Kotak Bank Personal Loan
Online in 1 Day* @10.45%
Quikkloan offers a free service and therefore, we do not charge any fee from customers
√ Kotak Bank Instant Personal Loan Online Approval
√ 100% Online Process
√ No Hidden Charges
√ Minimum Documentation Process
How it Works!
Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.
Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years
Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque
Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation
Kotak Bank Personal Loan
Sit back and relax as all your unplanned financial needs and emergencies will be taken care of Kotak bank personal loan. The lender offers the loan to the borrowers at an attractive interest rate starting at 10.99% per annum. With a maximum loan amount of up to Rs.15 lakh that can be availed at a tenure of 5 years, this lender makes your personal loan a hassle-free experience. Kotak offers personal loan to salaried individuals, working in MNC, Public or Private Limited Companies. Apart from this, a list of other eligibility factors like income, cibil score, credit history, and job stability also taken into consideration before giving personal loan approval. A salaried individual needs to have a minimum monthly income of Rs.20,000 to apply online for Kotak personal loan. Do check your personal loan eligibility and keep your documents ready to avoid the last minute rejection.
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Kotak Personal Loan Interest Rates
Particulars |
Details |
Interest Rates |
10.99%-24% per annum |
Loan Amount |
Up to Rs.15 lakh |
Tenure |
5 Years |
Processing Fee |
Upto 2.50% of loan amount + GST |
Minimum Monthly Income |
Rs.20,000(salaried) |
Cibil Score |
Above 750 (out of 900) |
Prepayment Charges |
5% on the principal outstanding + GST |
Documents Required For Personal Loan
Mentioned are the personal loan documents for salaried and self-employed.
Complete Online Application
Fillup the Online loan Application in just 2 minutes
Provide Identity Proof
Voter id/ Passport/ Driving License / Aadhaar Card
Address Proof
Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card
Bank Statement
Latest 3 Months Bank Statement or Passbook
Income Proof
For Salaried – Latest 3-month Salary Slip
For Self Employed – ITR and Current Bank Statement of 3 months
Why Choose Kotak Personal Loan
There are several reasons to choose Personal Loan from Axis Bank
Quick Disbursal
Attractive Interest Rates
Attractive Interest Rates
Flexible Loan Tenures
Minimal Documentation
Multi-purpose Loan
No Collateral/Security
How to Apply for Kotak Personal Loan
Apply online for a Kotak personal loan and get the fastest approval and disbursal. The online process is really simple and quick, thus you can get personal loan Kotak Bank without any hassle. When it comes to applying online, Quikkloan is the best marketplace for the same. On this online platform, you can not only get instant approval and disbursal but a complete credit assessment is also helpful in enhancing your loan profile. Quikkloan helps you in reaching to the right lender based on your eligibility, thus saves your time with minimal chances of loan rejection.
From Where to Apply for an Instant Personal Loan Kotak Online
Apply Online for Kotak Bank Personal Loan online from Quikkloan App and get Instant loan e-Approval and Disbursal in just 1 Day.
Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Loan Amount (in Rs.) |
Interest Rate(per annum) |
Tenure (in Years) |
EMI (in Rs.) |
Total Interest Amount(in Rs.) |
Total Amount= Principal +Interest (in Rs.) |
10,00,000 |
12.30% |
1 |
88,989 |
67,870 |
10,67,870 |
10,00,000 |
12.30% |
2 |
47,214 |
1,33,129 |
11,33,129 |
10,00,000 |
12.30% |
3 |
33,358 |
2,00,880 |
12,00,880 |
10,00,000 |
12.30% |
4 |
26,481 |
2,71,106 |
12,71,106 |
10,00,000 |
12.30% |
5 |
22,396 |
3,43,781 |
13,43,781 |
Table Showing Principal, Interest, and Balance Amount
Year | Principal (in Rs.) | Interest(in Rs.) | Balance Amount(in Rs.) |
1 | 78,942 | 52,262 | 4,21,057 |
2 | 88,295 | 42,908 | 3,32,762 |
3 | 98,757 | 32,447 | 2,34,005 |
4 | 1,10,458 | 20,745 | 1,23,546 |
5 | 1,23,648 | 7,657 | 0 |
Type of Kotak Personal Loan
Kotak Bankl Personal loan is a multi nature in use. it can be used for the following purposes.
