Overview

Loan Against Property

Axis Bank provides loan against property, be it commercial or residential. You can also apply for this loan if you need funds to acquire new property. A take-over of your existing loan with refinancing is also possible with Loan against property.
 

Key benefits

Attractive interest rates
Doorstep service
Loan against property residential
Loan against property Commercial
Loan for purchase of commercial property
Take-over of existing loan with additional refinance (Balance transfer)
 

Eligibility

Salaried Individuals
Any individual who is in permanent service in government or a reputed company. The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation.
Professionals
Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply. The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.
Self-employed Individuals
Any individual filing Income Tax returns can apply. The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.
Lease Rental Discounting(LRD)
)All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.
 

Documents Required

Document Salaried Other Applicants
Proof of identity Voter's ID card or driving license or PAN card or photo credit card or employee's ID card, or defense or police or government department ID card Voter's ID card or driving license or PAN card or photo credit card
Proof of income Latest salary slip showing all deductions or Form 16 along with recent salary certificate IT Returns for the last 2 years and computation of income for the last 2 years certified by a CA
Proof of residence Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or employers letter certifying the current mailing address or latest NSC or other similar instruments indicating the address or existing house lease agreement Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or latest NSC or other similar instruments indicating the address
Bank statement or pass book where salary or income is credited Last 6 months Last 6 months
Guarantor form Optional Optional
Lease Agreement Copy of lease agreement required for all lease rental discounting cases Copy of lease agreement required for all lease rental discounting cases

Home Loan

Home Loans

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

Salaried Individuals

Individuals in permanent service in the Government or reputed companies meet Axis Bank’s Home Loan eligibility criteria

Applicants should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.

Professionals

Professionals (i.e., doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply.

Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet their housing loan criteria.

Self Employed Individuals

Any individual filing income tax returns can apply

Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.

 

Documents Required

Purpose Salaried Employed
Proof of identity and address Passport or Voter’s ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN Card (PAN Card only as identity proof) or any other document as acceptable by the Bank
Proof of Income Latest 3 months’ salary slip showing all deductions and Form 16 IT returns for the last 2 years and computation of income for the last 2 years certified by a CA
Bank statement or Pass Book where salary or income is credited Last 6 months Last 6 months
Credited Salaried Employed
Guarantor Form Optional Optional