The Kotak Mahindra Bank is a leading Financial Services conglomerate having its headquarters in Mumbai, Maharashtra. Uday Kotak founded the Kotak Mahindra Finance Ltd. (KMFL) in 1985 and in 2003 it received a banking license to operate as a private sector bank from Reserve Bank of India. The Kotak Mahindra Bank is the 4th largest private bank in India and is a widely preferred loan provider, having a network of over 1,369 branches across 689 locations. It also has over 2,163 ATMs in the country. The bank offers a plethora of financial and banking services for corporate and retail customers via various delivery channels and a wide range of specialized subsidiaries in the areas of life insurance, investments, personal finance and wealth management.

Kotak Mahindra Bank Personal Loan

A Kotak personal loan is meant to fulfill all your unplanned and emergency financial needs to perfection. Personal loans are immensely popular these days as they are processed and disbursed quickly. Moreover, they do not require any collateral. The loan amount may be utilized for any purpose you like and you can also have quick access to the funds you desire to finance your sudden expenses with absolute ease. Kotak Mahindra Bank personal loan provides easy and hassle-free personal loans to individuals at highly competitive Kotak Mahindra Bank interest rates along with other benefits such as flexible payment options so that they can fulfill their distinct requirements. You can also check your Kotak loan eligibility with its accurate Kotak personal loan calculator.

What is is India's leading online financial marketplace when it comes to loans and investments. Here, you can avail a Kotak personal Loan along with all the recent offers. Our main aim is to make the entire process of receiving a loan or making investment more convenient, safer, and completely hassle-free for individuals. We work with almost all public and private sector banks, mutual fund houses and NBFCs across the country and offer unbiased quotations on all financial products. We thrive in making financial products easily accessible and reasonable to everyone.

You can contact our team to get more information or apply for a loan or investment by calling on 0120-4110376 or by emailing at provides solutions which are quick, reliable, transparent, confidential and above all free.

Feature & Benefits of Kotak Mahindra Bank Personal Loan

Kotak Mahindra Bank personal loan offers attractive features and benefits from easy loan approval to lower interest rates along with flexible loan tenure and multiple payment modes. Here are some of the salient features of a personal loan from Kotak Mahindra personal loan.

Affordable rate of interest Kotak offers competitive Kotak Mahindra Bank interest rates starting from 10.99%-20.99% per annum.
Instant personal loan Kotak Mahindra bank loan offers instant personal loans in the range of Rs 50,000 to 15, 00,000.
Flexible Repayment Options You can choose any tenure from 12 to 60 months to repay your Kotak Mahindra Bank personal loan
Multipurpose Personal Loan The Kotak personal loan can be used for any genuine personal credit need including educational expenses, wedding expenses, travel costs and to meet the expenses of emergency medical funds.
Fast customer service and minimal paperwork Quick checking of your eligibility within just a minute and quick online approval is offered through Kotak Loan. The documentation process is entirely hassle-free and the paperwork is almost nill.
Easy online platform The Kotak Mahindra Bank personal loan online platform is an easy and completely transparent one. Kotak Mahindra Bank loan is made possible through effective online procedures such as eSign and eKYC.
No Part payment is allowed.

Eligibility & documents required

Kotak personal loan Eligibility Criteria:

Eligibility for a Kotak Mahindra Bank personal loan is decided on the basis of certain parameters. A loan seeker must satisfy the below-mentioned eligibility criteria to avail a Kotak Mahindra personal loan:

