Kotak Mahindra Bank Business Loan
Based on 127 Customer Reviews
Published on: 13 Sep 2018
Based on 127 Customer Reviews
Published on: 13 Sep 2018
Kotak Mahindra Bank is an Indian Financial Services conglomerate headquartered in Mumbai, Maharashtra, India. In 1985 Uday Kotak established Kotak Mahindra Finance Ltd. (KMFL) and it received a banking license to work as a private sector bank from Reserve Bank of India in February 2003. Kotak Mahindra Bank is the fourth largest private bank in India and one of the most preferred loan providers with a network of 1,369 branches across 689 locations and over 2,163 ATMs in the country. The bank offers a host of financial and banking services for corporate and retail customers through various delivery channels and a wide range of specialized subsidiaries to the customers in the areas of investments, life insurance, personal finance and wealth management.
Business loan acts as a perfect financial aid to meet the financial crunch of the new or existing businesses. Whether you need to invest in machinery and plant or to fund a commercial property, require credits for the working capital facilities, business loan will help you to catalyze each of your business needs and provide a solution for your financial crisis. Kotak Mahindra Bank business loans are created exclusively for SMEs and MSMEs to help them grow and diversify their businesses further. Kotak Mahindra Bank offers a hassle-free business loan application process with simplified documentation, flexible loan tenure and lower interest rate for businesses of all sizes. Kotak Mahindra Bank business loans can also be availed with a collateral or security which has a good market value and is freely transferable. Afinoz.com has an exclusive tie-up with Kotak Mahindra Bank. Therefore applying for Kotak Mahindra Bank business loan through Afinoz.com makes the process of application and approval of business loans from Kotak Mahindra Bank much simpler and quicker. By availing the benefits of Kotak Mahindra Bank business loans through Afinoz.com, business owners can achieve their dreams of aggressive business expansion and establish a profitable and productive business.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at firstname.lastname@example.org. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
Kotak Mahindra Bank Business Loans are a perfect solution to service your short-term finance and working capital requirements. With Kotak Mahindra bank at your service, you can focus on growing your business while we take care of financing your business expansion needs.
Kotak Mahindra bank business loan eligibility and Kotak Mahindra bank business loan interest rates can be easily evaluated through and seen on Afinoz’s website. If there is any query about Kotak Mahindra bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at email@example.com and get all the solutions at one go.
Any Indian citizen having his own business and having residual income and the ability to repay the loan is eligible for Kotak Mahindra Bank business loans. Other parameters that a loan seeker must satisfy in order to be eligible for getting a business loan for their business are mentioned below:
For obtaining a maximum amount of loan, a borrower should produce the documents according to their business profiles as follows:
Documents for Self-employed Proprietorship Companies
|Interest Rates||11% ( Upto Rs. 3 crores )|
19.5% ( Above Rs. 3 crores)
|Loan tenure||1 TO 5 YEARS|
|Processing Charges||Upto 1.00% of the sanctioned loan amount + Service Tax|
|Prepayment||No prepayment permitted until the repayment of minimum 6 months EMI|
|Prepayment charges||2% of the Principal Outstanding Amount + GST|
|Loan Amount||Minimum Loan Amount - Upto Rs 10 lakhs|
Maximum Loan Amount - Upto Rs 3 crores
|Penal Interest||2 % per month on overdue installment amount|
Special Note: Rates are subject to periodic change. Business loan interest rates in Kotak Mahindra bank and other fees and charges are subject to regular review and can vary from customer to customer depending upon a number of factors ranging from credit score, to existing loans, amount of savings, company with which you are currently employed, number of years of relationship with Kotak Mahindra bank etc.
Afinoz.com is India's leading personalized financial marketplace. We have created a business loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.
Kotak Mahindra bank has an exclusive tie-up with afinoz.com. If you are looking for a business loan then you can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.
Business owners can apply for a loan in Kotak Mahindra bank through Afinoz.com in the following three simple steps:
At each step of the application process, Afinoz.com allows it's applicant to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become a popular option among a large number of business owners.
Query- Why should I take a business loan from Kotak Mahindra Bank?
Reply- Kotak Mahindra Bank perfectly understands the unique needs of all small and medium enterprises (SMEs) and is always keen to support their financial needs. They provide short and long-term loans of up to Rs. 3 crore without any collateral/security to solve businesses financial crunch along with providing advanced installment options and structured repayment schedules.
Query- Can I repay the business loan early?
Reply-Yes, you can pre-pay your business loan after a period of 6 months or repayment of 6 EMIs whichever is earlier or as per the terms and conditions stated by Kotak Mahindra Bank. In case you want to pre pay your loan before 6 months, a small prepayment fee will be charged by the bank.
Query- How much time will it take to get the loan disbursed?
Reply-Once you fill in and submit the application form online on Afinoz.com, the bank will then take 2-3 business days to process and disburse the business loan amount. The sole approval of the loan depends exclusively on the bank and your required amount.
Query-How can I find out if I am eligible for the Kotak Mahindra Bank business loan?
Reply-Afinoz.com provides you with an eligibility calculator called business loan eligibility calculator which you can use to determine your eligibility for the loan. It will also tell you the amount up to which you can avail this loan.
Query-What is the minimum and maximum amount of business loan that I can avail?
Reply- Kotak Mahindra Bank provides a minimum amount of Rs.10 lakhs up to the maximum amount of Rs. 3 crores as per your needs and your eligibility.
Query-Do I need to provide any security for availing business loan from Kotak Mahindra Bank?
Reply-No collateral/security is needed while applying for a business loan from Kotak Mahindra Bank
Query-What is the maximum and minimum loan tenure for a business loan from Kotak Mahindra Bank?
Reply- You can avail a business loan from Kotak Mahindra Bank for a period ranging from 1 to 5 years.
Query- Will my information be safe online?
Reply- Afinoz.com is one of India’s most committed financial platforms which does not share any of its client data with third-parties other than the concerned financial institution/s. All the data is sent online in an encrypted format making it safe and secure at all times.
Query- How do I repay my Kotak Mahindra Bank business loan?
Reply-You can repay your loan in EMIs (Equated Monthly Installments) in the form of post-dated cheques or if you have an account with the Kotak Mahindra Bank, then by opting for direct debit from your bank account on the due dates.
Query- How can I track my loan application process?
Reply- You can log onto our website www.afinoz.com with the unique transaction ID provided to you at the time of signup and track your application. You can also track your application process through your registered mobile number and email-ID in real-time.
Query-What are the interest rates offered by Kotak Mahindra Bank for a business loan?
Reply- Kotak Mahindra Bank business loan interest rates currently ranges from 11% to 19.5%
For any query about Kotak Mahindra bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at firstname.lastname@example.org