The personal loan, also called personal credit, is offered by financial institutions and is easily accessible, being one of the options available on the market for those who need money fast.
The person who requests the amount goes through a credit analysis in a data base where the payment behavior is verified, whether he or she has overdue debts, credit history, and the like.
If approved, the loan amount is deposited in the current account. Because of the ease of obtaining a personal loan, this type of credit has one of the highest interest rates on the market.
| Positive Points | Negative Points |
|---|---|
| You don't need to use any of your assets to secure the approval of your loan | Basic and valid forms required for the last 60 days |
| It has one of the longest terms in the finance market for the repayment of your loan | Require a work certificate before applying for a personal line of credit |
People who take out a loan usually need the money to reduce a debt that has a higher interest rate, such as overdraft or credit card debt, or when they need money for an emergency.
Entrepreneurs also use personal loans to start a business or expand their company. In other words, it doesn't have to have a specific purpose!
You can apply for a personal loan at banks, financial institutions, internet banking, ATMs, cooperatives, department stores. You only need to be of legal age, have valid personal documents, and be a resident in the country.
Be very careful when looking for fintechs or online loans. This is because it is common to come across ads, in an internet search, of companies offering credit without collateral and proof of income. Some are fake.
In fact, this is one of the most important criteria, to know about the institution that will provide this service.
Kotak Bank is an institution that has credibility in the financial market, are decades of performance branch, ensuring security and transparency with their applicants.
| Benefits | |
|---|---|
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No bureaucracy
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No bureaucracy when applying for a loan |
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High amounts
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The values released are high |
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Reference
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One of the most requested loans in the market |
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Customer service
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24-hour customer service |
In this article we will show you the reasons that make it your best choice when providing personal credit line.
Extended terms
Kotak Bank offers its applicants a period of 12 to 60 months to cancel their monthly payments, as agreed with the institution.
This and other concessions you can better verify by clicking on the button below.
I Want My LoanNo guarantee
The institution requires no collateral whatsoever to release the amount of your personal loan, meaning that your property or car will not be at risk under the agreed conditions.
Affordable rates
Kotak Bank also offers totally affordable interest rates that fit in the pocket of each applicant, which brings them peace of mind and security in contracting their personal credit line.
These and many other benefits can be guaranteed by clicking on the button below.
I Want My Loan
