Home
Home Loan
Kotak Bank
Kotak Home Loan for Government Employees

Kotak Home Loan for Government Employees

Home Loan By Amount
Home Loan By Other
Home Loan By Profession
Home Loan By Property

Kotak Mahindra Bank provides home loans tailored exclusively for government employees. The bank understands the financial needs and aspirations of those in public service and offers specialised home loan solutions designed to make your dream of owning a home a reality. The bank believes in empowering government employees to achieve their homeownership goals by providing financial solutions that align with their stable income and long-term commitment to public service. Whether you are a first-time homebuyer or looking to upgrade to a larger space, it can all be done via a Kotak Home loan.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. Kotak Home Loan for Government Employees Highlights

2. Kotak Home Loan for Government Employees Fees and Charges

3. Kotak Home Loan for Government Employees Documents Required

4. Kotak Home Loan for Government Employees Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Kotak Home Loan for Government Employees – Highlights

Here is a quick snapshot of the key highlights of Kotak Home Loan for government employees.

Loan Amount	10 CR
Kotak Home Loan for Government Employees Interest Rate	8.70% onwards
Loan Tenure	25 years
Eligibility	Salaried

Kotak Home Loan for Government Employees – Fees and Charges

Following is a snapshot of the fees and charges payable by government employees to avail Kotak home loans.

Fees/Charge	Amount
Processing Fee	Salaried: 0.5% of loan amount Self-Employed: 1% of loan amount
Charges for copies of any documents	INR 500 + TAXES
Any Other documents /letter	INR 500 + TAXES
Loan cancellation Charges	0.10% of the Loan Amount or Rs. 25,000, whichever is higher
Annual renewal charges	0.25% + TAXES

Kotak Home Loan for Government Employees – Documents Required

Following are the documents required for government employees to apply for a Kotak Home Loan.

Proof of identity: An individual will need an Aadhaar card, PAN card, passport, voter ID, or driving licence
Proof of address: Utility bills like electricity and water bills, passport, or driving licence.
For proof of income: As proof of income, government employees will need last 3 months’ salary slips, the latest 3 years’ income tax returns, and personal and business income along with computation of income. The latest 3 years profit and loss accounts and balance sheet, and the latest 3 years’ income tax returns

Kotak Home Loan for Government Employees – Eligibility Criteria

Following are the eligibility criteria for Kotak Mahindra Bank Home Loan for government employees.

The person should be between 18-65 years of age.
The person must have a minimum monthly income of INR 20,000 for the residents of Delhi, Mumbai, Bangalore, Pune, and Chennai. For other cities, it is INR 15,000.
The person should be an Indian citizen

Frequently Asked Question (FAQs)

What is the age limit for a government employee to apply for a home loan?

The maximum age limit to avail a home loan via Kotak Mahindra Bank is 65 years.

What is the maximum age for government employees to avail of a home loan?

The maximum age to apply for a home loan is 65 years old.

What is the home loan interest rate for government employees?

The interest rate starts at 8.70% onwards.

What is the minimum and maximum home loan amount that government employees can avail of?

The minimum loan amount for Kotak Mahindra Home Loan is INR 10 lakh, and the maximum loan amount is INR 10 crore.

What is the repayment tenure for Kotak Mahindra Bank home loans for government employees?

The repayment tenure is 25 years.

What is the maximum loan amount that government employees can apply for?

The maximum loan amount that can be applied for is 10 crore.

What is the maximum age to repay the Kotak Mahindra Bank home loan for government employees?

The maximum age limit to apply for a Kotak home loan is 65 years.

Who is eligible for the Kotak Mahindra Bank Home Loan for Government Employees?

Anyone who is a government employee and has a good credit rating can apply for a Kotak Mahindra Home Loan.

Quick Links

Loan Offers By Kotak Bank's

Home Loan by Nationalized Bank

Home Loan Calculators

Kotak Bank Calculators

Bank wise Home Loan Calculators

Bank Wise Home Loan Interest Rate