Kotak Mahindra Bank

Kotak Mahindra Bank Business Loan

Years

Apply Kotak Mahindra Bank Business Loan @ 16%
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Interest Rate

16%-%

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Processing fee

Upto 3%

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Loan Tenure upto

3 years

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EMI per Lakh

3,516

Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank Ltd is the first non-banking financial company (NBFC) in India to gain the status of a bank. In February 2003, the Kotak Group's flagship company, Kotak Mahindra Finance Ltd received the banking licence from the Reserve Bank of India (RBI) authorising it to conduct banking operations in India. That was the entry of Kotak Mahindra Bank, also known as Kotak Bank into the Indian banking sector.

Kotak Bank expanded its business by taking over ING Vysya Bank Ltd in April 2015. Kotak Bank caters to a vast clientele of retail and corporate customers throughout India through its four strategic business units comprising of Corporate Banking, Consumer Banking, Commercial Banking and Treasury activities. Kotak Bank's symbol signifies infinity, thereby symbolising that they provide infinite solutions to their customers to meet their requirements.

Kotak Bank offers various loans to different categories ranging from retail to corporate. These loans range from home loans to car loans and education loans to Business Loans.

Why Choose Kotak Mahindra Bank Business Loan?

Kotak Bank has loans to suit all your needs. Kotak Bank Business Loans are available for meeting working capital requirements, procuring fixed assets for the running of the business, expansion of the company, and various other requirements. The advantage of availing Kotak Mahindra Bank Business Loan is the competitive rate of interest and convenient repayment options. The bank offers unsecured loans as well as collateral-based loans depending on your needs. Transparency is a crucial feature of Kotak Bank Business Loans.

Kotak Mahindra Bank Business Loan - Features and Benefits

  • Loans available for all business activities
  • Working capital finance available to meet the daily requirements of your business.
  • Term loans for procurement of fixed assets or expansion of business
  • Loan against property available for business purposes
  • Loans available from 3 Lakhs up to 2 Crores
  • Hassle-free processing and quick approval
  • Flexible repayment options
  • Easy EMIs depending on your business turnover
  • Doorstep service available
  • Reasonable charges and competitive rates of interest
  • Easy eligibility norms
  • Minimum documentation formalities
  • Facility to apply for a Business Loan online
  • Calculate your EMI online
  • Transparency in services

Kotak Mahindra Bank Business Loan Interest rates

The MCLof Kotak Bank as on 01 June 2019 are as follows:

Tenor Rate

Overnight

8.30%

One Month

8.30%

Three Months

8.60%

Six Months

8.80%

One Year

8.90%

Two Years

8.90%

Three Years

8.90%

Following are the applicable interest rates n different Business Loan products based on MCLR:

Loan Product Category of Borrower Applicable rate of interest

Loan against property for business purposes

Salaried Individual

Self-Employed Person

9.60% to 10.35%

9.60% to 10.35%

Working Capital Finance (Up to 7.50 Crores)

Micro and Small Enterprises

Non-micro and small enterprises

9.20% to 14%

10% to 15%

Business Loans

All categories

16% to 19.99%

Commercial Vehicle Finance

All types

Prevailing MCLR to 24%

Types of Kotak Mahindra Bank Business Loans with Eligibility Criteria

Kotak Mahindra Bank offers various types of Business Loan products as mentioned below:

Agriculture and Farming

Agro Processing and Trading

Transport

Retail

Service

Manufacturing

Construction and Infrastructure

Business Loan

Agri Project Loan

Dealer Finance

Finance against credit card receivables

Channel Finance

Construction Equipment and Infrastructure Finance

 

Agri SME Business

Transportation, Logistics, Warehouse

Loan against property

 

Commercial Vehicle Loan

Apart from Business Loans to individuals and non-corporate entities, Kotak Mahindra Bank caters to the requirement of the corporate sector by providing the following credit facilities:

  • Long Term Finance
  • Working Capital Finance
  • Structured Finance
  • Debt Syndication
  • Acquisition Finance
  • Trade and Supply Chain Finance
  • Services for Exporters and Importers
  • Forex Services

Business Loan

Purpose

To meet all kinds of business requirements

Facility

Overdraft or Term Loan

Features

  • Loans available from 3 Lakhs to 2 Crores
  • Quick approval process without any hassles
  • Minimum documentation
  • Flexible repayment options depending on turnover and income
  • Easy EMIs
  • Doorstep Service

