Registered Rent Agreement/ Utility Bill
• 1 passport size color photograph
• Age proof document : pan card or passport
• Income proof: pension returns or bank statement