- Kotak Wedding Loans
- Kotak Home Renovation
- Kotak Holiday Loan
- Kotak Fresher Funding
- Kotak NRI Personal Loan
- Kotak Top Up Loan
To cover all the wedding expenses, the Kotak wedding loan is here.
Features and Benefits:
-
- Interest rates starting from 11.25% p.a
- Avail loan of amount up to Rs. 20 lakh
- Minimal documentation
- No security/collateral required
Kotak Bank Personal Loan might be the better choice if you want to use Personal Loan As a Home renovation purpose.
Features and Benefits:
- Personal Loan rate of interest starting at 11.25%
- Avail loan of amount up to Rs.20 lakh
- Minimal Documentation
- No security/collateral required
- Quick processing and disbursal – Money gets credited into your account in 72 hours
Be it a solo holiday or a trip with family or friends, the AXIS Holiday loan caters to the needs of all. The loan can easily be availed to meet all your travel expenses.
Features and Benefits:
- Interest rate starting from 11.25% p.a.*
- Avail loan up to Rs. 20 lakh
- Simplified documentation
- No security/collateral required
- Quick processing and disbursal.
If you have just started working and your first salary has just come, you are also eligible to apply for a personal loan of up to Rs.1,50,000
Features and Benefits:
- No security / collateral required
- Attractive Rate of Interest
- Avail loan of amount up to Rs. 1,50,000
- Simplified documentation
- Funding avail from age of 21 years
- Quick processing and disbursal
NRIs can also avail a personal loan without any hassle as ICICI offers NRI Personal loan with instant approval and disbursal.
Features and Benefits
- No security/collateral required
- Avail loan up to ₹ 10 lakh
- Simplified documentation
- Interest rates starting from 15.49% p.a.*
- Applicant to be a resident Indian and the co-applicant NRI to be a close relative
- Tenure up to 36 months
- Quick processing and disbursal
Need extra funds to support your existing personal loan? Apply for ICICI Top Up Personal loan online. You can either combine it with an existing personal loan or treat it as a separate loan.
Features and Benefits:
- No security / collateral required
- Simplified documentation
- Interest rates starting from 11.25% p.a.
- Quick processing and disbursal
Kotak Personal Loan Customer Care Number
Dial 1860 266 2666 either from your landline or mobile to get in touch with the bank representatives. For all your queries, feedback, suggestions and complaints, the customer care executives are available from 9:30am to 6:30 pm, Monday to Saturday.
What is the procedure for personal loan part prepayment?
Kotak Mahindra Bank does not offer a part prepayment facility for your personal loan.
Is it possible to change my personal loan Installment date? Are there any charges applicable?
Yes, it is possible to change the installment date. On changing the EMI date, a borrower needs to bear rescheduling charges and PDC Swap charges+GST. However, a borrower needs to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to the bank 7 working days pre/7 working days post the EMI date.
How can I get my Statement of Account?
You can download your statement of account for free.
How can I reschedule or postpone my EMI?
Rescheduling or postponement of EMI is not possible with Kotak personal loan.
How long does it take for Kotak Bank to approve my personal loan?
Once you submit your loan application form and the required documents as per Bank’s criteria, you can expect the approval and disbursal of your personal loan within 10 working days. However, all loan approval is at the sole discretion of the bank.
What can a personal loan be used for?
A personal loan is useful in meeting numerous financial needs such as wedding expenditure, school or college fees, dream vacations, home renovation projects or even for the purchase of consumer durables
.How can one I repay my personal loan?
A borrower can repay his personal loan through ECS (Electronic Clearing System), which is an online payment facility. With ECS, the EMIs would automatically be deducted from a borrower’s account on/before the due date.