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Kotak Mahindra Bank Personal Loan in Ahmedabad

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Adiyogi Enterprises is proud to collaborate with Kotak Mahindra Bank to offer you flexible and affordable personal loan solutions. With competitive interest rates starting from just 10.50% per annum, you can avail loans up to Rs 25 Lakhs, with repayment tenures extending up to 5 years. Whether it's for a wedding, medical emergency, home renovation, or any other personal need, Kotak Mahindra Bank is here to help you meet your financial goals.

Kotak Mahindra Bank Personal Loan Highlights

Interest Rate Starting from 10.50% per annum
Loan Amount Up to Rs 25 Lakhs
Loan Tenure Up to 5 years
Processing Charges 1% of the loan amount (minimum Rs 1,000)

Kotak Mahindra Bank Personal Loan Eligibility

Age

  • Minimum 21 years and maximum 60 years at loan maturity.

Income

  • Minimum monthly income of Rs 20,000 for salaried individuals
  • Minimum annual income of Rs 2,50,000 for self-employed individuals

Employment

  • Salaried individuals should have at least 1 year of continuous employment
  • Self-employed individuals must have been in business for a minimum of 2 years

Credit Score

  • A credit score of 700 or above is ideal for smooth approval.

Kotak Mahindra Bank Personal Loan EMI Calculator

10.50

Loan Amount

Tenure

Annual Interest

Principal Interest Total Payable

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FAQ

Frequently Asked Questions

  • 1. What types of personal loans does Kotak Mahindra Bank offer?

    Kotak Mahindra Bank offers personal loans for various purposes such as medical emergencies, home renovation, education, weddings, travel, and buying consumer durables. They also provide loans for debt consolidation and personal financial needs.

  • 2. What is the eligibility criteria for a personal loan from Kotak Mahindra Bank?

    The eligibility criteria for a personal loan from Kotak Mahindra Bank include being between 21 and 58 years of age, having a minimum monthly income of INR 20,000, and a good credit score. Both salaried and self-employed individuals can apply.

  • 3. What documents are required for applying for a personal loan from Kotak Mahindra Bank?

    The required documents include proof of identity, proof of address, passport-sized photographs, bank statements, income proof (salary slips, IT returns, or bank account statements), and any additional documents requested by Kotak Mahindra Bank.

  • 4. What is the interest rate for personal loans at Kotak Mahindra Bank?

    Kotak Mahindra Bank offers personal loans at competitive interest rates starting from 10.99% per annum. The exact rate depends on factors like the applicant's credit profile, loan amount, and tenure.

  • 5. How can I apply for a personal loan from Kotak Mahindra Bank?

    You can apply for a personal loan from Kotak Mahindra Bank through their online portal, mobile app, or by visiting a branch. They also offer pre-approved personal loans to eligible customers for quicker approval.

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