Personal Loan Eligibility
There are specific factors that determine whether one is eligible to apply for a personal loan.
Go through our eligibility criteria to experience a hassle free, satisfactory process while availing a
personal loan.

There are specific factors that determine whether one is eligible to apply for a personal loan.
Go through our eligibility criteria to experience a hassle free, satisfactory process while availing a
personal loan.
The amount of loan that you can avail of depends on your eligibility, i.e., your occupation, age, and income, among others. You can check the eligible loan amount using Kotak Mahindra Bank’s personal loan eligibility calculator. Just enter some simple details and check your personal loan eligibility within minutes with Kotak Mahindra Bank’s personal loan eligibility calculator.
Final loan amount eligible
18,00,000 INR
Availing of a personal loan is easy. However, you need to meet the personal loan eligibility criteria specified by the lender to get the loan sanctioned.
Kotak Mahindra Bank offers personal loans with simple eligibility parameters. Employed individuals aged between 21 and 60 years can avail of personal loans for their financial needs.
Kotak Mahindra Bank offers personal loans ranging from Rs. 50,000 to Rs. 25 lakhs for various personal and commercial purposes. So, check your eligibility and avail Kotak Mahindra Bank’s quick personal loans.
The personal loan eligibility criteria vary across salaried and self-employed borrowers. Here’s a quick look at Kotak Mahindra Bank’s personal loan eligibility for a salaried person -
Nature of employment |
Employed with an MNC, public limited company, or private limited company |
Age |
21 years to 60 years |
Minimum monthly income |
Corp Salary borrowers: Rs. 25,000 Non-Corp Salary borrowers: Rs. 30,000 An employee of Kotak Mahindra Bank: Rs. 20,000 |
Minimum educational qualification |
Graduation |
Work experience |
At least one year |
Many factors might affect the personal loan eligibility criteria of borrowers. These factors are as follows:
Personal loan eligibility means the criteria that you are required to fulfill to get your loan sanctioned successfully. Lenders list down the personal loan eligibility criteria, and borrowers who meet them can avail a personal loan.
You can use a personal loan eligibility calculator to check your eligibility while availing a personal loan from Kotak Mahindra Bank. There are various factors that determine your personal loan eligibility.
Your monthly income is the most important element when finding out your personal loan eligibility. Minimum salary requirement to avail a personal loan from Kotak Mahindra Bank is:
Apart from this your existing debts should also be considered when calculating eligibility. Some of the other factors include job location, type of job, your employer’s history, your credit history and credit score.
To check your personal loan eligibility, go to Kotak Mahindra Bank website’s personal loan eligibility calculator. Provide the details about your monthly income and existing debts. Then click submit. The personal loan amount you are eligible for will get displayed on your screen.
You can improve your personal loan eligibility by improving your credit score, having a high monthly income, reducing your existing debts, and also if you are an employee of a reputed employer.
Calculating your personal loan eligibility is crucial when borrowing a personal loan. Because the personal loan amount that can be sanctioned to you, depends on your loan eligibility. So, before applying for a personal loan from Kotak Mahindra Bank or any other financial institute it is imperative to determine your personal loan eligibility.
Your personal loan eligibility depends on many factors. Your monthly salary and existing debts are the most important ones. Your age, credit history and credit score, location and type of employment, your employer’s history are some other important factors.
Determining your personal loan eligibility is quite easy with Kotak Mahindra Bank’s personal loan eligibility calculator. All you need to do is visit the website, add the required information and click on submit. The loan amount that you are eligible for will automatically be calculated and shown on your screen.
The personal loan eligibility calculator is an online tool that helps you estimate the maximum loan amount you can receive based on your eligibility parameters.
You can visit Kotak Mahindra Bank’s website and use the personal loan eligibility calculator. Just fill in the details required in the calculator, and you will be able to check your eligibility for the loan amount.
Using the personal loan eligibility calculator, you can check the maximum loan amount you can avail.
You can also find out if you need to improve your eligibility qualifications to receive a higher loan amount. Furthermore, when you check your eligibility and then apply for the loan, you minimize the chances of loan rejection.
Your age, credit score, employment history, monthly income, and existing debts affect your personal loan eligibility.
If you have existing debts, a part of your income goes towards their repayment. This factor reduces your net disposable income for paying off the personal loan. As such, if you have existing debts, the amount of loan that you receive reduces.
You can qualify for a personal loan if you are aged 21 to 60 years and employed. Moreover, your net monthly income should match the lender’s minimum requirement, and you should have a good credit score.
Kotak Mahindra Bank provides eligible borrowers with instant personal loans starting from Rs. 50,000. You can avail up to Rs. 25 lakhs as personal loan. The eligibility criteria is quite simple.
Checking your personal loan eligibility for 10 lakhs loan amount is easy. You can check it yourself with the help of the personal loan eligibility calculator. Whether or not you qualify for your required loan amount depends on your monthly income and existing debts, if any.
To check your eligibility, go to the personal loan eligibility calculator on Kotak Mahindra Bank’s website and feed your monthly income and existing debts. Once you do that, the loan amount you are eligible for will get reflected. Example, if your monthly income is Rs. 56,000 and you have no other ongoing debts, you can avail of a personal loan of Rs. 1,000,000.
Other factors that impact your personal loan eligibility are credit score, occupation type, employer’s history to name a few. You can also check the full list of eligibility requirements before applying for a personal loan from Kotak Bank.
At Kotak Mahindra Bank we ask the borrowers to provide minimal documentation such as income proof, id proof, address proof and so on.
Usually salary slips are required in case of salaried employees as proof of income. But if you are a non-salaried employee or self-employed, then you may not have salary slips to prove your earnings. In the absence of salary slips, you can provide other proof of income such as bank statements. Even taxation details can be provided as your income proof.
Getting a personal loan from Kotak Mahindra Bank is an easy and quick process. You can apply online through the website. Then submit all the required documents. Upon loan approval, the loan amount will be transferred to your bank account. Before applying you can check your personal loan eligibility.