Kotak Mahindra Personal loan

Kotak Mahindra Bank provides personal loans of up to Rs. 25 lakh with interest rates starting from 9.98% p.a for...

Kotak Mahindra Bank provides personal loans of up to Rs. 25 lakh with interest rates starting from 9.98% p.a for tenures of up to 5 years. Kotak Mahindra Bank personal loan offers fast loan disbursal, part-prepayment facility and simplified documentation for a seamless personal loan journey. Apply for a Kotak Mahindra personal loan on Paisabazaar for the best personal loan deals.

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Money in your account instantly

Instant Loan Disbursal

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Zero documentation

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15.5L Reviews

5.7cr+Satisfied Customers

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₹65k Cr+Loans Disbursed

Get Cashback of ₹ 1,000^* on Loan Disbursal

Valid till 31^st March '26 *T&C Apply

Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

End-to-end Digital Process

Curated offers from 30+ lenders

Pre-approved Offers

Money in your account instantly

Instant Loan Disbursal

Offers ranked according to eligibility

Zero documentation

Hassle-free & paperless

Calculate Your Personal Loan EMI

Select Your Bank

Enter Loan Amount

₹

50K50L

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

ICICI Bank

100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest11% - 13%

Tenure upto1-5 Years

Processing FeeUpto 2%

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Why Choose Paisabazaar?

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Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Kotak Mahindra Bank Personal Loan

Kotak Mahindra Bank offers personal loans at low interest rates depending on the applicant’s credit profile.
Individuals applying through Paisabazaar can avail special personal loan interest rates starting from 9.98% p.a. onwards.
The lender offers easy documentation with video KYC using Aadhar card.
The loan is designed to manage the planned and unplanned personal expenses of the applicants.
Kotak Mahindra Bank offers pre-approved personal loans with instant loan disbursal and zero documentation.

Kotak Mahindra Bank Personal Loan

Kotak Bank Personal Loan interest rate starts from 9.98% p.a. Lenders usually consider factors such as the applicant’s monthly income, job profile, employer’s profile, and credit score while determining the final personal loan interest rate.

Latest Personal Loan Interest Rates by Various Banks

Bank/NBFC	Interest Rates (% p.a.)
Aditya Birla Finance	10.99 onwards
Axis Bank	9.99 onwards*
Bank of Baroda	10.15-18.05
Bajaj Finance Limited	10.00-30.00
Bank of India	10.85-16.15
Bank of Maharashtra	8.75-13.55
Canara Bank	9.70-15.15
Central Bank of India	9.85-11.55
Cholamandalam IFC	10.00-28.00
Dhani Loans & Services Ltd.	13.99 onwards
Federal Bank	12.00 - 22.50*
HDB Financial Services	10.00 - 35.00
HDFC Bank	9.99 onwards
Hero Fincorp	Up to 30*
HSBC Bank	9.95 onwards
ICICI Bank	9.99 onwards
IDFC FIRST Bank	9.99 onwards
IIFL Finance	12.75 - 44.00
Indian Overseas Bank	10.25 onwards
IndusInd Bank	10.35 onwards*
Kotak Mahindra Bank	9.98 onwards*
L&T Finance	11.00 onwards
Mahindra Finance	8.00 - 25.00
Mannapuram Finance	18.00 - 24.00
Moneyview	14.00 onwards
Muthoot Finance	14.00 - 22.00
Piramal Finance	12.14 onwards
Poonawalla Fincorp	9.99 onwards
Punjab & Sind Bank	9.60-13.85
Punjab National Bank	10.25-16.80
Shriram Finance	11.00 onwards
Tata Capital	10.99 onwards
UCO Bank	9.95 - 13.20
Union Bank of India	8.75 - 12.55

