₹9 Lakh Personal Loan - EMIs Starting as low as 10.99%

Apply for Rs. 9 Lakh Personal Loan in India

Loan Amount

Interest Rate (% P.A.)

Tenure (Years)

is your monthly EMI

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Get Personal Loan for Rs. 9 Lakh

Secure a Rs. 9 Lakh Personal Loan instantly with Kotak Mahindra Bank and achieve your financial goals without the delay. Whether you're looking to fund your child's education, plan a wedding, or consolidate debt, our Personal Loan solutions are designed to provide quick financial assistance with minimal hassle.

Why Opt for a Personal Loan?

Choosing a Personal Loan from Kotak Mahindra Bank is ideal for covering substantial expenses without hampering your savings. Benefit from competitive rates and flexible repayment options, making it easier to manage your finances without stress.

Key Features and Benefits of a Personal Loan

When you choose Kotak Mahindra Bank for a Rs. 9 Lakh Personal Loan, you get a host of benefits designed to make your borrowing experience stress-free. Here’s how we ensure your loan works for you.

Quick loan approval and fund disbursement
Attractive interest rates for cost-effective borrowing
Flexible loan tenures of up to 6 years
Simplified documentation process
No collateral required
Balance transfer options available

Eligibility Criteria for Rs. 9 Lakh Personal Loan

While our eligibility criteria are very standard, meeting these requirements speeds up the approval process and enhances your chances of securing the loan on favourable terms.

Ensure a smooth application process by meeting the following criteria:

Eligibility Criteria	Requirement
Citizenship	Must be an Indian citizen
Nature of employment	Employed with an MNC, public limited company, or private limited company
Age	Individuals aged between 21 years and 60 years are eligible.
Minimum monthly income	For a Kotak Bank Salary Account holder: Minimum net monthly income of Rs. 25,000 For a non Kotak Bank Salary Account holder: Minimum net monthly income of Rs. 30,000 For Kotak Bank Employees: Minimum net monthly income of Rs. 20,000
Credit history	CIBIL score of 750 or higher
Minimum educational qualification	Graduation / Diploma
Work experience	Applicants must possess at least one year of work experience.

Interest Rates & Charges for a Personal Loan

Understanding the costs associated with borrowing is key to financial planning. Kotak Mahindra Bank offers competitive interest rates and clear charges to ensure that getting out a Personal Loan is as affordable and transparent as possible.

Personal Loan Credit Facilities	Interest Rate and Charges Applicable
Interest Rates for Personal Loan	Starting at 10.99% per annum
Loan Processing Charges (Non-refundable)	Up to 5% of the final loan amount plus taxes
Pre - Payment Charges	1. For loans disbursed on or before - 1st February 2020 - Part Pre payment is not allowed 2. For loans disbursed after 1st February 2020 -Post completion of 12 months - Part-Prepayment is allowed up to 20% of Principal loan outstanding. 3. It is allowed only once per financial year. 4.Payment of Rs. 500 + taxes to be made for every instance of pre-payment
Repayment Mode Swap Charges	Rs. 500 + Taxes per instance
EMI dishonour/Bounce charges	Rs. 750 + Taxes per instance

Documents Required for a Personal Loan

Securing a Rs. 9 Lakh Personal Loan from Kotak Mahindra Bank requires a set of standard documents that verify your identity, residence, and income. Having these documents ready can significantly ease the application process, ensuring you can access your loan funds quickly.

Document Type	Examples
Identity Proof	Aadhaar Card, PAN Card
Address Proof	Utility Bills, Passport
Income Proof	Salary Slips, Bank Statements

9 Lakh Personal Loan EMI for Different Tenures

Understanding the potential monthly repayments for your Rs. 9 Lakh Personal Loan is crucial in managing your finances. Use this table to plan your repayments effectively.

Loan Amount	Interest Rate (p.a.)	Tenure (Years)	EMI
Rs. 9,00,000	10.99%	1	Rs. 79, 539
Rs. 9,00,000	10.99%	2	Rs. 41, 943
Rs. 9,00,000	10.99%	3	Rs. 29, 461
Rs. 9,00,000	10.99%	4	Rs. 23, 257
Rs. 9,00,000	10.99%	5	Rs. 19, 564
Rs. 9,00,000	10.99%	6	Rs. 17, 126

How to Use a EMI Calculator for Rs. 9 Lakh Personal Loan

Planning your finances for a Rs. 9 Lakh Personal Loan is easy with Kotak Mahindra Bank's EMI calculator. This tool offers a clear breakdown of your monthly repayments, allowing you to budget effectively before committing to the loan.

Enter the loan amount
Choose the loan duration
Input the expected interest rate

How to Apply for a Personal Loan

Applying for a Rs. 9 Lakh Personal Loan at Kotak Mahindra Bank is simple. By following a few simple steps online, you can submit your application and get fast approval, making the journey towards securing your loan as smooth as possible.

Go to the Personal Loans section
Fill out the online application form
Submit the required documents for verification
Await quick loan approval

What is the interest of 9 Lakh?

For a Rs. 9 Lakh Personal Loan from Kotak Mahindra Bank, the interest starts from 10.99% per annum. This competitive rate ensures that your repayments are affordable, helping you to manage your loan without putting undue pressure on your financial health.

What is the minimum salary for a Rs. 9 Lakh Personal Loan?

To qualify for a Rs. 9 Lakh Personal Loan at Kotak Mahindra Bank, you need a minimum monthly income of Rs. 25,000. This threshold ensures that borrowers have adequate financial bandwidth to manage the loan repayments effectively.

Are there any prepayment fees & charges for a Rs. 9 Lakh Personal Loan?

Kotak Mahindra Bank may charge prepayment fees depending on the terms of your loan agreement. It's important to review your loan terms for any applicable charges to strategically plan your finances when considering early loan repayment.

Apply for Rs. 9 Lakh Personal Loan in India

Get Personal Loan for Rs. 9 Lakh

Why Opt for a Personal Loan?

Key Features and Benefits of a Personal Loan

Eligibility Criteria for Rs. 9 Lakh Personal Loan

Interest Rates & Charges for a Personal Loan

Documents Required for a Personal Loan

9 Lakh Personal Loan EMI for Different Tenures

How to Use a EMI Calculator for Rs. 9 Lakh Personal Loan

How to Apply for a Personal Loan

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Frequently Asked Questions

What is the interest of 9 Lakh?

What is the minimum salary for a Rs. 9 Lakh Personal Loan?

Can I make part-payments on my Rs. 9 Lakh Personal Loan?

Are there any prepayment fees & charges for a Rs. 9 Lakh Personal Loan?