Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank offers business loans up to ₹1 Crore to support business growth. The funds can be used for working capital, equipment purchase, or business expansion. The loan comes with competitive interest rates, flexible repayment options, and requires no collateral. Apply online for fast approval and quick access to funds.

Kotak Mahindra Bank provides business loans tailored to meet the financial needs of small and medium enterprises. Key highlights include:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

A business loan from Kotak Mahindra Bank offers a range of features and benefits to support business growth, including:

• High Loan Amount

You can get Kotak Mahindra Bank Business Loans ranging from ₹3 Lakhs to ₹1 Crore. This makes them ideal for small, medium as well as large businesses.

• Zero Collateral Needed

The Kotak Bank Business Loans are unsecured. This means that you need not offer any kind of collateral when you apply for a business loan.

• Quick Approval

Get instant loan approval to meet your business needs on time. This ensures you can access funds without unnecessary delays.

• Hassle-free Processing

Benefit from a smooth and efficient loan application process. Minimal paperwork makes it easier to secure the funds you need.

• Flexible Repayment Tenures

The repayment tenures for Kotak Mahindra Bank business loans are flexible. You can choose tenures up to 60 months and repay your loan according to your convenience.

• Easy Documentation

Another advantage is that you can apply for a Kotak Mahindra Bank business loan without worrying about any cumbersome paperwork. The documentation requirement is simple and minimal.

• Affordable Interest Rates

Get Kotak Mahindra Bank business loans at affordable interest rates that make repayment easier on your finances.

Here’s a quick overview of the applicable interest rates and charges for Kotak Mahindra Bank business loans:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Comparing interest rates from different lenders can help you choose the most cost-effective business loan. Below is a comparison of Kotak Mahindra Bank's business loan interest rates with other leading banks and NBFCs:

Disclaimer: The above-mentioned rates are subject to change as per changes in the bank’s policies.

Kotak Mahindra Bank offers a range of business loans tailored to different financial needs. Whether you require funds to expand your business or invest in farm equipment, the bank provides suitable loan options to support your goals, such as:

• Regular Business Loans

These collateral-free loans from Kotak Mahindra Bank help you meet your business needs and scale new heights in your business goals every day

• Loan Against Property

This is a secured business loan that is sanctioned against an asset pledged as a security. You can use the funds to meet new milestones in your business

• Commercial Vehicle Loan

These loans offer customised solutions that give you access to financing for purchasing new or used commercial vehicles for your business needs

• Construction Equipment Loan

These financial solutions provide funding for the complete range of construction equipment - both new and used. It also includes top-up loans and refinancing

• Farm Equipment Loan

Kotak Mahindra Bank also offers business loans for the purchase of farm equipment like old or new tractors, harvesters and other agricultural machinery

• Crop Loan

These loans from Kotak Mahindra Bank help the working capital requirements of farmers and make it easier for them to meet the cost of farm development, cultivation, raw material purchase and more. 

To get a business loan from Kotak Mahindra Bank, you need to meet the following eligibility criteria. Checking these criteria beforehand can help you figure out if you are eligible for a business loan. Here are the details:

• You should have been running the business for at least the last 3 years

• Your minimum turnover of the business should be ₹40 Lakhs.

• The business should have been profitable for at least 1 year

• You can be a sole proprietor, partnership firm, private limited company, or limited liability partnership engaged in trading, manufacturing, or providing services

• The primary applicant must be at least 25 years old and not more than 65 years old at the time of loan maturity

When you apply for a Kotak Business Loan, you need to submit the following documents:

• Proof of Identity: PAN card, driving licence, passport, voter's ID or Aadhaar card

• Proof of Address: Passport, driving licence, voter's ID, Aadhaar card, utility bill, bank statement or updated bank account passbook that is no more than 3 months old

• Proof of Ownership: Agreement copy, electricity bill, maintenance bill with share certificate, municipal tax bill or share certificate

• Proof of Business Continuity of 3 Years: Shop and Establishment certificate or GST registration

• Firm Constitution: MOA, partnership deed or GST registration certificate

It’s easy to apply for a Kotak Mahindra Bank Business Loan. You just need to follow the steps given below:

1. Visit the website of Kotak Mahindra Bank and head to the ‘Business’ section

2. From the ‘Explore Products’ dropdown list, choose ‘Business Loans’

3. Click on the ‘Apply Now’ option

4. Then, select whether or not you are an existing Kotak customer

5. If you are, you need to enter the details required, such as your registered mobile number, date of birth or CRN, and the captcha shown

6. If you are not an existing Kotak customer, you will be taken to a different page with an application form

7. Here, you need to enter the details required, like your name, mobile number, email address, age, gender and PAN number

8. You also need to enter the details of your business. You also need to select the city in which your business operates

9. Once you’ve entered these details, check the box to agree to the terms and conditions.

10. Then, click the ‘Apply Now’ option

After this, a representative from Kotak Mahindra Bank will then get in touch with you.

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