Yes, it is possible to change the Installment date. The dates are available between 2nd and 10th of every month.
PDC's need to be swapped at least 7 working days pre/7 working days post the Installment date.
You need to do the followings:
You can download your statement of account for free.
Please follow the below procedure:
Please follow the below procedure:
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal of your personal loan within 48 hours provided everything is in order. All loan approvals are at the sole discretion of the bank.
You can apply for a personal loan by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://rcasprod.kotak.com/personal-loan?source=website&banner=ProductPageApplyonlineTab.
Please Note: The same would be subject to approval.
Personal loan is capable of fulfilling all your emergency and unplanned financial needs. Apply for a personal loan and get quick access to funds to finance your expenses with ease.
You can apply for a personal loan by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
You can apply for a personal loan by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
We have attractive interest rates starting from 10.25% p.a. Interest rates would differ basis customer profile.
You can apply for a personal loan by following the below steps:
On Mobile banking
Go to Apply Now Personal Loan (If eligible)[RA1]
On Net Banking
Or
By simply clicking.
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
In order to view the Loan Application Status, please click https://www.kotak.com/j1001card/CardStatus/Main.jsp
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
For further queries, please call our helpline number 1860 266 2666 (Standard call charges applicable) 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday)
The following documents are required for applying for a personal loan:
The documentation requirement for Kotak Personal Loan is based on your profession, income and loan requirement.
Please Note: The same would be subject to approval.
Yes. Life is as unpredictable as it gets. Our easy Top Up on Personal Loan helps you meet the new expenses with no worries.
To apply simply SMS 'PLTOPUP' to 5676788.
Or
By calling our helpline number 1860 266 2666 (Standard call charges applicable) 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday)
Please Note: The same would be subject to approval.
Personal Loan EMI calculator helps you to determine the monthly instalment to be paid. You can input the personal loan amount and tenure in the EMI calculator to see the EMI that you have to pay towards your personal loan amount.
Please click https://www.kotak.com/en/personal-banking/loans/personal-loan/personal-loan-emi-calculator.html to view the calculator.
Once you get approved for a personal loan, the amount would get electronically transferred into the salary account that is mentioned on the salary slip at the time of documentation.
The minimum salary required to apply for a personal loan is a net Salary of Rs.25,000/- per month for Corp Sal (Salary with Kotak) , A net Salary of Rs.30,000/- per month for Non-Corp Sal (Salary with other bank) , A net Salary of Rs.20,000/- per month for Kotak Employee.
You can apply for a personal loan by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
The maximum tenure available with kotak is 60 months.
To apply for a personal loan you can do so by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
The minimum tenure available with kotak is 12 months.
To apply for a personal loan you can do so by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
The eligibility to avail Personal loans is, all Indian residents who are employees of either MNCs, Public and Private limited companies with a minimum age of 21 years and maximum age of 60 years are eligible for a personal loan.
The other criteria is as below:
You can apply for a personal loan by following the below steps:
On Mobile banking
On Net Banking
Or
By simply clicking https://kudosdigital.kotak.com/vivid/vividflow/run/personal_loan?ProductID=152&ProductCategoryID=143&Channel=33
Please Note: The same would be subject to approval. The time frame for the personal loan is 10 working days if approved.
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal of your personal loan within 48 hours provided everything is in order. All loan approvals are at the sole discretion of the bank.
For further queries, please call our helpline number 1860 266 2666 (9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday).
Please Note: Prepayment may be allowed by the bank at any time after lock-in period for 12 months
In order to foreclose the personal loan, all you need to do is by informing us on our helpline number 1860 266 2666 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday) You need to submit the full prepayment amount via NEFT/RTGS or submit cheque by visiting any bank branch at least 7 working days before the next personal loan instalment date.
Following are the procedures:
A personal loan is a useful financial product and can help you meet a range of financial requirements. You can borrow an amount that ranges from INR 50,000 to INR 20,000,00. However, the total amount that you can avail will depend on the eligibility criteria required to obtain a personal loan.
Kotak Bank offers a loan tenure that ranges from 1 to 5 years. The wide tenure range offered helps you in planning your financial goals more effectively. Depending upon your short or long term financial plan, you can pick a suitable loan tenure.
A pre-approved loan is one that is offered to select customers. Typically, the process is quicker and the loan is disbursed instantly. The process of applying for a personal loan is very simple.
Typically bank offers top up loans on your existing personal loan. Aspects such as your credit history and repayment capacity are taken into consideration when a personal loan is sanctioned. A personal loan can be availed as long as the essential aspects meet the requisites laid out by the Bank.
A personal loan top-up reduces the hassle of undergoing a new personal loan procedure. It can be availed post 9-months of the disbursed date of the primary personal loan. You can avail a top up by:
Yes, a personal loan can be closed early or before the maturity of the loan. The pre-closer procedure can be carried out by contacting the Bank or visiting the physical branch of the Bank. The Bank will grant the customer a notice period of 3 days before the foreclosure statement is issued.
