Get a Personal Loan for ₹ 2 Lakhs instantly
If you’re in need of quick finances for an urgent requirement, Kotak Mahindra Bank’s ₹ 2 Lakhs loan is just what you need. Whether it’s for an unexpected expense or a small-scale project, our ₹2 Lakhs Personal Loan comes with attractive interest rates starting at just 10.99% p.a. Plus, look out for our flexible repayment tenures of up to 6 years, making your loan easily manageable. Thinking of a short holiday or a small family event? This loan is perfect for such occasions.
Why Opt for a ₹ 2 Lakhs Personal Loan?
A ₹ 2 Lakhs Personal Loan EMI is not just manageable, but it can also be a smart financial tool. It’s perfect for immediate needs like a sudden medical expense or a small home renovation project, bridging the gap without putting a toll on your finances. This loan amount is not burdensome and can be easily integrated into your budget, making the repayment process smooth and stress-free.
Features and Benefits of Personal Loans for ₹ 2 Lakhs
Kotak Mahindra Bank's Personal Loan up to 2 Lakh is designed to cater to your immediate financial needs, offering a range of benefits that make it an ideal choice:
⦁ Quick access to funds: Need funds fast? We've got you sorted with prompt disbursement.
⦁ No extensive credit checks: Say goodbye to endless paperwork. We keep it simple, ensuring a smooth process for you.
⦁ Minimal documentation: A few basic documents, and you're on your way to financial support. We value your time.
⦁ Flexible use of funds: Whether it's for your wedding expenses, a short vacation, or any other expense, the choice is yours!
⦁ Convenient application process: Our streamlined process makes applying for a loan as hassle-free as possible.
⦁ Short-term commitment: Manageable payback tenures mean no long-term financial obligation for you.
Overall, a Personal Loan up to ₹2 Lakh from Kotak Mahindra Bank is not just about immediate financial relief; it’s about providing a convenient, flexible, and accessible solution to meet your urgent financial needs, ensuring peace of mind and financial stability.
Eligibility Criteria Of Personal Loan for ₹ 2 Lakhs
Knowing how to get ₹ 2 Lakhs loan is as important as it gets! But, to do that, first, you must ensure you fulfil the Personal Loan eligibility criteria.
Nature of employment
|
Employed with an MNC, public limited company, or private limited company
|
Age
|
21 years to 60 years
|
Minimum monthly income
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For a Kotak Bank Salary Account holder: Minimum net monthly income of Rs. 25,000
For a non Kotak Bank Salary Account holder: Minimum net monthly income of Rs. 30,000
For Kotak Bank Employees: Minimum net monthly income of Rs. 20,000
|
Minimum Work Experience
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You should be a graduate with at least one year of continuous employment, indicating financial stability.
|
CIBIL Score
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A good CIBIL score is necessary, reflecting creditworthiness and responsible credit behaviour.
|
That's it! Simple and inclusive. We believe in making finance accessible to a broad spectrum of people. And guess what? Checking your eligibility is just a click away. Wondering if you fit the bill? Click here and quickly discover if you're eligible for a
₹ 2 lakh Personal Loan.
₹ 2 Lakhs Personal Loan EMI for up to 4 Years
Take a look at the approximate EMI figures for different tenures below:
| Loan Amount (Rs) |
Interest Rate (p.a.) |
Tenure (Years) |
EMI (Rs) |
| Rs 2,00,000 |
10.99%
|
1 |
17675 |
| Rs 2,00,000 |
10.99% |
2 |
9320 |
| Rs 2,00,000 |
10.99% |
3 |
3273 |
| Rs 2,00,000 |
10.99% |
4 |
5168 |
Personal Loan Interest Rates for ₹ 2 Lakhs
For a ₹2 Lakh loan, we offer:
⦁ Attractive interest rates, starting from 10.99% p.a.
⦁ Flexible repayment tenures, 1 to 6 years, to suit your financial situation.
Check out our ₹ 2 Lakhs Personal Loan interest rate table online for detailed information.
| Loan Amount |
Interest Rate |
| ₹2 Lakh |
Starting at 10.99% per annum |
Documents Required for Personal Loan for ₹ 2 Lakhs
When applying for a ₹ 2 Lakhs Personal Loan EMI plan, the documentation is straightforward and minimal, ensuring a quick and smooth application process:
⦁ Identity Proof: A valid government-issued document like an Aadhaar Card, PAN Card, Voter ID, or passport is required to verify your identity.
⦁ Address Proof: Utility bills, passport, or any government-issued address documentation to establish your place of residence.
⦁ Income Proof: Recent salary slips (of the past three months), bank statements, or income tax returns to validate your income and repayment capacity.
The simplicity of the documentation for a loan up to ₹ 2 Lakhs makes the application process efficient, allowing you to quickly access the funds you need without the burden of extensive paperwork.
How to Apply for a Personal Loan for ₹ 2 Lakhs?
Applying for a ₹2 Lakh loan at Kotak Mahindra Bank is straightforward and convenient:
1. Online Application: Start by visiting our website. Here, use the Personal Loan EMI calculator to understand your repayment options and then fill out the online application form for a Personal Loan.
2. Loan Selection: Choose the loan amount – in this case, ₹2 Lakh. Select the tenure that suits your repayment capacity.
3. Document Submission: Provide the necessary document required for Personal Loan. This typically includes proof of identity, address, and income.
4. Approval and Disbursal: After reviewing your application and documents, we will quickly process your loan. Upon approval, the ₹ 2 Lakhs Personal Loan will be disbursed to your account as soon as possible.
5. Repayment: Manage your repayments effectively using our Personal Loan EMI Calculator, ensuring your Personal Loan fees and charges are clear and affordable.
This simple process ensures you receive the financial support you need without hassle.
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