₹10 Lakh Personal Loan - EMIs Starting as low as 10.99% (2024)

Obtaining a personal loan for 10 lakhs is possible for everyone now at reasonable rates from Kotak Mahindra Bank. Avail of a personal loan up to 10 lakhs through a quick and simple process.

Unlocking financial flexibility is now easier than ever before with Kotak Personal Loans. Our straightforward application process ensures a hassle-free experience while competitive interest rates with flexible tenures make repayment affordable as well. No need to put up any collateral to realise the potential of using a ₹10 Lakh personal loan – the ideal solution for a whole bunch of financial needs. Learn how to apply for a personal loan of ₹10 Lakh quickly and efficiently. Your financial aspirations are just a few clicks away.

A personal loan of ₹10 Lakh from Kotak doesn’t just mean financial assistance, there’s much more. Here's why it stands out:

⦁ Ample Loan Amounts: Avail of loan amounts up to ₹40 Lakh and address just about any financial need.
⦁ Zero Collateral Requirements: Enjoy stress-free finance without the need to put up valuable assets.
⦁ Simple Application: Minimal documentation and easy application make the loan journey a breeze.
⦁ Flexible Repayment Options: Customise your loan repayment tenure and select, from a range of 1 to 6 years, for added financial ease.
⦁ Attractive Interest Rates: Experience competitive interest rates, starting from just 10.99%* p.a., and make your loan more affordable.
⦁ Digital KYC and Video Verification: Embrace the convenience of digital-first banking with seamless KYC and video verification processes.
⦁ Versatile Usage: Use the loan amount with no end-use restrictions.

You can easily determine your eligibility for a ₹10 Lakh personal loan from Kotak by utilising our user-friendly online calculator right here on the official website. The eligibility parameters for a personal loan of ₹10 Lakh are as follows:

⦁ Nature of Employment: Salaried individuals working in MNCs, public limited companies, or private limited companies are eligible.
⦁ Age: Applicants should fall within the age bracket of 21 to 60 years.
⦁ Minimum Monthly Income:
⦁ For Kotak Bank Salary Account holders: A minimum net monthly income of ₹ 25,000.
⦁ For Non-Kotak Bank Salary Account holders: A minimum net monthly income of ₹ 30,000.
⦁ Kotak Bank employees: A minimum net monthly income of ₹ 20,000.

⦁ Minimum Educational Qualification: Applicants must have a graduation degree.
⦁ Work Experience: A minimum of one year of work experience is required.
⦁ A good CIBIL score

Ensure you meet these criteria before applying for a Kotak personal loan of ₹ 10 Lakh, and take a step closer towards realising your financial aspirations.

Breeze through your financial journey with ease by opting for an easy ₹10 lakh personal loan EMI plan for 5 years. A longer tenure ensures your monthly repayments are structured and planned to suit your budget for convenience.

Kotak empowers you with the opportunity to customise your repayment plan, making it adaptable to your finances. This flexibility allows you to choose a comfortable tenure for your ₹10 lakh personal loan, ensuring the monthly EMI is well within your means.

Here's a glimpse of the estimated EMI amounts for various tenures:

The rate of interest is a crucial factor to consider when you are applying for a personal loan for 10 lakhs. This amount is included in the instalments you need to pay each month. The personal loan interest rate at Kotak Mahindra Bank is extremely affordable.

Before moving into the nitty gritty of a ₹10 Lakh personal loan, one of the most pivotal aspects that needs your attention is the interest rate. This rate plays a significant role in shaping your monthly financial commitments, as it directly influences the equated monthly instalments (EMIs) you will be paying. At Kotak Mahindra Bank, your financial journey is facilitated with a highly affordable starting interest rate of just 10.99% for a ₹10 lakh personal loan.

Going for personal loan with a lower interest rate not only eases the monthly financial burden but also gives you greater financial flexibility. You can allocate resources to other priorities, ensuring a balanced and sustainable financial approach. When considering a ₹10 Lakh personal loan, explore the cost-effectiveness of the interest rates. This will give you a foundation for financial stability and prudent budgeting.