Personal Loan In Rajkot

At Kotak811, we understand the unique financial needs of our clients in Rajkot, a thriving economic hub known for its entrepreneurial spirit. Whether you're looking to expand your business, fund an overseas education, or cover unexpected medical expenses, our Personal Loan in Rajkot is designed to provide you with flexible, accessible financial solutions.

We are committed to offering you financial products that are efficient, tailored, and aligned with competitive terms, ensuring that your financial needs are met with the utmost convenience and support.

Key features and advantages of a Personal Loan in Rajkot

When you secure a Personal Loan in Rajkot from Kotak811, you get several features and benefits that make your borrowing experience a happy and rewarding one.

• Competitive interest rates: Benefit from the most attractive and affordable rates in the market, reducing the cost of borrowing. The rate of interest at Kotak811 starts from 10.99% per annum.
• No collateral needed: Our unsecured Personal Loans do not demand you to pledge any valuable assets to avail the loan. You can get funds of up to Rs.35 lakhs.
• Flexible repayment schemes: Select your loan repayments with flexible EMI options that fit your budget and extend your tenure for up to 6 years.
• Minimal documentation: With the complete loan application process online, there is a minimal documentation process to reduce the hassle of the applicants.
• Quick disbursal: Once your loan application has been approved, the loan amount is credited to your bank account within no time.
• Transparency: There are no hidden charges with the Kotak811 Personal Loan. 
• Digital loan application: The loan application process is completed online through the Kotak811 application if an applicant is preapproved.

Interest rates & charges

We ensure full transparency in all our dealings, including the interest rates and charges associated with our Personal Loans.

Eligibility criteria of a Personal Loan

To be eligible for a Personal Loan in Rajkot, applicants must meet the following criteria.

• Age requirement: Applicants must be between 21 and 60 years old at the time of loan maturity.
• Stable income: The minimum required net monthly income is as follows:
  • Non-Kotak811 salary account holders: Rs.30,000
  • Kotak salary account holders: Rs.25,000
  • Kotak811 employees: Rs.20,000
• Employment stability: Must be employed with MNCs, public limited, or private limited companies.
• Education: The minimum qualification of the loan applicants must include graduation.
• Work experience: A minimum of one year of work experience is needed to become eligible for the loan.

How to utilise an EMI calculator for a Personal Loan

The Kotak811 EMI Calculator is a powerful tool for planning your loan repayments. Some of the major benefits of using one before you sign up for a loan include -

• Instant EMI projections: Mention your loan amount, interest rate, and chosen loan tenure to calculate your monthly EMI instantly.
• Budget adjustments: Easily adjust the loan amount to find and select an EMI that suits your financial circumstances.
• Transparency and informed decisions: The EMI calculator helps ensure transparency and assists in making informed financial decisions by giving a clear breakdown of your repayment period.

The application process for a Personal Loan

Follow these simple steps to apply for a Personal Loan at Kotak811 in Rajkot.

Pre-approved Personal Loan application process:

• Download the Kotak811 App: Download the application on your Android or iOS device via the Play Store or App Store to apply for the loan.
• Access the ‘loans’ section: Move to the ‘loans’ section on the Kotak811 application, and you can apply for the loan here.
• Start with the application: Choose the loan amount according to your needs and the tenure that you consider appropriate as per your financial situation.
• Re-examine and submit: Re-examine all the mentioned details, along with the loan amount, tenure, and agreement and terms in association with the applied loan.
• Rapid loan approval and disbursal: After the in-depth verification of your documents and other necessary checks, Kotak811 moves towards approving and disbursing your loan as quickly as possible.

Regular Personal Loan application process

If a candidate has not been pre-approved for a Personal Loan, they should contact our customer care number or visit the nearest Kotak bank branch with the following documents:

• Income proof: Salaried applicants should have bank statements of the last three months and salary slips.
• Identity proof: An individual applying for a Personal Loan at Kotak811 must submit an Aadhaar Card, PAN Card, Passport, Voter's ID, or Driving License as identity proof.
• Proof of residence: Passport, Driving License, or Aadhaar Card is needed for proof of residence.
• Photographs: Individuals applying for a Personal Loan should submit at least 2–3 recent Passport-sized photographs of themselves.

Conclusion

By choosing Kotak811 for your Personal Loan in Rajkot, you can ensure that your financial needs are met promptly and efficiently, allowing you to focus on what matters most without worrying about financial hurdles. Connect with our loan experts to get started.

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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.