Kotak Bank Home Loan for Senior Citizens

Kotak home loan for senior citizens is a financial solution designed to empower the elderly in realizing their dream of homeownership. Recognising the unique needs of this esteemed demographic, Kotak Mahindra Bank offers a specialised home loan package with tailored features. This product is meticulously crafted to provide flexible repayment options, competitive interest rates, and a hassle-free application process for seniors. With a commitment to financial inclusivity, Kotak ensures that elderly individuals have access to affordable housing finance, fostering independence and security in their golden years. Let’s know more about it. 

Kotak Home Loan for Senior Citizen – Highlights

Following are the highlights for kotak mahindra home loan for senior citizens:

Kotak Home Loan for Senior Citizen – Fees & Charges

Following are the fees and charges that senior citizens will be required to pay.

Kotak Home Loan for Senior Citizen – Documents Required

Following are the documents required for senior citizens to apply for Kotak Home Loan.

• Proof of Identity: Aadhaar card, PAN card, passport, voter ID, or driving licence
• Proof of Address: Utility bills like electricity and water bills, passport, or driving licence.
• Proof of Income: Last 3 months’ salary slips, Latest 3 years’ income tax returns, personal and business along with computation of income. The latest 3 years profit and loss accounts and balance sheet, the Latest 3 years’ income tax returns

Kotak Home Loan for Senior Citizen – Eligibility Criteria

Following is the eligibility criteria for Kotak Mahindra Bank Home Loan for senior citizens.

• 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