Kotak Bank gives you the option of foreclosing your loan before the maturity date. As a borrower, you make the repayment of your loan in full to close your loan account before the completion of the stated tenure. A personal loan can be foreclosed post completion of payment of a total of 12 EMI payments. The Bank only accepts the foreclosure application post completion of the stated number of EMI’s along with 3 days of mandatory foreclosure intimation period.
Yes, you will incur foreclosure costs when pre-closing a personal loan. Additionally, GST is levied on the foreclosure charge. As part of the pre-closure process :
It is extremely easy to change the mode of repayment for a personal loan. You need to Inform us on our helpline number 1860 266 2666 (Local call rates applicable) 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday) and provide essential details to undertake the swap. You will have to pay certain charges levied for the change in mode. The charges include a sum of INR 500 per instance, GST and applicable statutory levies.
Kotak bank streamlines the process of paying your personal loan EMI. The payment can be made through standing instructions from your Kotak Bank’s savings/salary account, postdated cheques or NACH mandate to deduct the EMI from non Kotak savings/salary account.
To get an estimate of your monthly EMI on a personal loan, you can use the online personal loan EMI calculator. It helps you know of the monthly payments that you will have to drive towards fulfilling the repayment of your personal loan. It is fairly simple to use, all you have do is enter the personal loan amount, the term for repayment and interest rate before clicking on the calculate button.
The bounced personal loan EMI can be made via the usual payment options available. However, the Bank will charge you an overdue interest. A fee of 3% p.m. is compounded on the unpaid due amount. It is calculated from the date of the amount falling due to the date that the actual payment is made.
In the case that the Personal loan applicant has a lacking repayment capacity, the Bank requires a guarantor. A guarantor is an individual who is registered by the Bank to support an applicant’s appeal for a loan. In an event where the applicant defaults with the payment, the same is expected to be fulfilled by the guarantor.
Viewing your personal loan account will offer you clarity on all its related aspects. You can find your personal loan account number by logging into Kotak Bank Net Banking or Mobile Banking. Once you log into your account, click on the tab stating “Installment Loans” on the Net Banking portal or “Loans” Tab in the Mobile banking portal.
The maximum personal loan amount is the total amount that the Bank allows you to avail as an eligible applicant. It is determined by an underwriter by taking in the combination of factors that are reviewed before the same is decided upon. The different aspects considered include the fixed obligation income ratio, credit score, credit history and the overall financial profile of the borrower. Final decision is at the sole discretion of the Bank.
A personal loan can be availed by an active employee of an MNC, Public or Private limited company. The applicant has to be between the age of 21-58 years. The criteria considered by the bank for a personal loan sanction include:
The rate of interest that you pay on your personal loan throughout the tenure remains fixed throughout your tenure period. You will be charged a consistent amount in interest throughout the loan repayment tenure.
At the time of applying for a personal loan, you are charged a certain amount in the form of a processing fee. This fee is used to fulfil the cost incurred by the bank for processing of the loan amount and all the related costs. A charge of up to 2.5% of the total loan amount is levied as a processing fee. Additionally, GST and applicable statutory is charged
You can make the full prepayment of your Kotak personal loan by informing us on our helpline number 1860 266 2666 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday). You need to submit the full prepayment amount via NEFT/RTGS or submit cheque by visiting any bank branch at least 7 working days before the next personal loan instalment date
As part of your personal loan foreclosure charges, here are some details that you must know:
The welcome letter for your personal loan will be sent to you via email r post loan disbursement.
For further queries, please feel free to reach us at our helpline number 1860 266 2666 (Standard call charges applicable) 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday)
Yes, Kotak bank allows you to change your personal installment date. A charge of INR 500 is levied per swap. Additionally, there is GST and applicable statutory levied.
Amortization of a personal loan involves getting a spread out of the loan depicting the different series of fixed payments to be made over time. It lets you view a detailed table of the loan repayments that you must make. The bifurcations of the total principal amount with the charged interest as part of the EMI gives you a clear idea of where your money is directed. The amortization sheet can be obtained by calling our helpline number 1860 266 2666 (Local call rates applicable) 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday)
Kotak Bank offers a convenient document pickup service at your doorstep. The process is simple and you have to call or visit the Bank website to fix an appointment with a Bank’s representative. The representative will assist you with your formalities and arrange for a pickup of your documents at your doorstep.
Closing a personal loan with Kotak Bank is a simple process. The steps to follow include:
At the time of your personal loan closure, you can request a No Due Certificate (NDC). A NDC is a document in which the Bank states that you have fully repaid your loan along with the interest amount. To apply for a NDC, you can request for one when the loan account is closed via call center or visit the Bank or loan branch. A bank representative will help you with a NDC that includes all the requisite details.
Kotak Bank ensures ultimate security of the information provided by you at the time of applying for a personal loan. You can be rest assured that your personal data and documentation are safeguarded by the Bank.
