Personal Loan In Tamil Nadu

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Tamil Nadu is a traditional yet modern state where dreams find ground to flourish. To ensure that those dreams succeed, Kotak811 recognises the diverse aspirations of people and stands ready to support them with accessible Personal Loans tailored to their needs.

Whether for a dream wedding, unexpected expenses, or entrepreneurial ventures, our Personal Loan in Tamil Nadu helps individuals convert their aspirations into reality.

Features and benefits of a Kotak811 Personal Loan in Tamil Nadu

Our Personal Loan in Tamil Nadu comes with several features and benefits designed to improve your borrowing experience:

Competitive interest rates: Kotak811 Personal Loan offers competitive interest rates starting at just 10.99%. It makes your repayment manageable and you can save significantly over the loan tenure.
High loan amounts: Access to loans of up to Rs.35 lakhs can help you cover significant expenses or make investments without worrying about financial constraints. Whether it's financing a dream wedding, funding higher education, or expanding your business, our generous loan amounts provide the financial flexibility you need.
Quick approval: We understand the importance of timely financial assistance, so we follow streamlined processes that ensure quick approval of your loan applications. Now, you can minimise waiting times and access funds when needed, allowing you to address your financial needs promptly and efficiently.
Flexible repayments: Kotak811 Personal Loans offer flexible repayment plans tailored to your financial situation. Choose from a range of options that best suit your needs and preferences, allowing you to manage your repayments that align with your income and financial goals. There is also a repayment tenure of up to 6 years.
Transparency: There are no hidden costs, and all fees and charges are clearly communicated upfront.
- Processing Fee: Up to 5% of the loan amount plus applicable taxes.
- Prepayment Charges: 2% of the outstanding principal amount along with GST.
- Repayment Mode Swap Charges: Rs.500 plus taxes per instance.

Eligibility criteria for Kotak811 Personal Loans at Tamil Nadu

Here are the eligibility criteria that you meet to apply for Kotak811 Personal Loans.

Age: One should be between 21 to 60 years of age to be eligible for the loan.
Minimum monthly income:
- If you are a Kotak811 employee, then you should have a monthly income of Rs.20,000
- If you are a Kotak Salary Account holder, then you must have an income of at least Rs.25,000
- Whereas, if you are a non-Kotak811 Salary Account holder, then you need an income of Rs.30,000.
Employment: As a salaried person, you must be employed with a public limited, private limited or MNC.
Work experience: You must also have a minimum work experience of at least a year.
Education: It is mandatory to be at least a graduate to apply for the loan.

How to apply for a Personal Loan at Kotak811?

Applying for a Personal Loan is very simple at Kotak811. You may follow the points given below if you have a pre-approved loan offer.

Download the Kotak811 App: Start by downloading our app from the Play Store or App Store.
Get to the “loans” section: Navigate to the “Loans” section after opening the app.
Start the application process: Begin with the application process and pick the desired loan amount and EMI tenure.
Review and confirm: Approve the loan agreements at the end of your application and click on “Confirm”.
Disbursal: Once your application is approved after some time, the loan amount will be credited to your account directly.

In case you do not have a pre-approved loan, you can get in touch with our customer care representative or visit your nearest Kotak Bank branch with the following documents:

Residence proof: It includes the Aadhaar Card, Driving License, or Passport.
Photographs: You will also need to carry 2-3 recent passport-sized photographs.
Identity proof: Carry your PAN Card, Aadhaar Card, Passport, Driving License, or Voter ID card.
Income proof: Include three months of bank statements along with salary slips if you are a salaried individual.

Personal Loan EMI calculator

Kotak811 Personal Loan EMI Calculator simplifies the borrowing process, enabling users to estimate their monthly repayments effortlessly. By including key variables such as loan amount, interest rate, and tenure, people can instantly calculate their potential EMIs (Equated Monthly Instalments).

This tool offers clarity and transparency, paving the way for you to make informed decisions that align with your financial capabilities. Whether assessing affordability or comparing loan options, our Personal Loan EMI Calculator is reliable and guides people towards prudent financial choices.

Conclusion

At Kotak811, we understand that financial needs differ for every individual. That's why our Personal Loans are designed to be flexible, affordable, and easily accessible and will also cater to diverse needs.

Whether you are in Chennai, Coimbatore, or anywhere else in the state, our personalised solutions can help you with your dreams in seconds. Apply for a Kotak811 Personal Loan today and take the first step towards achieving your dreams!

FAQs

1. Who is eligible for a Personal Loan in Tamil Nadu?

People residing in Tamil Nadu, aged between 21 and 60 years, and possessing the required minimum income can apply for the loan. But they must also be a graduate and should possess at least a year of work experience. If they are a salaried employee, then they must work in an MNC, private limited, and public limited company.

2. What is the maximum loan amount available?

We provide a maximum loan amount of Rs.35 lakhs so that people can fulfil their needs across various ranges.

3. What documents are necessary for a Personal Loan application in Tamil Nadu?

Applicants must provide proof of identity, residence, and income status to apply for a Personal Loan in Tamil Nadu (which is not pre-approved). For identity and residence proof, you can carry your Aadhaar Card, PAN Card, Passport, or Driving License. Whereas, for your income proof, you must have three months of bank statements and also salary slips if you are a salaried person. The applicant also needs to have 2-3 passport-sized photographs.

4. Are there any processing fees or prepayment charges?

Yes, we levy a processing and prepayment fee. The former is up to 5% of the loan amount along with applicable taxes, whereas the latter is 2% of the outstanding principal loan amount with GST. We also levy a repayment mode swap charge of Rs.500 with taxes.

5. How long does it take for a Personal Loan to be approved?

Our processes make Personal Loan approvals swift, ensuring applicants receive timely financial assistance. But this happens when there are no errors found in the application or the documents.