Kotak Mahindra Bank offers home loans to individuals, Partnership Firm / LLP/Indian Company and also to Hindu Undivided Family (HUF). The eligibility criteria set by Kotak Mahindra Bank for their home loans are:

  • The applicant should be an Indian citizen or NRI
  • Minimum income of Rs.15,000 per month
  • Your credit score is very important. A credit score of 700 and above will be considered good
  • The lender also considers your existing liabilities and loans when processing your loan application

Additional Read: Kotak Mahindra Bank Home Loan Eligibility

How can I improve my eligibility for Kotak Mahindra Home Loan?

  1. Add an earning member of your family as a co-applicant on the loan. By declaring your combined income, you can increase your loan approval rate. 
  2. Repay your existing loans and credit card dues. If you have a very high existing liability, you are considered a higher risk to the lender. So try and reduce your liabilities to improve your chances of getting a good loan. 
  3. Achieve a credit score of 750 and more
  4. Go for a longer repayment tenure. This will reduce your monthly EMI amount too. 
  5. You can opt for a higher down payment and a lower loan amount
  6. Mention your additional sources of income and assets
  7. Apply at a younger age. Younger you are, better are the loan terms