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:
| Type of Document | |
| Income Proof (Anyone) |
|
| Age Proof (Anyone) |
|
| Identity Proof (Anyone) |
|
| Residence Proof (Anyone) |
|
View and improve your credit score - for free.
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
The best offers from India’s most
trusted banks
Save more with HDFC Home Loan Balance Transfer @ 6.75% p.a
Transfer balance of your existing home loan to HDFC bank and tap the benefit of lowest interest rate offer starting at 6.75% p.a. Currently you can also apply for HLBT top up offer for up to Rs 50 Lakh. Processing fee is nominal for both salaried as well as self-employed individuals.
©2021 MoneyMantra. All rights reserved