Do you sometimes feel like there is so much that you want to do but you have to keep putting it off due to a lack of funds? Or that your life seems stagnant in certain areas because you haven’t been able to make the kind of progress you would have liked, again, due to financial reasons? If you relate to any of these sentiments, then it’s time to go after the kind of lifestyle you want with the support of Kotak’s instant personal loan!

With Kotak’s instant personal loan, you can get funds up to Rs 5 lakh instantly! And you can use these funds for a wide range of purposes – from travel and home renovation to buying new gadgets and upgrading your wardrobe. The entire personal loan application process is 100% digital, so you can go from clicking on the personal loan apply online button to receiving the funds in your bank account in no time.

And here are all the ways you can support your lifestyle with Kotak Bank’s instant personal loan:

  • Travel to your dream destinations

If you are tired of seeing other people’s travel photos on social media and want to experience the world for yourself, then embark on that journey worry free with the help of Kotak’s instant personal loan.

Whether you want to backpack in Europe, go live in Thailand for a few months and work remotely, learn to scuba dive in Andaman Nicobar Islands, or see the northern lights in Norway, Kotak’s personal loan has you covered!

  • Renovate your home to your taste and comfort

It’s very important that the place you spend the most amount of your time in and the place that you call home is set up in a way that takes into consideration your comfort and needs as well as style and taste. So, take that leap and finally renovate your home to build the house of your dreams.

Whether it is building a workstation or a reading nook, changing the flooring, revamping the kitchen, upgrading the furniture or painting the walls, you can decide what you want to do without any restrictions on how you use the funds from the personal loan when renovating your home.

  • Invest in your personal development

Personal development looks different for everyone. For someone, it may be focusing on their appearance and personality by investing in their clothing, haircare, skincare, and getting certain treatments done.

While for others, it may be investing time and money in learning a foreign language, seeking mental health help, going for a wellness retreat, or starting a small business. In all of these endeavors, Kotak’s personal loan can be of help.

Applying for an instant personal loan

You can avail Kotak’s instant personal loan through a simple three-step online application process. The documents required are basic such as PAN card, Aadhaar card, and the last three months’ salary slips or bank statements. You can also benefit from an attractive personal loan interest rate if you have a good credit score and stable income.

Remember, an instant personal loan is a great option to support your lifestyle. But before you click on the personal loan apply button, you should make sure to understand what the Equated Monthly Instalment (EMI) on the loan will look like. And for this you can use Kotak’s personal loan EMI calculator, which is a free online tool that helps determine what your loan EMI could look like. This will help you have a debt repayment plan in place and will allow you to comfortably pay off your loan without any financial stress.

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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.