Personal Loan from Kotak Mahindra Bank: In this article we will provide you information about Kotak Mahindra Bank Personal Loan in Hindi. From Kotak Mahindra Bank, you can take a personal loan from Rs 50,000 to Rs 20 lakh. You can take this loan for a loan tenure of 1 to 5 years. Bank provides efficient customer service to the people.
In this article, we will know what is Kotak Mahindra Bank Personal Loan (KMBL), how much loan amount you can get this personal loan, what is the interest rate of this loan and how we can apply for this personal loan. etc., that’s why you read this article till the end.
Kotak Mahindra Bank Personal Loan in Hindi
You can take a personal loan for any of your personal expenses. You can apply for Kotak Mahindra Bank Personal Loan for marriage interest expenses, higher education, child fees, to travel, medical expenses, home renovation and for any of your personal work.
Kotak Personal Loan You can apply for both online and offline. You can apply for this loan with minimal documentation. The interest rates on this Kotak Mahindra Bank loan start from 10.99% p.a. Being an unsecured loan, this loan is given to the customers on the basis of their CIBIL score.
If your credit score and your income is high then you can take advantage of personal loan up to higher loan amount. Before applying for the loan, you can calculate the EMI of your loan with the help of Kotak Mahindra Bank Personal Loan EMI Calculator, so that you can get information about the installment you will repay.
HIGHLIGHTS
| loan name | Kotak Mahindra Bank Personal Loan 2022 |
| name of the lending bank | Kotak Bank |
| loan amount | 50,000 to 20 lakh rupees |
| Rate of interest | 10.99% p.a. |
| loan tenure | 1 to 5 years |
| Application Mode | online / offline |
| processing fee | Up to 2.5% of the loan amount + GST |
| official website | www.kotak.com |
Kotak Mahindra Bank Personal Loan Interest Rate 2022
in present time Kotak Mahindra Bank Personal Loan Interest Rate 10.99% p.a. starts with | Existing customers of the bank and citizens with a good CIBIL score can take advantage of the bank’s attractive personal loan interest rates.
Benefits and Features of Kotak Mahindra Personal Loan
- Kotak Bank Personal Loan Under this, you can get a loan amount from Rs 50,000 to Rs 20 lakh.
- If you fulfill all the eligibility of the bank’s personal loan and your loan is approved then the loan amount is transferred to your bank account in 3 seconds.
- The bank provides you the facility of part prepayment, if you have extra money then you can reduce your loan burden by doing part prepayment of your loan.
- You can apply for this loan with simple and minimal documentation.
- You can get instant personal loan approval in top commercial and metropolitan cities of India.
- The processing fee on Kotak Bank Personal Loan is up to 2.5% of the loan amount + GST.
- The bank provides you the facility of top-up loan.
- Facility of Personal Loan Balance Transfer |
- You can take this personal loan for family wedding, dream vacation, medical expenses, home renovation etc.
Kotak Mahindra Bank Personal Loan Eligibility
- All salaried and self-employed individuals can apply for this loan.
- Any resident of India who is an active employee of a multinational company, public or private limited company is eligible for this loan.
- Applicant’s age should be between 21 to 58 years.
- The monthly income of the Corp Cell (Salary with Kotak) should be Rs.25,000.
- Salary should be Rs.30,000 per month for non-corp year.
- Monthly income of Kotak employee should be Rs 20,000.
- The person who has minimum educational qualification graduation is eligible.
- The applicant should be an active resident of any city for at least 1 year.
- Applicant should have minimum work experience of at least 1 year.
Kotak Mahindra Bank Personal Loan Documents
- Proof of Identity – Passport / PAN Card, Aadhar Card, Voter ID, Driving License
- Proof of residence – utility bill, passport or leave and license agreement
- Bank statement of last 3 months along with income statement
- Salary slip of last 3 months
- 2-3 passport size photographs
How to apply for Kotak Mahindra Bank Loan?
Follow the steps given below to apply online or offline:
Kotak Mahindra Bank Personal Loan Apply Online
- On the home page of the website you will find Personal Loan Click on this option will appear.
- After clicking, all the information related to personal loan will come in front of you on the next page.
- You have to check this information correctly. To apply, you will see the option of Apply Now on this page, click on it.
- On the next page you will be asked whether you are an existing Kotak customer?, You have to select either Yes and No option.
- After that the registration form will open in front of you.
- Enter all the information asked in the form correctly and submit the form.
- After this the representative of the bank will contact you and proceed with the loan process.
How to apply offline?
- First of all you have to go to your nearest Kotak Bank branch.
- You have to go to the bank and contact the bank representative.
- The bank employee will provide you all the information related to personal loan.
- After that your documents will be verified.
- Then the personal loan application form will be given to you.
- You have to fill the form and attach your documents and submit it to the bank.
- If your loan is approved then the loan amount will be transferred to your bank account.
How to do Kotak Personal Loan Status?
- First of all you need to know about Kotak Bank official website will have to go
- After visiting the website you Track Application Status You have to click on the option of
- On the next page you will have to provide some information.
- After entering the information click on submit.
- In this way you can track the status of your loan.
- You can also check the status of your application by visiting your nearest Kotak Bank branch.
Kotak Mahindra Personal Loan Fees & Charges
Information about the charges for personal loan of Kotak Bank is given to you here:
| loan processing fee | Up to 2.5% of the loan amount + GST |
| stamping charges | Applicable as per the Stamp Act of the respective State |
| credit administration fee | Up to 5% of the loan amount, not exceeding Rs.7500 (inclusive of GST) |
| credit appraisal fee | Up to 5% of the loan amount, not exceeding Rs.7500 (inclusive of GST) |
| overdue interest | 3% compounded monthly on the amount due |
| Collection Charges | 30% of check/instrument dishonor fee + overdue interest (including GST and other applicable statutory charges) |
| Disrespect fee per instance | Rupee. 750 (inclusive of GST and other applicable statutory charges) |
| swap fee | 500 rupees |
| foreclosure charges | 0 to 12 months: Lock-in period 1 to 3 years: 4% + GST on principal outstanding After 3 years: Principal outstanding at 2% + GST |
| part prepayment fee | Up to 20% is allowed every year after completion of the lock-in period of 12 months. Rupee. 500 + GST |
| Duplicate issue of NOC | Zero |
| no due certificate | Zero |
| Fee for furnishing a copy of Credit Information Report (CIBIL) to the applicant. | Rupee. 50 + GST |
| If the customer requests for copies of records relating to his transactions (SOA / Amortization Schedule) | Rs 200 per request + GST |
Kotak Mahindra Bank Personal Loan Customer Care Number
| Kotak Number | Team | Working window |
|---|---|---|
| 1860 266 0811 | 811 | 9.30am to 6.30pm (Monday to Saturday excluding holidays) |
| 1860 266 2666 | Bank and Credit card | 24*7 |
| 1860 266 2666 | Personal and Home Loan | 9.00am to 6.00pm (Monday to Saturday excluding holidays) |
| 1800 209 0000 | Fraud or any unauthorized transaction in your Account / Credit Card | 24*7 |
conclusion
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Mostly asked questions:
The interest rate of this loan starts from 10.99% per annum.
50,000 to 20 lakhs.