When you apply for a Kotak Mahindra Bank Business Loan there are a few steps that you need to take. They are given below:

1. Submit the online Business Loan application form.
2. There are a few important documents like KYC, Financial, and Property that you will to submit 
3. Kotak Mahindra will initiate the processing of the business loan which includes legal and technical verification
4. A sanction a letter will be provided, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
5. A request will be raised by Kotak Mahindra Bank for business loan disbursement, after which they will issue a cheque

Kotak Mahindra Bank provides you with attractive minimum interest rates and flexible repayment options. Also, they provide you with the opportunity to secure a business loan quickly via a 100% hassle free ‘Digital’ business loan processing.

After filling a business loan form online and submitting all the required documents, it will take the bank about a minimum 5 -7 Working Days to sanction your business loan.

For securing a Kotak Mahindra Bank Business Loan you need a minimum CIBIL score of 700 or above.

The minimum business loan sanctioned by Kotak Mahindra Bank is Rs 3 lakh, while the maximum business loan is Rs 75 Lakh.

A co-applicant is usually not needed while applying for a Kotak Mahindra Bank Business Loan . Moreover, when you have one it significantly adds to your ‘Creditworthiness’’, which significantly improves your chances of securing a business loan easily from your lender.

In case of Business loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

When you possess ITR documents for three financial years, it means that it increases your chances of obtaining a Kotak Mahindra Bank Business Loan. It is however very possible for you to get a business loan despite not having three-year ITR returns.
This is only possible if you are seeking a small loan and you have a good CIBIL score to prove to your lender your ‘Creditworthiness’.

When you apply for a Kotak Mahindra business loan, submit all the necessary documents, and receive a sanction letter, it should take Kotak Mahindra Bank anywhere between 2 – 3 Working days to disburse the business loan.

A few additional facts about Kotak Mahindra Business Loan that you need to know given below:  They are as follows: 

1. Types of Kotak Mahindra Bank Business Loan:

    There are several types of Kotak Mahindra Bank Business Loan. They are given below. 

   1. Kotak Mahindra Bank Business Loan:

        Typically, this business loan scheme is designed by Kotak Mahindra Bank to help fulfill business requirements of the applicant. 

   2. Kotak Mahindra Bank Loan Against Property:

      To help individuals fulfill their personal and business requirements Kotak Mahindra Bank provides an opportunity to take a loan against commercial, residential, and commercial property. 

   3. Kotak Mahindra Bank Commercial Vehicle Loan:

      It is to ensure that a business can find finance for vehicles needed for business purposes that Kotak Mahindra provides for this loan scheme. 

   4. Kotak Mahindra Bank Construction Equipment Loans:

      For the purpose of purchasing a variety of products such as concrete equipment, and material handling equipment for business purposes, Kotak Mahindra Bank provides this business loan program. 

   5. Kotak Mahindra Agri Project Loan:

      This is a business loan scheme that Kotak Mahindra offers to small and medium enterprises, exporters, farmers etc. Besides, this program helps in providing finance to allied agricultural activities.