We understand how special it is to take the first step in your new home. This is exactly why Kotak Mahindra Bank offers you a range of tailor-made mortgage loans from which to choose to guarantee you a perfect and pleasant buying experience.
Save on processing fees when you apply for your mortgage online.
No more running to start your mortgage process.
We understand how eager you are to get your instant home loan quickly.
In Kotak, we present a simple process that lists the eligibility criteria for Kotak mortgages. Get detailed information on the mortgage loan eligibility criteria and the role they play in the whole process.
Eligible for Mortgage Loans
In Kotak, we present a simple procedure that contains the eligibility criteria for Kotak mortgages. Let us give you details on the mortgage eligibility criteria and their role in the whole process.
Salary between 18 and 60 years old
Autonomous between 18 and 65 years old
Gross income of a person residing in India:
(Delhi, Mumbai, Bangalore, Pune, and Chennai) – The minimum income must be Rs 20,000 / month.
(Other cities) – The minimum income must be Rs 15,000 / month.
Minimum qualifications:
Completion of the applicant is employed in a private enterprise or in a company. If the applicant is employed in an enterprise or in a multinational enterprise or in a public or state enterprise, there is no such criterion.
It must have existed for at least 3 years.
Gross partnership sales / LLP / Indian company:
(Delhi, Mumbai, Bangalore, Pune, and Chennai) – The minimum net income must be Rs.
(Other cities) – The minimum net income must be Rs. 1, 80,000 / – p.a. amount to
The HUF card must be requested.
It must have existed for at least 3 years.
HUF IT returns must be collected for 3 years.
Net income of an undivided Hindu family:
(Delhi, Mumbai, Bangalore, Pune, and Chennai) – The minimum income must be Rs.2, 40,000 / -p.a.
(Other cities) – The minimum income must be Rs. 1, 80,000 / – p.a respectively.
You can also inquire about the admission criteria for Pradhan Mantri Awas Yojana
Documents required to obtain a mortgage loan for a salaried applicant:
Documents for self-employed