5 Crore Home Loan Kotak

With an 80% loan-to-value (LTV) ratio, you can avail of a higher amount of funding with Kotak's 5 Crore Home Loan to make your dream home a reality. If you are looking for financial assistance to fulfil your dream of buying a home, Kotak Mahindra Bank has got you covered with its 5 Crore Home Loan. Linked to the RBI's repo rate, the Kotak 5 Crore Home Loan offers competitive interest rates, and with a tenure of up to 25 years, you can choose a repayment period that suits your financial goals. Minimal document requirements and a 50% processing fee reduction for digital applications make the process hassle-free and cost-efficient. 

5 Crore Home Loan Kotak – Highlights 

5 Crore home loan emi for 10 years Kotak 

It is easy to calculate the EMIs on your loan with a 5 Crore loan emi calculator of Kotak. Here is a general projection of a 5 Crore home loan emi for 10 years in Kotak using the same principle that the EMI calculator uses.

5 Crore home loan emi for 20 years Kotak 

Here is a general projection of a 5 Crore home loan emi for 20 years in Kotak.

5 Crore Kotak home loan – Fees and Charges 

5 Crore Kotak home loan – Documents Required 

Here is the list of documents required to apply for a Kotak 5 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)

5 Crore Kotak home loan – Eligibility Criteria 

The criteria for 5 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

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.