Types of Personal Loans
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Personal loan requires no collateral, and that’s why it is an unsecured loan. It can be used to fulfill many of your day-to-day as well as emergency needs. Kotak Mahindra Bank provides the borrowers with loan amounts from Rs. 50,000 to Rs. 40 lakhs. So, whether your expenses are small or big, our personal loan can come in handy at the time of your need.
Personal Loan interest rate is the amount a lender charges you every month for borrowing money from them. You can easily calculate Personal Loan interest rate using a Personal Loan calculator.
To get a Personal Loan immediately, apply online. Securing a Personal Loan online swiftly is a hassle-free process with Kotak Mahindra Bank. Here are the steps.
1. Visit Our Website/App: Visit the Kotak Mahindra Bank website or mobile app, go to the Personal Loan section and click Apply Now.
2. Fill in the Application: Complete the online application form by entering your personal and financial details.
3. Document Submission: Upload the necessary documents digitally. This convenience speeds up the verification process.
4. Instant Approval and Disbursal: Our efficient evaluation process allows instant approval. After approval, the loan amount is disbursed to your account, often within a few hours.
Before applying, use our Personal Loan EMI Calculator to calculate your EMIs based on the loan amount, tenure and interest rate.
A personal loan can impact your CIBIL score for personal loan either negatively or positively. If taken while already in debt, it can have a negative impact. At the same time, its timely repayment will boost your overall score.
Kotak Mahindra Bank’s personal loan is available within the shortest possible time, and the documentation is minimal and hassle-free.
Yes, Kotak Mahindra Bank offers the convenience of pre-approved Personal Loans for our existing customers, even without the need for a salary slip.
If you urgently need financial assistance, Kotak Mahindra Bank's mobile banking Personal Loan app is the solution you're looking for to secure an instant Personal Loan quickly. Let's see how it works.
1. Quick Application: Our mobile banking Personal Loan app eases your loan application process, allowing quick application submission directly from your smartphone.
2. Instant Decision Making: Our mobile banking app is engineered to provide instant Personal Loan decisions, leveraging advanced algorithms to assess your application in real-time and offer immediate approval.
3. Simplified Documentation: Our mobile banking app minimises the hassle by reducing the documentation required for loan approval, facilitating quicker verification.
4. Rapid Disbursal: Upon approval, the loan amount is swiftly disbursed into your account, ensuring you can access the funds you need without delay.
Since it requires no collateral, you can apply for a small loan through a simple online process. Please remember that, we only offer personal loans to salaried individuals.
