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Kotak Bank Personal Loan Kotak Personal Loan

Kotak Mahindra Bank offers Personal Finance - the single expert source for all your financial needs. Unexpected expenses, education, wedding in the family, home improvement or that long awaited vacation. Kotak Mahindra’s range of Personal Loan can help.

Features and Benefits of Kotak Mahindra Personal Loan

• Available loans from Rs.50,000 - 20Lac
• Quick approval: With a Kotak Mahindra Bank Personal Loan, In as less as 72 hours you can turn your dreams into reality.
• Minimum Documentation & Simple free processing.
• Flexible repayment options: Our flexible loan tenors range from 12 - 60 months for salaried customers and from 12- 36 months for businessmen / professionals.
• Convenience of service at your doorstep: Our Loans are just a phone call away; you can fix an appointment with any of our representatives and they could assist you in all your loan formalities.
• Minimum Personal Loan Interest Rates.

Salaried Individuals Rate of Interest of Kotak Mahindra Personal loan
Instant Apply for Kotak Bank Personal Loan @ Lowest Rates
Loan Amount
Employment Status

Current interest rates on Kotak Bank Personal loans - December, 2016

CAT A CAT B Others Pre Payment
Charges
Processing
Fees
11.49% - 13.25%
(For Special Companies)
14.25%
(Salary above 45,000)
15.35%
(Salary 30,000 - 45,000)
16%
(Salary 20,000 - 30,000)
11.49%
(Special Rates for Loan Amount above 15 lakhs)
11.49% - 13.25%
(For Special Companies)
16%
(Salary 20,000 - 30,000)
15.35%
(Salary 30,000 - 45,000)
14.70%
(Salary above 45,000)
11.49%
(Special Rates for Loan Amount above 15 lakhs)
15.65%
(Salary above 95,000)
16.65%
(Salary 60,000 - 95,000)
17.65%
(Salary 40,000 - 60,000)
20.15%
(Salary below 40,000)
Zero (if loan Amount is more than 10 lakhs) Else 5% Rs.999 - 2%
 

Good News for new borrowers, Now Kotak bank offers zero processing fees on till 16 August 2016. If we look at the benefits it helps you save in around 2.00% of the loan amount. So don’t wait login your file with kotak bank to get the benefits of this scheme before 16 August 2016.

Festive Offer : Get gifts upto Rs 18,490 on disbursal.
Refer to T&C - www.deal4loans.com/personal-loan-offers.php
Salaried Individuals Rate of Interest of Kotak Mahindra Personal loan
Eligibility Criteria for Kotak Bank Personal Loan
Age of Applicant Min-23 years (listed companies), 24 years (non-listed companies).
Max-58 years, 60 years (with proof of retirement).
No. of years in employment 2 years & above
Current Experience 1 year & above
Net Monthly Income Rs. 25,000/- & above (listed companies)
Rs. 40,000/- & above (non-listed companies).

Loan Amount of Kotak Bank Personal Loan
Minimum Funding Rs. 50,000/-
Maximum Funding Rs. 20,00,000/- (listed companies) ,
Rs. 10,00,000/- (non-listed companies)

Loan Tenure offered by Kotak Bank
Minimum Tenure 1 yr
Maximum Tenure 5 yrs

Turn Around Time of Kotak Bank Personal Loan
Salary below Rs. 75,000 2 working days (48 hours)
Salary above Rs. 75,000 7 working days

Processing Fee of Kotak Bank Personal Loan
Processing fee Rs.999 - 2%

Prepayment Charges of Kotak Bank Personal Loan
Foreclosure Charges Nil for Loan Amount above 10 Lakhs else 5%

Salary available for making EMI’s
Above Rs. 25,000 p.m 50% of salary is considered

Documents Required for Kotak Bank Personal Loan
Identity Proof Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification
Age Proof PAN Card/ Passport/ Driving School leaving certificate/ Voter’s card/ BirthCertificate/ LIC policy (only for age Proof).
Address Proof Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements)
Income Proof Latest salary slip/current dated salary Certificate with latest form 16
Job Continuity Proof Form 16/relieving letter/appointment Letter (for last two months)
Banking History Bank statements of latest 2 months/ 3 months bank passbook

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

Know the Rate of interest charged by major banks for Personal Loan
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