Branch Office
B-134, Third Floor, DDA Shed
Okhla Industrial Area,
Phase - 1
New Delhi - 110020
Working Time
Mon-Sat | 10:00 - 06:00 |
Sunday | Online |
Get Kotak Mahindra Business Loan which is a secured loan. It is used for Business Expansion, New startups, Machinery and Equipment, Working Capital, and Managing Cash Flow.
As an authorized Direct Selling Agent, LoanMoney acts as a mediator between borrowers and Kotak Mahindra, helping businesses to meet their financial requirements. The loan facility offers minimal documentation requirements, attractive low-interest rates for an extended repayment tenure, a swift approval process, nominal processing fees, and various flexible repayment options. Obtain hassle-free financial support from India's leading bank by applying for Kotak Mahindra Business Loan through LoanMoney.
Kotak’s Business Loan is a collateral-free loan. It means that if you satisfy the business loan eligibility criteria, you could get the business loan without any collateral. No security is required. Kotak Business Loans range from Rs. 5 lakhs to Rs.75 Lakhs. We also offer loans against credit card receivables (FCCR) with a maximum loan amount of Rs.3 crore.
Fee | Amount to be Paid |
---|---|
Rate of Interest | 15.50% To 19% |
Loan Processing Charges | Upto 2% |
Cheque Bounce Charges | NA |
Cheque/ Instrument Swap charges | NA |
Prepayment/ Foreclosure Charges | NA |
Default Interest Rate | NA |
Duplicate Statement Issuance Charges | NA |
Duplicate Amortization Schedule Charges | NA |
Duplicate Interest Certificate | NA |
S(Provisional/ Actual) issuance Charges | NA |
Particulars | Salaried | Self Employed | Professional |
---|---|---|---|
Age(Min-Max) | NA | 25 To 65 Years | 25 To 65 Years |
Minimum Income | NA | Min. 4 Lakh/ p.a ITR | Min. 4 Lakh/ p.a ITR |
Co-applicant | NA | If Required | If Required |
Loan Tenure | NA | 3 To 5 Years | 3 To 5 Years |
Maximum Loan Amount | NA | Max. 75 Lakhs | Max. 75 Lakhs |
Employment/Business Continuity | NA | Min. 3 Years | Min. 3 Years |
CIBIL Score | NA | Min. 650 | Min. 650 |
Mandatory Documents List
Identity proof - PAN Card/Driving License/ Passport/ Voter ID/ Aadhaar Card
Address Proof - Passport/Driving License/Voter 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
Salaried | Self Employed | Professional | |
---|---|---|---|
Age | NA | 25 To 65 Years | 25 To 65 Years |
Loan Amount | 5 To 75 Lakhs | 5 To 75 Lakhs | 5 To 75 Lakhs |
Tenure | NA | 3 To 5 Years | 3 To 5 Years |
Rate of Interest / APR [Annual Percentage Rate] | 15% To 19% | 15% To 19% | 15% To 19% |
Features | Flexible repayment methods Facility | Flexible repayment methods Facility | Flexible repayment methods Facility |
Processing Fees | 15% To 19% | 15% To 19% | 15% To 19% |
Special | NA | top-ups when reqire after 6 month | top-ups when reqire after 6 month |
Documentation | NA | KYC/Financial(2 Years) & ownership Proof | KYC/Financial(2 Years) & ownership Proof |
Eligibility | NA | The following people are eligible to apply for a Business Loan:
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The following people are eligible to apply for a Business Loan:
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Share your contact details and talk with our experts to get an instant decision on your loan.
We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.
Business Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
An Affordable or cheapest Business Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Business Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Business Loan.
The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.
Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Business Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.
The features of Loanmoney's Fastest Business Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.
No, you don’t have to provide any security, collateral or guarantee to obtain Business Loan from Bank.
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Read MoreB-134, Third Floor, DDA Shed
Okhla Industrial Area,
Phase - 1
New Delhi - 110020
Mon-Sat | 10:00 - 06:00 |
Sunday | Online |