Kotak Mahindra Bank Personal Loan of 10 lakh

Kotak Mahindra Bank offers a ₹10 Lakh personal loan for many purposes, including home renovations, higher education, or unforeseen medical bills. You can also apply for loans ranging from ₹50,000 to ₹40 Lakh if you need more or perhaps less.

Features of Kotak Mahindra Bank’s 10 Lakh Personal Loan

Here are the critical features of the Kotak Mahindra Bank’s ₹10 Lakh personal loan:

• Loan amounts up to ₹40 Lakh
• Zero collateral requirements
• Simplified application process with minimal documentation
• Flexible repayment options: choose from 1 to 6 years
• Competitive interest rates starting from 10.99%* p.a.
• Digital KYC and video verification for a seamless experience
• Versatile usage with no restrictions on how you use the loan amount

Can I Get a 10 Lakh Personal Loan Instantly from Kotak Mahindra Bank?

While obtaining a 10 Lakh personal loan instantly from Kotak Mahindra Bank may not be possible, you can still secure a personal loan of up to 5 Lakh within just 30 minutes.

What is the EMI for a 10 Lakh loan?

To determine the EMI for a 10 Lakh loan from Kotak Mahindra Bank, you can use an online EMI calculator. Ensure you have the following details for accurate calculation:

• The loan amount value (for instance, 10 Lakh)
• Current rate of interest on the loan (10.99%)
• Your specified loan repayment tenure

Eligibility Criteria for a 10 Lakh Loan in Kotak Mahindra Bank

To find out if you are eligible for a 10 Lakh personal loan from Kotak Mahindra Bank, here are the primary criteria as follows:

• Salaried employees can apply
• The age range should be 21 to 60 years
• For Kotak Mahindra Bank salary account holders, the minimum net monthly income must be at least ₹25,000
• For Non-Kotak Mahindra Bank salary account holders, the minimum net monthly income must be at least ₹30,000
• Kotak Bank employees should have a minimum net monthly income of ₹20,000
• Applicants must have a graduate degree
• 1 year of work experience is required
• A good CIBIL score is needed

Documents Required for a 10 Lakh Kotak Mahindra Bank Loan

To secure a ₹10 Lakh personal loan, the following documents are essential:

• PAN card, Aadhar card, Voter’s ID card, Passport, or Driving License
• Last 3 months’ bank statement
• Residence proof
• Last 3 months’ salary slip
• 2-3 passport-sized photographs

How to Apply for a 10 Lakh Personal Loan from Urban Money?

 To apply for a 10 Lakh personal loan from Urban Money:

• Visit Urban Money’s official website
• Go to the personal loan section
• Click on the Apply Now button, fill in the required details, and click on the Submit button

Once done, a company representative will get in touch with you to guide you through the process.