Kotak Mahindra Bank

History
The Kotak Mahindra group is a financial organization established in 1985 in India. It was previously known as the Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.

Loan Products of Kotak Mahindra Bank

Loans Loan Against Property

Personal Loans

Home Loans

Gold Loan

Home Loans
Features & Benefits:1. 2. 3. 4. 5. 6. High Eligibility for Businessmen Doorstep Service Attractive Interest Rates Simplified Documentation Insurance Options to cover your home loans at attractive premium Quicker Turnaround time

Documentation:1. 2. 3. 4. Income proof and banking details Age proof and address proof Identity proof Proof of educational qualifications

Eligibility:The eligibility and the amount of loan disbursed depends on the individual's repayment capacity

Personal Loans
Features & Benefits:1. Avail loans from Rs.50,000-50 lakh 2. Quick Approval & hassle-free processing 3. Minimal paperwork 4. Flexible repayment options 5. Convenience of service at your doorstep

Eligibility:Criteria Salaried individuals Professionals Businessmen Must be a Doctor Must have clean Must be working for a (MS, MD, MBBS, BDS) payment track record Profile Public Ltd co./ MNC/ , C.A., Architect, of more than 1 year large Pvt Ltd co. Consultant, Interior of a previous loan. Designer 23 - 58 years resident 23 - 58 years resident 23 - 58 years resident Age Indian Indian Indian Net monthly salary of Filed IT returns of Filed IT returns of Income Rs. 20,000/- with no Rs.75,000/- or more Rs.75,000/- or more loans outstanding. for the last 2 years. for the last 2 years Minimum education Graduate Professional degree Graduate
Residence telephone Required Years in city Min 1 year Total work experience Min 1 year Required Min 1 year Min 5 years Required Min 1 year Min 5 years

Documentation:Document Application form 1 photograph Identity details Salaried individuals Professionals Yes Yes Yes Yes Yes Yes Businessmen Yes Yes Yes

Residence details Yes Yes Yes Signature verification Yes Yes Yes from bank Degree certificate & No Yes No Certificate of practice Payment track record No* No* Yes Latest payslip & Form IT Returns & Balance IT Returns & Balance 16 (Form 16 required Sheet & P/L Account Sheet & P/L Account Income details only when applying statement for the last statement for the last under holiday 2 years 2 years finance) Bank account For the last 3 months For the last 6 months For the last 6 months statements

Loan against property:Features & Benefits:1. High loan eligibility for businessmen 2. Loans amounts ranging from Rs.10 lakh Rs.3 crore! 3. Loans against residential as well as commercial properties

Eligibility:For self-employed professionals:1. Minimum annual income should be Rs.1.44 lakh as per the P&L. 2. Minimum gross annual income should be Rs.1.44 lakh. 3. Minimum 21 years of age. 4. Maximum 65 years of age at the time of loan maturity. 5. Firm/company should have been in operation for the last 3 years. 6. Firm/company should be making cash profits for the last two years.

For self-employed non-professionals::1. 2. 3. 4. 5. Minimum annual income should be Rs.1.44 lakh Minimum 21 years of age. Maximum 65 years of age at the time of loan maturity. Firm/company should have been in operation for the last 3 years. Firm/company should be making cash profits for the last two years.

Documentation:1. Completed application 2. Your income documents and bank statement 3. You address and age proofs

Gold Loan:Features & Benefits:1. Instant loan 2. Utmost safety of your gold 3. Minimal documentation 4. Higher Loan to Value 5. Need not be an existing Kotak Bank customer

Eligibility: Age: Minimum 18 years Constitution: Resident Individual / Proprietor Security: Gold ornaments / articles above 18 carat.

Documentation:1. For Kotak customers: latest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application) 2. For non-Kotak customers: Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs