1 Crore Home Loan Kotak Bank

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Looking for a housing loan with competitive interest rates? Don’t worry. Kotak's 1 Crore home loan plan has your back. Being one of the top names in the banking sector makes it a popular solution, especially in housing loans with highly competitive rates. Anyone who fits the basic criteria set by the bank can enjoy the benefits of this plan. Its lower interest rates, starting from 8.70% p.a., help reduce the overall repayment burden from home loaners. Hence, it empowers everyone to step closer to their dream place. Learn the features, benefits, and criteria for applying Kotak home loan with a 1 Crore EMI.

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Table of Content

1. Kotak 1 Crore Home Loan- Highlights

2. 1 Crore Home Loan EMI for 10 years Kotak

3. 1 Crore Home Loan EMI for 20 years Kotak

4. Kotak 1 Crore Home Loan Fees and Charges

5. 1 Crore Kotak Home Loan Documents Required

6. 1 Crore Home Loan Eligibility Kotak

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Kotak 1 Crore Home Loan- Highlights

Take a quick look at the highlights of 1 Crore home loan emi by Kotak:

Feature	Description
Loan Amount	₹1,00,00,000
Kotak Home Loan Interest Rate for 1 Crore	Starts from 8.70% p.a.
1 Crore Home Loan Eligibility by Kotak	Both Salaried/Self-employed
Loan Tenure	12 to 300 months
Processing Fee	Up to 2% of the loan amount
Prepayment Charges	Nil
Minimum Monthly Income	INR 20,000 (For cosmopolitan cities), INR 15,000 (For other cities)

1 Crore Home Loan EMI for 10 years – Kotak

The following table shows the breakdown of 1 crore home loan EMI for 10 years by Kotak:

Loan Amount	Interest Rate	Loan Tenure	EMI	Interest Payable
1 Crore	8.40% p.a.	10 years	INR 125058	1,752,432

1 Crore Home Loan EMI for 20 years – Kotak

The following table shows the breakdown of 1 crore home loan EMI for 20 years by Kotak:

Loan Amount	Interest Rate	Loan Tenure	EMI	Interest Payable
1 Crore	8.40% p.a.	20 years	INR 88053	11,132,550

Kotak 1 Crore Home Loan – Fees and Charges

The table below highlights further fees charged by Kotak home loans for 1 crore EMI:

Fee	Description
Processing Fee	For Salaried Employees- 0.5% on the amount exclusive of other taxes For Self Employed People- 1.0% of the total amount exclusive of other taxes
Foreclosure Charges	Nil
Late Payment Charges	2% of the outstanding balance
Cheque Dishonour Fee	Rs. 750 (inclusive of GST and other applicable statutory amount)
Documentation Fee	Up to Rs. 10,000
Conversion Charges	For opting for lower interest rates, 0.5% of the overdue principal amount is applicable, subject to a maximum limit of 10,000, along with relevant fees and taxes.
Rescheduling Charges	Rs. 500 exclusive of other taxes.

1 Crore Kotak Home Loan – Documents Required

Clearly, candidates are required to submit the duly filled application form along with a passport-size photograph. However, there are other proofs that the applicant must submit to complete the process. The following includes the list of documents required to apply for a Kotak 1 crore home loan:

Identity Proof	Passport Adhaar card PAN card Passport
Age Proof	Passport Diving Licence Birth Certificate School leaving certificate PAN card/ Voter ID
Address Proof	Any utility bill (Water, electricity, etc.) Bank passbook Adhaar card/Passport
Financial Statements (For past 6 months)	For Salaried Employees – ITR and Form 16, Job confirmation proof, and salary slips For Self-Employees – Balance sheets for last 3 years, Profit & Loss statements, Business proofs or registration certificate
Property Verification (Any one of them)	No objection certificate Sale deed Allotment letter of the property you want to purchase. (All property documents)
Repayment Record	RTR proof where applicable.

1 Crore Home Loan Eligibility – Kotak

To qualify for a 1 crore Kotak home loan, applicants must meet specific criteria: salaried individuals aged 18-60 (65 for self-employed), with stable income (INR 20,000 monthly in metros, INR 15,000 outside), Indian residency, and a bachelor’s degree for private sector employees (no requirement for public sector).

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