Kotak Mahindra Bank Home Loan

	Salaried	Self Employed	Professional
Age	18 To 60 Years	18 To 65 Years	18 To 65 Years
Loan Amount	Upto 10 Crore	Upto 25 Crore	Upto 25 Crore
Tenure	5 To 30 Years	5 To 30 Years	5 To 30 Years
Rate of Interest / APR [Annual Percentage Rate]	8.65% To 9.25%	8.65% To 9.25%	8.65% To 9.25%
Features	Loan up to 75% to 80% of the property cost	Loan up to 75% to 80% of the property cost	Loan up to 75% to 80% of the property cost
Processing Fees	Upto 0.25% + Service Tax	Upto 0.25% + Service Tax	Upto 0.25% + Service Tax
Special	NA	NA	NA
Documentation	KYC/Financial(2 Years) & Property Documents.	KYC/Financial(2 Years) & Property Documents.	KYC/Financial(2 Years) & Property Documents.
Eligibility	Home Loan Eligibility Criteria for an Individual Age: Salaried between 18 and 60 years old Self Employed between 18 and 65 years old Gross Income of Resident Indian Individual: (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum income should be Rs.20,000/month. (Other cities) - Minimum income should be Rs.15,000/month. Minimum Qualification: Graduate when applicant is employed with a private limited company or partnership firm. If applicant is employed with Public limited company or MNC or Government or Public Sector Company then there is no such criteria.	Home Loan Eligibility Criteria for a Partnership Firm / LLP/Indian Company Age: Self Employed between 18 and 65 years old Minimum Qualification: Graduate when applicant is employed with a private limited company or partnership firm. If applicant is employed with Public limited company or MNC or Government or Public Sector Company then there is no such criteria. Should be in existence for at least 3 years. Gross Income of Partnership firm/ LLP/ Indian Company: (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum net income should be Rs.2,40,000/- p.a. (Other cities) – Minimum net income should be Rs.1,80,000/- p.a Home Loan Eligibility Criteria for a Hindu Undivided Family (HUF) Karta of HUF must be applicant / co applicant. Should be in existence for at least 3 years IT returns of HUF for 3 years should be obtained. Net Income of a Hindu Undivided Family: (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum income should be Rs.2,40,000/-p.a. (Other cities) – Minimum income should be Rs.1,80,000/- p.a.	Home Loan Eligibility Criteria for a Partnership Firm / LLP/Indian Company Age: Self Employed between 18 and 65 years old Minimum Qualification: Graduate when applicant is employed with a private limited company or partnership firm. If applicant is employed with Public limited company or MNC or Government or Public Sector Company then there is no such criteria. Should be in existence for at least 3 years. Gross Income of Partnership firm/ LLP/ Indian Company: (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum net income should be Rs.2,40,000/- p.a. (Other cities) – Minimum net income should be Rs.1,80,000/- p.a Home Loan Eligibility Criteria for a Hindu Undivided Family (HUF) Karta of HUF must be applicant / co applicant. Should be in existence for at least 3 years IT returns of HUF for 3 years should be obtained. Net Income of a Hindu Undivided Family: (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum income should be Rs.2,40,000/-p.a. (Other cities) – Minimum income should be Rs.1,80,000/- p.a.

Particulars	Salaried	Self Employed	Professional
Age(Min-Max)	18 To 60 Years	18 To 65 Years	18 To 65 Years
Minimum Income	Min. 2,40,000/ p.a	Min. 2,40,000/ p.a	Min. 2,40,000/ p.a
Co-applicant	Min. Age 18 Years	Min. Age 18 Years	Min. Age 18 Years
Loan Tenure	5 To 30 Years	5 To 30 Years	5 To 30 Years
Maximum Loan Amount	Upto 10 Crore	Upto 25 Crore	Upto 25 Crore
Employment/Business Continuity	Min. 1 Years	Min. 3 Years	Min. 3 Years
CIBIL Score	Min. 700+	Min. 600+	Min. 600+

Home Loan Eligibility Criteria for an Individual
- Age:
  - Salaried between 18 and 60 years old
  - Self Employed between 18 and 65 years old
- Gross Income of Resident Indian Individual:
  - (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum income should be Rs.20,000/month.
  - (Other cities) - Minimum income should be Rs.15,000/month.
- Minimum Qualification:
  - Graduate when applicant is employed with a private limited company or partnership firm. If applicant is employed with Public limited company or MNC or Government or Public Sector Company then there is no such criteria.
Home Loan Eligibility Criteria for a Partnership Firm / LLP/Indian Company
- Should be in existence for at least 3 years.
- Gross Income of Partnership firm/ LLP/ Indian Company:
  - (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum net income should be Rs.2,40,000/- p.a.
  - (Other cities) – Minimum net income should be Rs.1,80,000/- p.a
Home Loan Eligibility Criteria for a Hindu Undivided Family (HUF)
- Karta of HUF must be applicant / co applicant.
- Should be in existence for at least 3 years
- IT returns of HUF for 3 years should be obtained.
- Net Income of a Hindu Undivided Family:
  - (Delhi, Mumbai, Bangalore, Pune & Chennai) - Minimum income should be Rs.2,40,000/-p.a.
  - (Other cities) – Minimum income should be Rs.1,80,000/- p.a.

Fee	Amount to be Paid
Rate of Interest	8.60 % To 9%
Loan Processing Charges	Upto 0.25% + Service Tax
Cheque Bounce Charges	NA
Cheque/ Instrument Swap charges	NA
Prepayment/ Foreclosure Charges	NA
Default Interest Rate	NA
Duplicate Statement Issuance Charges	NA
Duplicate Amortization Schedule Charges	NA
Duplicate Interest Certificate	NA
S(Provisional/ Actual) issuance Charges	NA

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Kotak Mahindra Bank Home Loan

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