|Rate of interest||11.5% per annum to 24% per annum|
|Loan Amount availed||Maximum loan amount: Rs.15 lakhs
Minimum loan amount: Rs.50000/-
|Holding Period||1 year to 5 years|
|EMI (lowest)||Rs.1100/- (applicable for the maximum tenure of the lowest loan amount)|
|Processing charges||Applicable GST + 2% of the loan amount|
|Age||Minimum age: 21 years
Maximum age: 58 years
|Prepayment fees||Mortgage lock period is for one year. GST on outstanding principal amount + 5% foreclosure charges after one year.|
|Foreclosure fees||GST on outstanding principal amount + 5% foreclosure charges|
The personal loans offered by Kotak Bank provides the customer with an efficient way of availing credit options where he/she can use it to plan a vacation, deal with unexpected expenses, pay the college education fees and more. Kotak Bank personal loans can help you make the best out of the worst situation as these loans can be easily availed with low waiting periods and minimum documentation requirements.
The salaried individuals can easily apply for a personal loan from Kotak Bank following the eligibility criteria.
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614