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For Kotak Bank Customers
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Guide to better personal finance
What to Consider When Taking a Second Personal Loan
The Role of Debt Consolidation in Managing Financial Stress
How to Choose Between Fixed and Floating Interest Rates for Personal Loans
How to Secure the Best Interest Rates Even with an Average Credit Score
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.
