Personal loans help salaried and self-employed individuals meet their financial goals in times of an emergency or a cash crunch situation. With so many banks and independent financial institutions offering loans in the Indian financial market, it is tough to choose the right one that will provide you the best personal loan that suits you best.

Kotak Mahindra Bank has been in the service of Indian private sector banking since 2003 and was previously a financial services provider since 1985. With a wide network of branches that spread in all the major metropolitan cities of India, Kotak Mahindra personal loans are available in most metro cities such as Bangalore, Mumbai, Delhi/NCR, Pune, Chennai, Kolkata, Hyderabad, Chandigarh and many more.

Kotak Mahindra offers personal loans from Rs. 50,000 to Rs. 20 lakhs and offers its customers flexible repayment options with a tenure range of one year to five years. It offers one of the best customer service experiences and provides doorstep-banking service with trained representatives that will answer all your inquiries. The loan approval time frame is also lower and provides minimal paperwork with swift loan processing.

Kotak Mahindra personal loans are offered at attractive interest rates of 12.65% to 21% per annum, depending on your eligibility and application. The processing fees for Kotak Mahindra personal loans is set at 2% and anyone between the age of 21 to 58 years can go ahead and apply for the personal loan. The bank does not provide a part payment facility and you can foreclose the loan after one year from the first EMI.

The eligibility criteria for Kotak Mahindra personal loan requires a salaried or a self employed individual to be employed for at least two years with the last year in the current organisation. A minimum of Rs. 25,000 per month is the income required to be eligible for a personal loan at Kotak Mahindra.

Letzbank offers a wide range of loan offerings and insurance products and has tie-ups with all major banks to provide its customers with the best loan deals. You can easily navigate through the Letzbank website and find different loan offerings and also have the ability to compare different loans easily. It is a hassle-free way of searching for the best loan that suits your needs. Also, all loan applications that get submitted directly at Letzbank enjoy the benefit of service charge waiver. So go ahead and find the best loan products all at one website and use Letzbank’s personal loan EMI calculator to determine the best loan option that works for you. You can also find other exciting offers and deals at Letzbank, such as occasional offers on debit/credit cards, wallets, loans and also make use of the Instant Quote service that allows you to get loan quotation from your chosen bank within a matter of minutes