Home Loan EMI Calculator

Kotak Mahindra Bank

1. HOME LOAN ELIGIBILITY

• Age: 18-60 years (Salaried); 18-65 years (Self-employed)

• Income: 

• Residents of Delhi, Mumbai, Bangalore, Pune, Hyderabad and Chennai: Minimum monthly income of Rs.20,000

• Residents of other cities: Minimum monthly income of Rs.15,000

• Qualification: 

• Private Limited Company or Partnership Firm Employees: Minimum qualification required is a Bachelor’s degree.

• Public Limited Company, MNC, Government, or Public Sector Employees: No minimum qualification required.

2. HOME LOAN CHARGES

Processing Fees:

• Upto 2% of loan amount (plus taxes and any other applicable statutory dues)

• Note: Upfront Processing Fee of ₹ 5,000 (plus taxes and any other applicable statutory dues) shall be collected at the time of login which is non-refundable.

• (Non-refundable fee will be adjusted in overall Processing Fee before disbursement)

Document Photocopy: ₹500 + taxes

Delayed Payment Charges: 18% p.a.

3. HOME LOAN INTEREST RATES

To estimate your EMIs accurately, you can use the HouseGyan Home Loan Calculator for instant results.

4. DOCUMENTS REQUIRED FOR HOME LOAN

• Identity Proof: PAN, Passport, Voter ID

• Income Proof: Salary slips, IT returns

• Property Documents: Title deeds, Agreement, All Documents

5. FEATURES & BENEFITS OF HOME LOAN

• Attractive Interest Rates

• 50% off Processing Fees for digital applications

• Customizable Repayment Tenure

• Minimal Documentation and Quick Processing