2 Crore Home Loan Kotak

Kotak's 2 Crore Home Loan helps you to purchase your dream home in India without any compromises. With flexible repayment options of up to 25 years, Kotak's Home Loan is tailored to meet your individual needs. The loan comes with a range of features and benefits, including interest rates linked to RBI's repo rate, minimal documentation, and the option of enjoying up to 50% processing fee waiver for digital applications. Additionally, you can avail the Pradhan Mantri Awas Yojana (PMAY) subsidy on your Home Loan. With Kotak, you can take the first step towards owning your dream home today.

2 Crore Home Loan Kotak – Highlights 

2 Crore home loan emi for 10 years Kotak

For a Home Loan, you can calculate the exact EMI using the  2 Crore loan emi calculator of Kotak. Here are some general projections of EMI for a 2 Crore home loan from the Kotak.

2 Crore home loan emi for 10 years Kotak at 8.70%.

2 Crore home loan emi for 20 years Kotak 

2 Crore home loan emi for 20 years Kotak at 8.70%.

2 Crore Kotak home loan – Fees and Charges 

2 Crore Kotak home loan – Documents Required 

Salaried Individuals

• 6 months Bank statement/passbook copy & salary/active international account. 
• Age proof (any one)- Passport/Driving license/School leaving certificate/Birth certificate/Voters ID/PAN card
• Last 3 month’s salary slips
• Form 16 of the latest 1 assessment year
• Latest 3 years income tax returns, personal and business, along with computation of income.
• Professional experience
• Repayment track record (RTR)/Proof wherever Applicable
• All Property documents

Self Employed Professionals

• 6 months Bank statement/passbook copy & salary/active international account. 
• Age proof (any one)- Passport/Driving license/School leaving certificate/Birth certificate/Voters ID/PAN card
• Form 16 of the latest 1 assessment year
• Latest 3 years income tax returns, personal and business, along with computation of income.
• Latest 3 years’ profit and loss accounts and balance sheet with schedules duly certified by a chartered accountant.
• Professional experience / Business or Partnership existence proof
• Repayment track record (RTR)/Proof wherever Applicable
• All Property documents
• Degree certificate

Self-employed Non-professional/HUF/LLP/Partnership Firm

• 6 months Bank statement/passbook copy & salary/active international account. 
• Age proof (any one)- Passport/Driving license/School leaving certificate/Birth certificate/Voters ID/PAN card
• Form 16 of the latest 1 assessment year
• Latest 3 years income tax returns, personal and business, along with computation of income.
• Latest 3 years’ profit and loss accounts and balance sheet with schedules duly certified by a chartered accountant.
• Professional experience / Business or Partnership existence proof
• Repayment track record (RTR)
• All Property documents
• Registration Proof with Tax authorities.

NRI

• 6 months Bank statement/passbook copy & salary/active international account. 
• Passport
• Professional experience / Business or Partnership existence proof
• Repayment track record (RTR)
• All Property documents

2 Crore Kotak home loan – Eligibility Criteria 

The criteria for 2 Crore home loan eligibility in Kotak are strictly set for each applicant category.

Home Loan Eligibility Criteria for an Individual

Age

• Salaried persons: 18-60 years.
• Self-employed persons: 18-65 years.

Income

• Minimum Income of Rs. 20,000 per month: Delhi, Mumbai, Bangalore, Pune, and Chennai residents.
• Minimum Income of Rs. 15,000 per month: Other cities.

Minimum Qualifications

Bachelor’s Degree: If the applicant works with a private limited company or a partnership firm.

Home Loan Eligibility Criteria for a Partnership Firm/ LLP/ Indian Company

1. The firm/organisation should have existed for at least three years.
2. Net Income

• 2,40,000 per annum for companies/firms/LLPs in Delhi, Mumbai, Bangalore, Pune, and Chennai.
• 1,80,000 per annum for companies/firms/LLPs in other cities.

Home Loan Eligibility Criteria for a Hindu Undivided Family (HUF)

1. The applicant or the co-applicant must be the Karta of the HUF.
2. The HUF should have been in existence for a minimum of three years.
3. IT returns of at least three years.
4. HUF with a Minimum Net Income of:

• 2,40,000 per annum – Delhi, Mumbai, Bangalore, Pune, and Chennai.
• 1,80,000 per annum – Other cities.