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Old December 25th, 2017, 03:24 PM
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Default Kotak Mahindra Bank Lap

Hi buddy can you here tell me about eligibility and require documents to apply for Kotak Mahindra Bank Loan Against property (LAP) , as I am thinking to apply for the same ??
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Old December 25th, 2017, 03:54 PM
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Default Re: Kotak Mahindra Bank Lap

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India.

Kotak Mahindra Bank Loan Against property (LAP)

Eligibility
For self-employed professionals:

Minimum annual income should be Rs. 1.44 lakh as per the P&L.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.

For self-employed non-professionals:

Minimum annual income should be Rs. 1.44 lakh as per the P&L.
Minimum 21 years of age.
Maximum 65 years of age at the time of loan maturity.
Firm/company should have been in operation for the last 3 years.
Firm/company should be making cash profits for the last two years.

Document require

Completed application
Your income documents and bank statement
Your address and age proof

Bank profile :
Type Private sector Bank
Traded as BSE: 500247
NSE: KOTAKBANK
Industry Banking, Financial service
Founded 1985 (as Kotak Mahindra Finance Ltd)
Headquarters Mumbai, India
Key people Uday Kotak (Founder & Executive Vice Chairman & MD)
Dipak Gupta (Joint MD)
Jaimin Bhatt (President & Group CFO)
Shanti Ekambaram (President - Consumer Banking)
KVS Manian (President - Corporate, Investment & Institutional Banking)
Mohan Shenoi (Chief Operating Officer)
Gaurang Shah (President - Asset Management, Insurance and International Business)
D Kannan (Group Head - Commercial Banking)
Arvind Kathpalia (President &Group Chief Risk Officer)
Products Deposit accounts, Loans, Investment services
Revenue 27,974.52 crore (US$4.4 billion)(2016)
Net income 3,431.12 crore (US$540 million)(2016)
Total assets US$15.8 billion(2015)
Number of employees 46,500+ (2016)
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