Kotak Mahindra Bank Loans

PERSONAL LOAN

We all have dreams. We often dream of a refreshing holiday trip, a perfect wedding, to renovate our home or to buy that cool gadget. You can realise all your dreams with Kotak Personal Loan scheme. Some of the salient features of Kotak Personal Loan are

Fixed reducing rate of interest
No collateral required
Easy and hassle-free paperwork
Loan tenure of upto 60 months

Kotak offers customized personal loan solutions for salaried individuals. One can avail loan ranging from 50,000 INR to 2,000,000 INR.

Eligibility Criteria

21-58 years
Net monthly income of 25,000 INR
Min. 2 years of work experience
Min. 1 year in current residence
Minimum qualification Graduate
Residence phone required

Documentation Required

Proof of Identity- Passport/ Driving License/ Pan Card/ Voter ID Card
Proof of Residence- Leave and License Agreement/ Utility Bill/ Passport
Last 3 months bank statement
Salary slip for 6 months
Utility bills for Residence ownership proof-

Interest Rates & Other Charges

Interest Rates	11.5% - 24%
Processing Fee	0-2.0% of loan amount
Prepayment Charges	5% of Principal Outstanding
Collection Charges	30%
Dishonour Charges Per Instance	750 INR
EMI Bounce Charge	400 INR Per Bounce

So, whatever your dream is, don’t wait anymore and apply at Kotak Personal Loan to get hassle free loans.

HOME LOAN

Kotak Home Loan provides easy loans to realise your dream of having your own beautiful home. Kotak home loans provide flexible interest rates, easy payment options and fast disbursal.

Eligibility Criteria

Applying for home loan depends on several factors. Some of the factors are
Monthly or Yearly income
Savings and credit history
Work experience
Qualification
Number of Dependents

Documents Required

Application form
Identity, Address proof
Last 6 months bank statement
Last 3 months salary slip
Proof of educational qualification

Interest Rates and Other Charges

Loan Amount	80% if property valued at 25- 75 lakh, 75% for valuation of 75 lakh and beyond.
Interest Rates	9.50% - 9.65% floating
Loan Processing Fee	0.25 %
Loan Tenure	Upto 20 years

GOLD LOAN

Kotak Gold Loan offers spectrum of opportunities. Kotak Gold Loan can be used to serve plethora of needs such as

Education for children
Business expansion or working capital needs
Down payment for purchase of property and vehicle
Agricultural needs
Medical emergency and others
So put your gold to better use by securing a hassle free instant loan for a better future and a peaceful present.

Eligibility Criteria

Kotak allows its patrons to walk into any of its Gold Loan counters and avail loan amount of 25,000 INR - 25,00,000 INR by depositing their gold at attractive interest rates. Kotak Gold Loan offers most attractive per gram rate coupled with fast documentation process.

Interest Rates and Other Charges

Loan Amount	25,000 INR - 25,00,000 INR
Interest Rates	-
Commitment Charges	1250 INR per quarter
Processing Fee	2%

Documentation Required

Three passport size photograph
Identity proof such as Passport, PAN Card, Driving License, Aadhaar Card, Voter Card
Address proof such as Passport, Lease Agreement, Utility Bills

If you need to avail a short-term loan at lower interest rates, Kotak Gold Loan is a very useful financial instrument to go with.

LOAN AGAINST PROPERTY

Kotak Loan Against Property (LAP) offers mortgage loan against property at attractive interest rates for long tenures. So, if your loan requirement is high and you want a longer payout period Kotak Loan Against Property is the best loan instrument for you. Kotak offers quick disbursal and hassle-free documentation process for the Kotak Loan Against Property.

Some of the key features of Kotak Loan Against Property are

Loan in range 10 lakh to 3 crore
Flexible interest rates ranging from 12.5% - 13.0%
Quick disbursal
Hassle-free documentations
1% Processing fee
Age limit of 21 - 65 years

If you want to avail higher loan amount for any of your personal or business needs for a longer loan tenure, Kotak Loan Against Property is the right financial tool for you.