कोटक महिंद्रा पे-डे लोन
Instant digital salary advance via Kotak Mobile Banking app up to ₹1 Lakh.
💳उत्पाद विवरण एवं मुख्य लाभ (Product Overview & Benefits)
उत्पाद का संक्षिप्त विवरण
Kotak PayDay Loan is a short-term instant digital credit line providing quick salary advances to salaried customers to manage month-end cash crunches, medical expenses, or festival shopping.
प्रमुख लाभ एवं विशेषताएं
• Instant money in your account in under 2 minutes • Short repayment tenures from 1 to 12 months • Zero prepayment penalties for early closure • No physical documentation or branch visit.
📋पात्रता मानदंड एवं नियम (Eligibility & Requirements)
पात्रता की शर्तें एवं आय आवश्यकताएं
Active Kotak Corporate Salary account holders with at least 3 consecutive salary credits. Min Age: 21, Max Age: 58. Min Net Monthly Salary: ₹20,000. Min CIBIL: 700.
प्रीपेमेंट एवं फोरक्लोजर नियम (Prepayment & Foreclosure)
NIL prepayment penalty; can be closed anytime before maturity.
📂आवश्यक दस्तावेज (Required Documents)
• Zero physical documents required.
⚠️क्या कमी है / महत्वपूर्ण चेतावनियां (Honest Disclosures & Hidden Costs)
• Exclusive to Kotak Corporate Salary account holders. • Loan amount capped at ₹1 Lakh or 50% of monthly salary. • Bullet repayment or short-tenure EMIs create high monthly cash outflow.
🚀आवेदन के चरण (How to Apply)
1. Open Kotak Mobile Banking App > PayDay Loan banner. 2. Select advance amount and tenure. 3. Authenticate with MPIN. 4. Disbursed in 2 minutes.
Not applicable — available strictly to existing Kotak salary account holders.
Not applicable — STP digital feature.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
How quickly is PayDay Loan disbursed?
Within 2 minutes directly into your Kotak Corporate Salary account.
Are there prepayment charges?
No, you can prepay or close your PayDay loan anytime without penalty.
Can non-Kotak customers apply?
No, this facility is exclusively for Kotak corporate salary package account holders.