Kotak Launches Emergency COVID-19 Personal Loans
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/b0c4e3707dce14c2d10c6e3b793b3851.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Mumbai, 28 th July, 2021: Kotak Mahindra Bank Limited (KMBL) today announced that it is offering emergency personal loans exclusively for the treatment of COVID-19. The loan covers expenses incurred for medical treatment of COVID-19 for self as well as for family members. Both existing and new customers of KMBL are eligible to apply for a loan.
Under the offer, borrowers can avail loans ranging from Rs 1 lakh to Rs 5 lakh, at a competitive interest rate starting at 10% per annum.
Key Features of Kotak Emergency COVID-19 Personal Loans*:
* Loan Amount: From Rs 1 lakh to Rs 5 lakh
* Loan Tenure: From 1 year to 4 years
* Interest Rate: Beginning at 10% per annum
* Processing Fee: Flat 1% of the loan amount
Further, KMBL has tied up with leading healthcare brands such as Tata 1mg and MediBuddy to provide a range of attractive healthcare offers for KMBL debit and credit cardholders.
Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “The Kotak emergency personal loans for COVID-19 treatment give people easy access to funds when they most urgently require it and in as hassle-free a manner as possible, giving them the security and freedom to concentrate on what matters the most – recovering fully from the virus. Further, we have also put together a holistic healthcare package for our customers, which will help them meet the healthcare needs of their entire family.”
Healthcare Offers for KMBL Debit and Credit cardholders*
* Tata 1mg: KMBL customers get a special 17% discount + 5% cashback (up to Rs 100) on prescribed medicines on the Tata 1mg app or website by using coupon code ‘KOTAK1MG’.
* MediBuddy: For just Rs 49, KMBL customers get a doctor consultation, up to 15% discount and cashback on medicines, flat 15% off on lab tests and health check-ups, flat 10% off on OPD consultation, and much more.
* Kotak General Insurance: A special benefit for Kotak customers in the form of ‘Kotak Group Smart Cash’ health policy at an annual premium of just Rs 2,999/-. Under the policy, policyholders will get the benefit of expense reimbursement of Rs 5,000 per day, for every 24 hours of hospitalisation completed, for a maximum period of 30 days in a year, in addition to other benefits.
* Metropolis Healthcare: Kotak customers can avail the COVIPROTECT Spike antibody blood test at a 30% discount at all Metropolis diagnostics centres in over 90 cities across India.
To Read Complete Report & Disclaimer Click Here
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)