Pre-Approved Personal Loan with Kotak Mahindra Bank

Pre-Approved Personal Loan with Kotak Mahindra Bank

Whenever we hear about a pre-approved loan, our face comes with a big smile.  We all know pre-approved loans are available within a second. With a hassle-free document process, you can easily take an instant pre-approved loan.

Kotak Mahindra Bank also offers pre-approved personal loans to existing customers. With a good credit history, customers may be eligible for pre-approved offers.

Features of Kotak Mahindra Bank Pre-approved Personal Loan

Minimum Documents: The simple documents process gives you an instant pre-approved Kotak Bank loan.

No Hard Enquiry: As you have a pre-approved offer, the bank does not check hard inquiries.

Quick Fund: Pre-approved personal loan credit to account much quicker. It will take a second to credit the loan amount.

No Collateral: Pre-approved loan is an unsecured personal loan. So, forget about the security of your assets.

Flexible Loan Interest: Kotak Mahindra Bank provides 10.99% interest on pre-approved personal loans. So, it will help you to pay the EMI easily.

Loan Tenure: Loan repayment tenure is much easier to pay. With Kotak Bank, you may take up to 60 months of loan tenure.

Kotak Bank Pre-approved Loan Eligibility

Before applying, you may take a look at Kotak Bank’s pre-approved personal loan eligibility:

  • Existing customers of Kotak Bank
  • Required good credit score
  • Not defaulter of existing loan
  • Maintain monthly balance to Kotak Bank account

Check Pre-Approved Offers

You may check pre-approved loan offers from the deferred method. Let’s take a look.

Net BankingThe bank sends pre-approved offers to your phone number through text message. Check every time.
Mobile AppIf you have the Kotak Bank app, check offers from the mobile application.
Text MessageSometimes banks call you for pre-approved personal loans.  
Call from CustomersYou should check your email every time for pre-approved loans.
Send EmailYou should check email every time for pre-approved loans.

How to Apply for Kotak Bank Pre-approved Loan

Step 1: Open the Kotak Bank application or log in to Internet banking and check for a pre-approved loan.

Step 2: Check your loan amount & repayment tenure.

Step 3: Fill out the basic application form.

Step 4: Now, the loan amount will be credited to the Kotak Bank account instantly.

FAQs on Kotak Bank Pre-approved Loan

How much loan is available from Kotak Bank’s pre-approved offer?

Kotak Bank does not mention clearly about the loan amount. Most of the banks offer up to Rs. 5 lakh pre-approved loans.

What credit score is enough for Kotak’s pre-approved loan?

A minimum credit score 740+ is needed for Kotak Bank’s pre-approved personal loan.

What is the minimum age required for a pre-approved loan?

Your minimum age should be between 21 to 58 years for a pre-approved loan.

I am not an existing customer of Kotak Bank. May I get a pre-approved loan?

The answer will be no. We already said, that only existing customers will be eligible for pre-approved loans with good repayment histories.

Leave a Comment

Your email address will not be published. Required fields are marked *