Celebrate Festive Season With Kotak's Personal Loan| Personal Loan Stories - Kotak Mahindra Bank
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16 OCTOBER, 2021

Festival means joy, happiness and get-together. It is also the time when you want to give gifts to your loved ones and make their festivals brighter. However, arranging the best gifts for the entire family can get expensive. What if your finances do not support it? Would you let the lack of funds dull the happiness and pomp of the festivals? Certainly not. A personal loan can save your day.

With Kotak Mahindra Bank's Personal Loan, you can make the wishes of your loved ones true this festive season. Here's how.

What is personal loan?

A personal loan is an unsecured loan that you can avail to fund your varied needs.

Benefits of availing a personal loan with Kotak Mahindra bank.

  • Easy eligibility

With easy eligibility criteria, it is a matter of few formalities to avail a personal loan. Follow the below given eligibility criteria:


Between 21-58 years of age




MNC, public or private limited company


Net salary of Rs 30,000 per month

Educational qualification


Work Experience

Minimum one year

  • Minimum documentation

You can avail a personal loan by furnishing minimum documents. The simple process and minimum documents make the processing of applications faster and uncomplicated. You need not arrange heavy paperwork or visit the bank branch to furnish them. You can simply upload the documents online while filing the loan application.

  • Quick approval and disbursal

Whether you plan to buy a designer outfit for the festive season at the last minute or want the latest gifts for your family, you need not wait for weeks to get the approval of your loan application. A personal loan with us is disbursed in a few hours once you meet the eligibility and furnish the documents. You need not visit the bank branch repeatedly or wait for months to get the loan amount. Moreover, if you opt for a pre-approved personal loan, you can get the loan disbursal within a few minutes.

  • Flexible repayment schedule

Once the festive season is over, you can comfortably repay the loan over the tenure. You can choose a tenure between 1 to 5 years for a personal loan and get an EMI that suits your financial viability.

  • No collateral

For availing a personal loan, you need not struggle to arrange for an asset for collateral. A personal loan is an unsecured loan and hence, requires no security. The lenders consider your creditworthiness and repayment capacity to approve the loan and not the collateral value as in other types of loans.

Lack of funds can restrict you from fulfilling the wishes of your loved ones. However, with a personal loan, nothing can stop you from celebrating the upcoming festive season with your family with pomp and joy. But, ensure that you borrow an amount that you can comfortably repay. It would be best to check your affordability with the personal loan EMI calculator and then apply.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.