Small Loans
Guide to better personal finance
4 Reasons why you must use online personal loan EMI calculator
4 Major benefits of using online personal loan EMI calculators over manual computations
Adopt these 4 strategies to obtain the lowest personal loan interest rate
Key Benefits of Applying For a Personal Loan in Top Cities. Know Here!
Documents required for personal loan:
- Identity: PAN/Passport/Aadhaar/Voter’s ID Card/Driving License
- Residence: Passport/Utility Bills/Leave and License Agreement
- Income: Last 3 months’ Bank Statements/Salary Slips
Small loan eligibility for students:
- Must be Indian citizens
- No age restriction
- Minors to apply with a co-applicant above 21 years of age
- Enrolment for eligible courses only
Kotak Mahindra Bank provides Small Loan Finance to applicants with a credit score of 700 and above. A higher credit score solidifies your chances of getting the small personal loan.
Minimum income requirement to avail a small loan from Kotak Mahindra Bank is:
Corp Salary Borrowers: Rs. 25,000
Non-corp Salary Borrowers: Rs. 30,000
Kotak Employees: Rs. 20,000
Calculate your EMIs using Kotak’s Personal Loan EMI Calculator. Enter the following details:
- Loan Amount
- Loan Tenure
- Preferred Interest Rate
The calculator displays monthly EMIs, interest and total amount payable.
Kotak Mahindra Bank’s convenient processes are fast and help you to get an in-principle approval in as less as 3 seconds. Disbursement is also quick if your documentation is appropriate.
