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

Any Indian residents who have employment with an MNC, public or private limited company with a decent income can apply for a personal loan from Rs. 50,000 up to Rs. 15 lakh from Kotak Mahindra Bank. An applicant needs to fulfill the basic loan eligibility criteria to avail of an instant personal loan from Kotak Mahindra Bank. Kotak Mahindra Bank personal loan eligibility criteria depend on individuals' credit score, income, age and loan amount. <br>

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

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  1. KOTAK MAHINDRA KOTAK MAHINDRA BANK PERSONAL LOAN BANK PERSONAL LOAN ELIGIBILITY CRITERIA ELIGIBILITY CRITERIA KOTAK MAHINDRA BANK PROVIDE PERSONAL LOAN AT LOWEST INTEREST RATE WITH INSTANT DISBURSAL

  2. KOTAK MAHINDRA KOTAK MAHINDRA BANK PERSONAL LOAN BANK PERSONAL LOAN ELIGIBILITY CRITERIA ELIGIBILITY CRITERIA •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 Age Applicant needs to have a good credit score to get a personal loan from Kotak Mahindra Credit score Salaried professional employed with an MNC, public or private limited company who has a minimum work experience of at least 1 year Total work experience •The following table lists the eligibility criteria for Kotak Mahindra personal loan: Loan amount Up to 15 lakhs Qualification Applicant should at least be a graduate Loan tenure 12 months to 60 months Indian; must be a resident of the current city for at least one year Residential status Interest rate Starting from 10.99% p.a.

  3. WHAT ARE THE TOP FACTORS THAT AFFECT YOUR WHAT ARE THE TOP FACTORS THAT AFFECT YOUR KOTAK MAHINDRA PERSONAL LOAN ELIGIBILITY? 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 organisationyou 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.

  4. DOCUMENTS REQUIRED FOR KOTAK MAHINDRA BANK DOCUMENTS REQUIRED FOR KOTAK MAHINDRA BANK PERSONAL LOAN 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 /Voter’s 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 2-3passport size photographs • • • • • • • •

  5. HOW TO APPLY FOR KOTAK MAHINDRA BANK HOW TO APPLY FOR KOTAK MAHINDRA BANK PERSONAL LOAN THROUGH PERSONAL LOAN THROUGH AFINOZ AFINOZ? ? • Afinozhas designed a short and simple platform for individuals searching for financial products, including personal loanand 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 personalisedoffers 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.

  6. WHY IS WHY IS AFINOZ AFINOZ? ? • Afinozis a one-stop destination for customised rate quotes on loans and investment products in India. The company is owned by DS FinworldPvt. 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@afinoz.com. Afinoz.com provides solutions that are quick, reliable, transparent, confidential and, above all, free.

  7. THANK YOU WWW.AFINOZ.COM

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