Kotak Mahindra Bank Patna

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About Kotak Mahindra Bank

Kotak Mahindra Finance Ltd was established in 1985. The same got converted into a bank named Kotak Mahindra Bank Ltd in March 2003. The bank is committed to provide safe and secure banking services. It ensures that the needs of the customer get answered through the wide range of products it offers. All its products are made to cater the variant requirements of the people. The bank has a presence in Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance. The bank positions itself as ‘the bank of the future’. The management ensures that they serve the customers. It helps the rural population and micro businesses to develop by providing right financial guidance. The bank is successfully delivering its services and has gained the trust of the customers. It is one of the top private banks in the country that has achieved a great position in such short span of time. In a study by Brand Finance Banking 500, published in February 2014 by the Banker magazine, KMBL was ranked 245th among the world’s top 500 banks with a brand valuation of around half a billion dollars ($481 million) and brand rating of AA+.

Address of Kotak Mahindra Bank Branches in Patna

The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Patna are mentioned in the table below:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Boring Road6B,Sri Krishna Puri, Boring Road, Patna - 800001, BiharKKBK000565180048500391 7632986014
Gandhi MaidanShop No 3, 4, 5, Ahmad Husain Complex, Exhibition Road, P.S.- Gandhi Maidan, Patna - 800001, BiharKKBK0000351800485002(0612) 6451069
Patna - AshiyanaKotak Mahindra Bank Ltd, Ravi Urmilla Complex Near Pass port office, Ashiyana digha Main Road, Patna, Bihar. Pin Code - 800 014KKBK0005656NON-MICR18602662666
Phulwari SharifGround Floor, Hotel Pritam Inn, Main Road, Pethia Bazar, Mahavir Cancer Hospital Road, Phulwari Sharif, Patna - 801505, BiharKKBK0005655NON-MICR
18602662666
Exhibition RoadNo.1471, Shop No.101, Umang Palace, I Floor, Opposite Petrol Pump, Exhibition Road, Patna - 800001, BiharKKBK0005652NON-MICR
0612-2211385

Products Offered by Kotak Mahindra Bank in Patna

Kotak Mahindra Bank provides a wide array of banking products and services to turn a consumer’s experience into worthy one. To help the residents of Patna overcome their financial and banking problems the bank has launched multiple products and they are as follows:

Kotak Mahindra Bank Products Details

Product NameEligibility CriteriaAmount Interest RateProcessing FeeTenure
Home Loan Individuals, either solely or jointly can apply for the home loan if they fall in the age bracket and earn a considerable income as per bank norm Up to 90% of the property8.65% - 8.75%
Nil Up to 20 years
Car LoanEligible Segments- Partnership Firms and LLPs, Public & Private Ltd. companies, HUFs and Trusts

Criteria for Salaried:
Minimum age of the applicant should be 21 years
Maximum age of the applicant at loan maturity should be 58 years
The applicant must earn minimum income of ₹ 15,000 per month
Must have minimum employment of 12 months

Criteria for Self- Employed;
Minimum age of the applicant should be 21 years
Maximum age of the applicant at loan maturity should be 65 years
Minimum employment in the current line of business should be at least 1 year
Minimum - ₹ 75,000
Maximum - Up to 90% of the car value
As per company’s normsAs per company’s norms
Maximum - 7 years
Loan Against Property- All individuals either solely or jointly can apply for loan against property
- Minimum annual income should be Rs. 1.44 lakh as per the P&L.
- Minimum 21 years of age.
- Maximum 65 years of age at the time of loan maturity.
- Firm/company should have been in operation for the last 3 years.
- Firm/company should be making cash profits for the last two years.
₹10 lakhs to ₹3 crores10% p.a. up to 1% of the loan amountMaximum Up to 12 years
Business LoanThe borrower should be in the line of business for 3 years and the business should be profitable for last 2 years.

The eligible segments are:
- Self employed businessmen with an annual turnover of ₹ 2 crores
- Manufacturers with an annual turnover of ₹ 1 crore
- Service Providers with an annual turnover of ₹ 50 lacs
₹ 3 lacs to ₹ 75 lacs16% p.a. - 19.99% p.a.Up to 2% of the loan amount15 years
Gold Loan- The applicant should be a resident Individual or Proprietor
-The age of the applicant should be 18 years and above
Minimum - ₹ 25,000
Maximum - ₹ 25 lacs
10.5% p.a. to 17% p.a.2% of the loan amountUp to 3 years
Education Loan- The student should be an Indian National
- The student shall have secured the admission in India or abroad through an entrance test or through merit based selection process
- The minimum age of the joint applicant should be 21 years but not more than 70 years
For studies in India - maximum ₹10 lacs

Studies abroad - maximum ₹ 20 lacs
11.5% p.a. - 24% p.a.Up to 2% of the loan amount + service tax
Fixed DepositAn individual either solely or jointly
A minor jointly with a major
HUF
Private Traders
Professionals
Partnerships Firms
Companies
Clubs
Societies & Corporates
-3.50% - 7.93%
-7 days to 10 year

Documents Required

The list of documents required to avail the benefit of the financial products are given below:

Product NameDocuments
Home Loan Proof of identity (photocopies of Voters ID card/ Passport/ Driving
licence/ IT PAN card)
Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/
Property tax receipt/ Passport/ Voters ID card)
Proof of Income - Original Salary Certificate from employer, TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt., Acknowledged copies of three years I.T. returns/ Assessment Orders, Photocopies of challans evidencing payment of Advance Income Tax
Proof of business address for non-salaried individuals
Statement of Bank Account/ Pass Book for last six months
Signature identification from present bankers
Personal Assets and Liabilities statement
Car LoanDuly filled Application form
Photograph
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence( Laminated, Recent, Legible)
Income Proof: Latest salary slip with Form 16./ Income Tax Returns of 2 previous financial years
Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
Signature Verification from your Banker / Voters ID / IT PAN card / IT Return / Driving License / Passport
Salary Bank Statement/ Business Bank Statement
P&L A / C and B / S for the last 2 years certified by CA by Non-Salaried
Loan Against PropertyApplication form
Financial Statements/ Bank Statement
Address Proof: Ration card/Driving licence/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card
Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority
Business LoanProof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company)

Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director
(if a company)

I.T.R., 2 Years, Balance Sheet and Profit & Loss Account
Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations
Latest 6 months Bank statement of Business
Gold LoanFor Kotak customers: Latest address proof (only if the address of the customer has changed)
For non-Kotak customers: Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs
Education Loan Application Form
2 photographs
Proof of Identity - Passport/ PAN Card/ Voters ID card/ Driving License etc.
Residence Proof - Passport/ Driving License/ Voter ID/ Ration Card/ Telephone Bill
Signature verification from bank
Income Details of Co- Applicant and Guarantor - Latest payslip or Form 16 or 2 years ITR
Proof of Ownership
Proof of Relationship
Confirmed admission letter
Letter from college
Academic Pass out Mark sheet/Certificate
Fixed DepositProof of Identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card
Proof of Residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement

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