Get Instant Personal Loan from Kotak Mahindra Bank
This is a good option to get a personal loan from the Kotak Mahindra Bank. You can fulfill your requirements, including family problems, sibling’s wedding, home renovation, and any other financial requirements by getting a personal loan from the Kotak Mahindra Bank. With the Kotak Mahindra Bank, you can borrow up to Rs. 15 lakh and get approval on it with minimum documentation.
Details About Kotak Mahindra Bank
Kotak Mahindra Bank Limited, a private sector bank with a head office in Mumbai, offers banking and financial services for retail and corporate customers. The bank is founded by Uday Kotak on the date of February 2003. The CEO of the Kotak Mahindra Bank is Uday Kotak since 1 May 2018.
| Eligibility for a personal loan | Candidates should be between 21 to 58 years of age for availing a personal loan. |
| Annual Percentage Rate (APR) | 10.99% – 18% |
| Payable Loan Processing Charges | 2.5 % + GST |
| Period for Repayment (Loan Tenure) | 60 Months |
| Foreclosure Charges | 3% p.m compounded monthly |
| Maximum Loan Amount | 15 lakh |
| Late Payment | After 12 months, 5% foreclosure charges with GST |
| Part-payment Charges | N/A |