Kotak Mahindra Bank – How to Apply Personal Loan Check Eligibilit9, Interest Rate, Documents

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Kotak Mahindra Bank - How to Apply Personal Loan

You can take an instant personal loan from Kotak Mahindra Bank for any of your personal needs. Even if your bank account is not present in Kotak Mahindra Bank, you will still be able to take a loan from here by following just 3 steps. From here you can easily get a loan ranging from ₹ 10000 to ₹ 40 lakh.

This loan can be used to meet any need such as family vacation plans, home renovation, or wedding expenses. Kotak Mahindra Bank provides instant personal approval in some major states of India like Delhi, Mumbai, Hyderabad, Bangalore etc. which can be availed in your bank account within a few minutes.

To know how to take a personal loan from Kotak Mahindra Bank read this article completely.

Table of Contents

What is Kotak Mahindra Personal Loan

This loan given by Kotak Mahindra Bank is an unsecured loan, that is, this loan can be obtained from the bank without any guarantee and without giving any pledge. You do not even need to go to the branch to apply for a loan. You can get the loan offer sitting at home from its official website by following just three steps.

The loan given by this bank can be used for marriage, personal household work, school and college fees of children, medicine expenses etc. If you want to take a loan at an affordable interest rate to meet your personal needs, then you can apply for a loan from Kotak Mahindra Bank.

Kotak Mahindra Bank Personal Loan Eligibility Criteria

If you want to take a personal loan from Kotak Mahindra Bank, then you will have to follow these terms and conditions set by the bank.

Applicant should be an Indian citizen

Applicant should be 21 years to 60 years

Applicant should be Must have passed 10th

Applicant should be Minimum ₹25000 net income

It is necessary for you to have an active bank account of any bank so that you can get the loan amount in it.

To link a bank account, you have to provide a statement of 6 months. It is also necessary to have user ID and password of net banking.

To authenticate your identity online, it is also necessary for you to have an Aadhaar linked mobile number, on which a 6 digit OTP will come.

While applying for the loan, you will also need an email ID on which the bank will update you about the loan.

Kotak Mahindra Bank Personal Loan Required Documents

If you are taking instant personal loan from Kotak Mahindra Bank, then it is important to have these documents with you.

Aadhar Card

Pan Card

Salary statement of last three months

net banking

Aadhar Link Mobile Number

Credit Score Should be 750.

How to apply for Kotak Mahindra Bank Personal Loan

Jio Payment Bank How to Apply Personal Loan

The process of applying for Kotak Mahindra Bank Personal Loan is easy. To apply for the loan, you can follow the step by step process mentioned below.

Apply Now

Step 1. First of all click on the link given above and go to Kotak Mahindra Bank website.

Step 2. After opening the website, select Loan Amount, Interest rate, Tenure and then click on Apply Now button.

Step 3. After this, allow the location permission, then click on the cross button.

Step 4. Now you will be asked whether your bank account is in Kotak Mahindra Bank or not. If so, click on Yes, otherwise click on No.

Step 5. After this some processing will happen, on the next page select PAN card number, mobile number and your city.

Step 6. After this fill your email ID, type of employment, monthly salary in hand and then click on Verify With OTP.

Step 7. On the next page, fill the information like mobile number, date of birth, CRN etc. and click on Next.

Step 8. After this enter your PAN card number and accept the term of condition and click on Continue button.

Step 9. After that enter your Aadhar card number, and click on the Next button.

Step 10. Now an OTP will be sent to your registered mobile number. Enter that OTP.

Step 11. After this fill your communication address information here

Step 12. Now fill the information like company name, company email ID, salary bank account etc. to check your eligibility.

Step 13. Now you will get the loan offer here, touch the loan amount and time period and then click on the Proceed button.

Step 14. On the next page, enter your user ID and password for verification with the help of internet banking.

Step 15. Now your loan has been applied successfully here, after this you will get the option of Thank You on your screen.

Step 16. After some time, Kotak Mahindra Bank executives will personally contact you and give you information about the loan.

Step 17. As soon as your loan is approved, your bank account details will appear on your screen.

Step 18. After this enter your bank account number, IFSC code, account holder name etc.

Step 19. After some time the loan amount will be transferred to your given bank account.

Kotak Mahindra Bank Personal Loan – Interest Rates

Kotak Mahindra Bank Personal Loan interest rates range from 10.75% to 26% per annum. If your credit score is good then you get a loan here at low interest. The loan amount depends on your banking history.

Kotak Mahindra Bank Personal Loan Amount

Personal loan from Kotak Mahindra Bank can be taken from ₹ 50000 to ₹ 40 lakh. The loan amount will depend on the credit score of the applicant and other banking criteria.

Kotak Mahindra Bank Personal Loan Tenure

You can avail personal loan from Kotak Mahindra Bank in EMI plans ranging from 12 months to 60 months. You can deposit this loan in monthly installments every month or you can get the loan installment deducted from your bank itself.

Kotak Mahindra Bank Customer Care Number

If you are facing any kind of problem in taking personal loan from Kotak Mahindra Bank, then you can talk to customer care where you will be given all the information.

Call Us: 18602662666

Time: 9:00 AM to 7:00 PM