16 DECEMBER, 2021

Shifting to a new city can be exciting as well as stressful. While the thought of starting your life from scratch in a new place is frightening, the excitement of gaining new experiences is no less. However, for a smooth relocation process, having adequate finances is crucial. You must have enough funds to cover the cost of moving your belongings and then settling down comfortably in the new city.

Depending on your savings might not be the best idea as you would need them for other expenses post shifting. A personal loan from Kotak Mahindra Bank can help you relocate without digging into your savings. Read on.

  • Flexible tenures

Shifting to a new city brings with it many uncertainties. If you are unable to continue your job, it could be challenging to keep yourself afloat for a few months. When you avail a personal loan, you can repay the loan as per your convenience. With Kotak’s personal loans, you can choose the tenure of your choice and repay the amount in comfortable EMIs. You can avail the personal loan for a tenure ranging from 1 to 5 years. Choosing a comfortable tenure would help you repay the loan comfortably without straining your budget. Make use of a personal loan EMI calculator to learn about your loan EMIs.

  • High loan amount

You need to spend many funds on relocation. You would need to pay movers and packers, pay travel charges for your vehicles, pay travel fare, pay rent or down payment for your new home, buy essentials for your new home, etc. All these could add to a significant amount. With a personal loan, you can manage all your expenses without depleting your savings. With us, you can avail a personal loan of up to Rs 40 lakhs.

  • Quick access to fund

What if you need to relocate immediately? It could be difficult to arrange enough money in a short period. However, with a personal loan, you can get quick access to funds without the need to wait for weeks. If you fulfil the personal loan eligibility, you can get the loan amount in your bank account within 24 hours. Moreover, the whole process of applying for a personal loan from Kotak Mahindra Bank is digital so that you need not run to the branch office while managing the shifting.

  • Competitive interest rates

You can get a personal loan and fund your entire relocation at competitive personal loan interest rates. With us, you can get a personal loan at interest rates starting at 10.25%.

  • Instant approval

You can get a personal loan instantly with us. The online interface makes the application and approval process quick and easy. Once you have furnished the documents, you can get the approval within a few hours.

Shifting to a new city can be a thrilling experience if you have the funds to manage the relocation process. A personal loan can help you initiate the relocation process immediately, even if you do not have enough funds right away. So wait no more, apply for a personal loan and get started on a new adventure.

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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.