Explore Your Options
Kotak Mahindra Bank Business Loan
Kotak Bank offers banking products and financial services for corporate and retail customers in the areas of personal finance and investment banking, life insurance, and wealth management.
Powered By
Kotak Mahindra Bank Business Loan
Apply Now
Kotak Mahindra Bank Business LoanHere are a few factors
| 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 |
Kotak Mahindra Bank Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
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.
Save Your Time with a Simple Loan Process
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.
FREQUENTLY ASKED QUESTIONS
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.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Copyright 2023 © Referloan.in.