1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
If you are waiting for the perfect opportunity to take your business to the next level, Kotak Bank Business Loans could help you in financing your business needs and make your dream a reality. Take your business to new heights with Kotak Bank Business Loans, which comes with a host of benefits. Let us now look into Kotak Bank business loans in detail.
Interest rate: 16.00%-19.99%
Processing fee: Up to 2% of the loan amount
Documentation Charges:
For loan amount < 10 Lakhs - Rs.3500/-
For loan amount > 10 Lakhs - Rs.6000/-
Check bounce charges: Rs. 750/- per instance
Charges for any document copy: Rs. 500/- per instance
Account swap charges: Rs. 500/- per instance
Charges for duplicate NOC: Rs. 500/- per instance
Loans amounts from Rs.3 lakhs up to Rs.75lakhs are offered
No collateral required
Quick approvals and sanction, within 72 hours
Flexible repayment tenure, of 48 months
Credit card receivables with loan amounts up to Rs. 3 crores
A business vintage of 3 years
Minimum turnover of Rs.40 Lakhs
The business must have generated profit for a minimum of 1 year.
The applicant must have sole proprietorship/partnership on a firm/trust/pvt ltd company/LLP involved in the business of manufacturing, trading or services.
The applicant must be between 25-65 years of age.
Apply for Kotak Business Loan Online
Visit the Kotak Bank Business Loan online application page.
Fill in your personal and business details.
Accept the terms and conditions and click on ‘Apply now.’
You will receive a call from a Kotak Bank customer care executive, who will then guide you through the process.
Apply for Kotak Business Loan Offline
Visit the nearest Kotak Bank.
Request for the Business Loan application form.
Fill in the form with the required details.
Submit the form along with the required documents.
After verification, your loan request will be processed and approved/rejected.
Here is the list of the documents required to apply for Kotak Bank Business Loans:
PAN Card of the Individual/Company/Firm
For identity proof:
PAN Card
Aadhaar Card
Voter's ID Card
Passport
Driving License
For address proof:
Voter's ID Card
Aadhaar Card
Driving License
Passport
Bank statement for the last six months.
Latest ITR along with balance sheet, computation of income, and profit & loss account for the last two years, which has been CA certified/audited.
Form 60 for the Applicant/Co-applicant/Guarantor.
Proof of continuation (ITR/Establishment/Trade license/Sales Tax Certificate)
Other documents.
Sole Proprietorship Declaration or certified copy of partnership deed.
Board resolution (Original)
A certified true copy of Memorandum and Articles of Association (certified by the Director).
It is very important to know whether you are eligible for a loan, as well as the EMI commitment you would need to make if you were to take the loan. You can calculate your loan EMI using the Kotak Business Loan EMI Calculator by simply entering the loan amount, desired interest rate, and tenure.
Bank |
Interest rate |
Processing fee |
SBI |
11.20% - 16.30% |
2% to 3% |
Axis Bank |
15.50% - 24% |
Up to 2% |
HDFC |
15.65% - 21.20% |
Up to 2.5% |
ICICI |
12.90% - 16.65% |
Up to 2% |
Citibank |
16% - 18.99% |
Up to 2% |
Yes Bank |
16.25% - 19.99% |
Up to 2% |
PNB |
12.65% - 16.65% |
Up to 1.8% |
IDBI |
13% |
1% |
Kotak Bank |
16% - 19.99% |
Up to 2% |
IndusInd |
14% |
Up to 2.5% |
Andhra Bank |
9.15% - 16% |
1% to 3% |
RBL |
20% onwards |
Up to 3% |
Canara Bank |
10.50% - 18% |
Up to 1% |
Bank of Baroda |
14.10% |
Up to 1% |
How soon will my business loan request be processed?
Your business loan request is processed within 72 hours.
How can I calculate my Business Loan EMIs?
You can calculate your EMI using the Kotak business loan EMI calculator. Enter the loan amount, desired interest rate, and tenure.
What is the loan amount offered by Kotak?
Kotak Bank offers Business Loans of amounts from Rs. 3 lakhs to Rs. 75 Lakhs.
Do I get any benefit if I have a Kotak Bank current/savings account?
Yes. Kotak offers preferential interest rates, doorstep service, and faster processing.
What must be the minimum turnover to apply for a Kotak Bank business loan?
To apply for a Kotak business loan, the minimum turnover must be Rs.40 lakhs.