Kotak Mahindra Bank Personal Loan
Kotak Mahindra Bank offers personal loans to help individuals meet their diverse financial needs, whether it’s funding a wedding, renovating a home, managing medical emergencies, or consolidating debt. These unsecured loans come with competitive interest rates, flexible repayment terms, and a hassle-free application process, making them an excellent choice for quick financial assistance.
Check Your Personal Loan Eligibility
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Kotak Mahindra Bank Personal Loan Highlights:
| Kotak Mahindra Bank Personal Loan Highlights | |
|---|---|
| Loan Amount | Upto 35 Lakh |
| Tenure | Upto 72 Months |
| Interest Rate | 10.99% p.a onwards. |
| Processing Fees | Upto 5% + GST |
| Part Pre-payment Charges | Post completion of 12 months -Part-Prepayment is allowed up to 20% of Principal loan outstanding. It is allowed once a year. Charge per instance of part payment is INR 500 plus taxes. |
| Foreclosure charges | No lock-in period for Kotak Personal loans post payment of first EMI. Upto 3 years - 4% + taxes on outstanding principal. After 3 years - 2% + taxes on outstanding principal. |
Kotak Mahindra Bank Personal Loan Maximum and Minimum Loan Amount.
Kotak mahindra bank provides personal loan minimum amount of 1 lakh and maximum loan amount of 35 Lakh.
- Minimum Loan Amount: 1 lakh.
- Maximum Loan Amount: 35 Lakh.
Kotak Mahindra Bank Personal Loan Interest Rate.
Kotak Mahindra Bank Personal Loan Interest rate strats from 10.99% to maximum interest rate of 26% p.a
- Minimum Interest Rate: 10.99%
- Maximum Interest Rate: 26% p.a
Kotak Mahindra Bank Personal Loan Tenure.
Kotak Mahindra Bank Personal Loan tenure starts from 12 months to maximum tenure 72 months.
- Minimum Tenure: 12 Months.
- Maximum Tenure: 72 Months.
Type of Personal Loan of Kotak Mahindra Bank.
Kotak mahindra bank provide personals for many purposes & with differant type of personal loan.
- Personal Loan for Home Renovation.
- Personal Loan for Medical Emergency.
- Personal Loan for Education.
- Personal Loan for Marriage expenses.
- Personal Loan for Travel.
Eligibility Criteria for Kotak Mahindra Bank Personal Loan.
below are the basic eligibility criteria for kotak mahindra bank personal loan.
- Salaried Idividual employed with Public Limited/Private Limited, Govt Entity.
- Age: 21 – 60 Years.
- Income: Salary Account Holder- 25k, non Salary a/c holder – 30k, kotak employees- 20k.
- Applicants must possess at least one year of work experience.
Document required for kotak mahindra bank personal loan.
- Valid identity proof: PAN Card, Passport, Aadhaar card, or Driving licence.
- Valid residence proof: passport, Aadhaar card, or Driving licence.
- Last three months’ Bank statement reflecting your income details and Salary slip for the last three months (for salaried employees)
- passport size photo.
Disclaimer: by clicking on Check eligibility you are agreed with our privacy policy and other terms.