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Kotak Mahindra Bank Personal Loan Details With Interest Rate

Kindly Check Complete Details For Kotak Mahindra Bank Personal Loan.


Kotak Mahindra Bank
Personal Loan
11.5%-24%
2.25%+GST charges
50K - 15Lac
12-60 mnths
Full Details for Kotak Mahindra Bank Personal Loan
Benefits and Features of Personal Loan:
  • Avail instant personal loan in India from Rs. 50,000/ to Rs. 15,00,000/1
  • Flexible repayment options
  • Attractive interest rates
  • Minimal paper work

Avail Kotak Bank's personal loans in Mumbai, Bangalore (Bengaluru), New Delhi (Delhi), Chennai, Kolkata, Hyderabad, Pune, Ahmedabad, Noida, Gurgaon, Faridabad, Ghaziabad, Jaipur, Chandigarh and Kochi

Personal Loan Eligibility Criteria

The eligibility to avail Personal loans is as follows -

All Indian residents who are employees of either MNCs, Public and Private limited companies with a minimum age of 21 years and maximum age of 58 years are eligible for a personal loan.

Other Personal loan eligibility criteria -

  • Income Net monthly salary of Rs. 25,000/-
  • Minimum educational qualification - Graduate
  • Years in city - Minimum 1 year
  • Total work experience - Minimum 2 years
Documentation Required for Personal Loan List of documents required for Personal Loan are:
  • Application Form
  • 1 Photograph
  • Identity Proof
  • Residence Proof
  • Age Proof
  • Signature Proof
  • Ownership Proof
  • Income Details
  • Bank Account Statements
Submitting these documents will fulfil your personal loan requirement.

Personal Loan Interest rates and charges -

Pay low interest on personal loans and also benefit from our flexible repayment options. For more information on fees and charges refer the table below.

General Schedule of Features and Charges for Loan
Loan Personal Loan
Interest Rate 11.5% to 24%
Loan Processing Charges Upto 2.5% of the loan amount+ service tax/GST and other applicable statutory levies
Documentation Charges -
Stamping Charges Applicable as per the respective State's Stamp Act
Credit Administration Charges -
Credit Appraisal Charges Upto 5% of the Loan amount, not exceeding Rs. 7500(inclusive of GST/Service tax)
Commitment Charges -
Ovedue Interest 3% of Overdue Amount, compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment
Collection Charges 30%(inclusive of service tax/GST and other applicable statutory levies)of cheque/instrument dishonour charges+ overdue interest
Dishonour Charges per Instance Rs. 750.00 per instance(inclusive of service tax/GST and other applicable statutory levies)
Swap Charges( Replacement of PDCs) Upto Rs. 500 per Swap per Instance+ service tax/GST and other applicable statutory levies
Prepayment Interest / Forclosure Charges Lock in period for 12 months. After 12 months, 5% foreclosure charges + service tax/GST on principal outstanding
Duplicate Issue of NOC Rs. 500 + service tax/GST and other applicable statutory levies per instance
Solvency Certificate
No Due Certificate Rs. 500 + service tax/GST and other applicable statutory levies per instance
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant. Rs. 50 + service tax/GST and other applicable statutory levies per instance
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) Once yearly without any charge. Post that Rs. 250 per request+ service tax/GST and other applicable statutory levies

Click Here to Apply for Personal Loan

 

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