45 Lakh Home Loan Kotak

Kotak Mahindra Bank's home loans are designed to meet the diverse needs of individuals looking to buy their dream home. If you're looking to purchase a new home, Kotak Mahindra Bank offers customisable loan offerings to suit your needs, ranging from Kotak 45 Lakh home loan to more. The home loans come with minimal documentation requirements and are linked to RBI's repo rate, ensuring that you get the best possible interest rate. With a tenure of up to 25 years, you can choose the repayment period that suits your financial situation. Additionally, if you apply digitally, you can avail of a 50% discount on processing fees.

45 Lakh Home Loan Kotak – Highlights 

45 Lakh home loan emi for 10 years Kotak

For a Home Loan, you can calculate the exact EMI using the  45 Lakh loan emi calculator of Kotak. Here are some general projections of EMI for a 45 Lakh home loan from the Kotak.

45 Lakh home loan emi for 10 years Kotak at 8.70%.

45 Lakh home loan emi for 20 years Kotak 

45 Lakh home loan emi for 20 years Kotak at 8.70%.

45 Lakh Kotak home loan – Fees and Charges 

45 Lakh 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

45 Lakh Kotak home loan – Eligibility Criteria 

The criteria for 45 Lakh 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.