Personal Loan Of ₹25 Lakhs

At Kotak811, we empower your dreams with financial solutions that matter. A Personal Loan of ₹25 lakhs is your gateway to achieving those larger life goals, offering the support you need with the ease you desire. Trust us to be by your side as you take this significant step towards fulfilling your ambitions.

Why should you choose a Personal Loan of ₹25 lakhs?

Opting for a Personal Loan of ₹25 lakhs from Kotak811 is a strategic move towards fulfilling your aspirations. It's not just about the amount; it's about what it allows you to do. Renovate your home, fund that dream wedding, or give your business the boost it deserves. The attractive interest rates ensure your repayments are manageable, while the flexible terms allow you to plan your finances without stress. Our promise of a hassle-free experience means you can focus on making your dreams come true with us handling the financial complexities.

Key features and benefits of a Personal Loan of ₹25 lakhs

This loan is tailor-made for those who aspire to achieve significant milestones, be it personal or professional. Our loan stands out for its flexible repayment options, which allow you to manage your finances without strain, and competitive interest rates that ensure the cost of borrowing is kept to a minimum. With Kotak811, you gain a partner dedicated to making your dream a tangible reality, backed by a loan that's as accommodating as it is empowering.

• Quick disbursal: Experience swift processing and disbursal, ensuring you have the funds when you need them.
• Minimal documentation: We simplify the loan application process with a streamlined documentation requirement. 
• Zero collateral required: You will not have to come up with guarantors or mortgage assets. 
• Transparency: No additional or hidden charges.

Interest rates & charges for a Personal Loan of ₹25 lakhs 

A clear understanding of rates and charges linked to the loan process can help you plan better. We at Kotak811 ensure transparency in all our offerings. 

Eligibility criteria for a Personal Loan of ₹25 lakhs

Securing a Personal Loan of ₹25 lakhs requires meeting specific eligibility criteria set by us, and meeting our eligibility criteria ensures a smooth application process.

• Age: One must be between the age of 21-60 years to be eligible for the loan.
• Minimum monthly income:
  • If you are a Kotak Salary Account holder, then your minimum monthly income should be ₹25,000.
  • If you are a Kotak811 employee, then your minimum earning should be ₹20,000 to be eligible for a Personal Loan.
  • If you are a non-Kotak811 salary account holder, then you must have an income of ₹30,000 a month.
• Work experience: You must have at least one year of work experience.
• Employment: As a salaried individual, you must be employed with public limited, MNCs, or private limited companies.
• Education: You must also have at least a graduate degree to apply for the loan.

How to use an EMI calculator for a Personal Loan of ₹25 lakhs?

Our EMI calculator is a planning tool that offers instant insights. Follow the steps below to know how.

• Flexible input options: Adjusting the loan amount, interest rate, and tenure allows you to explore various repayment scenarios, tailoring the loan to fit your financial capacity.
• Instant clarity on repayments: The calculator provides immediate insight into your monthly obligations, helping you to budget effectively and ensure you can meet your repayment responsibilities without strain.
• Help in financial decision-making: By understanding the impact of different loan terms on your monthly payments and total interest payable, you can make informed decisions about how much to borrow and for how long, ensuring your loan aligns with your long-term financial goals.

How to apply for a Personal Loan of ₹25 lakhs?

Applying for a Personal Loan of ₹25 lakhs through Kotak811 is designed to be a seamless and user-friendly experience, ensuring you can focus on what matters most – planning for the future. At the same time, the application process for a Personal Loan depends on whether you have a pre-approved offer or not.

If you have a pre-approved offer, then here are the steps that you should follow. 

Step 1: Start by downloading the Kotak 811 App from the Play Store or the App Store

Step 2: Get to the “Loans” section within the app to start with the application process.

Step 3: Select the desired loan amount and EMI tenure as a part of the process.

Step 4: Approve all the loan agreements and click on the “Confirm” option to submit your application.

Step 5: Once your loan application gets approved, the loan amount will be credited directly to your Kotak811 account.

If you do not have a pre-approved loan offer, then you can either get in touch with our customer care representative or you can reach your nearest Kotak Bank branch with the following documents:

• Photographs: Take 2-3 recent passport-sized photographs.
• Residence proof: Carry your Aadhaar Card, Driving License, or Passport.
• Income proof: Include three months of bank statements and salary slips if you are a salaried person.
• Identity proof: You will also need your PAN Card, Aadhaar Card, Voter ID Card, Passport, or Driving License.

Conclusion

Fulfil all your financial needs with the Kotak811 Personal Loan. Get its assistance with minimal documentation, no extra charge, and full transparency. Even if you do not have a pre-approved offer, you can get your loan easily by following the pointers given above.

However, for a regular Personal Loan, ensure that you have your credit score and documents in order before applying. This will allow you to get a low interest rate and have your application approved without a hitch.

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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.