The loan is unsecured and has an easy application process to avail of the funds efficiently.

At Kotak Mahindra Bank, we provide instant personal loans anywhere from Rs. 50,000 to Rs. 40 lakhs. That too, at attractive interest rates starting from as low as 10.99% per annum. You can also enjoy a flexible tenure from 1 year to 5 years, allowing you to repay the loan comfortably.

Instant personal loans from Kotak Mahindra Bank can fulfill a wide range of your financial needs. We provide our borrowers with marriage loans, travel loans, loans for home renovation and medical loans to attend to emergencies. Upon application, if all your documentation is in place and you also meet the eligibility requirements, your loan can be disbursed in as less as 3 seconds.

The lender bank verifies the borrower’s creditworthiness to provide them with such loans. So, if you have a good credit score, then a personal loan can be your friend in need.

You can use a personal loan for a wide range of financial needs. Kotak Mahindra Bank lends personal loans for weddings, home renovations, travel and medical emergencies to name a few.

Kotak Mahindra Bank’s personal loan amounts range from Rs. 50,000 to Rs. 40 lakhs, with a flexible tenure of 1 to 5 years and an attractive interest rate starting from 10.99% per annum. That covers many of your financial needs and even allows you to repay the loan amount comfortably.

Apart from all these, Kotak Mahindra Bank offers efficient customer service, an easy application and document process and a quick loan disbursement.

The approval process is also quick. If you meet the eligibility criteria and submit all the required documents, then you can expect the approval on your personal loan application in as less as 48 hours. Our online application process allows quick disbursements, in just 3 seconds. You can even track your application status on the Kotak Bank website.

For quick approvals, make sure you go through the eligibility parameters and documentation list. Kotak Mahindra Bank has a simple eligibility requirement. Individuals in the age group of 21 and 60 years can apply. They must be graduates with at least one-year employment. Kotak Mahindra Bank expects a minimum documentation from the borrowers. You need to submit documents like application form, your photographs, proof of identity and residence, to name a few.

The lender will determine the borrower’s creditworthiness and then provide them with a personal loan.

You can improve your creditworthiness in various ways if you are planning to apply for a personal loan. Maintaining a good credit score is essential. Your credit history and credit score reflect your repayment ability. If the lender bank is convinced about your capacity to fully repay the loan, then they will lend you the necessary funds.

Kotak Mahindra Bank provides personal loans for various reasons like weddings, travel, renovations and medical emergencies depending on your needs. You can avail of a personal loan from us at attractive interest rates and for flexible tenures. Find out more about borrowing a personal loan from Kotak Mahindra Bank and fulfill all your financial needs.

 

It can be used to fulfill many of your day-to-day as well as emergency needs. Kotak Mahindra Bank provides the borrowers with loan amounts from Rs. 50,000 to Rs. 40 lakhs. So, whether your expenses are small or big, our personal loan can come in handy at the time of your need. You can plan that dream wedding with the help of Kotak Bank’s marriage loan. Or use our travel loan to rejuvenate at your favourite holiday destination. Renovate your home and transform your living space with a home renovation loan from Kotak Mahindra Bank. You can even take care of unplanned expenses such as medical emergencies with Kotak’s medical emergency loans. No need to dip into your hard-earned savings to meet your financial needs.

You can easily calculate Personal Loan interest rate using a Personal Loan calculator. You can easily calculate Personal Loan Interest Rate using a Personal Loan Calculator.

If taken while already in debt, it can have a negative impact. At the same time, its timely repayment will boost your overall score. If taken while already in debt, it can have a negative impact, while its timely repayment will boost your overall score.

Interest rates start from 10.99% p.a., and the personal loan charges are also low. You can use the personal loan EMI calculator to make the loan affordable. Moreover, the prepayment facility helps you reduce the loan burden whenever you have additional funds.

Please remember that, we only offer personal loans to salaried individuals. Please do keep in mind that certain institutions only offer personal loan to salaried individuals.

1. Proof of Identity
2. Proof of address
3. Salary slip/Bank Statement

● Proof of Identity

● Proof of address

● Salary slip/Bank Statement/Form 16 for Salaried individuals and Previous Year ITR/ P&L Statement and Balance Sheet/ Bank Statement for self-employed applicants

You just need to mention the existing loan details and the EMI. You can also opt for top-up home loans, which are like personal loans.

● Age: 21 to 60 years

● Qualification: Graduate

● Employment: minimum 1-year work experience with MNC/Public Limited/Private Limited Company

● Income: 

- Customers holding Salary Account with Kotak Bank: Rs. 25,000

- Customers who don’t have a Salary Account with Kotak Bank : Rs. 30,000

- Kotak group employees: Rs. 20,000

You can also check the status online by logging into your online banking account. 

It ranges up to 3% of the loan amount, plus applicable taxes. The same will be deducted from the loan amount at the time of disbursal.

This is allowed when you face an unavoidable financial crisis and cannot pay the loan on time. The lender might allow a repayment holiday and then ask you to pay a lump sum to write off the loan. This is called ‘settlement’.

‘Closed’ is when you pay the loan on time through regular personal loan EMI and the loan amount is completely paid off as stipulated.

‘Default’ is when you default on your personal loan EMI and don’t pay it on time.

● Check the loan eligibility

● Calculate monthly installments

● Approach your nearest Kotak Mahindra Bank branch or visit the official website to apply

● Submit documents