Kotak Mahindra Bank Business Loan is a financial product offered by Kotak Mahindra Bank to self-employed individuals, proprietors, partnerships, private limited companies, and closely-held public limited companies. The loan amount can be used for a variety of purposes, such as expanding the business, purchasing new equipment, hiring employees, etc.
The loan amount offered by Kotak Mahindra Bank Business Loan ranges from Rs. 3 lakhs to Rs. 75 lakhs, with a flexible tenure of 12 to 48 months. The interest rate of Kotak Mahindra Bank Business Loan starts from 16% per annum.
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Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:
Processing Fee : (Non-refundable) Maximum 2% of the loan / facility amount (Plus Taxes as applicable)
Identity proof : PAN Card/Driving License/ Passport/ Voter's ID/ Aadhaar Card
Address Proof : Passport/Driving License/Voter's ID/Aadhaar Card/Utility Bill/Bank Statement/Bank Account Passbook (Updated and no more than 3 months old)
Ownership proof : Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate
Business continuity proof : Shop and Establishment certificate/Tax registrations-VAT/Service tax/GST registrations Firm Constitution MOA/Partner Ship Deed/GST Registration Certificate
1.What is Kotak Mahindra Bank Business Loan?
Kotak Mahindra Bank Business Loan is a financial product offered by Kotak Mahindra Bank to self-employed individuals, proprietors, partnerships, private limited companies and closely-held public limited companies. The loan amount can be used for a variety of purposes, such as expanding the business, purchasing new equipment, hiring employees, etc.
2.What is the loan amount offered by Kotak Mahindra Bank Business Loan?
Kotak Mahindra Bank offers business loans ranging from Rs. 3 lakhs to Rs. 75 lakhs.
3.What is the tenure of Kotak Mahindra Bank Business Loan?
The tenure of Kotak Mahindra Bank Business Loan ranges from 12 to 48 months.
4.What is the interest rate of Kotak Mahindra Bank Business Loan?
The interest rate of Kotak Mahindra Bank Business Loan starts from 16% per annum.
5.What is the eligibility criteria for Kotak Mahindra Bank Business Loan?
The eligibility criteria for Kotak Mahindra Bank Business Loan varies depending on the type of borrower and the nature of the business. Generally, the borrower must be between 21 and 65 years of age, have a minimum turnover of Rs. 40 lakhs, and a minimum profit of Rs. 1.5 lakhs.
6.What are the documents required for Kotak Mahindra Bank Business Loan?
The documents required for Kotak Mahindra Bank Business Loan include KYC documents, bank statements, proof of business ownership, business registration certificates, income tax returns, etc.
7.What are the fees and charges associated with Kotak Mahindra Bank Business Loan?
The fees and charges associated with Kotak Mahindra Bank Business Loan include processing fees, prepayment charges, late payment charges, foreclosure charges, etc.
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