Documentation For Avail Personal Loan
Posted by Palak Bisht on July 15th, 2019
In today's era, we all want to achieve something better in life, and for that, we have to be financially stable. We always need some amount of money to startup. Whether you want to go abroad for your higher studies or you want to set up your new business, you want some financial help to achieve that. Personal Loan helps you in your financial crises and provides you with the financial budget to accomplish that.
What is Personal Loan?
Personal Loan is a loan which is provided by the banks to the individual so that he can conquer his financial emergency. It is an unsecured loan, which means you don’t have to submit any collateral to the bank or lender in exchange for the loan amount. You are independent to use the loan amount as per your desire. Kotak Mahindra Bank Personal Loan provides you with special offers and best interest rates in the market.
Uses of Personal Loan
In other loans, we have to use that amount for a specific purpose, but Personal Loan is not like other loans, we are free to use the loan amount as per our need. The uses of Kotak Mahindra Bank Personal Loan are as follows:
There is no need to give any collateral to the lender, which means there are no chances of the auction of your assets by the lender. You can utilize the loan amount in the way you want to.
Urgent Documentation for Personal Loan
There are specific documents which are required for the Kotak Mahindra Bank Personal Loan. You cannot avail the services of the Loan without these documents.
Aadhar Card, Voter Card, Driving Licence, Passport. Anyone of them can be used as your Identity Proof.
Aadhaar Card, Voter Card, Driving License, Passport, Ration Card, Utility bills of last three months. You can use any one of them as your Residence Proof.
PAN card/Driving License/ID card issued to the government staff all are considered as signature proof.
Eligibility of Personal Loan
For availing the Personal Loan, there are some eligibility rules which one has to pass. You can only get the Kotak Mahindra Bank Personal Loan if you are eligible in the following parameters.
2. Income: The income for the Salaried applicant should be Rs.35,000 Per month which is applying for the Dhanlaxmi Bank Personal Loan on the other hand self-employed applicant required at least Rs18,0000 per annum income to avail the Kotak Mahindra Bank Personal Loan.
About the AuthorPalak Bisht
Joined: July 12th, 2019
Articles Posted: 6
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