Kotak Mahindra Bank invites you to realise your dreams with their unique hassle-free personal loans. Know the eligibility of personal loans here. Several factors influence Kotak Mahindra Bank personal loan eligibility. Understanding these factors can help individuals assess their qualification and take steps to improve their eligibility. Here are key factors that affect Kotak Mahindra Bank personal loan eligibility: Kotak Mahindra Bank considers the credit score of an individual as a significant factor. A higher credit score, typically above 750, enhances the chances of loan approval. The minimum and maximum age criteria set by the bank play a crucial role. Usually, applicants should be at least 21 years old and not exceed 60 years, depending on the bank’s policy. The stability of employment is vital. Salaried individuals are typically required to have minimum employment tenure of 1 year in the current company in order to be considered eligible. Kotak Mahindra Bank sets a minimum monthly income requirement for both salaried and self-employed applicants. A higher income increases the eligibility for a larger loan amount. Having an existing relationship, such as holding a savings account or fixed deposit, may positively influence loan eligibility. The bank may offer preferential terms to existing customers. The desired loan amount and tenure influence eligibility.