Apply Kotak Mahindra Bank Personal Loan Online
Explore 2017 Interest rates available for Kotak Bank Personal Loan. Check eligibility criteria, EMI calculator documents required and get instant approval.
Now you can fulfill your urgent need of money by applying for personal loan from Kotak Mahindra Bank.
Following are the features of Kotak Mahindra Bank-
Below is the detailed information for Kotak Personal Loan Interest Rates -
|Loan||Business Loan||Personal Loan|
|Interest Rate||-||11.5% to 24%|
|Loan Processing Charges||Upto 3% of Loan amount||Upto 2% of the loan amount.Service tax and other applicable statutory levies|
|Documentation Charges||3% of Overdue Amount, compounded monthly||3% of Overdue Amount, compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment|
|Prepayment Interest / Forclosure Charges||Lock in period till payment of first 6(six) monthly installment fully. Post 6 EMIs, 5% of foreclosure Loan Amount (plus Service Tax and other applicable statutory levies)||Lock in period for 12 months. After 12 months, 5% foreclosure charges + service tax on principal outstanding|
You are eligible for Kotak Mahindra Bank Personal Loan, only if you meet the below mentioned criteria-
You require submitting following documents while applying for Kotak Mahindra Bank Personal Loan-
You can know the exact amount that you need to pay every month by using Kotak Mahindra Bank Personal Loan EMI Calculator.
Below is the formula for calculating your EMI-
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