  • Any Indian who is a salaried employee in the public sector, private sector or an MNC with a minimum educational qualification of a graduate is eligible for a Kotak personal loan. He should have an overall work experience of at least 1 year and need to be a resident in his present city for at least 1 year.
  • Age Limit: The age of the Kotak loan applicant should be between 21 to 58 years.
  • Quantum of the Loan: Individuals can avail a Kotak Mahindra Bank loan amount up to Rs 25 lakhs
  • Income: Individuals should have a minimum monthly income of Rs.25,000/- to avail a Kotak Loan.
  • Eligibility and EMI calculator: Now, you can easily calculate your Kotak Mahindra personal loan eligibility and Kotak personal loan EMI amount using utility tools like personal loan eligibility calculator and personal loan EMI calculator at These calculators will help you to determine your EMI outflow every month including the Kotak Mahindra Bank Interest Rates you will need to pay. Using the calculator at is free, easy and simple.
  • CIBIL score: Credit score is an important factor for approval of any loan Usually, an applicant's creditworthiness is determined by evaluating his credit score i.e. CIBIL / EXPERIAN score. Applications of Kotak Mahindra Bank personal loan applicants having poor credit score may get rejected. It’s always imperative to keep on updating your credit score periodically. If you have a bad credit score and somehow your loan application gets approved, you might be asked to pay a high rate of interest on your Kotak loan as compared to someone with an excellent credit score.

Kotak personal loan Documents required:

Individuals applying for a Kotak Mahindra Bank personal loan should submit the following documents-

  1. Photo Id ( anyone from Passport, Aadhar, PAN, Driving License, Voter’s ID), age proof and address proof(Passport, leave & license agreement and utility bill)
  2. Signed loan application form with 2-3 passport-sized photographs
  3. Last 3 months’ bank statement
  4. Salary slip for the last 3 months

Apply for your Kotak personal loan online at You can check your EMI and eligibility for Kotak Mahindra Personal loan using our utility tools like the personal loan EMI calculator and personal loan eligibility calculator. You can avail our best services just at the click of a button from the comfort of wherever you are. Once you complete and submit your Kotak Loan loan application through, you can effortlessly track your loan application status on our website on a real-time basis, as and when you wish.

Interest Rate & Charges

Documentation charges


Overdue interest

3% (compounded monthly on the amount due)

Processing fee

Up to 2.5% of the personal loan amount + GST

Credit appraisal fee

Up to 5% of the loan amount ( max Rs 7500)+ GST

Cheque bounce charges

Rs.500 per instance+ GST

Cheque dishonour charges

Rs.750 per instance+ GST

Foreclosure charges

Up to 5%+GST ( allowed only after 12 EMIs)

No due certificate

Rs.500 + GST

Prepayment charges

Up to 5%+GST ( allowed only after 12 EMIs)

Special Note: All rates, charges and fees are subject to periodic changes.  Personal loan interest rates and other fees/charges in Kotak personal loan are subject to periodic reviews and can vary among individual customers- depending upon factors such as credit score, existing loans, amount of savings, company currently employed etc.

Why Afinoz?

Why should you apply for a Kotak Mahindra Bank personal loan through is one of India's premier personalized financial marketplace. It has created an efficient online platform which allows you to choose the best personal loans from multiple options available. All the options are system generated, shortlisted by taking into consideration your specific needs and requirements.

Real-time application tracking – You can keep track of your Kotak Mahindra Bank loan application status in real-time with a unique transaction id which is issued to you when you submit your application. All the applicants are kept informed about their application process at each step via regular SMS and emails.

Instant Approval – Once you fill in some basic details and submit your Kotak loan application form along with valid documents, your e-approval will be accorded within a couple of days.

Online eligibility check – You can accomplish all your dealings with the lender online. You just need to provide a few basic information and our online personal loan eligibility calculator will inform you about the loan amount you are eligible to borrow from Kotak Personal loan for your personal financing.

‘Round-the-clock’ Customer Service - At any stage of your application process, if you happen to have any query or wish for any financial advice, our experienced customer service professionals will offer the best financing/investment solutions in order to address your needs. So there is no need for you to make multiple trips to the lender to discuss loan details with them.

Secure Environment - has a built-in security system in place where your personal information is stored in a secure environment with your consent. This information is then communicated to the lenders in an encrypted format and is extremely secure.

Free quotations –  Now you can get attractive online deals on a Kotak Mahindra Bank Personal loan and get free unbiased quotes of the best Kotak Mahindra Bank interest rates. All you have to do is to select the loan amount you want to borrow and the tenure of the Kotak personal loan. You will get a customized online quote within minutes.

