Kotak Mahindra Business Loan

Documents Required for Kotak Mahindra Bank Business Loan

Let’s look into the required Documentation to make your application process even smoother:

KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Sanction letter of all running loan
Debt Sheet
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : Kotak Mahindra Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is

Company-MOA, AOA, COI , PAN Card
Partnership Firm/LLP- Partnership Deed & PAN Card
Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo

For Co-Applicant

KYC means Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of

Company : Directors
Partnership firm/LLP : Partners
Proprietorship Firm : Spouse of Proprietor

2. If applicant is professional, then his professional degree is required

Share & Apply

About Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank offers a business loan to self-employed businesspeople and manufacturers to assist them to develop and grow their businesses. The loan is available in amounts ranging from Rs.3,000,000 to Rs.75,000,000. The interest rate on the loan amount is set at 15% p.a. The fee for processing is 2% of the loan the total amount. The repayment must be made in the form of EMIs. The maximum number of EMIs that an applicant can pay is 36, implying that the loan amount must be repaid within three years.

Work Process

Save Your Time with a Simple Loan Process

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.