Save and earn more with kotak personal loan

Kotak Mahindra was established in 1985 as an Indian private sector bank headquartered in Mumbai. The bank was licensed by the Reserve Bank of India (RBI) in February 2003 to carry on its banking business. As of now, Kotak Mahindra Bank offers a range of banking products and services for individual, retailers, and corporate customers through a wide network of over 1369 branches and 2163 ATMs across 689 locations. The bank is specialized in services like personal finance, general insurance, investment banking, life insurance, wealth management, and credit cards.

Kotak Mahindra bank offers customized personal loan schemes to every eligible individual looking for financial solution to meet urgent need of expenses such as pursuing an educational degree, wedding arrangements, house renovation, travelling expenses, and medical expenses. 

Kotak personal loan is a versatile unsecured loan that aids to several personal needs of an individual. However, to avail the loan, it is important that the applicant fulfils the required eligibility criteria of the bank.

Features and benefits of Kotak Mahindra personal loan: 

• Higher loan quantum – Kotak bank offers personal loan schemes for higher loan quantum ranging from Rs.50000 to Rs.15 lakhs, so that, one doesn’t have to look for other financial solutions.
• Flexible tenure – Borrowers can choose the personal loan repayment tenure according to their budget and preferences. Based on certain factors, the bank offers flexible tenure schemes for a maximum up to 5 years. 
• Doorstep services – Understanding the need of an hour, Kotak Mahindra bank provides doorstep services to the applicant/borrower. Just book an appointment with the bank and one of the customer representatives will assist the applicant for any clarification and completing loan formalities. 
• Interest rates – Lower interest rates actually ease down the financial burden from the borrower’s head. 
• No security – Borrowers are not required to arrange any collateral security towards the bank. 
• Minimal documentation – Kotak personal loans are processed with just a few documentation formalities. Thus, the applicant is required to submit a copy of few documents like identity and address proof, income proof, and passport size coloured photograph.

Kotak Mahindra bank personal loan:

• Personal loans are offered to salaried individuals who are Indian residents working at MNCs, public companies, and other large private organizations. 
• Minimum regular income must be more than Rs. 25,000 per month
• The applicant must be between 21 years to 5 years of age. 
• The applicants should have the address proof of the same city where they are applying for loan for at least a year before actual application
• An applicant should have a minimum 2 years of overall work experience.

Applicants can apply for personal loan at https://www.applykaroo.com/loans/kotak-mahindra-bank-personal-loan.