Loan Against Property Kotak-mahindra

Key Features -
High loan eligibility for businessmen
Loans amounts ranging from Rs.10 lakh - Rs.3 crore!
Loans against residential as well as commercial properties

Eligibility

For self-employed professionals:
Minimum annual income should be Rs.1.44 lakh as per the P&L.
Minimum gross annual income should be Rs.1.44 lakh.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.
For self-employed non-professionals:
Minimum annual income should be Rs.1.44 lakh as per the P&L.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.

Apply for Best Loan Against Property in Kotak-mahindra

Professional Details
Loan Amount:
Occupation:
City:
Annual Income:
Banks Interest Rates Processing fees
HDFC
9.50% to 10.50% Maximum of 1% of loan amount
SBI
10.35% - 11.05% Flat Rs. 10,000/- plus applicable GST
ICICI Bank
9.75% - 10.90% 1.00 % + AT*
Axis Bank
9.90% - 10.35% 1% or Rs 10,000 (whichever is higher)


Documentation

The following documents are required for the purpose of credit appraisal:
Completed application
Your income documents and bank statement
You address and age proofs

Source: Kotak Mahindra Website