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 Banking||The bank sends pre-approved offers to your phone number through text message. Check every time.|
|Mobile App||If you have the Kotak Bank app, check offers from the mobile application.|
|Text Message||Sometimes banks call you for pre-approved personal loans.|
|Call from Customers||You should check your email every time for pre-approved loans.|
|Send Email||You 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.