WHY KOTAK MAHINDRA BANK
After successfully funding to the Business class in the form of Business Loans for new & existing ventures, loan against property & capital investment the Bank has made an aggressive foray into funding to the Salaried. Personal Loans is now a key portfolio, especially after merger & takeover of the ING Vysya Bank Personal Loan accounts.
Attractive schemes are being offered for salary & savings account holders. With an ingenuous marketing campaign in place Kotak is looking to expansion of its customer base.
The Bank is willing to Lend enhanced loan amounts to High income Applicants with a sound track record. First time Personal Loan applicants are also encouraged to apply.
Having a self owned premise in the city is & a stability of employment & residence are key factors which institution looks for funding of a personal loan.
- Kotak Mahindra Bank provides a Personal Loan to all Persons as per the following criteria;
Applicant should be an Indian citizen above 21 years of age up to the age of 58 years.
Should have a minimum net income of 25,000/- per month
Minimum Educational qualification required is Graduate.
Applicant should be a resident of the same city for over a year.
Applicant should be an employee of a Multinational, Private or Public ltd company for 2 years or more.
A CIBIL score is not mandatory to process apply for a Personal Loan, but a negative CIBIL will impact the process.