A personal loan is an unsecured loan, meaning you don’t have to provide any collateral or security. It is typically used to meet personal financial needs such as home renovations, medical emergencies, travel, or other major expenses. Since it's unsecured, approval is usually based on your income, credit score, and repayment ability.

A personal loan gives you the flexibility to use the funds for a wide range of purposes. Whether you are looking to renovate your home, handle a medical emergency, consolidate high-interest debt, plan a dream vacation, or even cover wedding expenses, this loan can be customised to meet your personal needs. There's no restriction on how you choose to spend the amount.

You can easily check your eligibility by visiting the Kotak811 mobile app. Once you log in, the platform will provide you with an offer based on factors like your income, employment status, credit score, and other personal details. Kotak811 uses this information to determine your loan eligibility and the amount you qualify for.

If you need to adjust your EMI schedule, the first step is to get in touch with Kotak Bank's customer support team. They will guide you through the process, and you may need to check if your loan agreement offers flexibility in terms of repayment. In some cases, this can be done based on changes in your financial situation