Kotak Mahindra Bank Personal Loan of 50000

The Kotak Mahindra Bank personal loan of ₹50,000 is an attractive financing option. As it falls under collateral-free finance, you can secure the necessary funds without pledging any of your assets as collateral or security. The bank ensures that eligible applicants can expect fund disbursement in as quick as 48 hours, making it a more borrower-friendly personal loan. The bank also offers a competitive interest rate, moderate eligibility criteria, minimal documentation, flexible repayment options, and an online application, further enriching the overall appeal of this credit option. However, there are certain things you might be aware of before initiating a loan application. These include the expected ₹50,000 personal loan EMI, the prevalent interest rate, associated fees, the application process, and other relevant details of an instant ₹50,000 loan at Kotak Mahindra Bank. Continue scrolling down to learn more.

Personal Loan Options for ₹50,000 in Kotak Mahindra Bank

Here are some popular reasons why people apply for a Kotak Mahindra Bank personal loan of ₹50,000:

• Medical emergency
• Debt consolidation
• Utility bill payment
• Car repairs
• Funding a holiday
• Big purchases 

Features of Kotak Mahindra Bank ₹50,000 Personal Loan

Here are the applicable features you can expect in an instant ₹50,000 loan from Kotak Mahindra Bank:

• There is no need for any collateral 
• Can be used for any purpose
• Easy application process 
• Quick fund disbursal
• Competitive interest rate
• Flexible repayment terms 

Can I Get a ₹50,000 Personal Loan Instantly From Kotak Mahindra Bank?

After you have submitted your loan application with all necessary documents, the funds should be credited into your bank account within 48 hours. For any additional queries or issues, please feel free to visit the official website of Urban Money. There, you can determine your eligibility, calculate your estimated EMI, and compare various lenders and their offers. You also have the option to speak with our loan expert, who is available to assist you throughout the process until the loan amount hits your bank account.

What Is the EMI for ₹50,000 Loan?

Here is a list of ₹50,000 personal loan EMI with Kotak Mahindra Bank, spanning a tenure of up to 6 years. The interest rate assumed here is 10.99% per annum. 

Eligibility Criteria ₹50,000 Loan in Kotak Mahindra Bank

₹50,000 personal loan eligibility at Kotak Mahindra Bank is as follows: 

• The applicant must be aged between 21 and 60 years old.
• The applicant must have a minimum monthly income of ₹25,000 to ₹30,000.
• The applicant must have at least one year of work experience.
• The applicant must have a good CIBIL score and credit history.
• The applicant must be an Indian citizen.

Documents Required ₹50,000 Kotak Mahindra Bank Loan

₹50,000 personal loan documents at Kotak Mahindra Bank are as follows:

• Proof of Identity: PAN Card, Passport, Aadhaar card, or Driving licence.
• Proof of Address: Passport, Aadhaar card, or Driving licence.
• Proof of Income: Bank statement for the last 3 months and salary slip for the last 3 months.
• Additional Documents: 2-3 passport-sized photographs.

How to Apply for ₹50,000 Personal Loan From Urban Money?

To apply for a ₹50,000 personal loan from Kotak Mahindra Bank, simply follow these straightforward steps:

• Go to the official website of Urban Money.
• Click on the “Loan” option, and then select “Personal Loan” from the horizontal menu bar on the home screen.
• You will be directed to a new page titled “Personal Loan,” where you can find an array of lenders who offer ₹40,000 personal loans. 
• Scroll down to locate Kotak Mahindra Bank and click on the “Enquire Now” button.
• A short digital form will appear on your screen. Fill in your name, mobile number, and city.
• A 6-digit OTP will be sent to the entered mobile number.
• Enter this OTP and hit the “Submit” button.
• Within a day, our dedicated loan specialist will contact you regarding your chosen lender and guide you until the loan amount is credited to your bank account.