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Is Kotak Mahindra Bank good for personal loan?

Is Kotak Mahindra Bank good for personal loan?

Kotak Mahindra Bank offers very good interest rates for personal loans. It has a fixed interest rate starting from just 10.25% p.a. The eligibility for acquiring a loan from Kotak Mahindra Bank is simple and hassle-free.

What is the EMI of 1 lakh loan?

EMI for Rs 1 lakh Personal Loan for Tenures of 1-5 years

Loan Amount (Rs) Tenure (years) EMI (Rs)
1 lakh 2 4,661
1 lakh 3 3,274
1 lakh 4 2,585
1 lakh 5 2,174

What is the procedure for personal loan in Kotak?

To avail of a personal loan from Kotak Mahindra Bank, you need to submit your basic KYC documents along with an income proof and photographs. The documents required include a valid ID proof, address proof, bank statement and salary slips of the last 3 months and 2-3 passport-sized photographs.

What is the EMI for 1.5 lakhs personal loan?

Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
1.5 lakh 14.00% Rs. 5,127
1.5 lakh 15.00% Rs. 5,200
1.5 lakh 16.00% Rs. 5,274
1.5 lakh 18.00% Rs. 5,423

How much personal loan can I get?

However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income.

What is the EMI for 2 Lakh personal loan?

Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
2 lakh 15.00% Rs. 6,933
2 lakh 16.00% Rs. 7,031
2 lakh 18.00% Rs. 7,230
2 lakh 20.00% Rs. 7,433

What is the EMI for 3 lakh personal loan?

Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
3 Lakh 14.00% Rs.10253.29
3 Lakh 15.00% Rs.10399.6
3 Lakh 16.00% Rs.10547.11
3 Lakh 18.00% Rs.10845.72

What is the EMI for 2 lakhs personal loan?

Can I get 2 lakhs personal loan?

Personal loans of Rs 2 lakh can be availed from almost all banks/NBFCs. The interest rates of Rs 2 lakh personal loan usually starts from 10.25% p.a. onwards for tenures of up to 5 years. However, some Public Sector Banks might offer personal loans of Rs 2 lakh at lower interest rates and for longer tenures.

What is the EMI for 4 lakhs personal loan?

Calculated Monthly EMI for 400000 of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
4 Lakh 14.00% Rs.13671.05
4 Lakh 15.00% Rs.13866.13
4 Lakh 16.00% Rs.14062.81
4 Lakh 18.00% Rs.14460.96

What is the EMI for 2 lakh personal loan?

What is the minimum salary for Kotak personal loan?

Your monthly income is the most important element when finding out your personal loan eligibility. Minimum salary requirement to avail a personal loan from Kotak Mahindra Bank is: Corp Salary: Rs. 25,000.

Can I get personal loan with 15000 salary?

Personal loan has been commonly accepted by borrowers belonging to different salary slabs. Those earning a salary of Rs 15,000 belong to the starting range of a personal loan eligibility criteria. It means a minimum of 15,000 salary is mandatory to avail a personal loan.

Who is eligible for a personal loan at Kotak Mahindra?

Any Indian resident who is an active employee of an MNC, Public or Private limited company and is between 21- 58 years of age is eligible for availing a personal loan at Kotak Mahindra. The following are some of the other criteria for availing a Personal loan.

Where is the Office of Kotak Mahindra Bank in Ahmedabad?

Shivranjani Cross Road, Satellite, Ahmedabad – 380015 Kotak Mahindra bank ltd, Ist Floor, Opp Hotel International, ”Kanaka Damodar Bldg”, Veekshanam Road, Cochin – 682035. Kotak Mahindra Bank Ltd., “Manisha Pride”, J N Road, Mulund (West), Mumbai, Maharashtra – 400080.

Is Kotak Mahindra Bank responsible for the information shared with Paytm?

Such links are provided only for the convenience of the Client and Kotak Mahindra Bank does not control or endorse such websites, and it is not responsible for the information shared by you to PayTM.Proceed Proceed Disclaimer Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to,

How to calculate EMI on Kotak Mahindra pl loan?

Just enter in the loan amount, tenure, and interest rate and check the potential EMI of the loan. You can also change the EMI by changing the inputs to find the best amount that suits your pocket. Kotak Mahindra Bank’s PL EMI calculatoralso shows you the total interest paid during the loan tenure.