The document provides information on eligibility criteria, required documents, and application process for a personal loan from Kotak Mahindra Bank. Some key eligibility criteria include a minimum age of 21 years, maximum age of 58 years, minimum salary of Rs. 20,000 per month, and a good credit score of 750 or above. Required documents include proof of identity, residence, income and credit history. One can apply for the loan through the online platform Afinoz by filling a short application form.

1. KOTAK MAHINDRA
BANK PERSONAL LOAN
ELIGIBILITY CRITERIA
KOTAK MAHINDRA BANK PROVIDE PERSONAL LOAN AT LOWEST INTEREST
RATE WITH INSTANT DISBURSAL

2. KOTAK MAHINDRA
BANK PERSONAL LOAN
ELIGIBILITY CRITERIA
•The following table lists the eligibility
criteria for Kotak Mahindra personal
loan:
Age
•The minimum age of an applicant should be 21 years at the
time of application
•The maximum age of an individual should be 58 years
Credit score
Applicant needs to have a good credit score to get a personal
loan from Kotak Mahindra
Total work experience
Salaried professional employed with an MNC, public or
private limited company who has a minimum work
experience of at least 1 year
Loan amount Up to 15 lakhs
Qualification Applicant should at least be a graduate
Loan tenure 12 months to 60 months
Residential status
Indian; must be a resident of the current city for at least one
year
Interest rate Starting from 10.99% p.a.

3. WHAT ARE THE TOP FACTORS THAT AFFECT YOUR
KOTAK MAHINDRA PERSONAL LOAN ELIGIBILITY?
• Age: Lenders use your age, among other factors, to determine your eligibility for a personal loan. Age of
the applicant should be between 21 years and 58 years to apply for a Kotak Mahindra personal loan.
Since young borrowers have much time to earn money and repay the loan, they can more easily qualify
for a personal loan than individuals who are in their 50s or approaching retirement.
• Monthly salary: To apply for a personal loan, you must have a stable job and good cash flow. Your net
salary should be Rs. 20,000 per month to get a Kotak Mahindra personal loan. Your monthly income
enables the lender to evaluate how much personal loan you can get at what interest rate. Income
requirement may vary from applicant to applicant based on the city of their residence.
• Credit score: Personal loans are unsecured loan, and a credit score helps lenders to assess your
payment behaviour. Your credit score shows how responsible you have been in handling your debts. You
need to have a good credit score to get a personal loan from Kotak Mahindra Bank. Generally, a credit
score of 750 or above is considered perfect for a personal loan.
• Job and work stability: Lenders also look at your employment status and the organisation you work
with at the time of assessment of your eligibility for a personal loan. It helps them figure out how
capable you are of repaying a personal loan. Generally, salaried individuals should have at least 1 year
of work experience and should have worked for at least 1 year in their job to get a Kotak Mahindra
personal loan.

4. DOCUMENTS REQUIRED FOR KOTAK MAHINDRA BANK
PERSONAL LOAN
• Kotak Mahindra Bank personal loan needs a short and simple documentation process. Borrowers need to
provide basic documents to avail a quick personal loan. The following is a checklist of the documents required
from personal loan applicants.
• Proof of identity: Passport /PAN card /Driving license /Voter’s ID /Aadhaar card
• Proof of residence: Leave & License Agreement/ Ration card /Utility bill (not more than 3 months old) /
Passport - provided the passport has the present address mentioned in the loan application form
• Credit information: PAN card to check your credit history
• Income proof: Salary slips for the last 3 months
• Salary slips for the past 3 months
• Bank statement: Bank statement for the last 3 months with income details
• 2-3 passport size photographs

5. HOW TO APPLY FOR KOTAK MAHINDRA BANK
PERSONAL LOAN THROUGH AFINOZ?
• Afinoz has designed a short and simple platform for individuals searching for financial
products, including personal loan and business loan. You can apply for a personal loan by
clicking ‘Apply Now’ button on the personal loan page. Now fill the short and simple personal
loan application form to check your eligibility. You will receive personalised offers from
multiple lenders, including Kotak Mahindra Bank, based on your eligibility. As per the
requirements and offers, you can apply for a personal loan from Kotak Mahindra Bank.

6. WHY IS AFINOZ?
• Afinoz is a one-stop destination for customised rate quotes on loans and investment products in India.
The company is owned by DS Finworld Pvt. Ltd. Our objective is to make personal financial decisions
easy, seamless and transparent for our customers. We have designed a system that provides
comprehensive results and enables customers to compare products simultaneously so that they can
access the right product.
• You can contact our team to get more information or apply for a loan or investment by calling on +91
120 411 0376 or by emailing at info@afinoz.com. Afinoz.com provides solutions that are quick, reliable,
transparent, confidential and, above all, free.

7. THANK YOU WWW.AFINOZ.COM