Customer Care
+91 9964959412
personal loan bangalore
Email: info@personalloan-bangalore.com
Phone: 9964959412
Url:
12th Main Rd, 3 Block, Rajajinagar
bangalore, karnataka 560010
personal loan bangalore
Rated 4.8/5 based on 7 reviews

Welcome to Kotak Bank Personal loan

Kotak Mahindra Bank is an Indian bank and financial service firm established in 1985. Kotak Mahindra is one of India's leading banking and financial services organisations, offering a wide range of financial services that encompass every sphere of life. From commercial banking to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the diverse financial needs of individuals and the corporate sector.

Features and Benefits of Kotak Bank personal loan

  • Choose a loan tenure as per your convenience ranging from 1 to 5 years.
  • You can repay your loan over a period of 12 to 60 months
  • Flexible Repayment option
  • Enjoy the convenience of doorstep service
  • Get the best in class interest rates
  • Minimal paper work and hassle fee processing
  • No Security required

Kotak Mahindra Bank personal loan interest charges

Service type Interest rate
Interest rate 15% to 24%
Loan Processing charges Up to 3.00% of loan amount
Documentation Charges Up to Rs. 5000
Credit Administration Charges Up to 5% of the Loan amount, not exceeding Rs. 7500
Overdue Interest 3% of Overdue Amount, compounded monthly
Collection charges of Agreement / Documents 30% of penal and cheque bouncing charges
Prepayment Interest / Forclosure charges 6%,if within 6 months of the date of Agreement, 5% after 6 months
Duplicate Issue of NOC Rs. 500/-

Eligibility for Kotak Mahindra Bank Personal Loan - Salaried

  • Minimum age at the time of application should be under 21-58 years
  • Minimum net monthly income should be Rs.25000
  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation
  • Should have completed minimum 1 year of stay at the current residence, if rented.
  • Should be a Graduate.

Documents required to process Kotak Mahindra Bank Personal Loan

  • Identity Proof - Passport, photo pan card, driving license, votes ID card, Aadhar card, Overseas Citizen of India card, and Person of Indian Origin card.
  • Address Proof - Passport, voter ID, telephone bill, Bank account statement printed on bank's letterhead, not more than 3 months old, signed and stamped by existing banker, Overseas Citizen of India Card, Person of Indian Origin Card, Latest IT Return, Original Letter from Company, Telephone/Electricity Bill
  • An application form and a photo are required.
  • Age proof - Pan Card, passport copy.
  • Signature proof - PAN Card, Driver’s License, Passport copy, Banker’s attestation of Bank Account Statement.
  • Ownership Proof - Electricity Bill, Water Bill, Sales Deed, and Receipt of Tax paid.
  • Documents like 3 months bank pay slip form 16, and latest 6 months bank statement.

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