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)
  • 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

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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.