![]() Credit Score - Kotak Bank checks the CIBIL score of personal loan customers which has to be minimum of 650.Relationship with the Bank - Kotak Bank offers special rates to the existing customer of the bank, who have a high likelihood of getting loans at lowest interest rate starting at 10.99%. ![]() MyLoanCare can also help you check which category of company you qualify in to help you get the best offer. When you apply for Kotak personal loan, the bank will decide on your interest rate based on the company category you fall in. Employer Category - Kotak Bank has clubbed the companies in a high to low category based on internal assessment of company’s size, reputation, profitability etc.The rate of interest is higher if you fall in the low salary bucket and lower if you fall in higher income bucket. Salary - Kotak Bank offers personal loan to all customers with a net take home monthly salary of more than ₹ 40,000. ![]() Loan Amount - Kotak Bank offers loans between ₹ 1 Lakh and ₹ 50 Lakh and charges lower rates on higher loan amount and vice-versa, so apply accordingly. ![]() There are multiple factors taken into consideration while calculating a loan offer. ![]()
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