₹50,000 Personal Loan on Aadhaar Card - EMIs Starting as low as 10.99%
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₹50,000 Personal Loan on Aadhaar Card

₹50,000 Personal Loan on Aadhaar Card

Loan Amount
Interest Rate (% P.A.)
Tenure (Years)

Apply for ₹50,000 Personal Loan on Aadhaar Card Online

Are you looking to sort out a quick financial need? If you're eyeing a straightforward and quick way to get a bit of cash, a ₹50,000 Personal Loan on Aadhaar card might just be what you need.

Kotak’s ₹50,000 Personal Loan on Aadhaar Card has been designed to meet your urgent financial needs without the complications associated with traditional loans. This loan comes with quick approval, attractive interest rates, and flexible EMI options to provide a seamless borrowing experience.

When you apply for ₹50,000 Personal Loan on Aadhaar Card online with Kotak, you are guided by the transparency and customer-centric policies of the bank. These loans are designed to meet your urgent financial needs without the complications associated with traditional loans.

₹50,000 Personal Loan on Aadhaar Card: Key Features and Services

Going through the financial path for urgent cash needs has never been easier, thanks to the streamlined ₹50,000 Personal Loan on Aadhaar Card from Kotak Mahindra Bank. Here's why it stands out:

Each feature is crafted with the customer's convenience in mind, ensuring you get the financial support you need without any unnecessary stress.

List of Document Requirements for ₹50,000 Personal Loan on Aadhaar Card

To streamline your application for a ₹50,000 Personal Loan on Aadhaar Card, Kotak Mahindra Bank has simplified the documentation process. You're only a few steps away from securing your loan, provided you have the necessary documents ready. This preparation ensures a smooth and swift verification process, allowing us to assess and approve your loan application quickly.

Document Type Description
Identity Proof Aadhaar Card
Address Proof Aadhaar Card/Utility Bill
Income Proof Bank Statement/Salary Slips

₹50,000 Personal Loan on Aadhaar Card - Interest Rates and Charges

Understanding the interest rates and charges associated with your ₹50,000 Personal Loan on Aadhaar Card is essential for managing your finances effectively. Kotak offers competitive rates and transparent charges, ensuring a fair deal. This clarity helps in planning your repayments and ensures no surprises.

Interest Rate Starting at 10.99% per annum
Processing Fee Up to 3% of loan amount + Applicable Taxes
Pre-payment Charges ₹500 + taxes for every instance of pre-payment
Repayment Mode Swap Charges ₹500 + Taxes for every instance
EMI Bounce Charges ₹500 + Taxes for every instance

EMI for ₹50,000 Personal Loan on Aadhaar Card for Tenures of 1-6 years

Choosing the suitable tenure for your ₹50,000 Personal Loan on Aadhaar Card is key to managing your financial health. Kotak Mahindra Bank offers flexible tenure options, allowing you to select a repayment plan that best suits your financial situation. The choice is yours if you prefer a shorter time to clear the loan quickly or a longer one to reduce the monthly EMI.

Loan Amount Interest Rate (per annum)* Tenure (years) EMI

₹50,000

10.99%

1 ₹4,418
2 ₹2,330
3 ₹1,636
4 ₹1,292
5 ₹1,086
6 ₹951

Eligibility Criteria for ₹50,000 Personal Loan on Aadhaar Card

Meeting the eligibility criteria is the first step towards securing a ₹50,000 Personal Loan on Aadhaar Card from Kotak Mahindra Bank. We have set straightforward eligibility requirements, making it easier for a wide range of customers to apply for a loan. These criteria are designed to assess your repayment capacity and ensure taking a loan is in your financial interest.

Criteria Eligibility Requirement
Nature of Employment Employed with an MNC, public limited company, or private limited company
Age Applicants should be aged between 21 years and 60 years
Minimum Monthly Income - For Kotak Bank Salary Account holders: Minimum net monthly income of ₹25,000 

 

- For non-Kotak Bank Salary Account holders: Minimum net monthly income of ₹30,000 

Minimum Educational Qualification Graduation is a prerequisite
Work Experience Applicants must possess at least one year of work experience

How to Apply for ₹50,000 Personal Loan on Aadhaar Card?

Securing a ₹50,000 Personal Loan on Aadhaar Card from Kotak Mahindra Bank is a streamlined process. If you're looking to address your financial needs swiftly, here's a step-by-step guide to go through the application process with ease:

  1. Initiate the Application: Visit the Kotak Mahindra Bank website, where financial solutions are just a few clicks away.
  2. Application Submission: Locate and click the ‘Apply Now’ button to begin your journey towards financial freedom.
  3. Enter Details: Provide your personal and financial information. This step is important for the bank to assess your eligibility for the loan.
  4. Document Upload: Upload the necessary documents required for the loan. This process is made simple and secure, ensuring your information is protected.
  5. Await Approval: After submission, your application is reviewed quickly. Kotak prides itself on efficient turnaround times.
  6. Loan Disbursal: Once approved, the loan amount is directly credited to your account, ensuring you have the funds when needed most.
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Frequently Asked Questions

Can I get a loan on my Aadhaar Card?

Yes, you can get a Personal Loan just with your Aadhaar Card. It's easy and fast.

What is the EMI for a ₹50,000 loan?

The Personal Loan EMI for a ₹50,000 loan varies with tenure and interest rate. You can use the Personal Loan EMI Calculator to calculate your instalment amount.

How to get ₹50,000 instantly?

Applying online with your Aadhaar Card can get you ₹50,000 quickly, especially for urgent needs.

How is the loan amount determined?

The loan amount is based on your Personal Loan eligibility, including your income and other factors.

How long does it take to get a Personal Loan approved?

The approval for a Personal Loan of up to ₹5 Lakh can be in less than 30 minutes, depending on your document submission and eligibility.

Are there any additional charges or fees?

Yes, there might be a processing fee and other charges, typically up to 3% of the loan amount.