Help Center
Locate us
Home Loan For Women
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
From being a homemaker to becoming a breadwinner, the Indian woman has gained tremendous financial independence in the last few decades. With this newfound financial confidence, many women are choosing to invest in their own homes. To encourage women home buyers, Kotak Mahindra Bank offers affordable housing loans for women.
Under PMAY, single women and widows are eligible for a home loan. Women borrowers also enjoy a better approval rate and faster processing under this scheme.
Reduced stamp duty (1 % to 2 % concession) is the most important among home loan benefits for women.
Home loans for women have reduced interest rates, lowering the overall cost.
A longer tenure enables women borrowers to easily repay the complete loan.
Kotak Mahindra Bank’s home loan eligibility guidelines for women borrowers are clear and transparent.
Criteria |
Description |
|---|---|
Age |
Salaried: 18 to 60 years Self-employed: 18 to 65 years |
Residential Status |
Must be an Indian citizen |
Employment |
Salaried or Self-employed |
Minimum Monthly Income |
● Rs. 20,000 per month for Delhi, Bangalore, Chennai, Mumbai, Pune ● Rs. 15,000 per month for other cities |
CIBIL Score |
Minimum credit score should be 750 |
Kotak Mahindra Bank offers the best home loan interest rate to women borrowers which is among the lowest in India.
Kotak Mahindra Bank’s simple application process makes it easier for women borrowers to apply for a home loan.
Home Loan Application Process:
Documents required for home loan for women from Kotak Mahindra Bank:
No, a housewife cannot independently apply for a home loan for women owing to the lack of a steady income. However, she can be a co-applicant.
Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
