Kotak Mahindra Bank Personal Loan in Purnea, Bihar

Avyud Finance offers Personal Loan from Kotak Mahindra Bank to the single expert source for all your financial needs. Unexpected expenses, education, wedding in the family, home improvement or that long awaited vacation. Kotak Mahindra’s range of Personal Loan can help. To apply for any type of loan it is necessary to fulfill the basic documentation requirement. If you apply for a Personal Loan with Kotak Mahindra Bank through Avyud Finance, you will easily get a Personal Loan with minimum documents.

EMI Calculator

Loan Amount

₹

500000

No. of Months

months

Rate of Interest

Monthly EMI

₹

₹ 32,124.56

Total Interest

₹

10,622.78

Principal Amount

₹

500000

Payable Amount

₹

160,622.78

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 Personal Loan Important Information

Kotak Mahindra Bank's Personal loans can be the ideal solution. Kotak Mahindra Bank’s personal loans give you instant funds for any financial need that you may have. Whether you want to go on a vacation or plan a marriage or pay for emergency medical costs, Kotak Mahindra’s instant personal loan can come to your aid. Get loans up to Rs.25 lakhs and that too without any collateral. The interest rate starts at 10.25% per annum (“p.a.”). The documentation is simple to get funds at the earliest.

Eligibility Criteria for Kotak Mahindra Bank Personal Loan

Availing of a personal loan is easy. However, you need to meet the personal loan eligibility criteria specified by the lender to get the loan sanctioned.

Kotak Mahindra Bank offers personal loans with simple eligibility parameters. Employed individuals aged between 21 and 60 years can avail of personal loans for their financial needs.

Kotak Mahindra Bank offers personal loans ranging from Rs. 50,000 to Rs. 25 lakhs for various personal and commercial purposes. So, check your eligibility and avail Kotak Mahindra Bank’s quick personal loans.

Documents Required for Kotak Mahindra Bank Personal Loan

Documents Required for Kotak Mahindra Bank Personal Loan

Proof of Residence like Utility Bill, Passport or Leave and License Agreement

Bank Statement for the last 3 months with income details

Salary slip for the last 3 months
2-3 Passport Size photographs

Fees & Charges for Kotak Mahindra Bank Personal Loan

Fixed Interest Rate: Starting from 10.25% p.a.

Loan Processing Charges: Upto 2.5% of the loan amount+ GST and other applicable statutory levies.

Stamping Charges: Applicable as per the respective State's Stamp Act

Credit Administration Charges: Upto 5% of the Loan amount, not exceeding Rs. 7500 (inclusive of GST )

Credit Appraisal Charges: Upto 5% of the Loan amount, not exceeding Rs. 7500 (inclusive of GST )

Overdue Interest: 3% p.m compounded monthly on the Amount due but unpaid from the Date of the Amount falling Due till the Date of actual payment

Collection Charges: 30% (inclusive of GST and other applicable statutory levies)of cheque / instrument dishonour charges+ overdue interest

Dishonour Charges: Per Instance Rs. 750 per instance (inclusive of GST and other applicable statutory levies)

FAQ for Kotak Mahindra Bank Personal Loan

Is it possible to change my personal loan Installment date?

Yes, it is possible to change the Installment date. The dates are available between 2nd and 10th of every month. Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable GST. You would need to provide a request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre/7 working days post the EMI date.

When can I swap my PDC's and what are the charges?

PDC's need to be swapped at least 7 working days pre/7 working days post the Installment date. Charges* applicable would be Rs.500/- per instance plus applicable GST.

How can I get my Statement of Account?

You can download your statement for free.

How can I get my new address updated on my Personal loan?

Please follow the below procedure:

You would need to call our 9:00 AM to 7:00 PM from Monday to Saturday (excluding Sunday & Holiday) helpline number 1860 266 2666 (local call rates applicable) or visit the nearest Kotak Mahindra bank branch to inform about the change in correspondence address

You would need to carry the photocopy and original document of your new address for verification. Some of the address proofs are electricity bill/passport copy/ration card/aadhaar card/utility bill etc

The new address will be updated in the bank’s records within 2 working days post submission of the above mentioned documents.

How can I get my Repayment Schedule ?