At Kotak, we understand how every little step makes a huge difference in reaching your business goals. To help you meet newer milestones of success every day, we offer a wide range of collateral-free customized business loan solutions best suited for your business requirements. Expand your business or finance any other business requirements with loan amounts ranging from Rs. 5 Lakhs to 75 Lakhs*.
| 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 | Overdue if Required | Overdue if Required |
| Documentation | NA | KYC/Financial(2 Years) & Property Documents. | KYC/Financial(2 Years) & Property Documents. |
| Eligibility | NA |
The following people are eligible to apply for a Business Loan:
|
The following people are eligible to apply for a Business Loan:
|
| 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 | Min. 4 Lakh/ p.a |
| 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's ID/ Aadhaar Card
Address Proof - Passport/Driving License/Voter's 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
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | 15% 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 |
Whether you are an established business professional or a budding entrepreneur, you can always turn to Kotak Business Loans in times when your business needs more capital. We offer business loans ranging from Rs. 5 lakhs – Rs.75 Lakhs with flexible repayment methods.
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.
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