Kotak Mahindra Bank Personal Loan

With a Kotak Mahindra Bank Personal Loan on Bajaj Markets, you can borrow up to ₹40 Lakhs to manage major expenses with ease. Enjoy competitive interest rates starting at 10.99% p.a. Choose flexible repayment tenures of up to 72 months to suit your budget. The simple online application and minimal documentation process help you save time and access funds quickly for planned or urgent needs.

Here’s a quick look at the key features that make a Kotak Mahindra Bank Personal Loan worth considering:

Disclaimer: The interest rates and charges mentioned above are subject to constant change at the lender’s discretion.

Understanding your monthly instalments is crucial before taking a personal loan, as it helps you plan your repayments better. An EMI calculator gives you instant estimates based on your loan amount, tenure, and interest rate. Here’s how the Kotak Mahindra Bank Personal Loan EMI Calculator can help you manage your finances with clarity

Here’s a breakdown of the additional fees and charges to help you understand the full cost of your Kotak Mahindra Bank Personal Loan:

Disclaimer: The interest rates and charges mentioned above are subject to constant change at the lender’s discretion.

To improve your chances of approval, ensure you meet the following Kotak Mahindra Bank Personal Loan eligibility criteria:

• You must be a salaried individual working with an MNC, a public limited company, or a private limited company

• Your age should fall between 21 and 60 years

• If you hold a Kotak salary account, your minimum monthly income should be ₹25,000

• If you receive your salary in accounts held with other banks or NBFCs, your monthly income should be at least ₹30,000

• If you are employed with Kotak Mahindra Bank, your monthly income should be at least ₹20,000

• You must hold a graduate degree to apply

• You should have a minimum work experience of one year

• You need to be a resident of your current city for at least one year

• Your CIBIL score should be 750 or higher for better chances of approval

Here’s a checklist of essential documents to keep ready for a smooth Kotak Mahindra Bank Personal Loan application:

• Salary slips for the last three months

• Bank statements for the last three months

• PAN card for identity verification

• Aadhaar card for identity and address proof

• If your current residential address differs from the one on your Aadhaar card, provide valid residential proof such as a driving licence, passport, or voter ID

Here’s why applying through Bajaj Markets could make your Kotak Mahindra Bank Personal Loan experience easier and quicker:

High Loan Amounts

You can secure a personal loan of up to ₹40 Lakhs. This gives you the flexibility to meet a wide range of financial needs.

Affordable Interest Rates

Benefit from competitive interest rates starting at 10.99% p.a. Lower rates help you manage your repayment comfortably.

Flexible Repayment Tenures

Repay your loan over tenures of up to 72 months. This allows you to choose a plan that suits your monthly budget.

Quick Disbursal

Loan amounts up to ₹5 Lakhs are disbursed instantly after approval. For amounts between ₹5 Lakhs and ₹40 Lakhs, disbursal is completed within two working days.

Zero Collateral

There is no requirement to pledge any asset as collateral for this loan. This helps you secure funds without risking personal assets.

Top-up Loans

You can apply for a top-up loan after completing nine months of your repayment tenure. This option gives you access to additional funds when needed.

If you have any queries or need assistance with your Kotak Mahindra Bank Personal Loan, you can easily get in touch with the customer care team. Simply call 1860 266 2666 between 9:00 AM and 8:00 PM from Monday to Saturday, excluding bank holidays. The customer support team will help you with loan details, application status, repayment queries, and other related concerns.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.