No third-party agent – The online loan application process is absolutely free. Through Afinoz one can directly approach multiple providers online without involving any agent and therefore avoiding unnecessary delays and hassles.

Q1 How can I repay my Kotak Personal loan?
You can repay the Kotak Mahindra Personal loan amount in Equated Monthly Installments (EMIs) using the ECS facility or through post-dated cheques each month.
Q2 What are the current Kotak Mahindra Bank interest rates for personal loans?
At present, the interest rate for a Kotak personal loan starts from 10.99%.
Q3 Can an individual apply for a Kotak personal loan online?
Yes, you can do apply for a Kotak Mahindra Bank Personal loan at the official website of Kotak loan. Alternately, you can apply for a Kotak Mahindra Bank loan on by simply entering your personal and financial details and submitting the eligibility documents.
Q4 What is the maximum loan amount I can get from Kotak personal loan?
Kotak Mahindra personal loan offers a loan amount up to Rs 25, 00,000.
Q5 What is the tenure for a  Kotak personal loan?
You can repay your Kotak Mahindra Bank Personal loan within the time period of 1 year to 5 years as per your suitability.
Q6 How safe is my data and information with does not share data with any third-party organization other than the financial institution you are applying to. All data is attached with a high degree of encryption making it absolutely safe and secure at all the time.
Q7 After applying online with, how long will it take to get the loan amount? readily submits your loan application to Kotak Mahindra Bank Personal loan. Then a representative from Afinoz will get in touch with you to collect documents such as salary certificate, identity proof etc. On submitting these documents, the Kotak Personal loan initiates the necessary verification process and checks your CIBIL score. If everything is found satisfactory, Kotak loan disburses the amount and process for the same may take 48 to 72 hours.
Q8 Is the use of the Personal Loan calculator of Afinoz free?
Yes, loan calculator tools are absolutely free as we don’t charge any compensation in lieu of the services we provide.
Q9 Can the EMI amount for my personal loan be known to me in advance?
Yes, provides a unique EMI calculator tool that offers an accurate estimation of EMIs for all Kotak Personal loan by entering the loan amount, tenure and Kotak Mahindra Bank Interest Rates. You can compare the EMI for different loan amounts and tenures with our tool and finalize the best-suited loan product as per your budget.
Q10 Are there any processing charges on Kotak Mahindra Bank Personal Loan?
Kotak Loan charges a processing fee of up to 2.5% of the total loan amount along with the applicable taxes.
Q11 Are there any prepayment charges on Kotak Personal Loan?
Kotak Loan charges a processing fee of up to 5% of the total loan amount along with the applicable taxes. But, prepayments are allowed only after you pay 12 EMIs.
Q12 Is age an eligibility factor to get the personal loan from Kotak Loan?
Yes, age is an important eligibility factor to get your Kotak personal loan approved. The applicant should be on or above 21 years old for the approval of the loan and equal to or below 58 years at the time of loan maturity.
Q13 Why should I take a Kotak Mahindra Personal Loan?
Kotak Mahindra bank loan offers Personal Loans starting from 10.99% which is lesser than many other providers. In case the EMI you are paying with your existing lender is more, then you can opt for a balance transfer option and relocate your personal Loan to Kotak loan at even lower Kotak Mahindra Bank Interest Rates.
Q14 For what purpose can I use the Kotak personal loan?
The Kotak Mahindra Bank personal loan can be availed for any genuine credit need including but not limited to educational expenses, wedding expenses, travel expenses, emergency medical needs, and so on.
Q15 How important is my credit score for getting a Kotak personal loan?
Your credit score is an important criterion for approval of the Kotak Mahindra Bank personal loan. The bank ascertains your creditworthiness by evaluating your CIBIL or EXPERIAN score. We would recommend you to make constant efforts to enhance your credit score and to keep on updating the same. If you have a poor credit score, your Kotak personal loan application may get rejected. Even if it gets approved somehow, you may be offered unfavourable terms in comparison to borrowers with excellent credit scores. For any query about Kotak personal loan application, you can call us at 0120-411-0376 or mail us at
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