80 Lakh Home Loan Kotak

Kotak's 80 Lakh home loan offers an interest rate linked to the RBI's repo rate, minimal documentation, and a 50% processing fee waiver for digital applications. With a tenure of up to 25 years, applicants can enjoy affordable EMIs, and eligible individuals can avail of the PMAY subsidy. Additionally, with an 80% LTV, the loan offers ample financial support for individuals looking to purchase a property worth up to 80 lakhs or more.

80 Lakh Home Loan Kotak – Highlights 

80 Lakh home loan emi for 10 years Kotak

For a Home Loan, you can calculate the exact EMI using the  80 Lakh loan emi calculator of Kotak. Here are some general projections of EMI for an 80 Lakh home loan from the Kotak.

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

80 Lakh home loan emi for 20 years Kotak 

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

80 Lakh Kotak home loan – Fees and Charges 

80 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

80 Lakh Kotak home loan – Eligibility Criteria 

The criteria for 80 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.