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Be it a lunch bill or taking a family vacation, women want to equally contribute towards every expense. A personal loan for women enables them to become financially independent. With a personal loan women can cover many expenses like weddings, travel, education and even financial emergencies. A women loan can also help them plan their finances better. Kotak Mahindra Bank’s personal loan for women is lucrative with many attractive features.
The application process to get a personal loan for women from Kotak Mahindra Bank is simple and quick:
Upon successful application and approval your loan will be disbursed. In case you are pre-approved for a personal loan, your loan can be disbursed in 3 seconds.
Collateral-free personal loan for women
Easy application, minimal documentation
Repayment tenure from 12 to 60 months
Loan amount from Rs. 50,000 to Rs. 40 lakhs
Personal loan for women starts at 10.99% p.a.
Kotak Bank offers a lucrative personal loan for women. Women borrowers need to fulfill the personal loan for women requirements.
Personal loan eligibility criteria:
Particulars |
For Salaried |
Age |
21-60 years |
Education |
Graduation |
Employment Type |
MNC, Public Limited, Private Limited |
Salary |
Existing Kotak Bank Customers holding orate Salary Account: Rs. 25,000 Existing Kotak Bank Customers without Salary Account Kotak Employees: Rs. 20,000 |
Experience |
1 year |
Visit our personal loan eligibility page to know more
Kotak Bank offers a lucrative personal loan for ladies. The personal loan interest rate is affordable too. Take a look at what rate is applicable for personal loan for ladies.
Women borrowers can apply for a personal loan from Kotak Bank with minimal documentation. The documents required for personal loan are as follows:
Loan tenure for personal loan for women from Kotak Mahindra Bank is 12 months to 60 months, that is from 1 year to 5 years.
A personal loan for women is an unsecured, multi-purpose loan. Women borrowers can use a personal loan for various reasons like a wedding, education, travel or vacation, medical emergencies, renovating the house and buying a vehicle to list a few.
With Kotak Mahindra Bank’s instant in-principle approvals women borrowers can get a personal loan for women in as less as 3 seconds, provided your documentation and application is as required.
When applying for a person loan for women from Kotak, these minimum monthly income requirements need to be kept in mind:
- Existing Kotak Bank Customers holding Corporate Salary Account: Rs. 25,000
- Existing Kotak Bank Customers without Corporate Salary Account: Rs. 30,000
- Kotak Mahindra Bank’s employee: Rs. 20,000
Homemakers can get a personal loan if they have a salaried employee, that is, the father, husband or son, as their co-applicant. The loan approvals happen based on the co-applicant’s monthly income. Personal loan for women from Kotak Mahindra Bank is a lucrative alternative when you are looking to borrow.
Yes, women borrowers can avail of a personal loan at a comparatively lower interest rate. A lower interest rate reduces the overall repayment amount, encouraging women to become financially independent.
CIBIL Score is an important eligibility factor when getting a personal loan. To improve the CIBIL Score women can focus on regular bill payments, clearing the dues in a timely manner and maintaining a healthy and clean financial track record.
The need for a guarantor rises in different kinds of situations. Some of the major reasons can include:
- Necessary requirement as per the lending bank’s rules and regulations
- Poor CIBIL score
- Lack of required academic qualifications
- Job instability
- Unstable income
Kotak Mahindra’s Personal Loan EMI Calculator is at your service. All you have to do is enter some details:
- Loan amount
- Desired interest rate
- Repayment tenure
The calculator instantly displays your monthly EMI, interest amount and total loan amount payable.
Women borrowers can enjoy a reduced interest rate on personal loans. Personal loan fees and charges at Kotak Mahindra Bank are quite nominal. Moreover, the lucrative loan features make the overall deal affordable for all borrowers, including the women applicants.
Personal loan balance transfer helps to reduce your financial stress as your existing loan with higher interest rate is transferred to another lender providing a lower interest rate. However, apart from a reduced interest rate, women get no extra benefits.
Page also available in: हिन्दी - Hindi
