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Kotak Mahindra Bank Business Loan in Purnea, Bihar

Avyud Finance offers Business Loans through Kotak Mahindra Bank with 16% onwards interest rate. The bank has a financial solution to cater to all sectors of the business including agriculture, manufacturing, and service providers. At Avyud Finance, we understand how every little step makes an enormous difference in reaching your business goals. to assist you to meet newer milestones of success a day, we provide a variety of collateral-free customized commercial loan solutions best fitted to your business requirements.





EMI Calculator

₹ 

500000

36

 months

10

 %

Monthly EMI

₹ 

₹ 32,124.56

Total Interest

₹ 

10,622.78

Principal Amount

₹ 

500000

Payable Amount

₹ 

160,622.78

Created with Highcharts 4.1.3 EMI Calculator Loan : 93.4 % Interest : 6.6 %
Pay
No.		 Begining Balance EMI Principal Interest Ending Balance
1 150000.00 32124.56 28637.06 3487.50 121362.94
2 121362.94 32124.56 29302.87 2821.69 92060.07
3 92060.07 32124.56 29984.16 2140.40 62075.91
4 62075.91 32124.56 30681.30 1443.26 31394.61
5 31394.61 32124.56 31394.64 729.92 -0.03


Kotak Mahindra Bank Business Loan Important Information






Eligibility Criteria for Kotak Mahindra Bank Business Loan






Documents Required for Kotak Mahindra Bank Business Loan


Identity Proof

PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card


Address Proof

Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)


Ownership Proof

Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate


Business Continuity Proof

Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations


Firm Constitution

MOA/PartnerShip Deed/GST Registration Certificate




Fees & Charges for Kotak Mahindra Bank Business Loan

Documentation Charges:


FAQ for Kotak Mahindra Bank Business Loan

    How do I calculate my Business Loan EMIs?

    To know how much EMI you would have to pay every month, try our easy-to-use business loan emi calculator. Simply enter the following details & Know your EMI:

    • Loan Amount
    • Desired Interest Rates (%)
    • Tenure in Years/Months

    Why should you apply for Kotak Business Loans?

    We at Kotak, have the required support ready for you with our Business Loan schemes. Get access to quality banking services and unlimited opportunities, some of which are:

    • Avail a loan from Rs. 3 lakh to Rs. 75 lakhs
    • Speedy approval of a loan
    • Smooth processing of a loan
    • Customised service to suit business needs
    • Minimal paperwork for availing a loan
    • Flexible options for repayment of a loan
    • To find out what more is in store for you, take a look at the features of our business loan.

    Who could be eligible for a Business Loan?

    Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:

    • The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
    • The business must have generated profit for a minimum of 1 year
    • The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
    • The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.

    What are the benefits of Kotak Business Loans?

    Kotak Business Loans are available from Rs. 3 lakhs to Rs. 75 Lakhs. Minimal paperwork and speedy approvals are designed to speed up the entire process, which helps us make your banking experience fruitful.

    To find out what more is in store for you, take a look at the details for a business loan.

    What is the minimum turnover requirement for a Business Loan?

    For availing Kotak’s business loan, the minimum turnover required is Rs.40 Lakhs.



Note: This content is taken from Kotak Mahindra Bank website