Kotak Mahindra Bank is one of the largest private banks in India headquartered in Mumbai which has large market capitalization value. It is the first non-banking finance company to convert to banking services.
Kotak Mahindra Bank has currently network of 641 branches and over 1,159 ATMs spread across the country. It offers wider range of financial services and banking products through multiple channels for corporate companies and retail sector. Kotak bank was incorporated in 1994. It started internet banking in 1998.
A personal loan is the loan taken to meet personal needs and commitments. It can be used for purposes like to expand your business, buy a car, immediate needs and unforeseen expense. In this loan borrower can avail the loan without going through legal hassles.
Bank offers unsecured loans so you don’t need to secure an asset like your home or vehicle against the loan. It is well known that as we move on the life unexpected expenses pop up at any point of time and it is quite difficult manage this cost.
While banks are willing to lend you more, the loan amount vary from one person to another based on profile and the types of company you work for, employment history and saving history, stability of your residence represents a good character in your loan application.
Kotak bank offers collateral free loan with easy EMI options and lowest interest rate available. You need to have the proof for your employment and steady flow of income. By applying personal loan you can easily get away from financial hurdles while you get the funds to take care of your family commitments.
If you have a low credit score, you may be denied personal loan, even if you meet all other conditions. Generally we opt for persona loan close credit cards and secured loan for closing personal loans.
All the given details on the application will be verified, hence any one of them is incorrect and it is likely your application to be rejected.
Avail personal loan from 50,000 to 15 lakhs.
Flexible EMI options - Loan tenures ranging from 12 to 60 months for the salaried people
Quick approval on loans
Hassle free processing
No security and Collateral needed
Security, no collateral required
Best interest rate
Age Limit: 21 to 58 years
Employees employed in MNCs, Public sector limited and large private ltd companies
Income level - Net income of 25,000 after all the deductions
Educational Qualification: Minimum Graduate
Total work experience: Minimum 2 years
Years in City: Minimum 1 year
Personal Loan Interest Rates & Charges in India
Processing fee up to 2% of Loan Amount
Prepayment / Foreclosure charge - After 12 months
Documentation needed for Personal loan
Passport copy, Voters Id, Driving license
Passport copy, Voter’s Id
Rental agreement copy
Bank account statement for last six months
Latest IT return
Last 3 months pay slips and form 16
Self Employed Latest 2 Years IT and 6 Months Bank Statements