Kotak Mahindra Bank Personal Loan Scheme: Kotak Mahindra Bank's personal loan scheme is very useful for those who need immediate financial assistance. Through this scheme, you can apply for a loan sitting at home, without going to the bank branch.
Kotak Mahindra Bank is a reputed and reliable bank of the country, which provides personal loan facility along with various financial services. There may be many situations in life when we suddenly need money, be it an emergency or any other personal need.
In such circumstances, personal loan from Kotak Mahindra Bank is a great option, which can become a solution to your financial problems. Through this scheme you can easily get a loan ranging from ₹ 50,000 to ₹ 35 lakh. In this article we will give you detailed information about the benefits, eligibility, required documents and application process of this scheme.
Kotak Mahindra Bank Personal Loan Scheme के लाभ
Kotak Mahindra Bank's personal loan scheme is very useful for those who need immediate financial assistance. Through this scheme, you can apply for a loan sitting at home, without going to the bank branch.
This scheme is specially designed for those customers who want to get an easy loan without any complicated process. Under this scheme, you get time to repay the loan in a period ranging from 1 year to 6 years. Additionally, the loan interest rate starts from 10.99%, which can prove to be a suitable option as per your budget. Applying from the bank's website or mobile app is extremely simple and fast, giving you instant loan approval.
Eligibility for Kotak Mahindra Bank Personal Loan Scheme
- Some eligibility conditions have been set to avail this scheme of Kotak Mahindra Bank, which are as follows:
- Age of the applicant: Only persons between the age of 18 years to 45 years can avail the benefit of the scheme.
- Income and Job: The monthly income of the applicant should be minimum ₹15,000. Only people working in government jobs or reputed private sector are considered eligible for this scheme.
- Credit Score: For loan application, it is mandatory for the applicant to have a good credit score, so that the bank can get information about your financial condition.
- Indian Citizenship: This scheme is available only to Indian citizens who are permanent residents in India.
- Social Background: The applicant should have a good background, so that the bank has confidence in their financial credibility.
Documents required for Kotak Mahindra Bank Personal Loan Scheme
The following documents are required to apply for Kotak Mahindra Bank Personal Loan Scheme:
- Identity Card (Aadhaar Card, PAN Card, or Voter ID)
- Address proof
- age certificate
- Income Certificate or ITR
- Bank passbook and bank statement of last 6 months
- passport size photo
- All the documents should be correct and clear, so that there is no difficulty in the application process.
Application process for Kotak Mahindra Bank Personal Loan Scheme
- It is very easy to apply for the personal loan scheme of Kotak Mahindra Bank. For this you can use the official website or mobile app of the bank.
- Online Application: First of all you have to go to the bank's website and login to your account there.
- Filling the Form: After login, you will get the online application form, in which you have to fill your personal information, income proof and other necessary details.
- Uploading Documents: After filling the form, you have to upload all the required documents.
- Submit: After uploading all the information and documents, you have to submit the application form.
- Review and Approval: After review of the application, if you are found eligible, the loan will be approved and the amount will be transferred directly to your bank account. If any difficulty arises, you can contact the nearest customer service center.
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