Kotak Mahindra Bank

Overview

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Kotak Mahindra Bank Ltd is a one stop shop for all banking needs. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products. Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals.

Kotak Mahindra Bank provides you home loans accompanied by highly customized facilities and services for a seamless and pleasurable home-buying experience. In a market where the basic product is largely similar, the differentiator is our ability to understand the customer's need completely and structure the eligibility and loan amount appropriately.

Personal Loan

Get a step closer to your dreams and goals by availing our Personal Loans and meet your financial needs. You can avail a personal loan to meet unexpected expenses, a dream holiday, school or college fees, wedding expenditure, home improvement expenses or even purchase of consumer durables.

 

Key benefits

Avail loans from Rs. 50,000/- to Rs. 15 lakhs Flexible repayment options - Loan tenors range from 12-60 months for salaried individuals Bank Doorstep Service - Fix an appointment with any of our representatives on phone and get assistance in completing loan related formalities Gain quick approval on loans Minimal paperwork and hassle free processing - No security or collateral required Attractive interest rates
 

Eligibility Criteria

Criteria Salaried
Profile Resident Indian employed at a Public Ltd co./ MNC/ large Pvt. Ltd co.
Age 21-58 years
Income Net monthly salary of Rs. 25,000/-
Minimum educational qualification Graduate
Residence telephone Required
Years in city Minimum 1 year
Total work experience Minimum 2 years
 

Documents Required

Document Salaried
Application form Required
1 photograph Required
Identity proof 1)Passport Copy/ Voters ID card/ Driving License
2)PAN card
3)Aadhar Card
4)Overseas Citizen of India card
5)Person of Indian Origin card
Address (Residence) Proof 1)Valid Passport
2)Voter's ID card
3)Food Card (Ration Card)
4)Lease Deed/ Rent agreement Copy/ Property
5)Registration Document in the name of the Customer
6)Bank account statement printed on bank's letterhead, not more than 3 months old, signed and stamped by existing banker
7)Overseas Citizen of India Card
8)Person of Indian Origin Card
9)Latest IT Return
10)Original Letter from Company
11)Telephone/Electricity Bill
Age Proof PAN Card, Passport copy
Signature Proof PAN Card, Driver's Licence, Passport copy, Banker's attestation of Bank Account Statement
Ownership Proof Electricity Bill, Water Bill, Sales Deed, Receipt of Tax paid
Income details Last 3 months’ payslips and Form 16
Bank account statements For the last 6 months

 

Loan Against Property

The type of loan which can be availed by a commercial entity or an individual when they keep their residential or commercial property as collateral to a bank is called as Loan against property. This is the secured loan and is one of the easiest loans to get. It involves minimum documentation

 

Features & Benefits

Your existing property can help you get a loan at lucrative interest rates. Through Kotak Mahindra Loan Against property, you can unlock the potential in your property and accomplish other goals and objectives. Here are the features of Kotak Mahindra Loan Against Property:

Attractive rate of interest for both salaried and non-salaried employed professionals Convenient loan disbursement process Doorstep service Documentation is very easy and simple Turnaround time is very quick Insurance options at attractive premium
 

Eligibility Criteria

Salaried Individuals
Have a regular income source. Great savings and credit history.. Work experience Your Age and Qualifications can give you an edge Number of dependents Probability of the person continuing in the same occupation
Professionals
Minimum 21 years of age Maximum 65 years of age Minimum annual income should be 1.44 lacs according to P&L Company should make cash profits for the last 2 years Company should be in operation for the last 2 years Audited Balance Sheet
 

Documents Required

Completed application Income proof and banking details Address proof and Age proof Identity proof Proof of educational qualifications

Home Loan

Kotak Mahindra Bank provides you home loans accompanied by highly customized facilities and services for a seamless and pleasurable home-buying experience. In a market where the basic product is largely similar, the differentiator is our ability to understand the customer's need completely and structure the eligibility and loan amount appropriately.

 

Key benefits

Offering you home loan accommodation in a customized manner, Kotak Mahindra offers you a hassle-free customer experience. Some of the features of Kotak Mahindra Bank Home Loans are as follows:

High eligibility for businessmen Options to cover your home loans at great premium Easy process of loan disbursement Quick turnaround time Convenient Documentation Attractive rates of interest Doorstep services

Why apply for Kotak Mahindra Home Loan on Care2earn.in?

Comparative Study: The website gives you the option of comparing Kotak Mahindra Home Loans against the loans offered by other financial organizations/banks. You can also take help from the customer care team to assist you with all your queries.Credibility: You can get all the information related to Kotak Mahindra home Loans in detail. Be it the terms and conditions, interest rates or any other unique information. The best part being that all information is updated and readily available.Quick and convenient: Apply for Kotak Mahindra home loan from the comfort of your office/home. Refer to care2earn.in to check out all the features, and make the application and documentation a very quick and smooth process. The loan disbursal will happen in quick time.Privacy: The personal information you provide, with regards to the loan application, will be shared only with Kotak Mahindra. Apart from this, it will be treated with the utmost care and kept completely private.

 

 

Eligibility Criteria

The eligibility of the loan depends on the repayment ability and is determined by numerous factors:

For Salaried Individual
The income of the individual Savings and credit history Income source Qualification and Age Number of dependents Prospects of continuing the same occupation

For self employed
Profit and Loss Account for last 3 years Audited Balance Sheet

 

Documents Required

  Salaried Employed
Age 21 years to 60 years 21 years to 65 years
Income 1,44,000 (p.a) 1,44,000 (p.a)
Loan Amount Offered 2,00,000 - 1,00,00000 2,00,000 - 1,00,00000
Tenure 5 years to 25 years 5 years to 25 years
Current Experience 2 years 3 years
Processing Fee 0.5% 0.5%
Loan to value ratio 85% of the property value 85% of the property value
Documentation 1) Complete application form
2) Address Proof
3) Age Proof
4) Income Proof
5) Last 6 months bank statement
6) last 3 months salary slip
1) Complete application form
2) Address Proof
3) Age Proof
4) Income Proof
5) Last 6 months bank statement
6) Bank statemen