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Kotak Mahindra Bank Personal Loan

Get instant access to funds and end all your financial issues in a go. Apply for Kotak Mahindra Personal Loan instantly in just a few clicks and receive the funds in your account in just 2 days. Kotak Mahindra provides an instant personal loan to help you meet your urgent financial requirement easily. The bank provides a wide range of loans as well as other financial products to meet the varying requirement of the borrowers. The personal loan provided by the Kotak Mahindra Bank is a multi-purpose loan so you can use the funds in accordance to your needs.

You can easily apply for the Kotak Mahindra personal loan by filling a simple online application form at Rupee Station. We at Rupee Station, help borrowers to get instant funds at the lowest rate of interest. You just need to fill our online loan application form to apply for the loan and our financial experts carry the process further

Apply Personal Loan

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Minimum salary of Rs 10,000 is requiredMinimum annual income of Rs. 1.2 Lakh is requiredMinimum turnover of Rs. 1.2 Lakh is required
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Reasons to take personal loan from Kotak Mahindra

Kotak Mahindra offers multiple benefits to its borrowers and aims at making the loan procedure hassle-free. Below listed are some of the major advantages associated with Kotak Mahindra Bank personal loan, have a look –

  • Low interest rates starting from 11%
  • Instant loan up to 30 lakh
  • Flexible loan tenure up to 48 months
  • Quick and Online loan procedure
  • Easy Documentation process
  • No hidden cost
  • Instant availability of funds
  • Special interest rates for borrowers employee of top Companies
  • No Collateral required 

Kotak Mahindra Bank Personal Loan Interest Rate

Salaried Individual

Loan Amount

Starting From 1Lakh to 30Lakhs

Interest Rate

11.00% - 24.00%

Loan Tenure

12 to 48 months

Processing Fee

Up to 2.50% of the loan amount and applicable Service Tax

Foreclosure Charges

Upto 4%

Age

21 years up to 60 years

Major Highlights of Kotak Mahindra Personal Loan

The personal loans offered by the Kotak Mahindra bank are the multi-purpose loans so you can use the funds to finance your travel trip, for the renovation of the house or any other purpose you wish to. The loan is available at affordable rates with easy repayment option and a lot more so, if you are planning to take personal loan then Kotak Mahindra is one of the best options available. Below listed are some of the major highlights of Kotak Mahindra bank personal loan, have a look

Low interest rates starting from 11%

Kotak Mahindra personal loan is available at affordable interest rates starting from 11% so you can easily get personal loan at low interest cost.

Instant loan up to 30 lac

If you need funds in huge quantum then personal loan provided by Kotak Mahindra is one of the best options for you as loan up to 30 lac is easily and instantly available.

Flexible loan tenure up to 48 months

With Kotak Mahindra, you can easily repay the loan in accordance with your income as the repayment tenure is also quite flexible up to 48 months. So, you can keep the EMIs as low as you want.

Quick and online loan procedure

The entire process of applying and approval of loan is conducted online so the process is conducted quickly and easily. There is not much paperwork involved; you can apply for the loan in just a few clicks.

Easy Documentation process

The documentation process is also very easy as you only need to provide some basic ID proofs, income proofs etc. which are generally available with almost every individual.

No hidden cost

The loan procedure at Kotak Mahindra bank is very transparent and no hidden cost is charged by the bank so you need not worry about any additional expenses for getting the loan.

Instant availability of funds

The funds are also made instantly available in just the short span of two days. Once your loan application is approved; you will receive the funds in your account in just two days.

Special interest rates for borrowers employee of top Companies

Kotak Mahindra offers special discounted interest rates for the employees of some top companies so if you are working in a repudiated company you can easily be benefited

No Collateral required

to apply for Kotak Mahindra personal loan, you need not put any collateral. Thus, the loan is available easily and instantly based on your credit.

Kotak Mahindra Bank Personal Loan Fees & Charges

Loan Processing Fees Up to 2.50% of loan amount, Rs 1,000 to 25,000
Pre-payment Charges 4% of principal outstanding - 13 to 24 months,
3% of principal outstanding – 25 to 36 months
2% of principal outstanding - >36 months
Penalty for late EMI payment 24% per year on outstanding amount From default date
Eligibility Criteria

Eligibility criteria for Kotak Mahindra Personal Loan

In order to get Kotak Mahindra Bank personal loan, you need to be eligible for loan and your eligibility is decided on basis of pre-defined eligibility criteria. Below given is the eligibility criteria for Kotak Mahindra personal loan, have a look –

1.

In order to apply for loan at Kotak Mahindra, your minimum age should be 21 years and maximum age should be 58 years.

2.

You should have a consistent source of income so you should either be a self-employed professional or a salaried individual.

3.

Your minimum monthly income should meet the monthly income requirement of the bank i.e. 25000

4.

You should have an experience of two years in your current employment.

Documents Needed for Kotak Mahindra Personal Loan

For the approval of your loan application, you need to provide some documents to the bank for verification. Below listed are the documents required by Kotak Mahindra bank for the approval of personal loan, have a look –

  • Application – You need to fill a loan application form and submit the same

  • ID Proof – Voter ID/Passport/Driving License

  • Residence Proof – Rent Agreement/Telephone Bill/Passport/Electricity Bills

  • Income proof – Salary Slip of last 3 months/latest form 16

  • Bank Statement – Last 6 month bank statement

Documents Required

Benefits of applying Kotak Mahindra Personal Loan at Rupee Station

Rupee Station aims at providing the lowest interest loans instantly to all the borrowers. We at Rupee Station, strive hard to redefine the complicated and time-consuming loan process into the hassle-free and an instant one. You can easily apply for Kotak Mahindra personal loan at Rupee Station and get your loan approved in just a couple of days.

At Rupee Station, we enjoy an exclusive collaboration with Kotak Mahindra bank so you can easily enjoy the loan offers and low interest rates offered by the bank. Personal loans, being the unsecured loans are available to the ones with good credit score but we also provide Kotak Mahindra personal loan to the people with bad credit score. In addition, there are numerous other benefits of applying for loan at Rupee Station, have a look –

Personalized Loan offers

At Rupee Station, we provide borrowers with personalized loan offer to meet their fund requirements closely.

Apply loan in a minute

You can apply for the personal in just a few minutes at Rupee Station as all you need to do is fill our online loan application form with some basic details.

Get loan approval instantly

Our aim is to cater the immediate fund requirement of our borrowers, so we help you to get instant loan approval from the banks.

Funds available in only 2 days

Once your loan application is approved by the bank, funds are disbursed into your account in just two days so you need not wait long to meet your financial requirements.

Get support of experts

In case, you have any doubt while applying for the loan or get stuck at any point we are just available in a single call. Our team of experts will answer your query instantly.

Process to apply for loan at Rupee Station

The process of applying for personal loan at Rupee Station is just a child’s play. Anyone can easily apply for the loan in just a minute, and here we go –

Step 1

Fill your information in our online application form

Step 2

Our financial expert will review your information and will take the process forward.

Step 3

Get funds in your account in next two days