Kotak Bank
Personal Loan

Applicant Type

-Self-employed professionals (Doctors, CAs, Architects)
-Self-employed non-professionals (Traders, Manufacturers, Service Providers)
-Proprietors, Partnerships, Pvt. Ltd. Companies

Employment

Must be a salaried individual employed with an MNC, public limited, or private limited company

Age Limit

21 to 60 years

Work experience

Minimum 1 year of continuous work experience

Minimum Monthly Income

-₹25,000 net monthly income for Kotak salary account holders
-₹30,000 for non-Kotak salary account holders
-₹20,000 for Kotak employees

Docuemtns Required

-ID Proof: PAN, Aadhaar, Passport, Voter ID
-Address Proof: Utility bill, rent agreement, Passport
-Income Proof: Last 3 months’ salary slips (salaried) / ITR
-Bank statements (last 3 months)
-2–3 passport-size photographs

USP

Fully unsecured loan with no guarantor or asset needed

Credit Score

Preferably higher than 730 (source varies between 685 and 730+)