Which Bank Offers Best Personal Loan for Infosys Employees?

Multiple banks and lending institutions offer attractive loan schemes for employees of leading organizations, such as Infosys, TCS, Wipro, HP, Oracle, etc. When it comes to the best personal loan, Kotak Mahindra Bank offers a personal loan for Infosys employees in the most favorable terms. Kotak Mahindra Bank personal loan interest rates start from as low as 10.75% p.a. for the loan amount ranging from Rs. 50,000 to Rs. 20 lakh.  

Kotak Mahindra Bank personal loan for Infosys employees

Employees of leading organizations can apply for a personal loan for their unforeseen financial needs like home repair, medical expenses, debt consolidation, higher education, and wedding expenses. You can get a personal loan between Rs. 50,000 to Rs. 20 lakh. To know your eligibility for a personal loan, you can use Kotak Mahindra Bank personal loan eligibility calculator. 

Kotak Mahindra Bank Personal Loan Interest Rates and fees

Why opt for Kotak Mahindra Bank personal loan

Flexible loan amount: Kotak Mahindra Bank offers a personal loan between Rs. 50,00 to Rs. 20 lakh for employees of top brands. 

Competitive interest: Kotak Mahindra Bank personal loan starts from as low as 10.75% per annum. Eligible customers of leading companies can get the loan at the lowest interest rate.

Personal loan in 3 seconds: Kotak Mahindra Bank offers a personal loan through its website and app, or you can visit the bank branch. If you meet all eligibility criteria, you can get a personal loan in just a couple of seconds of approval. 

Hassle-free documentation: Online personal loan application needs minimal documentation. All you need to do is visit the official website of Kotak Mahindra Bank to apply for the loan and submit the KYC documents online. 

Eligibility criteria for Kotak Mahindra Bank personal loan

The bank offers a personal loan specifically for salaried employees. Here are basic criteria you will need to meet to get the loan.  

• Resident Indians working with reputed companies like Infosys for at least past 1 year can apply for a personal loan from the bank. 

• The age of the applicant should be in a range of 21 to 58 years old.

• Your monthly salary should be at least Rs. 20,000. 

• You must be an active resident of the current city. 

• Borrowers should have a good to excellent credit score to get a personal loan.

• Graduation should be the minimum qualification of the applicant. 

Documents required for Kotak Mahindra Bank personal loan

Kotak Mahindra Bank offers a personal loan with minimal documentation to make the application process hassle-free and fast. Borrowers need to submit personal and financial documents to apply for the loan. The bank requires borrowers to submit the following documents to get a personal loan.

• Proof of identity like Passport /PAN card /Driving license /Voter’s ID /Aadhaar card

• Address proof like Leave & License Agreement/ Ration card /Utility bill (for the latest 3 months) / Passport – provided the document has the present address as mentioned in the loan application form

• Credit information like PAN card number to verify your credit score

• Income proof like salary slips for the last 3 months 

• Bank statement for the last 3 months with income credit 

• 2-3 passport size photographs

Kotak Mahindra Bank personal loan EMI calculator

Kotak Mahindra Bank offers a personal loan for a flexible repayment tenure of 12 to 60 months. You can use a personal loan eligibility calculator to find out the best loan tenure based on your repayment capacity per month. A longer repayment period means you will have plenty of time to repay the loan. However, the interest rate paid by you will be higher for the longer-term.  

Therefore, to arrive at the right installment that will fit into your budget without putting a strain on your income, you can use the Kotak Mahindra Bank EMI calculator. It is easy to use, you have to enter personal loan components like the loan amount, interest rate, and loan tenure. You will get the result in just one second. 

Conclusion

While employees of a reputed company can easily get a personal loan from any lender, Kotak Mahindra Bank is one of the best lenders for employees of leading organizations like Infosys to get a personal loan at the most favorable terms like low-interest rates, nominal processing fees, flexible loan terms, higher loan amount and minimal documentation. You can apply for the loan online from your home or office. 

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shruti keshre Joined: January 20th, 2020