Here are a few factors

Rating 0 /
Total - 0 ratings
Location 50Km from Branch
CIBIL Score 630+( No Latest Bouncing)
Processing Offline
Business Vintage 3 Year
Minimum Turnover 50 Lac-200 Cr
Loan Amount & Tenure 5 Lac-2 Cr
(12 month to 36 month)
Loan Product Term Loan & OD Product
Rate of Interest & Type Normal: 16% to 20% Professional: 14% to 16% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 5%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 25 year to 65 year
Part Payment Allowed No
Whether Ownership Proof Required Yes, either office or residence one should be owned within Lending Branch Jurisdiction
Business Registration Proof Mandatory Yes
Program Banking -35 Lac, GST Program-35 Lac, Income-2 Cr
Product for Professionals Yes, Lower Rate of Interest for MBBS Doctors & Chartered Accountant
Negative Profile Both Side Rented, Advocates, Share Traders, Gym, Real Estate
USP Funding to School
Additional 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Grain Traders, Aviation Sector, Civil Contractor, Hotel, Coal Industry is Call base Profile

Documents Required for Kotak Mahindra Bank Business Loan

Let’s look into the required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : Kotak Mahindra Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank offers a business loan to self-employed businesspeople and manufacturers to assist them to develop and grow their businesses. The loan is available in amounts ranging from Rs.3,000,000 to Rs.75,000,000. The interest rate on the loan amount is set at 15% p.a. The fee for processing is 2% of the loan the total amount. The repayment must be made in the form of EMIs. The maximum number of EMIs that an applicant can pay is 36, implying that the loan amount must be repaid within three years.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


Business loans offered by Kotak have a fixed rate of interest.

Within lock in period of 12 months from the date of agreement and 5% on foreclosure loan amount otherwise (plus GST and other applicable statutory levies).

No, part payment is not allowed for business loans.

Kotak Mahindra Bank offers business loans for a maximum of 35 lakhs.

To track your Kotak Mahindra Business loan, you can visit the official website or contact their Toll-Free Nos: 1860-266-2666 / 1800-209-5600.