Personal Loan Of Rs.1 Lakh On Aadhaar Card

14^th Feb 2025...

Kotak811 Aadhaar Card Loan is a hassle-free option, simplifying the application process with minimal documentation. By using biometric data from your Aadhaar Card, verification becomes quicker, leading to swift approval.

Whether you're planning for upcoming expenses or facing unexpected financial hurdles, Kotak811 simplifies the process of applying for a Personal Loan for Rs.1 Lakh on Aadhaar Card. Enjoy the convenience and efficiency of accessing loan services online through Kotak811.

Benefits of a Personal Loan of Rs.1 lakh on Aadhaar Card

Kotak811 Personal Loan of Rs.1 lakh offers a number of benefits tailored to your needs:

Collateral-free convenience: Access funds without the hassle of providing collateral or security, simplifying the borrowing process and liberating you from asset pledging.
Substantial financial support: Our Aadhaar Loan provides significant financial backing to cater to diverse needs.
Flexibility in repayment: Choose from flexible tenure options of up to 6 years, empowering you to customise the repayment schedule according to your financial situation. This flexibility ensures ease and manageability in loan repayment.
Competitive interest rates: Benefit from competitive interest rates starting from 10.99% per annum for Aadhaar Loans. Our commitment to offering low interest rates and minimal fees enhances cost-effectiveness, allowing you to save on interest payments and efficiently manage your finances.

Personal Loan interest rates

At Kotak811, we are committed to providing affordable and accessible Personal Loans, ensuring that our customers benefit from competitive interest rates and flexible financial options. Here's a breakdown of our Personal Loan interest rates and charges:

Interest rates: Our Personal Loan interest rates start at a competitive 10.99% per annum, offering relief from financial burdens and ensuring cost-effective borrowing.
Loan processing charges: We charge up to 5% of the loan amount, along with applicable taxes, for loan processing, ensuring transparency and clarity in our lending process.
Prepayment charges: Borrowers can make prepayments of up to 2% of the outstanding principal + GST.
Repayment mode swap charges: We levy a charge of Rs.500 plus taxes per instance for swapping repayment modes, offering convenience while ensuring transparency in our services.

Eligibility criteria of a Personal Loan on Aadhaar Card

To be eligible for a Personal Loan of Rs.1 lakh through Kotak811, applicants must meet specific criteria tailored to ensure responsible borrowing:

Employment status: Applicants should hold positions in esteemed sectors such as MNCs, public limited companies, or private limited companies, demonstrating a stable source of income.
Age requirement: Individuals aged between 21 and 60 years are eligible, reflecting an economically active phase of life and the ability to manage loan obligations effectively.
Minimum monthly income: The minimum net monthly income requirements vary based on the applicant's account status. Kotak Salary Account holders need a minimum income of Rs.25,000 per month, while non-Kotak811 Salary Account holders should have a monthly income of at least Rs.30,000. Kotak811 employees are required to have a minimum net monthly income of Rs.20,000.
Educational qualification: Completion of graduation is essential, underlining the importance of educational attainment in financial responsibility.
Work experience: Applicants must have a minimum of one year of work experience, emphasising the significance of financial stability and consistent employment history in loan eligibility.

These Personal Loan eligibility criteria are designed to ensure that applicants have the financial capability and stability to manage a Personal Loan responsibly.

How to apply for a pre-approved Personal Loan of 1 lakh

Applying for a Personal Loan of Rs.1 lakh using your Aadhaar Card has never been easier with the Kotak811 app. Follow these simple steps:

Install the Kotak 811 App from the Play Store or App Store.
Open the app and navigate to the 'Loans' section.
Select the loan amount and EMI tenure that best suits your needs.
Carefully review the loan agreement and approve it to proceed.
Once approved, the loan amount will be credited instantly to your Kotak811 account.

Regular Personal Loan of Rs.1 lakh application process

If you have not been pre-approved for a Personal Loan, here’s the sequence of steps you must follow:

Reach out: Call our Customer Care team or visit the nearest Kotak Bank branch.
Bring along the necessary documents:
- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License.
- Income Proof: Salary slips and three months’ bank statements (for salaried individuals).
- Residence proof: Aadhaar Card, Passport, or Driving License.
- Photographs: 2–3 recent passport-sized photos.
Submit Your Application: Provide the required documents and complete the process with assistance from our representatives.
Approval and Disbursal: Once approved, your loan amount will be disbursed directly to your account.

With Kotak Bank, enjoy a seamless and convenient loan application process!

Conclusion

Kotak811 Aadhaar Card Personal Loan delivers an efficient borrowing experience marked by minimal documentation and rapid approvals. Offering loan amounts up to Rs.35 lakhs, alongside flexible repayment terms and competitive interest rates starting at 10.99% per annum, we prioritise affordability and accessibility. With transparent Personal Loan fees, our loan empowers you to handle life's challenges with confidence, backed by the financial support you need.

FAQs

1. What is Kotak811’s maximum loan amount?

We provide a maximum of Rs.35 lakhs to anybody that meets our eligibility requirements. At the same time, we provide flexibility to both small and large financial needs. You can check your eligibility using the Personal Loan calculator and determine your loan amount before making an application.

2. What is the easiest way of applying for a Kotak811 Personal Loan?

The easiest way to apply for our loan is through the online app. Go to your App Store or Play Store and download the Kotak811 application. Go to the Loans section and start filling out the application by selecting the desired loan amount and EMI tenure. Approve the loan agreements and confirm your application’s submission after submitting the documents. Once your application is approved, the loan amount will directly be credited to your account.

3. How do I estimate my Personal Loan EMI before making the application?

You can estimate the EMI by using the Kotak811 Personal Loan EMI Calculator, which helps you plan your finances. You can fill in the loan amount, interest rate, and other information to find out the monthly instalment amount.