Personal Loan Of ₹3 Lakhs On Aadhaar Card

The Personal Loan of ₹3 lakhs on an Aadhaar Card provided by Kotak811 is distinguished by its simplicity and efficiency, requiring minimal documentation. Applicants must present their Aadhaar Card as the main KYC document, facilitating a streamlined verification process.

This approach ensures accessibility and convenience for borrowers, allowing them to meet their financial needs without unnecessary hurdles. Whether individuals are preparing for expected expenses or facing unforeseen financial situations, a Kotak811 Personal Loan is a reliable solution, offering a hassle-free online application process. We are dedicated to providing you with accessible financial services tailored to your diverse needs.

Benefits - Personal Loan of ₹3 lakhs on Aadhaar card

• No collateral required: Kotak811 Personal Loan requires no collateral, simplifying the borrowing process and enhancing accessibility.   
• Flexible repayment: Enjoy convenient repayment options with flexible tenures of up to 6 years, tailored to suit individual financial situations. 
• Competitive interest rates: Benefit from competitive interest rates starting from 10.99% annually, coupled with low fees, ensuring cost-effectiveness and responsible borrowing. 

Personal Loan eligibility criteria for ₹3 lakhs 

• Employment nature: Kotak811 requires applicants to work in esteemed sectors such as MNCs, public limited companies, or private limited companies. 
• Age: To qualify for a Kotak811 Personal Loan, individuals must be between 21 and 60 years old, ensuring borrowers are within a financially active age range. 
• Minimum monthly income: 
  • For Kotak Salary Account holders: A minimum net monthly income of ₹25,000 is mandatory. 
  • For Non-Kotak811 Salary Account holders: A minimum net monthly income of ₹30,000 is required. 
  • For Kotak811 employees: A minimum net monthly income of ₹20,000 is necessary. 
• Minimum educational qualification: Completion of graduation is a prerequisite for securing a Personal Loan from Kotak811.  
• Work experience: Applicants are required to have a minimum of one year of work experience, underscoring the importance of financial stability and consistency in employment history. 

Personal Loan interest rates and other charges  

Kotak811 places a strong emphasis on making Personal Loans both affordable and accessible. We've covered you whether you need competitive interest rates or flexible financial options. Our offerings feature some of the most competitive Personal Loan interest rates, starting as low as 10.99% per annum, and aim to alleviate your financial strain. Below is a breakdown of the applicable charges: 

• Loan processing charges: Up to 5% of the loan amount plus applicable taxes. 
• Pre-payment charges: Loan prepayment is allowed up to 2% of the principal loan outstanding plus GST is required. 
• Repayment mode swap charges: ₹500 plus taxes per instance. 

Pre-approved Personal Loan application process 

If you have received pre-approval for a Personal Loan, applying is simple and quick: 

1. Download the Kotak811 App 
   Install the Kotak811 App from the Play Store or App Store. 
2. Navigate to the 'Loans' section 
   Open the app and head to the 'Loans' section. 
3. Select loan amount and EMI 
   Choose the loan amount and EMI tenure that best suits your financial plan. 
4. Review & confirm 
   Go through the loan agreement, confirm the details, and approve. 
5. Loan disbursal 
   Once your loan is approved, the amount will be credited directly to your Kotak811 account. 

Personal Loan application process (without pre-approval) 

If you do not have pre-approval, follow these easy steps to apply for a Personal Loan: 

1. Get in touch 
   Call our customer care or visit the nearest Kotak Bank branch to begin your application. 
2. Required documents 
   Please ensure you have the following documents: 
   • Identity proof: Aadhaar Card, PAN Card, Passport, Voter's ID, or Driving License. 
   • Income proof: Provide the bank statements and salary slips from the last three months (for salaried applicants). 
   • Residence proof: Aadhaar Card, Passport, or Driving License. 
   • Photographs: 2-3 recent passport-sized photographs. 

Once your documents are verified, our team will guide you through the rest of the process. 

Conclusion 

Kotak811 Personal Loan offers a smooth and efficient borrowing experience tailored to meet diverse financial needs. With minimal documentation requirements and competitive interest rates starting at 10.99% per annum, obtaining a Personal Loan of ₹3 lakhs has never been easier. The collateral-free nature of the loan, along with flexible repayment options and attractive offers, makes it an ideal choice for various purposes, from unexpected expenses to planned events like weddings or travel. Simplify your application process with digital KYC and enjoy quick approval. With Kotak811, accessing funds for your financial goals is convenient, accessible, and hassle-free. 

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.