Agents Login    About Us   Blogs   Loans in India   Media Coverage   Contact Us   Insurance Deals
Home > Compare Personal loan Banks > Kotak 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 - 50 lakh
• 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.

Kotak Mahindra Banks also provides services in Business Loans, Home Loans, Credit Card, fixed deposit, insurance and Loan Against Property.

Salaried Individuals Rate of Interest of Kotak Mahindra Personal loan

Compare Kotak Mahindra Personal Loan| Interest Rates | Eligibility

Professional Details
Loan Amount:
Occupation:
Annual Income:
City:
Current interest rates on Kotak Bank Personal loans - September, 2014
CAT A CAT B Others Pre Payment
Charges
Processing
Fees
13.60%
(For Special Companies)
14.15%
14.70% 14.50% - 18% 5% 2%
 
Festive Offer : Get gifts upto Rs 17200 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 (listed companies)
3 years & above (non-listed companies)
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. 15,00,000/- (listed companies) ,
Rs. 10,00,000/- (non-listed companies)

Loan Tenure offered by Kotak Bank
Minimum Tenure 12 months
Maximum Tenure 48 - 60 months (listed companies) 36 months (non-listed companies)

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 2% of loan amount

Prepayment Charges of Kotak Bank Personal Loan
Foreclosure Charges 5% of outstanding principal (Can be foreclosed after 6 months only)

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

 
ICICI Personal Loan
    Home    Product Articles     Help Articles      Advertise With Us      Site Map      Terms of Use    Testimonials    Newsletter    Privacy Policy
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More
DMCA.com
© Copyright 2013, Deal4loans, India