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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.

Also check: Cibil score by pan card

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

Additional Reading: How to get instant loan for low cibil 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

Additional Reading: How to increase cibil score fast?

View and improve your credit score - for free.

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The best offers from India’s most trusted banks

Home Loan Balance Transfer starts at 6.45% p.a for all profiles

Apply for Home Loan Balance Transfer online instantly and get lower interest rate starting at 6.45% p.a. Get better terms and services. You can also avail instant top up loan facility during balance transfer.

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