Kotak Mahindra Bank Personal Loan of 10000

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Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Struggling with a lack of funds halfway through the month or facing an unexpected expense at the end? Needing your salary to secure your upcoming vacation? Temporary loans come to the rescue in these situations! PayDay loans offered by Kotak Mahindra Bank are just a few clicks away, allowing you to repay the borrowed money when your next month’s salary arrives. As the loan tenure increases, the monthly repayments on the loan decrease.

Personal Loan Options for 10000 in Kotak Mahindra Bank

Kotak Mahindra Bank’s small loans are the perfect solution for your minor financial requirements. When you encounter a situation where you require additional funds, a small personal loan can be the answer. With Kotak Mahindra PayDay Loan, you can borrow as little as INR 3000. Whether it’s a monetary setback in the middle of the month or an emergency towards the end, a PayDay loan can offer the necessary financial support.

Features of Bank 10000 Personal Loan

  • Loans from Rs. 3,000/- up to Rs. 1.5 lac.
  • Attractive interest rates
  • Instant online disbursal to your Kotak Bank account
  • Smaller Repayment Tenure
  • Minimal documentation
  • No Collateral Requirement

Can I get a 10000 Personal Loan Instantly from Kotak Mahindra Bank?

Kotak Mahindra Bank usually provides personal loans that start at a minimum of INR 50,000. Nevertheless, if you already have a banking connection with the bank, you might qualify for an overdraft option to address urgent financial requirements of a smaller sum, such as INR 10000.

What is the EMI for a 10000 Loan?

Based on a loan amount of INR 10,000, an annual interest rate of 10.99%, and a loan tenure of 1 year (12 months), the EMI would be approximately INR 883.77.

Eligibility Criteria 10000 loan in Kotak Mahindra Bank

The 10,000 personal loan eligibility for Kotak Mahindra Bank customers is listed below:

  • Indian Residents 
  • Aged between 21-58 years
  • Salary account with Kotak Mahindra Bank
  • Minimum net monthly salary of Rs.10,000/- 

Documents Required 10000 Kotak Mahindra Bank Loan

The list of 10000 personal loan documents for Kotak Mahindra Bank customers is as follows:

  • Identity Proof: (Aadhar card/ Voter’s ID/ Valid Passport/ others)
  • Address Proof: (Utility bills, Aadhar Card, Voter ID, others)
  • Income Proof: (Salary slips/ Balance Sheet and P&L account)
  • Photographs
  • Other Documents

How to Apply for a 10000 Personal Loan from Urban Money

Urban Money makes it easy for anyone to apply for an INR 10000 personal loan. We provide a comprehensive guide on how borrowers can apply for a loan successfully. Contact us for a seamless experience, from completing the application to submitting the necessary documents. Reach out to our Customer Care team at 1800 208 3344 or visit our website  https://www.urbanmoney.com.

Frequently Asked Question (FAQs)

How long does it take for Kotak Mahindra Bank to approve a 10000 personal loan?

The approval time for a personal loan from Kotak Mahindra Bank can vary based on several factors, including the applicant’s credit profile, the completeness and accuracy of the documentation provided, and the bank’s internal processing guidelines.

What are the interest rate ranges for Kotak Mahindra Bank's 10000 personal loans?

The interest rate for Kotak Mahindra Bank for INR 10000 personal loan starts at 10% per annum.

Can I apply for a 10000 Kotak Mahindra Bank personal loan online?

Yes, you have the option to submit an online application for a personal loan from Kotak Mahindra Bank for INR 10000.

Are there any hidden charges in Kotak Mahindra Bank personal loan agreements?

Kotak Mahindra Bank, like most lenders, outlines all the charges associated with a personal loan in the loan agreement.

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