You can get a personal loan from Kotak Mahindra Bank to complete your fund requirements. The bank charges a lower interest rate on the borrowed amount and offers a flexible repayment duration up to 5 years. Kotak Personal loan interest rate is fixed and doesn't change with the bank MCLR rate. And, using the Kotak personal loan EMI calculator you can compute instant loan monthly loan installment. To know about the loan features and benefits of the online tools read the given article.
Affordable interest rate on the borrowed amount Kotak Mahindra Bank charges a lower interest rate on the loan amount that is starting from 10.99% per annum. The applicant can negotiate for a lower Kotak personal loan interest rate if the individual meets the loan eligibility criteria and has a good credit report. On the other hand, if your credit status isn’t good then your loan interest rate gets affected and it can be maximum up to 20.995 per annum. You can pay the charged interest rate along with your equated monthly installment. And to calculate the EMI of your Kotak personal loan you can use the EMI calculator tool. Use Kotak personal loan EMI calculator for an easy payment management With the help of an online EMI calculator tool, calculate the monthly loan installment of your loan amount. To use the Kotak personal loan EMI calculator visit Kotak Mahindra Bank website and click on the “calculate EMI” button. When you visit the EMI calculator page enter your loan details such as borrowed amount, interest rate and loan tenure. After placing the loan details you can view the total payable Kotak personal loan interest rate and EMI. To understand the working of EMI calculator suppose, if you borrow a loan amount of INR 10 lakh at an interest rate of 12.25% for 60 months then your computed EMI would be INR 22,346. The EMI calculator also generates the total payable interest rate of the borrowed amount that would be INR 3 lakh for the mentioned amount. Apply for Kotak personal loan and get your needs fulfilled To get a personal loan from Kotak Mahindra Bank visit your nearest bank branch or use its online banking services. Fill the online application form by entering the details like name, email address, mobile number, net income salary, etc. and click on the proceed button. You will get a call from the bank regarding the personal loan and after that you are required to submit a few documents. The required documents for the Kotak personal loan are KYC proof, income proof and address proof like Aadhar Card, PAN Card, Salary Slip, ITR report, etc. The bank charges a processing fee for the personal loan that is minimum 0.99% of your borrowed loan amount and can be maximum up to 2.50%. So, take a personal loan from Kotak Mahindra Bank and satisfy your urgent money requirement such as wedding expenses, child’s education funding, medical examination expenses, etc. The Kotak personal loan interest rates are low and you can pay the loan EMI using auto-debit, PDCs or ECS payment method. And, with the help of Kotak personal loan EMI calculator compute instant EMI. All in all, Kotak Mahindra Bank makes your loan procedure easier and fulfills your money requirement.
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Anika Sharma
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