₹30 Lakh Personal Loan - EMIs Starting as low as 10.99%

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Products

Get a Personal Loan for Rs. 30 Lakh

Live up to your full financial potential with Kotak Mahindra Bank’s Rs. 30 Lakh Personal Loan, available instantly. Whether you're planning a grand wedding, renovating your home, or consolidating high-interest debts, our Personal Loan provides the significant financial advantage you need with the convenience you deserve.

Why Should You Choose Kotak Mahindra Bank for a Rs. 30 Lakh Personal Loan?

Opting for a Rs. 30 Lakh Personal Loan from Kotak Mahindra Bank allows you to handle significant expenses with ease. This loan amount comes with the advantage of competitive interest rates and flexible repayment options, making it an ideal solution for covering major costs without the burden of multiple small loans.

Key Features and Benefits of a Personal Loan

Opting for a Rs. 30 Lakh Personal Loan from Kotak Mahindra Bank comes with several advantageous features designed to cater to your significant financial needs.

Quick disbursal of funds
Competitive interest rates that ensure affordability
Flexible repayment tenure tailored to fit your financial situation
Easy application process with minimal documentation required
No collateral needed for loan approval
A viable option to balance transfer your outstanding from other loans

Eligibility Criteria Of Personal Loan

We design our loans to help a broad section of individuals; our eligibility criteria are also inclusive. For a seamless experience, ensure you meet these criteria to qualify for a Personal Loan, which is designed to offer you substantial funding without financial strain.

Must be an Indian citizen aged between 21 to 60 years
Should have a monthly income of at least Rs. 1 Lakh and above.
Must possess a strong credit history and a CIBIL score of 750 or above
Must be employed at a reputed organisation with a stable job history

Interest Rates & Charges for a Personal Loan

Enjoy competitive rates and transparent charges that make borrowing from Kotak Mahindra Bank both accessible and affordable.

Personal Loan Credit Facilities	Interest Rate and Charges Applicable
Interest Rates for Personal Loan	Starting at 10.99% per annum
Loan Processing Charges (Non-refundable)	Up to 5% of the final loan amount plus taxes
Pre - Payment Charges	For loans disbursed on or before - 1st February 2020 - Part Pre payment is not allowed For loans disbursed after 1st February 2020 -Post completion of 12 months - Part-Prepayment is allowed up to 20% of Principal loan outstanding. It is allowed only once per financial year. Payment of Rs. 500 + taxes to be made for every instance of pre-payment
Repayment Mode Swap Charges	Rs. 500 + Taxes per instance
EMI dishonour/Bounce charges	Rs. 750 + Taxes per instance

Documents Required for a Personal Loan

Our quick process helps you get your loan approved swiftly. For a quick application process, keep the following documents at hand.

Document Type	Examples
Identity Proof	Aadhaar Card, PAN Card
Address Proof	Utility Bills, Passport
Income Proof	Salary Slips, Bank Statements
Ohers	2-3 passport-size photographs

Rs. 30 Lakh Personal Loan EMI for Different Tenures

All set to apply for the Rs. 30 Lakh loan? The table below simulates the different EMI amounts for different tenures. This information will help you plan your finances effectively based on different loan repayment scenarios.

Loan Amount	Interest Rate (p.a.)	Tenure (Years)	EMI
Rs. 30,00,000	10.99%	3	Rs. 98,202
Rs. 30,00,000	10.99%	4	Rs. 77,522
Rs. 30,00,000	10.99%	5	Rs. 65,212
Rs. 30,00,000	10.99%	6	Rs. 57,087

How to Use an EMI Calculator for a Personal Loan

Using an EMI calculator to plan for a Rs. 30 Lakh Personal Loan simplifies understanding how much you will need to repay each month. Here’s how to make the most out of this useful tool.

Input the loan amount you need
Set the desired repayment period
Specify the anticipated interest rate

Using our EMI calculator will help you plan your loan according to your financial capacity and preferences.

How to Apply for a Rs. 30 Lakh Personal Loan

Applying for a Personal Loan at Kotak Mahindra Bank has a simple process designed to get you the funds you need without any unnecessary delays.

Visit the nearest Kotak Mahindra Bank branch
Complete the application form
Provide necessary documents
Submit your application and await quick approval

Our streamlined process ensures you receive your funds promptly and with minimal fuss.

Apply for Rs. 30 Lakh Personal Loan in India

Get a Personal Loan for Rs. 30 Lakh

Why Should You Choose Kotak Mahindra Bank for a Rs. 30 Lakh Personal Loan?

Key Features and Benefits of a Personal Loan

Eligibility Criteria Of Personal Loan

Interest Rates & Charges for a Personal Loan

Documents Required for a Personal Loan

Rs. 30 Lakh Personal Loan EMI for Different Tenures

How to Use an EMI Calculator for a Personal Loan

How to Apply for a Rs. 30 Lakh Personal Loan

Ready to take the next step?

Frequently Asked Questions

What is the minimum salary for a Rs. 30 Lakh loan?

How much interest is to be paid for a Rs. 30 Lakh loan?

Are there any processing fees?

Can I prepay the loan?

How long does it take to get a loan approved for Rs. 30 Lakh?