Kotak Bank Personal Loan Coimbatore

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Kotak Bank Personal Loan Coimbatore

A loan specially structured to mitigate different financial emergency is known as Personal Loan. It is a loan available within 48 hours with no collateral requirements. It is a loan available with minimal documentation requirements. Personal Loan is a unsecured loan where the applicant don’t have to pledge any security to the bank. Kotak Bank Personal Loan Coimbatore amount of the personal loan can be used for many purposes like renovating the house, for any medical emergency, for the expenses of marriage and many more.

Why go for Kotak Bank  Personal Loan Coimbatore?

  1. The personal loan is a hassle-free and has flexible loan terms & conditions.
  2. Kotak Bank Personal Loan Coimbatore has an easy and simple documentation process.
  3. Kotak Bank Personal Loan Coimbatore amount can be used for multiple purposes.
  4. The applicant doesn’t have to pledge any security with the bank.

Kotak Bank Personal Loan Coimbatore Eligibility

Personal Loan is that loan which fully depends on the income of the applicant. As it is an unsecured loan so the applicant doesn’t need to pledge anything to the lender. When an applicant applies for the Kotak Bank Personal Loan Coimbatore the first thing that strikes on their mind is that if they are eligible for this loan as bank don’t provide a loan to everyone. There are some eligibility criteria on the basis of which the bank provides a loan to the applicant.

There are two categories of applicant

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both the categories

Salaried Applicant

  1. The minimum age of the applicant should be 21 years and maximum up to 60 years.
  2. If the applicant is residing in a metropolitan city then they should have a minimum income of Rs 18,000. And if the applicant is from a non-metropolitan city then they should have the minimum income of Rs 12,000.
  3. The applicant should have the work experience of the last three years and the salary should come in their account only.
  4. If an applicant is applying for the personal loan then they must have a good credit history.
  5. The documentation process is easy they just have to submit their bank statement of the last three months and the salary slip of the last six months.

Self-employed Applicant

  1. The minimum age of the self-employed applicant should be 25 years and maximum up to 65 years.
  2. The applicant should file ITR for the last three years.
  3. The credit score of the applicant should be good and no debt should be left due and the credit score should be more than 650.
  4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
  5. And if the applicant is having a business than his business should be running from the last three years.

Kotak Bank Personal Loan Coimbatore Documents

When the applicant applies for Kotak Bank Personal Loan Coimbatore after that they have to go through some documentation process. For this process they have to submit some of their documents. They are

  1. The applicant has to submit their identity proof which includes Aadhaar Card, Passport, Voter Card, Driving License.
  2. They have to submit residence proof which includes Updated passbook, Aadhaar Card, Passport, Voter Card, Ration Card. And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity & water bill which has to be in the name of the applicant and the address of the owner.
  3. They have to submit their PAN card which is an essential document under the KYC formality.
  4. If the applicant is a salaried one, then they have to submit their salary slip of the last three months and the bank statements of the last six months.
  5. And if the applicant is a self-employed then they have to submit the ITR of the last three years and registration of their business should be done.
  6. Two passport size colored photographs ( the applicant should not wear glasses).

Salaried Individual

Self Employed People

Last 2 year Form 16

Last 2 Years ITR

Last 2-months salary slips

Last 2 years Balance Sheet

 Latest 6-month bank statements

PAN Card photocopy

Address Proof ( Voter Card, Aadhaar Card, Passport) & if in Rental Apartment ( Rented Agreement, Electricity & water Bill)

Identity Proof ( Aadhaar Card, Passport, Voter Card)

2 passport size photographs

Kotak Bank Personal Loan Coimbatore Interest Rate

The interest rate provided in the personal loan is quite affordable for the applicant. It starts at 10.75%  per annum. The rate of interest may get change.

Kotak Bank Personal Loan Coimbatore Tenure

The tenure of Kotak Bank Personal Loan Coimbatore is from 1 year to 5 years.

Kotak Bank Personal Loan Coimbatore Benefits

Kotak Bank Personal Loan Coimbatore

  1. In Kotak Bank Personal Loan Coimbatore, the applicant doesn’t need to pledge any security to the bank as the loan provided by the lender to the borrower fully depends on the income of the borrower.
  2. Personal Loan has less documentation process and very quick. The bank needs some important documents.
  3. The loan amount can be used for any purpose whether it is renovating a house, for some medical emergency, paying any due bills and many more.
  4. The loan gets sanctioned within 48 hours without any hassle. And after submitting documents, the loan gets disbursed within 24 hours of verification.
  5. There is no involvement of any third party. The loan amount is directly given to the applicant. It is a relationship between the borrower and the lender.

How to apply?

A person can easily apply for the personal loan if they are eligible. A person can apply for a personal loan from its nearest bank, or they can apply online. If the person wants to apply online, then they can apply from the site of dialabank that is www.dialabank.com. They have to fulfill the online application form, and within 5 minutes they will get a call where they will receive proper guidance about the loan. And if the person is eligible for the loan, then the loan will get approved within 10 minutes.

Who can’t apply for the personal loan?

There are some eligibility criteria to avail for the personal loan, these are :

  1. The applicant age should not be less than 21 years.
  2. A person who is unemployed can’t apply for this loan.
  3. If a person has a bad credit score or has a bad credit history than he can’t apply.
  4. An applicant who is self-employed but does not pay their ITR cannot apply for the personal loan.
  5. If a person is a salaried one than they should not have the earning less than Rs 15,000 or else they won’t be able to apply for the personal loan.

About Coimbatore

Coimbatore is located in Tamil Nadu. Coimbatore is famous for it’s a variety of businesses, manufacturing goods, textile mills, educational institutions, health concern facilities, and hospitality.


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