Kotak Home Loan for Bank Employees

Kotak Mahindra Bank offers customised home loans specially designed for bank employees. These loans have several advantages, and the application process is much easier and affordable for applicants. With a maximum loan amount of up to 90% of the property value, these loans are designed to meet the unique financial needs of bank employees. The interest rates are competitive, starting from as low as 8.75% per annum. With flexible repayment options and loan tenure of up to 30 years, Kotak Home Loan allows bank employees to fulfil their dream of owning a home.

Kotak Home Loan for Bank Employees – Highlights

Here is a quick snapshot of the basic highlights for the Kotak Home Loan for bank employees

Kotak Home Loan for Bank Employees – Fees and Charges

The table below highlights the additional fees and charges for availing a Kotak Home Loan for bank employees.

Kotak Home Loan for Bank Employees – Documents Required

Like other home loan schemes banks offer, Kotak Home Loan for Bank Employees comes with certain documentation that must be submitted when applying for a loan. You’ll need to provide proof of identity, which can be shown with documents like a passport, PAN card, voter ID, or driver’s license. You can submit a Utility Bill, Leave and License Agreement, or Passport for proof of residence. Regarding income, bank statements spanning six months for domestic accounts (or 12 months for self-employed individuals), salary slips and the latest Form-16 are necessary. Lastly, a signature proof and evidence of educational qualifications will also be required.

Kotak Home Loan for Bank Employees – Eligibility Criteria

When availing of a home loan, banks and other lending institutions have certain requirements that must be set. Applicants interested in a Kotak Home Loan for bank employees must fulfil the criteria below.