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Kotak Mahindra Bank Personal Loan for Professional in Delhi NCR through LoanMoney

Kotak Mahindra Bank Personal Loan for Professional in Delhi NCR

Get a step closer to your dreams and goals by availing Kotak Mahindra Bank Personal Loans and meet your financial needs. You can avail a personal loan to meet unexpected expenses, a dream holiday, school or college fees, wedding expenditure, home improvement expenses or even purchase of consumer durables.

LoanMoney help you to embark on your dream at the right time with Kotak Mahindra Bank Personal Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements. 

Kotak Mahindra Bank Personal Loan Features & Benefits in Delhi NCR 

Age 23 Yrs
Loan Amount upto 50 Lacs
Tenure  12 - 48 Months
Rate of Interest / APR [Annual Percentage Rate] 17 - 19%
Processing Fees 2 %
Special Normal or Overdraft
Documentation ITR and Banking
Eligibility As Per Gross Receipts to Doctors, CA's, CS's, Architect
  • Avail instant personal loan in India from Rs. 50,000/ to Rs. 15,00,000/1
  • Flexible repayment options
  • Attractive interest rates
  • Minimal paper work read more... 

Kotak Mahindra Bank Personal Loan Eligibility & Documentation in Delhi NCR 

  • Salaried individuals
  • Resident Indian employed at a Public Ltd co./ MNC/ large Pvt. Ltd co.
  • Age : 21-58 years
  • Income: Net monthly salary of Rs. 25,000/-
  • Minimum educational qualification:Graduate
  • Residence telephone:Required
  • Years in city;Minimum 1 year
  • Total work experience :Minimum 2 years

Identity Proof

  • Passport Copy/ Voters ID card/ Driving License
  • PAN card
  • Aadhar Card
  • Overseas Citizen of India card
  • Person of Indian Origin card

Address (Residence) Proof

  • Valid Passport
  • Voter's ID card
  • Food Card (Ration Card)
  • Lease Deed/ Rent agreement Copy/ Property Registration Document in the name of the Customer
  • Bank account statement printed on bank's letterhead, not more than 3 months old, signed and stamped by existing banker
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Latest IT Return
  • Original Letter from Company
  • Telephone/Electricity Bill

Age Proof

  • PAN Card, Passport copy

Signature Proof

  • PAN Card, Driver’s Licence, Passport copy, Banker’s attestation of Bank Account Statement
  • Ownership Proof
  • Electricity Bill, Water Bill, Sales Deed, Receipt of Tax paid

Income details

  • Last 3 months’ payslips and Form 16 
  • Bank account statements
  • For the last 6 months.

Kotak Mahindra Bank Personal Loan Interest Rates and Charges in Delhi NCR


Pay low interest on personal loans and also benefit from our flexible repayment options. For more information on fees and charges refer the table below.


Business Loan

Personal Loan

Interest Rate


11.5% to 24%

Loan Processing Charges

Upto 3% of Loan amount

Upto 2% of the loan amount+ service tax and other applicable statutory levies

Documentation Charges

Upto Rs. 5000


Stamping Charges

Applicable as per the respective State's Stamp Act

Applicable as per the respective State's Stamp Act

From 13.8% onwards to Max 17%

Kotak Mahindra Bank Personal Loan Frequently Asked Questions (FAQ) in Delhi NCR

When can I foreclose the loan? What is the procedure for full prepayment?

We do not allow full prepayments for a period of 6 months from the date of\ your first EMI. 30 days foreclosure intimation period is mandatory.

You need to inform us in writing or via email about your request for full prepayment.

Once your intimation period is complete, the foreclosure statement of your loan will be issued to you from our end.

You need to submit this full prepayment cheque at our branch at least 7 working days before your next EMI date.

You can make the foreclosure payment either via DD/cheque/cash, cheque or DD in favor of "Kotak Mahindra Bank " after the intimation period is  over.

Once your foreclosure cheque is cleared your loan closure will happen in the banks records.

We will send the No Objection Certificate (NOC) and the balance Post Dated Cheque's (if any) to your correspondence address within 15 working days post termination of your loan account.

After 6 months + 1 month intimation period the foreclosure charges applicable would be 5% + service tax on principal outstanding.

What is the procedure for part prepayment?

We do not offer a part prepayment facility on your personal loan account.

Is it possible to change my Installment date? Are there any charges applicable?

Yes, it is possible to change the Installment date.

The dates available are 1st, 5th and 10th .Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable service tax.

You would need to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre 7 working days post the EMI date.

When can I swap my PDC's and what are the charges?

PDC's need to be swapped at least 7 working days pre 7 working days post the Installment date. Charges* applicable would be Rs. 500/- per instance plus applicable service tax.

What do I need to do, incase I want to opt for an ECS mode for making my Installment payments instead of PDC?

You would need to sign an ECS Mandate form. ECS Form

One security cheque to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank, at the bottom it needs to mention 'Not more than the loan amount'

Six security cheques to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and \ blank at the bottom, it needs to mention 'Not more than three times the EMI amount'

PDC swap charges* will be applicable Rs. 500/- per instance plus applicable service tax.

How can I get my new address updated on my loan?

You would need to send a written request letter to our customer care department informing the change in correspondence address.

You would need to enclose the photocopy proof of your new address. For example: An electricity bill/passport copy/ration card etc.

The new address will be updated in the bank's records within 2 working days, post submission of the above mentioned documents

How can I get my Repayment Schedule?

You can download your Repayment Schedule for Free Click here to view and download.

Should you need the bank to send you a copy, you can place a request via phone or an email or letter or walkin to our customer care branches.

The Repayment Schedule will be sent to you within two working days at your correspondence address.

How can I reschedule or postpone my EMI?

Reschedulement or postponement of EMI is not possible on your personal loan account.

When will I receive No Objection Certificate?

In case if your Loan is matured, you need to send us a request for NOC via letter email. NOC will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding).

In case if your loan is foreclosed, NOC will be issued to you 15 working days post termination of the loan in our system\ (provided there is no penal outstanding).

In case you have availed Top up loan, NOC on the old loan which is being foreclosed will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding).

I want to know the break up and calculation of the loan amount cheque given to me.

You can place a request via phone, email, letter or walk-in at any of our branches.

The loan interpretation will be couriered to you at your correspondence address within 4 working days. read more...

Kotak Mahindra Bank MCLR Rate in Delhi NCR

Marginal Cost of Funds based Lending Rate
The Marginal Cost of Funds based Lending Rate (K-MCLR) with effect from March 1, 2017 for various tenors are as given below







One Month



Three Month



Six Month



One Year



Two year



Three year



About Kotak Mahindra Bank

Kotak Mahindra is one of India's leading banking and financial services group, offering a wide range of financial services that encompass every sphere of life. Kotak Mahindra Bank Ltd is a one stop shop for all banking needs. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products.

Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed Professionals.

Since the inception of the erstwhile Kotak Mahindra Finance Limited in 1985, it has been a steady and confident journey leading to growth and success. Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, receives banking license from the Reserve Bank of India (RBI). With this, KMFL becomes the first non-banking finance company in India to be converted into a commercial bank - Kotak Mahindra Bank Ltd.

Loan Application


It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.


Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.


Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.


A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

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