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KOTAK Bank Personal Loan

KOTAK Bank Personal Loan

Established in 1985 Kotak Mahindra Bank offers a wide range financial services. Previously recognised as Kotak Mahindra Finance Limited it was then a non-banking financial organisation. It was then allowed to conduct banking business in 2003 by RBI (Reserve Bank of India). The bank has then been flourishing with growing business. It has now more than 500 branches and over 1000 operating ATMs across cities. You can now avail quick personal loans at lucrative interest rates in no time from Kotak

Kotak BANK Personal Loan Fees and Interest Charges

Interest Rate : 11.49% to 20.15%

Processing Fees : 00

Loan Tenure : 1-5 YEARS

Guarantor  : NOT REQUIRED

Pre-closure Charges :  Preclosure permitted after 12 months. 5% of principal outstanding(plus ST) afterwards

Check the factors first

Minimum Rs 30000 per month income required

Finance up to Rs 15 lakhs only

Any other EMI can lower down your eligibility

Know if you’re eligible for the loan

Minimum entry age: 21 years

Maximum age: 55 years

Income: Salaried & self employed

Why don’t you increase your loan eligibility?

Choose longer tenure for 5 year eligibility maximisation.

Credit card bill need to be clear

What are the documents needed?


1. Application form with photograph duly signed

2. Processing fees

3. Latest  6 months Statement of bank account

4. ID Proof with Photo

5.Address Proof with Photo

6. Documents required for self employed

  • Proof of business existence
  • Last 3 years Income tax returns with computation of income
  • Last 3 years balance sheet and Profit /loss statement duly certified by CA

7. Documents for salaried

  • Income Tax statement or Form 16
  • salary slip of latest three month