KOTAK MAHINDRA BANK
Home Loan Balance Transfer
Kotak Mahindra Bank offers Home Loan Balance Transfer at a competitive rate of interest. If you are paying high interest on your home loan then you can transfer the outstanding loan amount to Kotak Mahindra Bank.
Features and Benefits of Kotak Mahindra Bank HLBT
Kotak Mahindra Bank offers Home Loan Balance Transfer at low rate of interest starting at 7.10%. A low rate of interest can help you save the cost of interest.
All the future payments of EMI will be made to Kotak Mahindra Bank after the Home Loan transfer.
Top up facility can also be availed on the current loan and fulfil your immediate cash requirements.
The overall process of obtaining a home loan is simplified with Kotak Mahindra Bank. The bank facilitates the EMI customisation that helps you to pay EMI conveniently.
With Kotak Mahindra Bank you can customise the loan tenure.
Kotak Mahindra Bank charges a minimal processing fee that ranges from 2% to 2.25% of the loan amount.
Eligibility Criteria for Kotak Mahindra Bank HLBT
Factors affecting Kotak Mahindra Bank HLBT are mentioned below:
- Monthly or annual income of the applicant
- Source of income
- Age (early 20s or 30s) and qualification of the applicant
- Number of dependents
- Relevant number of work experience
- Credit history and credit score
Documents Required for Kotak Mahindra Bank HLBT
Along with the foreclosure letter of a home loan from the existing bank and filled application form, the other documents required for HLBT is mentioned below:
| Income Proof (Anyone) | Salary slips Form 16 Income Tax Return Audit reports certified by CA Latest Bank Statements |
|---|---|
| Age Proof (Anyone) | Aadhar Card PAN Card Valid Passport Birth Certificate Voter's ID Card |
| Identity Proof (Anyone) | Aadhar Card PAN Card Valid Passport Birth Certificate Voter's ID Card |
| Residence Proof (Anyone) | Rent Agreement Ration Card Latest Utility Bill |