Personal Loan For Women

A Personal Loan can empower women to meet their financial needs independently, without relying on others. With a focus on financial independence, Kotak811 Personal Loans are designed to help you turn your aspirations into reality.

Kotak811 offer you a Personal Loan for women of up to Rs. 35 lakhs, tailored to meet diverse needs such as medical expenses, starting a new business, planning holidays, or pursuing higher education.

With competitive interest rates starting at 10.99% p.a., and flexible repayment options, managing your loan becomes stress-free. These features allow you to focus on achieving your goals without any financial strain.

What does the Personal Loan for Women have in-store?

• Quick and easy access to funds: A Personal Loan for women provides fast and hassle-free access to funds, allowing you to meet your financial needs without delay. The process is designed to help you achieve your goals with minimal waiting time.
• Flexible repayment tenure: You can choose a repayment tenure of up to 6 years, giving you the flexibility to select a plan that suits your financial situation. This allows for easier and more convenient repayment.
• Simple and online application process: The application process for a Personal Loan for women is completely online, fast, and hassle-free. There is no need for long queues or piles of paperwork, making it a stress-free experience from start to finish.
• No hidden fees or charges: We maintain complete transparency throughout the process, with no hidden fees or surprise charges. This ensures you have full clarity on your financial commitments from the beginning.

Steps for availing a pre-approved Personal Loan for women

To avail of a pre-approved Kotak811 Personal Loan for women, follow these simple steps. Ensure you carefully complete each step to make the process smooth and hassle-free:

• Get the Kotak811 App from the Play Store or App Store.
• Open the app and go to the 'Loans' section.
• Choose the loan amount and EMI tenure that suits your needs.
• Review and accept the loan agreements to proceed.
• Once approved, the loan amount will be transferred to your Kotak811 account.

Documents required to make a regular application 

If you have not been pre-approved for a Personal Loan, you can easily visit your nearest Kotak Bank branch to submit the required documents and initiate your loan application. These documents include:

• Valid identity proof: PAN Card, Passport, Aadhaar card, or Driving licence
• Valid residence proof: Passport, Aadhaar card, or Driving licence
• Income documents: Last three months' Bank Statement reflecting your income details or recent Salary Slips for salaried employees
• Recent photographs: 2-3 passport-sized photos

Eligibility criteria - Personal Loan for women

When it comes to the eligibility criteria, you can utilise our Personal Loan Eligibility Calculator to find out if you're qualified for the loan. The basic criteria include:

• Applicants should be between the ages of 21 and 60 years
• You should be either self-employed or a working professional with a steady income. 
• Fulfil the minimum monthly income requirement, which is as follows:
• For a Kotak Bank Salary Account holder: Minimum net monthly income of Rs. 25,000
• For a Non-Kotak811 Bank Salary Account holder: Minimum net monthly income of Rs. 30,000
• For Kotak811 Employees: Minimum net monthly income of Rs. 20,000
• The applicant should at least have completed graduation.
• A minimum of 1-year of work experience is required.

Interest rates and charges - Personal Loan for women

Kotak811 offers attractive interest rates on Personal Loans, starting as low as 10.99% per annum. With a transparent fee structure, you can confidently plan your borrowing decisions. Here’s a detailed overview of the charges:

• Loan processing fee: Up to 5% of the loan amount, plus applicable taxes. This fee ensures quick and efficient processing of your loan application.
• Pre-payment fee: If you decide to repay your loan before the end of the tenure, a charge of 2% on the outstanding principal amount will apply, along with GST.
• Repayment mode change fee: For any changes to your repayment mode, a minimal fee of Rs. 500 plus taxes is applicable per instance.

These charges are designed to maintain transparency and make the loan process smooth and straightforward.

Conclusion

Financial burden is no longer a concern with a Kotak811 Personal Loan for women. It is a simple and empowering financial solution to help meet all your needs with ease. To make repayment stress-free, you can use the Personal Loan EMI Calculator.

This tool allows you to calculate your monthly instalments, so you can plan your finances better and repay the loan comfortably without any added pressure.

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*Terms & Conditions apply.

Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Personal Loan will not be disbursed if the Savings Account is in dormant or freeze state.