Eligibility Criteria

  • Self-employed business people having an annual turnover of 2 Crores
  • Manufacturers with a yearly turnover of 1 Crore
  • Service providers showing an annual turnover of 50 Lakhs
  • Three years of continuity in the business
  • Cash Profit for the last two years

Agri Project Loan

Purpose

  • Finance for agricultural projects like horticulture, vermiculture, and floriculture, and other land-based projects like mushroom cultivation, medicinal plants, tissue culture, and sericulture.
  • Funding for farm mechanisation, crop loans, minor irrigation, land development and other land-related activities.
  • Allied agricultural projects like poultry, dairy, piggery, bee-keeping, mushroom units, and fishery.
  • Construction of cold storages and rural godowns

Facility

  • Term Loans
  • Dealer Finance
  • Supplier Finance
  • Business Loans to promoters

Features

  • Availability of dedicated relationship manager
  • Project finance
  • Wide geographic network
  • Project assessment capability

Eligibility Criteria

  • SME units engaged in agricultural occupation
  • Farmers, food processors, and aggregators
  • Traders and Exporters

Agri SME Business

Purpose

SME units indulging in agricultural activity

Facility

  • Working Capital Finance to SME units indulging in agricultural activity
  • Funding warehouse receipts

Features

  • Dedicated relationship manager available
  • Funding depending on the project
  • Available over a wide geographical area
  • Project assessment capability

Eligibility Criteria

  • SME units engaged in agricultural occupation
  • Farmers, food processors, and aggregators
  • Traders and Exporters

Dealer Finance

Purpose

Meet financial requirements of two/three wheeler, commercial, and construction vehicle dealers.

Facility

  • Term Loans for setting up a new dealership or expansion of the existing network
  • Renovation of dealership premises
  • Working Capital Term loan for funding supplemental working capital requirements.
  • Amortising Term Loan for purchase of property for business expansion and setting up new dealerships.
  • Equipment term loan for the purchase of equipment for the service centre
  • Working Capital limits for inventory funding, vehicle funding
  • Cash Credit facility for funding debtors and spares
  • Non-fund based facilities like LC/BG either as a sub-limit or a stand-alone facility

Features

  • Personalised service available
  • Tailor-made schemes for individual dealers
  • Working capital financing options
  • Quick processing

Eligibility Criteria

Business units engaged in dealership of commercial vehicles, construction equipment vehicles, and two/three wheelers.

Transportation, Logistics, and Warehouse

Purpose

  • Set up workshop, purchase existing workshop and warehouse, purchase office for transporters/shipping companies/CNF business/ICDs.
  • Term loan for rental discounting for warehouse
  • Working capital term loan

Facility

  • Term Loans
  • Working Capital finance
  • Balance Takeover of term loan
  • Non-fund based limits for LC/BG

Features

  • Availability of personalised service
  • Tailor-made schemes for each borrower
  • Hassle-free processing
  • Working Capital facility to fleet owners
  • Working Capital facility to dealers
  • Project Finance facility available to warehouse construction and logistics company.

Eligibility Criteria

  • Individuals, partnership firms, and companies engaged in the transportation and logistics business.
  • First-time owners can also avail funding

Commercial Vehicle Finance

Purpose

  • Purchase of new and used vehicles
  • Top up on existing loans

Facility

  • Term Loan
  • Working Capital finance

Features

  • Extensive geographical presence at more than 900 locations across the country
  • Easy documentation procedure
  • Quick turnaround times
  • Flexible repayment tenure depending on turnover
  • Repayment tenure ranging between 12 and 60 months
  • Customisable financing solutions
  • Transparency in operations
  • Extensive range of products available

Eligibility Criteria

  • Individual, partnership firms, or companies having a minimum of two years of business experience
  • Educational institutions, transporters, and captive customers
  • Should be local resident for the last two years
  • Minimum experience in the field should be 12 months
  • First-time owners are also eligible for funding at the bank?s discretion

Finance Against Credit Card Receivables

Purpose

Business Loan or Overdraft against credit card receivables

Facility

  • Business Loan
  • Overdraft
  • Maximum loan 3 Crores

Features

  • Loans available up to 3 Crores
  • Self-employed gets higher eligibility in comparison
  • Combination of TL/OD allowed
  • Low Processing fees
  • Comfortable repayment options
  • No stipulation of collateral
  • Attractive interest rates
  • Speedy disbursement

Eligibility Criteria

  • Proprietorship concern, partnership firm, or company
  • Sales through credit cards should be more than 60 Lakhs
  • Profit making company for the past two years
  • The business should be in existence for more than three years
  • Applicant should own the premises from where he/she conducts the business.

