Kotak Mahindra bank EMI Calculator | Kotak Bank EMI Features, Eligibility, Documents

Kotak Mahindra Bank EMI Calculator is available on this page. The individuals can calculate their Personal Loan, Car Loan, and Home Loan EMI By using the Kotak Mahindra Bank EMI Calculator. To calculate the EMI amount, you have to know the interest rates and tenure periods of Kotak Mahindra Bank. You can find the interest rates on the below topics. Read the complete article, to know the usage of the Kotak Bank Personal Loan EMI Calculator, Kotak Bank Car Loan EMI Calculator, and Kotak Bank Home Loan EMI Calculator.

Kotak Mahindra Bank EMI Calculator

EMI means Equated Monthly Installment. Nowadays many people are choosing EMI for buying the things like Mobiles, TVs, Cars, Laptops, AC’s, Refrigerator’s, Washing machines, etc. So, you can also take loans in banks. Now the individuals can calculate their EMI amount for Personal, Car, and Home loans by using Kotak Mahindra Bank EMI Calculator. Most of the people do not know the usage of the Kotak Mahindra bank EMI Calculator. EMI is one of the best schemes to borrow the money from others. Therefore, you can easily return the loan money by paying the EMI monthly.

Kotak Mahindra Bank is one of the famous private sector banks in India. Among all private sector banks, it is the 4th largest private bank. It was established in the year 2003. The Kotak Mahindra Bank is offering high-interest rates for loans against EMI. People can also know their EMI amount by using the Kotak Mahindra Bank EMI Calculator. Therefore, the individuals who want to calculate their EMI amount by using the Kotak Mahindra Bank EMI Calculator can see the below link to get the Kotak Mahindra bank EMI Calculator on this page.

Click here: Kotak Bank Car, Home, Personal Loan EMI Calculator.

Kotak Mahindra Bank EMI Calculator

 Kotak Mahindra Bank Personal Loan EMI Calculator

The Kotak Bank is offering Personal Loans in EMI. Therefore, you can take the loans in EMI process. You can also calculate your EMI before taking the loans. By using Kotak Mahindra Bank Personal Loan EMI calculator, you can calculate your EMI amount. Many people do not know about the Kotak Mahindra Bank EMI Calculator. For the sake of individuals, we are providing the Kotak Bank Personal Loan EMI Calculator on this page. If you do know how to use the EMI Calculator, you can learn from the below sections. Hence, follow the below sections to find out more details about Kotak Bank Personal Loan EMI Calculator.

How To Use Kotak Bank Personal Loan EMI Calculator

  1. Open the below link or go to the Kotak Bank official website.
  2. Search for the EMI Calculator Link.
  3. If you got the link, then open it.
  4. Enter the details like loan amount, interest rate, tenure period on the calculator.
  5. After entering all the necessary details on the calculator, click on the submit button.
  6. Finally, a page with your EMI amount appears on the screen.
  7. You can also try with different loan amounts, interest rates and tenure periods to know the EMI amount.

The Individuals who want to calculate their EMI amount can follow the above steps to know their personal Loan EMI amount. If you want to get the calculator on this page without any searching, you can see the below link.

Click here: Kotak Bank Personal Loan EMI Calculator

Kotak Mahindra Bank Personal Loan EMI Interest Rates

Interest Rate 11.49% to 20.15%
Processing Fees Up to 2% of the Loan amount
Loan Tenure 1 year to 5 years
Pre-Closure charges Preclosure permitted after 12 months. 5% of principal outstanding plus ST afterward.
Guarantor Requirement No guarantor required

 

EMI Interest Rates for Personal Loan in Kotak Mahindra Bank
Tenor Rate
Overnight 8.90% per annum
One Month 9.00% per annum
Three Month 9.25% per annum
Six Month 9.40% per annum
One Year 9.60% per annum
Two years 9.65% per annum
Three years 9.65% per annum

Kotak Mahindra Bank EMI Eligibility for Personal Loan

Everyone should check their eligibility before applying for a loan. The Kotak Mahindra Bank is offering loans only for eligible persons. Therefore, the individuals who want to apply for a personal loan in Kotak Mahindra Bank have to check their eligibility. For the sake of people, we are providing the Eligibility details in the below sections. Therefore, the interested persons can check their eligibility from the below list.

Kotak Bank EMI Eligibility

  • The individuals who are having 21 years age are eligible to apply for a personal loan in Kotak Mahindra Bank.
  • The applicant’s income should be Rs.25,000 per month.
  • He or She should have minimum 2 years work experience.

Documents Required for Kotak Bank Personal Loan EMI

  • Driving License.
  • Voter ID Card.
  • Passport.
  • Processing Fee Cheque.
  • A signed application form along with the applicant photograph.
  • Last 6 months Bank passbook.
  • Last 3 months Bank Statement.
  • The salaried applicants have to submit their Salary Pay slips and current dated salary certificate with the latest form 16.
  • Self-employed applicant’s bank statement and latest ITR or Form 16.

