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Kotak Mahindra Bank is the Indian bank and financial service firm that was established in early 1900s. It was known as Kotak Mahindra Finance Limited, which is a NBFC. During February 2003, this Kotak Mahindra Finance Ltd, group's flagship company was provided with license to start banking business by Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. Convert itself into an Indian bank for the first time. Between 2011 to 2013 years, this bank grew as big as 500 branches, with over 1,000 ATMs. Kotak Mahindra Bank offers personal loan with minimal documentation and attractive interest rates.
No matter how much ever detailed explanation is given a customer review will be more supportive and acceptable. A few of our customer reviews and rating are made available in Finance Buddha website to help all possible customers. The applicant just has to be 21 years old and less than 55 years. It doesn’t matter whether you are a salaried or self-employed individual, regular income is sufficient. If you earn the minimum limit of income- simply apply for a personal loan and make your dreams a reality right away.
Institution Type: Bank
Minimum Loan Amount: ₹50,000
Maximum Loan Amount: ₹1,500,000
Minimum Tenure: 12 months
Maximum Tenure: 60 months
Interest Rates: 10.25% to 24%
Fees & Charges: Up to 2.5% + GST as applicable
This is the best place to get loan in short period with affordable rates. They offer very well and responsive service to each of its customers. Offers are not just for Indians but also for NRI customers. Loan amount and top- up loan is possible any time as per the eligibility criteria and capability to repay.
Other reasons to choose this bank for personal loans are:
Applying for a personal loan through Finance Buddha is very simple with straight forward steps. Simply visit the website and give your credentials, among the list of banks if Kotak Mahindra is one which you can apply as per your eligibility criteria, there is nothing more required. Quickly connect to the banks through your Finance Buddha application and the rest bank will consider and take it forward with your consultation.
Salaried Employees |
|
Profile |
Resident Indian employed at a Public Ltd co./ MNC/ large Pvt. Ltd co. |
Age |
21-58 years |
Income |
Net monthly salary of ₹25,000/- |
Minimum Educational Qualification |
Graduate |
Residence Telephone |
Required |
Years in City |
Minimum 1 year |
Total Work Experience |
Minimum 2 years |
Factors |
Salaried Employees |
Self Employed Individuals |
Interest Rate |
10.25% - 24.00% |
10.25% - 24.00% |
Loan Tenure |
From 12 months to 60 months |
From 24 months to 60 months |
Processing Fee |
Up to 2.5% + GST as applicable |
Up to 2.5% + GST as applicable |
Age |
Min 23 years and Max 58 years |
Min 25 years and Max 65 years |
Foreclosure Charges |
Allowed after 6 EMI's, 5% prepayment charges, 30 days’ notice applicable |
Allowed after 0 EMI's, 6% before 6 months and 5% after that |
Loan Amount |
Min ₹50,000 and Max ₹1,500,000 |
Min ₹300,000 and Max ₹7,500,000 |
Prepayment Charges |
Not allowed |
Not allowed |
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