Kotak Mahindra Bank Personal Loan Eligibility Criteria - Apply Now at Afinoz

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Kotak Mahindra Bank Personal Loan Eligibility
Criteria 

• Kotak Mahindra Bank Provide Personal loan at
  Lowest Interest Rate with Instant Disbursal

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Kotak Mahindra Bank personal loan eligibility
criteria
Age The minimum age of an applicant should be 21 years at the time of application The maximum age of an individual should be 58 years
Credit score Applicant needs to have a good credit score to get a personal loan from Kotak Mahindra
Total work experience Salaried professional employed with an MNC, public or private limited company who has a minimum work experience of at least 1 year
Loan amount Up to 15 lakhs
Qualification Applicant should at least be a graduate 
Loan tenure 12 months to 60 months
Residential status Indian must be a resident of the current city for at least one year
Interest rate Starting from 10.99 p.a.

• The following table lists the eligibility
  criteria for Kotak Mahindra personal loan

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What are the top factors that affect your Kotak
Mahindra personal loan eligibility?

• Age Lenders use your age, among other factors,
  to determine your eligibility for a personal
  loan. Age of the applicant should be between 21
  years and 58 years to apply for a Kotak Mahindra
  personal loan. Since young borrowers have much
  time to earn money and repay the loan, they can
  more easily qualify for a personal loan than
  individuals who are in their 50s or approaching
  retirement.
• Monthly salary To apply for a personal loan, you
  must have a stable job and good cash flow. Your
  net salary should be Rs. 20,000 per month to get
  a Kotak Mahindra personal loan. Your monthly
  income enables the lender to evaluate how much
  personal loan you can get at what interest rate.
  Income requirement may vary from applicant to
  applicant based on the city of their residence.
• Credit score Personal loans are unsecured loan,
  and a credit score helps lenders to assess your
  payment behaviour. Your credit score shows how
  responsible you have been in handling your debts.
  You need to have a good credit score to get a
  personal loan from Kotak Mahindra Bank.
  Generally, a credit score of 750 or above is
  considered perfect for a personal loan.
• Job and work stability Lenders also look at your
  employment status and the organisation you work
  with at the time of assessment of your
  eligibility for a personal loan. It helps them
  figure out how capable you are of repaying a
  personal loan. Generally, salaried individuals
  should have at least 1 year of work experience
  and should have worked for at least 1 year in
  their job to get a Kotak Mahindra personal loan. 

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Documents required for Kotak Mahindra Bank
personal loan

• Kotak Mahindra Bank personal loan needs a short
  and simple documentation process. Borrowers need
  to provide basic documents to avail a quick
  personal loan. The following is a checklist of
  the documents required from personal loan
  applicants. 
• Proof of identity Passport /PAN card /Driving
  license /Voters ID /Aadhaar card
• Proof of residence Leave License Agreement/
  Ration card /Utility bill (not more than 3 months
  old) / Passport - provided the passport has the
  present address mentioned in the loan application
  form
• Credit information PAN card to check your credit
  history
• Income proof Salary slips for the last 3 months 
• Salary slips for the past 3 months
• Bank statement Bank statement for the last 3
  months with income details
• 2-3 passport size photographs

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How to apply for Kotak Mahindra Bank personal
loan through Afinoz?

• Afinoz has designed a short and simple platform
  for individuals searching for financial products,
  including personal loan and business loan. You
  can apply for a personal loan by clicking Apply
  Now button on the personal loan page. Now fill
  the short and simple personal loan application
  form to check your eligibility. You will receive
  personalised offers from multiple lenders,
  including Kotak Mahindra Bank, based on your
  eligibility. As per the requirements and offers,
  you can apply for a personal loan from Kotak
  Mahindra Bank.

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Why is Afinoz?

• Afinoz is a one-stop destination for customised
  rate quotes on loans and investment products in
  India. The company is owned by DS Finworld Pvt.
  Ltd. Our objective is to make personal financial
  decisions easy, seamless and transparent for our
  customers. We have designed a system that
  provides comprehensive results and enables
  customers to compare products simultaneously so
  that they can access the right product.
• You can contact our team to get more information
  or apply for a loan or investment by calling on
  91 120 411 0376 or by emailing at
  info_at_afinoz.com. Afinoz.com provides solutions
  that are quick, reliable, transparent,
  confidential and, above all, free. 

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