Features of Kotak Bank Personal Loan EMI

  • The minimum loan amount in Kotak Mahindra Bank is Rs.50,000, and the maximum loan amount is Rs.15 lakhs.
  • There is no need for collateral or security.

Kotak Mahindra Bank Home Loan EMI Calculator

The Kotak Bank is offering Home Loans in EMI. If you want to apply for Home Loan in Kotak Mahindra Bank, you need to meet the eligibility. Before applying for a Home Loan, you can calculate your Loan EMI amount by using the Kotak Mahindra Bank Home Loan EMI Calculator. Most of the people do not know How to use the Kotak Mahindra Bank Home Loan EMI Calculator. Therefore, we are providing some steps in the below sections for those people. So, you can learn the usage of the calculator from the below steps.

How To Use Kotak Mahindra Bank Home Loan EMI Calculator

  1. Click the below link or visit the Kotak Bank Official Website.
  2. Find the Calculator link.
  3. If you get the link, then open it.
  4. Enter the necessary details like loan amount, interest rates, and tenure period on the calculator.
  5. Click on the calculate button.
  6. You can see your loan amount EMI on the screen.
  7. You can also try with different loan amounts, interest rates and tenure periods to know the EMI amount.

The people who want to know their Home Loan EMI can use the above steps to calculate their EMI in the Kotak Mahindra Bank Home Loan EMI Calculator. To get the calculator instantly on this page open the below link.

Click here: Kotak Mahindra Bank Home Loan EMI Calculator

Kotak Mahindra Bank Home Loan EMI Interest Rates

Interest rate 8.95%
Processing fee Nil
Loan Tenure 20 years
Pre-closure Charges Nil
Guarantor Requirement No Guarantor Required

 

Loan Amount Rate of Interes
Up to Rs.30 lakh Up to 14.5%
Rs.30 lakh to Rs.40 lakh Up to 14.5%
Rs.50 lakh to Rs.100 lakh Up to 14.5%
Above Rs.100 lakh Up to 14.5%

 

Loan Tenure period Interest rates for MCLR
Overnight 8.75%
1 month 8.85%
3 months 9.05%
6 months 9.3%
1 year 9.6%
2 years 9.65%
3 years 9.65%

Kotak Bank EMI Eligibility for Home Loan

The individuals who want to apply for a Home Loan in Kotak Mahindra Bank have to check their eligibility once. For the sake of the people, we are providing the EMI eligibility details for a home loan in the below sections. Therefore, the interested persons can see the below sections to check their eligibility.

  • Annual income or monthly income.
  • Qualification.
  • Individuals source income.
  • The applicant’s credit history and savings habits.
  • The individual’s age.
  • How many dependents attached to the person.
  • The applicant’s current and stability occupation details.

 Documents Required for Kotak Bank Home Loan

  • Latest Bank Statements
  • Residence Proof or ID.
  • Processing Fee Cheque.
  • A signed application form with the applicant photograph.
  • Latest Income tax returns and computation of income for self-employed applicants.
  • The salaried applicants have to submit their last 3 years income tax returns with computation income and CA certificate or Audited balance sheet and profit or loss account.

Features and Benefits of Kotak Mahindra Bank Home Loan for EMI

Many people do not the features and benefits of Home Loan. We are providing some of the features of Kotak Bank Home loan in the below sections. Therefore, you can see the advantages of the Home loan in the below steps.

Low-Interest Rates

  • In Kotak Mahindra bank, the interest rates are low for Home Loan. You can return the loan money in the form of EMI every month.

Tenure Period

  • The maximum tenure period for a Home loan in Kotak Mahindra bank is 20 years.  So, is is very easy for you to return the loan amount.
  • Sometimes the tenure period depends on the applicant’s profile.

Loan Amount

  • In Kotak Mahindra bank, you can borrow 90% amount as a Home Loan.
  • The Bank is offering Rs.20 lakhs to Rs.75 lakhs as a Home loan for you.

Documentation for Home Loan EMI

  • While applying for a Home Loan In Kotak Mahindra Bank. you have to gather the necessary documents.
  • You have to provide the documents to get a loan in Kotak Mahindra bank and without providing the documents the bank will not approve your loan.

Doorstep Service

  • The main advantage in Kotak Bank is there is no need to wait at the bank to submit your documents for Home Loan. The Kotak Mahindra Bank’s representative will come to your home to help you to fill the loan formalities.

