Kotak Mahindra Bank Loan Against Property in Purnea, Bihar

Your property can help you fulfill your personal and business needs. Apply for Loan Against Property with Kotak Mahindra Bank through Avyud Consultancy at attractive interest rates. You can now fulfill your personal and business needs by availing Kotak Mahindra Bank Loan against Property.

Kotak Mahindra Bank Loan Against Property Important Information

• Flexible Loan Eligibility


• Loans value from Rs. 10 Lakh to Rs. 5 Crore


• Loan against commercial, residential or industrial property


• Loan for your business as well as personal needs


• Flexible loan offerings in form of EMI-based loans or overdraft facility


• Easy repayment options available

Eligibility Criteria for Kotak Mahindra Bank Loan Against Property

• Their age should be at least 21 years or above at the time of loan application but under 65 years at the time of loan retirement.


• Their proof of income is above INR 1.8 LPA. They also need to furnish profits of the past two years of business and a record of the business of at least three years.

• The applicant should hold a graduate degree if the applicant works in a private limited company or a partnership. But they won’t need this if you are working for a public limited company.


• Applicants should have an income above INR 40,000 per month and must be working for the past 2-3 years.


• The applicant should be at least 18 years or above at the time of application but under 60 years at loan retirement


• Sanction of the loan is at the discretion of the bank

Documents Required for Kotak Mahindra Bank Loan Against Property

• Application Form


• Pan card


• Driving License/ Passport/ Voter's ID /Aadhaar card (Voluntary)


• Address proof for Both Office and Residence


• Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate


• Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations


• MOA/AOA/PartnerShip Deed/GST Registration Certificate/Form 32 for knowing latest directors


• Last three years audited financials.

Fees & Charges for Kotak Mahindra Bank Loan Against Property

• Processing Fee: 1% plus GST and Statutory dues. (Non refundable)


• Documentation Charges: INR 10000 plus GST and Statutory dues


• Repayment mode/ Account swap charges: Rs. 500 (plus taxes and any other applicable statutory dues)


• Instrument (Cheque/ECS/Mandate) dishonour charges: Rs. 500 (plus taxes and any other applicable statutory dues)


• Substitute Interest (Penal Interest): 2% per month (plus taxes and any other applicable statutory dues) on unpaid EMI amount for delayed period