Kotak Mahindra Bank Personal Loan 2025

1. Anyone between the ages of 21 years and 60 years can get access to this loan.
2. The applicant must be an active employee of a public or private sector company for at least one year.
3. The applicant must earn at least Rs.20,000 per month to be eligible for this loan.
4. The applicant must at least be a graduate/diploma.
5. The applicant must be a resident of the current city for at least one year.
6. The applicant must have a minimum work experience of at least one year.

Documents Required to Apply for a Kotak Personal Loan

The following list of documents must be submitted to get the personal loan offered by Kotak Mahindra Bank:

1. Proof of identity (PAN, Aadhar, driving license, voter's ID, etc.)
2. Proof of residence (Utility bill, passport, etc.)
3. 3 passport size photographs
4. Salary slips for at least 3 months
5. Bank statement for the last 3 months

How to Check Kotak Bank Personal Loan Status?

You can track the kotakbank personal loan status on the website of Kotak Bank. To do this, follow the steps given below:

1. Visit the Kotak Bank website.
2. Click on 'Get Help' at the top right of the page.
3. Click on 'Help Centre'.
4. From the menu list on the page, click on 'Loans'.
5. Click on 'Personal Loans'.
6. Click on 'Loan Application Status'.
7. This will direct you to the next page with the button 'Loan Application Status'. Click on that.
8. From the dropdown menu, select the type of loan.
9. On the next page, you would need to input any one identifier, such as the application form number, mobile number, PAN number and date of birth, first name and date of birth, etc.
10. The status of your loan will now be generated.

Kotak Mahindra Personal Loan Balance Transfer

If you have an existing loan which you wish to repay, you can do it so by transferring it from one bank to another so that you can avail better terms including lower interest rates. This facility also helps in reducing your debt burden.

You can apply for this facility by sending an SMS 'PLBT' to 5676788

Kotak Personal Loan Fees and Charges

The fees and charges associated with Kotak Mahindra Bank personal loan are given as follows:

How Does EMI Calculation Work for Kotak Mahindra Bank Personal Loans?

Let's consider the example below. You take a personal loan of Rs.1 lakh from the bank. The bank charges an interest rate of 10.99% p.a. for a loan tenure of 1 year. The repayment schedule for this loan is given as follows:

How to Contact Kotak Bank Personal Loan Customer Care?

You can contact Kotak Bank personal loan customer care through the following ways:

1. Call phone banking at 1860 266 2666 (this is a 24x7 helpline number for which standard call charges apply).
2. If you are an 811 customer, you can call the number 1860 266 0811.

Quick Summary of Kotak Mahindra Personal Loan Features

Personal loans provide quick access to funds during emergency financial needs. The personal loan offered by Kotak Mahindra Bank is intended just for that purpose. If you are having a sudden financial emergency, you may reach out to Kotak Mahindra and apply for a personal loan. The reasonable interest rates and flexible repayment options can help you take care of your emergency financial needs without leaving a big dent in your monthly budget.

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score