28 OCTOBER, 2021

Home loans are financial instruments that can assist you in purchasing your dream home. With these offerings, you can purchase a house without draining your savings. There are various banks and financial institutions that you can contact for availing a home loan. However, if you are looking for the best home loan offers, Kotak Mahindra Bank is your answer. With home loan starting at 6.5% p.a., Kotak also offers various other benefits:

  • High loan amount

With us, you need not compromise on your dreams. You can buy the house you want by availing a high loan amount. You can get a loan amount of up to 90% of the property value with us, depending on your eligibility and credit score. However, it would be best to check your affordability with a home loan EMI calculator before deciding the loan amount.

  • Minimum documentation

Often people are reluctant to apply for a home loan due to the complicated paperwork it demands. However, with us, you can apply for a loan with minimum documents. To apply, you need to submit only your passport size photograph, identity and address proof, income documents and property proofs. Once you collect these documents, you can upload them online without visiting the bank’s branch.  

  • Processing fee

The processing fee is a non-refundable cost that you need to pay irrespective of your application approval. With Kotak Mahindra Bank, you can get a housing loan at a low processing fee and no hidden charges.

  • Home loan insurance

Experts recommend buying a home loan insurance policy with a housing loan to save your family from the burden of repaying the loan amount in case of any unforeseen circumstances. With us, you can also buy home loan insurance at a reasonable premium and safeguard your family from a financial burden. 

  • Doorstep service

You no longer need to get into the hassle of visiting the bank branch multiple times to apply for a home loan. With a 100% digital interface, you can apply online and get a quote. Moreover, if you have a doubt, you can contact our representative and receive a doorstep facility. You can also get in touch with our housing loan expert to seek answers to your queries.

  • Prepayment

You can opt for a comfortable tenure of up to 20 years, depending on your financial viability. If you want a smaller EMI, you can opt for a longer tenure and vice versa. If you opt for a longer tenure, you can also prepay the loan before the tenure ends to reduce the EMI and save money. 

  • Quick processing

Through Kotak Mahindra Bank, you can get quick loan approval and disbursal. You need not wait for weeks or months for the loan amount to be disbursed. You can get a loan sanction within 24 hours if you fulfil the formalities. We also offer in-principal approval of your home loan with a paperless process through your income tax credentials.

When you can get the best loan offers at the lowest home loan interest rates with us, why go anywhere else. With an easy application process and online interface, you can get approval in no time. However, do check your eligibility and affordability before applying to get a hassle-free experience.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.