Kotak Overdraft Loan

1. Kotak Overdraft Loan Personal Loan Overdraft, Digi OD, and Smart Overdraft are the three overdraft loan options offered by Kotak Mahindra Bank. An immediate loan of up to Rs. 40,000,000 at an annual interest rate of 12.75 percent for up to 60 months of service. You can utilize the assets and pay them back whenever it might suit you. The amount of interest you pay is only based on how much you use. Following are the key details of Kotak Mahindra Overdraft Loan: Loan amount Rs. 50,000 to Rs. 40 Lakhs Rate of interest Starting at 12.75% p.a. Tenure Up to 60 months Security Not required Types Personal Loan Overdraft, Digi OD and Smart Overdraft Processing fees Up to 3% Renewal charges 1% of the renewal limit or Rs. 5000 whichever is higher Age 21 to 6o years Income At least Rs. 20,000 Kotak Overdraft Loan Types and Features Following are the types of Overdraft Loans offered by Kotak Mahindra Bank along with their key features:

2. Personal Loan Overdraft This overdraft loan allows the borrower to withdraw an amount at any time and repay the same at their convenience. It is the most preferred credit option to fulfil various personal funding requirements without any limit. Key Features: ● Get loan amount between Rs. 50,000 and Rs. 40,00,000. ● Repay in tenure up to 60 months. ● Kotak Overdraft Loan interest rate starts from 12.75% p.a. ● Instant access to cash anytime and anywhere. ● Loan can be used for planning a big event to meet an unexpected expense. ● You can use the limit and pay back at your convenience. The interest is charged only on the amount utilized. ● Manage the withdrawals and paybacks directly from your bank account. ● The bank offers 1 year fixed limit and a drop line limit thereafter, depending on the limit and tenure offered. ● Simple documentation process involved. ● Multiple withdrawals allowed through online transactions ● Transfer funds across Kotak as well as Non-Kotak Bank Accounts. ● Order for Demand Drafts. ● Pay your utility bills, credit card bills, etc. Smart Overdraft Kotak Smart Overdraft is an easy way for salaried individuals to manage their finances with an unsecured overdraft limit. Key Features: ● This facility is set on a current account linked to your savings account. ● If a withdrawal request hits your savings account and the balance is insufficient to complete the transaction, funds will be utilized from your current account to enable the transaction. ● Any excess funds parked in the customer’s savings account over a threshold will automatically be transferred to their overdraft account, helping them save on interest on their overdraft. Digi OD

3. With Kotak’s Digi OD (Digital Overdraft) facility, give your business the boost it needs. Avail of funds for your business easily by just logging into your net banking or mobile banking account and converting your existing Current Account to an Overdraft Account with a few clicks. Key Features: ● Get a quick unsecured overdraft loan up to Rs. 10 Lakhs for your business. ● Limit setting done within 72 hours post application. ● Completely paperless application process involved. ● No collateral is required to avail of this loan. Kotak Overdraft Loan Eligibility Below are the eligibility criteria for Kotak Overdraft Loans: Eligibility Criteria for Personal Loan Overdraft ● Age: ● for their financial needs. ● Nature of employment: ● Individual employed with a Public Limited Company, Private Limited Company or MNC. ● Minimum monthly income: ● ● Corporate salary borrowers: ● Rs. 25,000 ● Non-corporate salary borrowers: ● Rs. 30,000 ● A Kotak Mahindra Bank employee: ● Rs. 20,000 ● Minimum educational qualification: ● Graduation. ● Work experience: ● Minimum 1 year. Individuals aged between 21 and 60 years can avail of Kotak Personal Loan Eligibility Criteria for Digi OD ● This facility is currently available to Sole Proprietorship Entities only.

4. ● Applicant should have an active current account with Kotak Mahindra Bank with regular transactions. ● Applicant should be aged between 25 years and 65 years. ● Applicant’s residence and office should be in a serviceable location. Kotak Overdraft Loan Documents Required Following are the documentation requirement for Kotak Overdraft Loans: Documents Required for Personal Loan Overdraft ● Photo identity proof ● : Voter ID/ Passport/ ● Aadhaar Card ● / Driving License. ● Residence proof: ● Driving License/ Passport/ Voter ID Card issued by the Election Commission of India. ● Salary slips: ● Salary slips for the last 3 months. ● Income proof: ● Bank statement. Documents Required for Digi OD ● Uploading documents is optional for Digi OD but is recommended. You may upload your URC certificate or latest address proof (if it is different from that mentioned in the bank records). Kotak Overdraft Loan Fees & Charges Documents Required for Personal Loan Overdraft ● Processing fee: ● Up to 3% ● Renewal charges: ● 1% of the renewal limit or Rs. 5,000, whichever is higher ● Overdue interest: ● 3% p.m., compounded annually ● Overline interest:

5. 18% p.a. ● ● Non-utilization charges: ● 0.5% of the Average Operating Limit (AOL) if utilisation is below 10%. ● Swap charges: ● Rs. 500 per swap ● Charges for SOA (Physical): ● Rs. 200 + GST per instance Documents Required for Personal Loan Overdraft ● Processing fee: ● 2% of the sanctioned amount + GST & other applicable statutory levies ● Premature closure charges: ● 2% of sanctioned limit + GST if foreclosure is done before the annual review date. ● Overdue/Overline interest: ● 3% p.m. + GST & other applicable statutory levies, over and above the normal OD rate. ● Stamping charges: ● Applicable as per the respective State’s Stamp Act How to Apply for Kotak Overdraft Loan? Applying for the Overdraft Facility Through Bravima solution pvt ltd Bravima solution pvt ltd are partnered with tops banks to give you best loan facilities at attractive interest rates. We bridge the gap between you and our partner banks to provide you one stop solution for all your loan needs. zero commission fees Applying for Kotak mahindra overdraft flexi hybrid loan for salaried is a straightforward process. Follow these steps to initiate your application: Gather the Required documents. Before beginning the application process, gather the necessary documents, including identification proof, address proof, income proof, bank statements. Visit the Bravima solution website Go to the official Bravima solution website bravimasolution.com . Fill out the Apply Now form.

6. Provide accurate and complete information in the Apply Now form. Double-check the details to ensure accuracy. Submit the form. After filling out the application form, submit it along with the required documents. Kotak mahindra overdraft will review your application and communicate the approval status in a timely manner.