general-faq-71

Traditionally, Kotak Bank allows its customers to avail top-up loans on the current loan. For approving these personal loans, the borrower must submit the required documents after which, the bank checks the capacity of repayment and credit history of the applicant. If found eligible as per the bank’s criteria, the personal loan application is approved, and the amount is disbursed in the customer’s account. The decision of granting or refusing the loan depends on the bank.