Kotak Home Loan for Women & Housewife

Kotak Mahindra Bank recognizes and empowers the financial independence of housewives and women through its dedicated home loan offerings. Eligible candidates can benefit from competitive interest rates, flexible repayment terms, a simplified application process, and prompt fund disbursal. However, there are certain things you should be aware of before initiating your loan application. These typically include a Kotak home loan for women's interest rate, eligibility criteria, required documents, applicable fees, and other pertinent factors. As best decisions are informed decisions, Urban Money offers a brief overview of this woman-centric home loan options. Let’s continue scrolling down.

Kotak Home Loan for Women – Highlights

Let’s take a look at the key parameters you should be aware of regarding a Kotak home loan for women applicants:

Kotak Home Loan for Women – Fees and Charges

Here are the fees and charges applicable to a Kotak home loan for women applying online or offline:

Kotak Home Loan for Women – Documents Required

Here are the Kotak home loan for women’s eligibility criteria: 

• Bank Statement: Last 6 months’ bank statement
• Age proof: Passport, Driving license, School leaving certificate, Birth certificate, Voter’s identity card, or PAN card.
• Income Proof: Salaried individuals are required to submit the last three months’ salary slips and Form 16 for the most recent assessment year. Self-employed individuals may need to provide the latest three years’ income tax returns for both personal and business, along with the computation of income.
• Property Proof: Title deed, sale agreement, approved plan, etc.

Kotak Home Loan for Women – Eligibility Criteria

The following are the eligibility criteria for Kotak home loans for women applicants:

• Your age should be between 18 and 60 years, while self-employed individuals can be up to 65 years.
• You should be a salaried employee with a minimum monthly income of Rs. 15,000 (Rs. 20,000 for Delhi, Bangalore, Chennai, Mumbai, Pune).
• You should have a good credit rating.
• You should be the primary or sole applicant for the home loan.
• You need to be an Indian citizen.