Kotak Mahindra Bank Personal Loan of 6 Lakh

Secure your financial goals with Kotak Mahindra Bank’s personal loan of 6 lakh at competitive rates. Address emergencies, fund higher education, or realise personal aspirations. With minimal documentation and flexible repayment, it provides a tailored solution to meet your immediate financial needs, ensuring peace of mind and financial stability. 

Personal Loan Options for 6 Lakh in Kotak Mahindra Bank

Kotak Mahindra Bank provides multiple personal loan options, including loans for education, travel, medical emergencies, and other purposes, with amounts starting from INR 50,000.

Features of the Bank’s 6 Lakh Personal Loan

Kotak Mahindra offers a personal loan of 6 lakh with attractive features to meet diverse financial needs. Key points include:

• Loan amounts up to 40 lakhs
• Competitive interest rates
• Quick approval and disbursal
• Flexible tenure options – 1 to 6 years
• Zero Collateral required
• Digital KYC and video verification
• Minimal documentation
• Convenient repayment options
• Part-prepayment facility

Can I Get a 6 Lakh Personal Loan Instantly from Kotak Mahindra Bank?

Approval time may vary, but Kotak Mahindra Bank offers quick personal loan processing, providing speedy access to funds. You must meet the eligibility criteria and possess a good credit score to be able to get a 6 lakh personal loan from Kotak Mahindra Bank. 

What is the EMI for a 6 lakh loan?

The EMI for a 6 lakh loan from Kotak Mahindra Bank depends upon factors like the interest rate, loan tenure, and processing fees. If the interest rate is 10.99% for a 5-year tenure, the 6 lakh personal loan EMI could be 13,042 monthly. Actual values may vary based on specific loan terms and prevailing interest rates. 

You can use an EMI calculator to determine your payments. It is advised to check with the bank for accurate calculations based on the current rates and your financial profile.

Eligibility Criteria of a 6 Lakh Personal Loan in Kotak Mahindra Bank

For 6 lakh personal loan eligibility, Kotak Mahindra Bank typically requires individuals to have the following:

• Minimum monthly salary of 25,000 (20,000 for Kotak Bank employees) 
• A good credit score
• Aged between 21 and 60 years
• Employed with the current organisation for at least 1 year

The applicant must hold Indian citizenship to be eligible for an instant 6 lakh loan from Kotak Mahindra Bank. 

Documents Required for a 6 Lakh Kotak Mahindra Bank Loan

To apply for a 6 lakh loan from Kotak Mahindra Bank, you will need the following documents:

• Valid identity proof (PAN, Aadhaar, Driving License)
• 2-3 passport-size photographs
• Proof of income (Salary slips, tax receipts, bank statements) 

How to Apply for a 6 Lakh Personal Loan from Urban Money?

Have your documents ready? Apply for a 6 lakh personal loan. Receive expert guidance from Urban Money throughout the process for instant approval and disbursal. Visit our website or call us at 1800 208 3344.