How to get Personal Loan from Kotak Bank (Apply For Instant Personal Loan Online, Eligibility, Documents Required, Kotak Bank Se Personal Loan Kaise Le)
In this article, I will explain you kotak bank se personal loan kaise le. It is easy to get a loan in the current situation and many banks give loans at low interest rates. Kotak Mahindra Bank has special loan facility for all types of business and personal loans. We’ll talk about personal loans for other types of loans that you can explore more.
Kotak Mahindra Bank is a private Indian bank and this bank has 1369 branches . Various new updates in the scheme make loan taking special. In different sections of the article we will talk about various points of live kotak bank se personal loan kaise le.
What is a Personal Loan (What is a Personal Loan)
Personal loan is a type of unsecured loan, no security is required for this type of loan. You can take a personal loan for your confidential work. Personal loan is taken for work related to marriage and family.
Salary slip is necessary for taking any personal loan from Kotak Mahindra Bank. Since it is a type of unsecured loan, there is no need for security, you can borrow the loan with the help of salary slip.
How To Take Personal Loan From Kotak Bank (Kotak Bank Se Personal Loan Kaise Le)
To take a personal loan from Kotak Mahindra Bank, you can apply both online and offline. I will explain the complete process of application but now we will talk about the features of personal loan from Kotak Mahindra Bank.
Features of Kotak Mahindra Bank Personal Loan
- You can take a personal loan amount up to 25 lakhs .
- Only Kotak Mahindra Bank account holders can take a personal loan from this bank.
- The repayment period of the loan is 1 to 4 years .
- You can also transfer your loan amount from other banks to Kotak Mahindra Bank at a lower interest rate.
- It is good that you can trust the bank from which you want to take the loan and the terms and conditions of this bank are very transparent.
Documents Required for availing Personal Loan from Kotak Mahindra Bank
The terms and conditions of Kotak Mahindra Bank are very transparent. And less document is required to apply Kotak Mahindra Bank Se Loan lene ke liye. Kotak Mahindra Bank Se Personal Loan Lene ke liye The list of documents required is given below.
- Aadhar card
- pan card
- Address proof (utility bill, electricity bill, etc.)
- Identity Proof (Voter ID, Passport, Driving License)
- photos
- Bank statement for the last three months.
- Salary slip
- income certificate
Also Read – How to take Personal Loan with SmartCoin App? | SmartCoin App Se Loan Kaise Le
Eligibility to take personal loan from Kotak Mahindra Bank
There are not many considerations for taking a loan but it is important for you if you are looking for kotak bank se personal loan kaise le.
- Applicant should have citizenship of India.
- You must be an account holder with Kotak Mahindra Bank.
- At least one year work experience in the office where you are currently working.
- Certified Income.
- Age should be between 21 to 58 years.
- Minimum income of 25000 to 30000 is required.
- Credit score must be greater than or equal to 750.
- Credit score must be greater than or equal to 750.
Interest Rates on Personal Loan from Kotak Mahindra Bank
The interest rates for Kotak Mahindra Bank are comparatively low. The interest rate is a very important factor for taking a loan from any bank.
Kotak Mahindra Bank’s interest rate can range between 10.25% to 24 percent per annum, depending on certain conditions . Once the interest rate is fixed, the interest rates do not fluctuate.
Kotak Mahindra Bank Personal Loan Processing Fees
There are some processing charges as well but they are very less and there is no charge for some plans. But skip the plans, we will talk about the processing fee. It is a one time payment and it is 2.5% of the loan amount and can be deducted from the loan amount. There is 18% GST in the processing fee.
How to apply for Personal Loan from Kotak Mahindra Bank?
The basic process is the same for every bank and you can apply through both online and offline modes. Below is a step by step guide for you.
- Visit the official website of Kotak Mahindra Bank.
- And search for loan options.
- Select your loan type.
- and fill the required information.
- Upload all the documents.
- And cross check before submitting.
conclusion
In this article, I have explained well about kotak bank se personal loan kaise le. There is a simple process of application and low interest rates as compared to other banks. If you are planning to take a loan then you can take it from this bank.
There are also some questions that I have answered but you can also give your own suggestions. I hope you liked this article if you have any questions or doubts you can ask them in the comment box.
FAQ’s
Q. What is the personal loan interest rate from Kotak Mahindra Bank?
A. The interest rates for Kotak Mahindra Bank start from 10.25% and can exist up to 24% per annum. It depends on a few factors, but it is less than some other banks and NBFCs.
Q. What is the repayment of Kotak Mahindra Bank Personal Loan?
A. You can pay in monthly EMIs and the repayment tenure is 1 to 5 years.
Q. How to take personal loan from Kotak Mahindra Bank?
A. You can apply both offline and online, after checking your eligibility and documents your loan will be approved and it may take some time.
Q. What is the minimum income for Kotak Personal Loan?
A. If there is a salary account in Kotak Bank, then the minimum salary should be 25 thousand. If the salary account is in another bank then the salary should be 30 thousand.
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