Kotak Mahindra bank Car Loan EMI Calculator

The Kotak Mahindra Bank is offering Car loan in EMI. Many people do not know how to apply for a Car loan in EMI. You can also calculate your Car Loan EMI amount by using the Kotak Mahindra Bank Car Loan EMI Calculator. If you don’t know how to use the Calculator, you can learn from the below sections. For the sake of the people, we are providing the calculator on this page. Therefore, you can directly calculate your car loan EMI in the calculator. The interest rates and tenure periods are necessary to calculate the EMI amount. We are also providing the interest rates and tenure in the below sections. Hence, follow the below topics to know more information about Kotak Mahindra Bank EMI Calculator.

How To Use Kotak Mahindra Bank Car Loan EMI Calculator

  1. First of all, open the below link or you can go to the Kotak Mahindra Bank Official website.
  2. Search for the Kotak Bank Car Loan EMI Calculator Link.
  3. Open the calculator, if you get the link.
  4. Enter the necessary details like loan amount, interest rate and tenure period on the calculator.
  5. If you entered all the necessary details, then click on the calculate button.
  6. Finally, you can see your Kotak Mahindra Bank Car loan EMI on the screen.
  7. You can also try with different interest rates, tenure periods and loan amounts to know the EMI amount.

The people who want to know their Car loan EMI can calculate now in Kotak Mahindra Bank Car Loan EMI Calculator. If you don’t know the process, you can follow the above steps. If you want to get the calculator on this page, you can open the below link.

Click here: Kotak Mahindra Bank Car Loan EMI Calculator

Kotak Mahindra Bank Car Loan EMI Interest Rates

Loan Tenure Minimum Tenure – 12 months and Maximum Tenure – 60 Months
De-hypothecation from RTO Rs.1000
PDC Swap Rs.500
Documentation Charges As Applicable
Quantum of Loan Up to 90% of the ex-showroom price. Minimum loan amount of Rs.75, 000/-.
Duplicate NOC Rs.750
Overdue Interest 3% on the outstanding EMI
Repayment Schedule Rs.250
Late Payment Charges 3% of the overdue amount, which is compounded on a monthly basis.
Foreclosure Charges 5.75% of the outstanding principal
No Objection Certificate NIL

Eligibility for Kotak Mahindra Bank Car Loan

Before applying for a loan, you have to check your eligibility whether you are eligible for the loan or not. Many people do know the eligibility details of the Kotak Mahindra Bank. Therefore, we are giving the Eligibility criteria details in the below sections. So, you can check your eligibility in the below sections.

Salaried Employees

  • The applicant’s age should be 21 years.
  • The individual’s age should not exceed 58 years at the time of the loan maturity.
  • The annual income should be Rs.1,00,000 per annum.

Self Employed 

  • The minimum age should be 21 years and the maximum age should be 65 years at the time of the maturity of the loan.
  • He/She should have at least 2 years experience in the business.

Kotak Mahindra Bank Car Loan Required Documents

The applicants should submit some documents while applying for a car loan. So, we are providing the necessary documents list in the below sections. Therefore, follow the below sections carefully to know the list of the required documents.

For Salaried Employees

  • Passport.
  • Voter ID Card.
  • Driving License.
  • PAN Card.
  • salary Pay slips along with the form 16.
  • Electricity bill.
  • Telephone Bill.
  • Ration Card.
  • Life insurance policy.
  • Salary Bank statement.
  • Photograph with the applicant signature.
  • An application form filled by the applicant.

Proprietary Firms Necessary Documents

  • Duly filled application form
  • Proof of residences like electricity bill or telephone bill
  • Respective banker’s verification.
  • Voters ID.
  • IT PAN card.
  • Income Tax Return.
  • Driving License.
  • Passport
  • Last 2 years income as certified by the CA
  • Profit and Loss A/c and balance sheet for the last 2 years certified by the CA
  • Income Tax Returns of the previous 2 years
  • Photograph with the applicant signature.

Documents Required for Self Employees

  • Address Proof like Ration card, Driving License, Voters ID card, Telephone bill, Electricity bill, Life Insurance policy, etc.
  • Passport.
  • VoterID.
  • Driving License
  • PAN card.
  • Business Bank Statement.
  • Photo with the applicant signature.
  • The car Loan application form filled by the applicant.

Features of Car Loan In Kotak Mahindra Bank

There are many features and advantages of a Car loan in Kotak Mahindra Bank. We are providing some of the features in the below sections. There is a facility for you to calculate your EMI amount in Kotak Mahindra bank EMI Calculator. Therefore, the interested can follow the below sections to know the features of the Car loan.

Low-Interest Rates

  • The interest rates for a car loan in Kotak Mahindra bank is ranging from 11.50% to 13.50% per annum.

Loan Available amount

  • The individuals can get 90% as a car loan in Kotak Mahindra Bank. Therefore, the customers can choose their tenure period. The tenure period is ranging from 12 months to 60 months.
Updated: April 1, 2017 — 5:35 am

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