The Kotak Mahindra Bank in Hyderabad offers a personal loan to people to meet expenses for personal needs like vacation, car, medical treatment, house renovation, and other purposes. It is a big help in the times of financial distress when a person is in need of urgent money or in the times of an emergency. Taking the loan online is a convenient option that reduces the stress involved in the loan application process. Kotak bank personal loans in Hyderabadis available for individuals and families who need an amount of fifty-thousand to fifteen lakh rupees.
People who are in the age group of 21-58 years can apply for the Kotak bank personal loans. The person must be an employee of an MNC or a private company or a public company. The minimum salary should be twenty thousand rupees per month. The person must be a graduate with a work experience of minimum one year. The interest rate on the personal loan is 10.99-24%. Some documents have to be deposited in the bank for getting the loan. It includes proof of identity, residence, age, signature, and ownership. One has to give income details along with bank account slip. Apart from these documents, one has to affix one photograph on the application form. People who have current loans in any other bank can shift it to the Kotak bank easily.