Kotak Mahindra Bank Home Loan Balance Transfer

• Income: The required minimum monthly income for applicants residing in Delhi, Bangalore, Mumbai, Pune, and Chennai is ₹20,000. Additionally, for those living in other cities, the minimum monthly income requirement is ₹15,000.

• Minimum Qualifications: Candidates working for a private limited company or a partnership firm must have a bachelor's degree
   

However, a public limited company, government, MNC, or public sector company does not require any minimum qualification.

2. For partnership firms/LLPs/and companies

• Income: Firms/LLPs/companies in Delhi, Mumbai, Bangalore, Pune, and Chennai must have a minimum annual net income of ₹2,40,000 and the requirement for other cities is ₹1,80,000

• Business Vintage: The business must be in operation for a minimum of 3 years

3. For a Hindu Undivided Family

• Income: HUFs in Delhi, Mumbai, Bangalore, Pune, and Chennai must have an annual minimum net income of ₹2,40,000 and the requirement for other cities is ₹1,80,000

• Business Vintage: It should have been in operation for at least 3 years

• IT returns for at least 3 years

• The applicant or co-applicant must be the HUF's Karta
   

Here are the documents required for Kotak Mahindra Bank Home Loan Balance Transfer:

• Identity proof: Any one of the following:

  1. PAN card

  2. Voter ID

  3. Passport, 

  4. Driving licence

• Income proof:

  1. Bank statements, salary slips, most recent Form-16, ITR (if salaried)

  2. Current account statement, ITR, balance sheet and profit and loss statements (all attested by CA) (if self-employed)