Channel Finance

Purpose

Meet working capital requirements of channel partners or vendors of corporate entities dealing in various products like FMCG, Pharma, healthcare, textiles, and many more.

Facility

Working capital finance

Features

  • Easy funding options
  • Increases purchasing power and provides liquidity
  • Enhances cash flow and working capital
  • Tenure to coincide with the trade agreement period with the corporate
  • Customised reporting capabilities
  • Online submission of invoices
  • Collateral necessary

Eligibility Criteria

·         Channel partners of corporate entities who enter into a trade agreement with the corporate entity.

Loan Against Property for Business

Purpose

Loan against property for meeting business requirements such as working capital and expansion of business or purchase of fixed assets.

Facility

·         Term Loan

·         Overdraft

Features

·         Flexible eligibility criteria

·         Loans available for 10 Lakhs to 5 Crores

·         Loans available against residential, commercial, or industrial property

·         Convenient loan tenures

Eligibility Criteria

·         The minimum age is 21 years, and the maximum is 65 years at the time of loan maturity.

·         Minimum income as per the P/L should be 1.44 Lakhs per annum

·         The business should be in existence for three years and making profits for the last two years.

Construction Equipment and Infrastructure Finance

Purpose

Purchase of construction equipment like earth moving equipment, road-building equipment, material-handling and concrete equipment.

Facility

·         Term Loans for new and used equipment

·         Refinance and Top up facilities available

·         Working Capital

·         Non-fund-based facilities

Features

·         Convenient documentation

·         Quick turnaround

·         First-time users can also avail loan

·         Flexible repayment tenures

·         Maximum financing up to 100%

·         Repayment tenures between 12 and 48 months

Eligibility Criteria

·         Business unit with minimum one years of business stability

·         Contractors, plant hirers, and captive customers

·         Should be a local resident for a minimum of two years

·         Two trade references required

·         Guarantor or co-borrower necessary

Corporate Loans

Long Term Loans

Rupee Term Loan

·         Repayment tenures depending on the company?s cash flows

·         Flexible pricing of loans ? Fixed, floating, or external benchmarks

·         Structure of credit depends on the security available

·         Underwriting and syndication facility available

Off-Shore Foreign Currency Loans

·         Facility to choose options based on your requirements from currencies to tenors.

·         Manage international banking activities while being based out of India.

·         The benefit of the same relationship management team

·         Get holistic advice from time to time

External Commercial Borrowings

·         Get the benefit of comprehensive information on matters involving hedging, tenor, currencies, and other queries.

·         Underwrite and syndicate the company?s requirements to the debt capital market.

Working Capital Finance

Cash Credit and Overdraft

·         Availability of dedicated relationship manager

·         Customisation according to your business requirements

·         Flexibility in margin requirements

·         Uninterrupted facility

·         Quick processing with the benefit of competitive rates

·         Incremental working capital requirements available during the growth period.

·         Export and import solutions

Demand/Short Term Loans

·         Helps manage cashflow mismatches due to unexpected changes in the working capital cycle.

·         Supports the corporate in the growth period by providing incremental capital.

·         Flexibility in repayment schedules depending on cashflows

·         Foreign currency options available for overseas operations

Working Capital Term Loan

·         Strengthen financial ratios

·         Help rectify the asset-liability mismatch

·         Manage temporary problems with business cashflows

·         Flexible repayment schedules

·         Get the benefit of long tenures for more than five years and up to 7 years.

Supply Chain Financing

·         Bill discounting and Invoice financing

·         Purchase order financing

·         Negotiating of bills under inland LC

·         Domestic factoring

Structured Finance: Kotak Mahindra Bank offers structured financing to enable corporate access to low-cost funds from the market. Corporate entities can get the benefits of the following products under this financing option:

  • Commercial papers
  • Non-convertible debentures
  • Quasi Equity Instruments
  • Lease Rental discounting
  • Promoter Financing

Apart from structured financing, Kotak Bank offers high-end financing solutions like Debt syndication, Acquisition Finance, and Trade and Supply Chain Finance.

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