To make the loan application process faster, we have introduced a complete digital end-to-end journey for customer on-boarding process where biometric login, E-NACH and OTP based application eSign is all that’s required during the application process.
Here is the step-by-step process for availing the loan.
1) Instant in-store EMI
Regular process for loan application:
- Walk-in to the store to purchase the desired product
- Select the product for purchase
- Ask for Kotak Smart EMI schemes and get the necessary information
- Provide documents for your loan application
- Complete the digital loan application journey
- Make the down payment and receive the product delivery
Enjoy superfast approvals Biometric KYC process for loan application:
- Walk-in to the store to purchase the desired product
- Select the product for purchase
- Ask for Kotak Smart EMI schemes and get the necessary information
- Use your thumb for biometric KYC
- Loan approved in seconds
- Make the down payment and receive the product delivery instantly.
Experience a complete digital video KYC process for loan application: (coming soon)
- Walk-in to the nearest partner store & select your desired product
- Ask for Kotak Smart EMI and opt for Video KYC
- Store Manager will fill your details in the online portal
- If your loan is approved, you will be connected to our Video KYC agent
- Keep your Aadhaar Card^ & PAN Card ready for verification
- On successfully completing the Video KYC, your loan process is completed
2) Debit Card EMI
- SMS DCEMI<space><Last 4 digits of Kotak Debit Card Number> to 5676788 to know your pre-approved limit
- Visit the nearest store click here and select the desired product to purchase
- Ask for Kotak Debit Card EMI and swipe your Debit Card at the Point of Sale terminal
- Select the EMI tenure
- Validate the payment using your Debit Card PIN
- Complete the transaction
Not just this, you can also avail No Cost EMI* using Kotak Debit Card on the best-in-class shopping websites like Amazon.in. Watch the video to know more!
3) Smart EMI Card
Kotak Smart EMI Card is accepted across leading merchant outlets and shopping websites.
How to use?
Merchant outlets:
Shop > Contact Cashier > Swipe your Smart EMI Card > Enter Smart EMI Card PIN > Complete the transaction
Shop Online:
Add to cart > Visit payment page > Enter your Smart EMI Card number > Enter the OTP* > Click on ‘Submit’ > Complete the transaction
*6-digit OTP will be sent to your mobile number / email ID registered with the bank
How to repay?
Your primary Kotak Account will be debited from the EMI deductions. In case you don’t have a Kotak Bank Account, the EMI will be deducted from the Account mentioned in e-NACH / NACH form submitted at the time of purchase.
