4 Crore Home Loan Kotak

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Kotak's 4 Crore Home Loan is the perfect solution for those looking to buy their dream home. With a tenure of up to 25 years and an interest rate linked to RBI's repo rate, the loan offers flexibility and affordability. Additionally, Kotak is offering a 50% processing fee discount on digital applications, making it an even more attractive option for financial-savvy customers to apply. The loan also offers an 80% loan-to-value ratio, ensuring that customers can get the funding they need to purchase their dream home. And with PMAY subsidy available on loans, customers can get further financial assistance.

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Table of Content

1. 4 Crore Home Loan Kotak Highlights

2. 4 Crore home loan emi for 10 years Kotak

3. 4 Crore home loan emi for 20 years Kotak

4. 4 Crore Kotak home loan Fees and Charges

5. 4 Crore Kotak home loan Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

4 Crore Home Loan Kotak – Highlights

Feature	Description
Interest Rate	Salaried: 8.70% onwards Self-employed: 8.75% onwards
Loan Amount	Up to 80% LTV
Tenure	25 years
Any Hidden Charges	No hidden charges

4 Crore home loan emi for 10 years Kotak

It is easy to calculate the EMIs on your loan with a 4 Crore loan emi calculator of Kotak. Here is a general projection of 4 Crore home loan emi for 10 years in Kotak using the same principle that the EMI calculator uses.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
4,00,00,000	10 years	8.7% (Salaried)	5,00,232	2,00,27,792	6,00,27,792
4,00,00,000	10 years	8.75% (Non-salaried)	5,01,307	2,01,56,840	6,01,56,840

4 Crore home loan emi for 20 years Kotak

Here is a general projection of 4 Crore home loan emi for 20 years in Kotak.

Loan Amount	Tenure	Interest Rate	EMI per Month	Total Interest Paid on Loan Amount	Total Amount Repaid
4,00,00,000	20 years	8.7% (Salaried)	3,52,209	4,45,30,201	8,45,30,201
4,00,00,000	20 years	8.75% (Non-salaried)	3,53,484	4,48,36,228	8,48,36,228

4 Crore Kotak home loan – Fees and Charges

Particulars	Charges/Fee
Processing fee (PF)	Salaried: 0.5% (plus taxes and any other applicable statutory dues) of loan amount Self-Employed, HL top-up/Commercial Purchase: 1.0% (plus taxes and any other applicable statutory dues) of the loan amount Upfront PF of Rs. 5,000 (plus taxes and any other applicable statutory dues) shall be collected at the time of login which is non-refundable
Interest Certificate/ Statement of Account/ Amortisation Schedule	Accessed via self-service mode on Mobile Banking/Net Banking/Whatsapp Banking: Free Physical/Soft copy request through Customer Service/Branch: Rs. 250 (plus taxes and any other applicable statutory dues)
Charges for copy of any documents (Duplicate NOC)	Rs. 100 (plus taxes and any other applicable statutory dues)
Charges for copies of any documents (Copies of property documents, etc.)	Rs. 500 (plus taxes and any other applicable statutory dues)
List Of Documents	Rs. 500 (plus taxes and any other applicable statutory dues)
Any Other documents/letters (e.g. Subsidy Confirmation Letter, Credit Opinion Letter, Interest paid confirmation letter, etc.)	Rs. 500 (plus taxes and any other applicable statutory dues)
Repayment mode/ Account swap charges	Rs. 500 (plus taxes and any other applicable statutory dues)
Switch Fee	Switch to a lower floating rate(with/without change in Benchmark) for Housing/Extension/Improvement: 0.5% of the principal outstanding and undisbursed amount(if any) at the time of conversion with a cap of Rs. 10,000 (plus taxes and any other applicable statutory dues)
Rescheduling of Loan Term	Rs. 500 (plus taxes and any other applicable statutory dues)

4 Crore Kotak home loan – Documents Required

Here is the list of documents required to apply for a Kotak 4 Crore home loan.

Identity proof
Address Proof
Signature Proof
Document properties/lease agreement documents for collateral
6 months’ bank statements of savings account/salary account/NRE account/NRO account/business account (whichever is applicable)
Form 16 & last 3 months’ salary slips (for salaried applicants)
ITR of last 3 years and balance sheet with Profit and Loss computation (for self-employed applicants)
Repayment Track Record of previous loans (if available)

4 Crore Kotak home loan – Eligibility Criteria

The criteria for 4 Crore home loan eligibility in Kotak are strict and specific to the applicant’s income, residing address and more.

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

The firm/organisation should have existed for at least three years.
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)

The applicant or the co-applicant must be the Karta of the HUF.
The HUF should have been in existence for a minimum of three years.
IT returns of at least three years.
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.

Frequently Asked Question (FAQs)

What is the EMI for 4 Crore Home Loan for 20 years in Kotak?

At the interest rate of 8.70%, the 4 Crore home loan emi for 20 years in Kotak is 3,52,209.

Who is eligible for 4 Crore Home loan in Kotak?

Kotak 4 Crore home loan is a loan scheme available to salaried or self-employed Indian residents and salaried NRI applicants. Apart from individuals, Families can also jointly apply for the loan.

What is the monthly interest rate of 4 Crore home loan in Kotak?

The monthly rate of interest offered to salaried applicants is 8.70% and onwards. On the other hand, the Non-salaried Kotak home loan interest rate for 4 Crore starts from 8.75%.

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