Explore Kotak Mahindra Bank Personal Loan on Bajaj Markets
Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Borrow large amounts of up to ₹40 Lakhs by opting for a Kotak Mahindra Bank Personal Loan on Bajaj Markets. Enjoy low interest rates starting from 10.99% p.a. and flexible repayment tenures ranging up to 6 years. Furthermore, you can also benefit from the easy online application and hassle-free documentation processes to save time and manage financial emergencies.
Kotak Mahindra Bank Personal Loan interest rates and other associated charges are as follows:
Interest rate |
Starts from 10.99% p.a. |
Processing Fee |
Up to 1.10% - 1.50% of the loan amount + GST |
Foreclosure Charges |
|
Part Prepayment |
Post completion of 12 months - Up to 20% of Principal loan outstanding. |
*Disclaimer: The interest rates and charges mentioned are subject to constant change at the lender’s discretion
Features and Benefits
High Loan Amounts
Secure a loan of up to ₹40 Lakhs with this loan
Affordable Interest Rates
Enjoy low interest rates starting from 10.99% p.a.
Flexible Repayment Tenures
Repay the loan over tenures ranging up to 72 months
Quick Disbursal
Get amount of up to ₹5 Lakhs credited to your account instantly post-approval. Amount between ₹5 Lakhs and ₹40 Lakhs will be disbursed within 2 days of being approved.
Zero Collateral
You are not required to submit any asset as collateral when applying for this loan
Top-up Loans
After completing 9 months into the tenure, you can apply for a top-up loan
To increase your chances of getting approval on your loan application, ensure that you fulfil the Kotak Mahindra Bank Personal Loan eligibility criteria listed below:
Employment: Salaried individuals are preferred. The applicant should be employed with any one of the following institutions.
MNC
Public limited company
Private limited company
Age: 21 to 60 years
Monthly income:
Kotak Bank salary account holders: ₹25,000
Other banks'/NBFCs' salary account holders: ₹30,000
For an employee of Kotak Mahindra Bank: ₹20,000
Educational qualification: The applicant should have a graduate degree
Work experience: At least 1 year
Residence: The applicant must be a resident of the current city for at least one year
CIBIL score: 750 and above
In addition to this, you will also need to submit the documents listed below:
Salary slips of the last 3 months
Bank statements of the last 3 months
PAN card
Aadhaar card
Residential proof: Any one of the following if the current residential address does not match the one mentioned on the Aadhaar card
Driving licence
Passport
Voter ID
You can easily apply for a Kotak Personal Loan online by following these easy steps:
Click on ‘Apply Now’
Provide your personal and income details
Select ‘Kotak Mahindra Bank’ from the list of lenders
Choose your preferred loan amount and repayment tenure
Click on the ‘Submit’ option
Following the verification of your application, an executive will contact you for further proceedings.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
FAQs
What is the maximum amount that can be borrowed through Kotak Mahindra Bank Personal loans?
You can borrow amounts as high as ₹40 Lakhs with this personal loan.
Is there an age limit to apply for Kotak Mahindra Bank Personal Loan?
Yes, there is. The applicant should be between 21 and 60 years of age.
What is the interest rate charged on Kotak Mahindra Bank personal loans?
Kotak Mahindra Bank Personal Loan interest rates start from 10.99% p.a.
What factors affect the interest rates of Kotak Mahindra Bank Personal Loan?
The following factors are taken into consideration by Kotak Mahindra Bank when determining the interest rate for your personal loan:
Credit history and score
Employment and income stability
Existing debt and financial obligations
Relationship with the bank
RBI policies and market trends
What is the loan tenure for a Kotak Mahindra Bank Personal Loan?
You can get a personal loan from Kotak Mahindra Bank for a tenure of up to 6 years.
How to contact Kotak Mahindra Bank’s customer care?
For any personal loan-related query or grievance, you can reach out to the customer care team by calling the toll-free number 1860 266 2666.
