35 Lakh Home Loan Kotak Bank

Deciding on your home loan is one of the most crucial decisions for home buyers. For a budget property, Kotak's 35 Lakh home loan can help you achieve your homeownership aspirations by offering attractive interest rates and a streamlined application process. This campaign offers home loans to borrowers for a rate of interest starting from 8.70% p.a. for up to 75 lakh rupees.  Depending on the terms and conditions, this top-ranked private lender lends money to salaried and self-employed employees. Keep reading to check if you are eligible for a 35 lakh home loan EMI by Kotak. 

Kotak 35 lakh Home Loan- Highlights

Let’s take a quick look at the significant highlights for Kotak’s 35 lakh home loan: 

35 lakh Home Loan EMI for 10 years – Kotak 

The table below shows the EMI amount and Total interest payable for 35 lakh home loan EMI for 10 years by Kotak: 

35 lakh Home Loan EMI for 20 years -Kotak

Here’s a table for an estimated 35 lakh home loan EMI for 20 years by Kotak: 

Kotak 35 Lakh Home Loan – Fees and Charges

The following information shows the further fees charged by Kotak home loans for 35 lakh EMI:

The processing fee for salaried employees is 0.5%, and for self-employed individuals, it’s 1.0%. Late payment incurs a 2% charge, while cheque dishonor results in a Rs. 750 fee. Documentation may cost up to Rs. 10,000, and opting for lower rates incurs 0.5% of overdue principal, capped at Rs. 10,000. Rescheduling costs Rs. 500 before taxes.

35 lakh Kotak Home Loan – Documents Required

Applicants for a Kotak 35 lakh home loan must submit a duly filled application form with a passport-size photo alongside essential documents. These include identity proofs like a Passport, Aadhaar card, PAN card, and age proofs such as a Driving Licence, Birth Certificate, and more. Address proof, financial statements, employment evidence, property verification, repayment records, and additional documents might be needed based on loan type and property status.

35 lakh Kotak Home Loan Eligibility – Kotak

Eligibility for a 35 lakh Kotak home loan hinges on various factors: age requirements differ for salaried (18-60) and self-employed (18-65) individuals, income stability necessitates a minimum monthly income of INR 20,000 for metro residents and INR 15,000 for others, Indian residency is mandatory, and a bachelor’s degree is needed for some private sector jobs, while not required for public sector positions.