Personal Loan - Apply for Personal Loan in Chennai at Low Interest Rates

Features and advantages

Chennai, formerly called as Madras, has a rich cultural heritage. It is one of India’s oldest cities in India and is known for its thriving culture and art scene. This city has so much to offer in terms of research institutes, beaches, colleges, theatres, and much more. It is the birthplace of South Indian cinema. Moreover, the city has been rated as the safest city in India for women, according to a report from the National Crime Archives, by beating other popular cities in the country. It, therefore, comes as no surprise that many individuals wish to settle down in Chennai and fulfill their dreams and aspirations at the 'Detroit of South Asia.'

In case you are a resident of Chennai, you will be pleased to know that Kotak Mahindra Bank offers personal loans to Chennaites. A personal loan does not mandate a collateral and hence is also known as an unsecured loan. You may borrow this loan to meet any of your financial needs, whether it is a medical emergency, funding an international trip, remodeling your home, funding wedding expenses, or pursuing higher education. With such a finance option available at your perusal, you may fulfill your responsibilities and dreams quite easily.

Personal loans in Chennai

Applying for a personal loan in Chennai may entail stringent pre-requisites and extensive documentation, making it a cumbersome task. Arranging for this while living a hectic life in a metropolitan city may be troublesome. To ease your worry, you may consider borrowing from us, at Kotak Mahindra Bank.Borrowing a personal loan from Kotak Mahindra Bank is a lot easier, convenient, and quicker. We provide quick approvals and disburse the amount immediately to help you meet your financial needs easily.

Features and advantages

Kotak Bank prides itself in offering a plethora of features and benefits to customers. Following are major features of a personal loan from Kotak Mahindra Bank.

Instant loan from INR 50,000 to INR 20 lakhs
Flexible repayment options
Attractive interest rates
Minimal paperwork

Check your eligibility to apply for personal loan in Chennai.

Eligibility criteria

In order to borrow a personal loan in Chennai from Kotak Bank, it is necessary to meet the eligibility criteria. Following is the checklist of criteria to fulfil while borrowing a personal loan in Chennai.

Indian residents with a minimum age of 21 years and maximum age of 58 years
Individuals employed at MNCs, public, or private limited companies
Minimum net monthly salary of INR 20,000
Minimum educational qualification - graduate
Minimum of one-year residence in Chennai
Minimum one-year of work experience

Check the list of required documents to apply for personal loan in Chennai.

Required Documents

While submitting your application form, it is imperative to submit the necessary supporting documents. Basic paperwork required for borrowing a personal loan in Chennai are as follows:

One photograph
Identity proof
Residence proof
Signature proof
Ownership proof
Age proof
Bank account details
Income details

Meeting your responsibilities and aspirations becomes easy with a personal loan. You may, therefore, borrow a personal loan in Chennai and meet your credit requirements rather easily.

Check the features and benefits of applying for personal loan in Chennai.