Kotak Mahindra Bank Personal Loan of 8 Lakh

With competitive interest rates and flexible repayment options, Kotak Mahindra Bank’s personal loan of 8 lakh can help you bridge the gap between your aspirations and reality, whether you’re pursuing higher education or planning your dream vacation. Kotak Mahindra Bank’s personal loan offers a convenient financial solution. 

Features of Kotak Mahindra Bank 8 Lakh Personal Loan

Kotak Mahindra Bank Personal Loan offers several features that include:

• Flexible loan amount from 50,000 to 40 lakh
• Attractive interest rates starting from 10.99%
• Flexible repayment tenure (12 to 72 months)
• Digital KYC and Video Verification
• Quick approval and instant disbursal
• Part-prepayment and foreclosure facility
• No collateral required
• Online application

Can I get an 8 Lakh personal loan instantly from Kotak Mahindra Bank?

Kotak Mahindra Bank offers flexible personal loans with fast processing times; however, several factors influence the application approval decision. To increase your chances of loan approval, proceed with the online application and ensure to meet eligibility criteria. In addition, you need a good credit score and complete documentation for a successful loan application. 

What is the EMI for an 8 Lakh loan?

The EMI for an 8 lakh loan from Kotak Mahindra Bank depends upon several factors, such as the interest rate and loan tenure. If the interest rate is 10.99% for a 5-year tenure, the 8 lakh personal loan EMI could be Rs.17,389. However, the EMIs may also vary based on interest rates and specific loan terms. Check with the bank for accurate EMI calculations based on the current interest rates.

Eligibility Criteria: 8 Lakh Loan in Kotak Mahindra Bank

For eligibility for a personal loan of up to 8 lakhs from Kotak Mahindra Bank, individuals typically need to meet certain criteria:

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

For instant 8 lakh loan Kotak Mahindra Bank approval, it’s mandatory for the applicant to hold Indian citizenship. 

Documents Required: 8 Lakh Kotak Mahindra Bank Loan

To apply for an 8 lakh loan from Kotak Mahindra Bank, you will need the following documents:

• Duly filled online loan application form
• 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 an 8 Lakh Personal Loan from Urban Money?

Ready to unlock your financial goals? Eligibility checked? Documents prepared? Apply for a personal loan now with Urban Money. Get expert guidance every step of the way and experience instant approval and disbursal!

Call us at 1800 208 3344 or visit our website.