Unlock your dreams with Kotak Mahindra Bank Personal Loan through Buddy Loan! Enjoy lowest interest rates starting at just 10.99% p.a., along with a hassle-free application process and minimal paperwork. Free yourself from financial hurdles & you seize this incredible opportunity today!
Apply now for a Kotak Mahindra Personal Loan and increase your credit limit with low interest rates.
Get instant loan approval with attractive interest rates, all from the comfort of your home! Discover the details of Kotak Personal Loan online.
|Starting from ₹50,000 to ₹40 Lakhs
|Flexible Tenure from 1 year to 5 years
|₹20,000 per month
|Up to 3% of the loan amount
Table of Contents: Kotak Personal Loan
Unlock the key to affordability with Kotak Mahindra Bank Personal Loans. Here is the table showing Kotak Bank Personal Loan Interest Rates & Charges:
|Kotak Personal loan interest rate
|Starting from 10.99% (p.a.)
|Loan processing fees
|Up to 3% of the loan amount + applicable taxes
|Stamp Duty Charges
|As per the respective State’s Stamp Act
|Overdue EMI interest
|3% p.m. on the overdue instalment amount
|Collection charges in case of delay or /bounce of EMI
|₹150 + 3% of Interest on overdue EMI
|EMI dishonor/Bounce charges
|₹500 + taxes per instance
|Swap charges (charges for change in repayment mode, repayment instrument, or EMI date)
|₹500 + taxes per instance
|Part pre-payment charges
|₹500 + taxes per instance
Not sure of your credit score? Check it now!
Kotak Mahindra Bank offers a diverse range of personal loan options to cater to your specific needs. Here are the types of Kotak Personal Loans:
Planning your finances becomes easier with the Kotak Personal Loan EMI Calculator. This tool allows you to calculate your Equated Monthly Installments (EMIs) with accuracy and convenience.
Insert the loan amount, interest rate, and tenure, you can instantly determine the monthly installment you'll need to pay. Take advantage of the Kotak Mahindra Bank Personal Loan EMI Calculator to stay in control of your financial journey and ensure a smooth repayment experience.
|Loan Paid to Date (%)
Here is a easy way to understand your requirement and opt by comparing the interest rates offered by Kotak Mahindra Personal Loan with other banks helps you take an informed decision before availing the loan. Here is a table showing Kotak Mahindra Bank Personal Loan interest rates compared with top banks and NBFCs.
|Personal Loan Lenders
|Interest Rates (p.a.)
|Kotak Mahindra Bank
|IDFC First Bank
Read LessNote: The current rates may vary marginally and is inclusive of other charges.
Discover the key to unlocking your financial dreams with Kotak Mahindra Bank Personal Loan Eligibility.
|21 to 60 years
|Minimum Monthly Income
|For Corporate Borrowers- ₹25,000
For Non-corporate Salary Borrowers- ₹30,000
An employee of Kotak Mahindra Bank- ₹20,000
|Minimum 1 year
|Type of Employment
|Working in an MNC, a private limited company or a public limited company.
|Minimum Educational Qualification
Here are the exclusive features and benefits of Kotak personal loan:
Get your personal loan
in 3 steps online
Choose your repayment
tenure from 1 to 6
Can be used for a
variety of purposes
Starting from 10.99% p.a.
Get fund without risking
eKYC and Biometric
Now simplify your loan application process and bring your dreams closer to reality. Here is the list of documents required for Kotak Personal Loan that you have to submit when applying:
|Valid ID Proof
|PAN Card, passport, Aadhaar card, Voter’s ID Card or driving license
|Valid Residence Proof
|Passport, Aadhaar card, Driving license
|Bank statements (last 3 months), latest salary slip or salary certificate, Form 16
|2-3 Passport-size photograph, Duly filled and signed application form
Here’s the step-by-step process that you can follow to apply for Kotak Mahindra Bank Personal Loan online on Buddy Loan. Download the app and follow the steps:
Ready to take the next step? Apply for a Personal loan now!
Kotak Mahindra Bank understands the unique financial needs of government employees, which is why we offer a specially crafted personal loan exclusively for you. Whether it's funding your child's overseas education or your daughter's wedding, Kotak Mahindra Bank Personal Loan for government employees is here to effortlessly fulfill your diverse financial requirements.
Here are the highlights:
When it comes to Kotak Mahindra Bank Personal Loan, borrowers can choose a repayment tenure ranging from 1 to 5 years. Additionally, existing borrowers have the flexibility to foreclose their loan, subject to pre-closure charges of up to 4% of the outstanding loan amount. For part-prepayment, Kotak Mahindra Bank charges Rs 500 per instance. Here are the highlights of the charges of pre-closing and part-prepaying your Kotak Mahindra Bank Personal Loan.
|For up to 3 years: 4% on outstanding principal
For after 3 years: 2% on outstanding principal
|₹500 per instance
Kotak Mahindra Bank disburses Personal Loans within 48 hours of receiving the loan application and necessary documents. Alternatively, the bank also offers instant loans with a speedy approval process of just 3 seconds with minimal documentation.
The interest rates for Kotak Bank Personal Loan applicants are determined based on factors such as their age, credit score, minimum monthly income, job profile, and repayment history.
Kotak Mahindra Bank allows the foreclosure of a personal loan account after 12 months of loan disbursal, subject to prepayment charges of 4%. It is advisable to consider the advantages and disadvantages of personal loan prepayment before proceeding.
To be eligible for a personal loan from Kotak Mahindra Bank, applicants generally need to have a credit score of 700 or above.
Yes, your credit score can influence the interest rate on a personal loan. Lenders often offer lower interest rates to applicants with higher credit scores, as it indicates greater creditworthiness and lower credit risk for the lender.
No, Kotak Mahindra Bank does not require any collateral for availing a personal loan.
Kotak Mahindra Bank offers flexible repayment options for personal loans, allowing customers to choose a tenure ranging from 1 to 5 years.
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