Kotak Mahindra Bank Business Loans

Corporate Business Loans from Kotak Mahindra Bank

Ranked as one of the largest private sector banks in India by market capitalisation, Kotak Mahindra Bank offers a wide array of finance products to different segments of its customer base to meet their needs. The bank offers different business loans to its corporate customers.

We look at four business loans from Kotak Mahindra Bank are:

  1. Unsecured Business Loan
  2. Loan Against Property
  3. Commercial Vehicle Loan
  4. Infrastructure Finance

We give you a brief intro to the business loans below. In addition, you have the option to click further and read in detail about the loans in a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. If information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Kotak Mahindra Bank Unsecured Business Loan

This loan helps businesses get financial assistance to meet their needs for growth and expansion of business without any collateral or third-party guarantee to secure the loan.

Features of Kotak Mahindra Unsecured Business Loan

Why this Loan?

For more details on this loan, please click anywhere on this sentence to get to its specific page.

Kotak Mahindra Bank Loan Against Property

This loan helps business owners raise capital towards expanding their business by availing a loan against property. The maximum loan amount is up to 100% value of the residential property and 80% value of the commercial property.

Features of Kotak Mahindra Bank Loan Against Property

Why this Loan?

For more details on this loan, please click anywhere on this sentence to get to its specific page.

Kotak Mahindra Bank Commercial Vehicle Loan

This loan helps businesses in the transportation sector buy brand new or pre-owned commercial vehicles. The interest rate, repayment period, etc. are decided by the bank on a case-to-case basis.

Features of Kotak Mahindra Bank Commercial Vehicle Loan Scheme

Why this Loan?

  • The Kotak Mahindra Bank Commercial Vehicle Loan is meant for Transport Operators to help them acquire funds for purchasing new commercial vehicles for their business
  • The bank offers a quick turnaround time and simple documentation procedure for this loan

For more details on this loan, please click anywhere on this sentence to get to its specific page.

Kotak Mahindra Bank Infrastructure Finance

This loan helps businesses pay upfront for building infrastructure. These types of loans are characterised by a large outlay of funds and longer periods of repayment.

Features of Kotak Mahindra Bank Infrastructure Finance

Why this Loan?

  • Kotak Mahindra Bank Infrastructure Finance is meant for you if your business needs funds to build infrastructure projects such as highways, bridges, ports, shipping, mining, power, oil and gas exploration, etc.
  • This is a need-based loan and the bank offers assistance in the form of Bill Discounting, Cash Credit, Bank Guarantee, Line of Credit, Inventory Funding, Buyer’s Credit, etc. based on the needs of the borrower

For more details on this loan, please click anywhere on this sentence to get to its specific page.

Important Note: Even though the bank’s website has information available for few business loan schemes at this time, there is a possibility that the bank may offer more corporate loan options which are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, etc. may be decided on a case-to-case basis.

Interest Rate for Kotak Mahindra Bank Business Loans

  • As of September 2020, the bank mentions that the rate of interest falls in the range of 16.00% to 19.99% for all business loans. Please check the Kotak Mahindra Bank website here for more details

Eligibility for Kotak Mahindra Bank Business Loans

  • Individuals, Proprietors, Partnership Firms, Private Limited and Public Limited Companies can apply for these loans

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/ PAN Card Issue Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • For term loans: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For Term Loans Only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For term loans only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Reference Facts:

  • Kotak Mahindra Bank Website: www.kotak.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 266 2666