Types of Kotak Mahindra Bank Personal Loans

Types	Purpose	Loan Amount	Tenure
Kotak Bank Personal Loan (Up to Rs. 25 lakh)	For managing expenses related to wedding, marriage, home renovation, etc.	Up to Rs. 25 lakh	Up to 5 years
Kotak Bank Personal Loan Overdraft	For salaried applicants to manage unexpected financial needs	Rs. 1 lakh – Rs. 20 lakh	Up to 5 years
Kotak Bank Pre-approved Personal Loan	For eligible salaried Kotak customers to meet expenses like education, wedding, home repairs, travel, scooter, etc.	Not specified	Up to 4 years
Kotak Bank Personal Loan Balance Transfer	For transferring an existing personal loan from other banks/NBFCs to Kotak at a lower interest rate	Not specified	Not specified

Eligibility for Kotak Mahindra Personal Loan

Stated below are the Kotak Mahindra personal loan eligibility criteria:

For Personal Loan Up to Rs. 25 lakh

Salaried applicants working in an MNC or a public/private limited company
Age Criteria: 21 to 60 years
The minimum monthly income requirement
- For Kotak Bank Salary account holders: Rs. 25,000
- For Non-Kotak Bank Salary Account holders: Rs. 30,000
Minimum Educational Qualification: Graduation/Diploma
Work experience: Minimum 1 year
CIBIL Score: 750 or above preferred

For Personal Loan Overdraft

Age: 21 years to 58 years
Credit score: 750 and above
Minimum take home salary requirements –
- Rs. 50,000 for Kotak salary account holders
- Rs. 1 lakh for Non-Kotak salary account holders from tier 1 cities
- Rs. 75,000 for Non-Kotak salary account holders from non-tier 1 cities

For Pre-Approved Personal Loan

An existing Kotak Mahindra Bank customer with a strong relationship with the bank.
Credit score of 750 and above.
Minimum monthly income required Rs. 25,000.
The applicant has maintained a record of timely payments of existing loans or credit card bills without defaults.

For Personal Loan Balance Transfer

Age: 21 years to 60 years.
Minimum 1 year of working experience at a reputed firm are eligible.
Minimum of Rs. 20,000 monthly income for salaried.
Education: Graduate degree.
The personal loan borrower should be living in the city where he/she want to apply for the loan transfer for minimum 1 year.

Avail Personal Loan for
All Your Needs

Documents Required for Kotak Mahindra Personal Loan

ID proofs like passport, Aadhar card, driving license, voter ID, PAN card
Residential proofs like passport, utility bill, leave and license agreement
Bank statement for past 3 months
2-3 passport size photographs
Salary slip for last 3 months

Know more about Kotak Bank Personal Loan Documents

Kotak Personal Loan Processing Fees and Charges

Charge Type	Applicable Amount
Loan processing fees (Non Refundable)	Up to 5% of the final loan amount plus taxes.
	Will be deducted from the loan amount at the time of disbursal.
Stamp Duty Charges	As per the respective State’s Stamp Act
Penal charges on Overdue EMI	Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum plus applicable taxes (to be charged for actual no. of days) on overdue amount.
EMI dishonour/Bounce charges	Rs. 750 per instance (Inclusive of applicable taxes)
Lock-in period	No lock-in period for Kotak Personal loans post payment of first EMI
Foreclosure charges	Up to 3 years - 4% + taxes on outstanding principal
	After 3 years - 2% + taxes on outstanding principal
Part pre-payment charges	For loans disbursed on or before - 1st February 2020 - Part Pre payment is not allowed
	For loans disbursed after 1st February 2020
	Post completion of 12 months -Part-Prepayment is allowed up to 20% of Principal loan outstanding.
	Allowed once a year.
	Charge per instance of part payment is Rs. 500 plus taxes
Legal charges	At actuals

Why Apply for Personal Loans through Paisabazaar?

Offers from top lenders
Compare & chooseloan offers from top banks, NBFCs and fintechs.
Pre-Approved loans
Complete digital process
Minimal documentation
End-to-end assistance

Do’s and Don’ts for a Personal Loan

While applying for a personal loan, it is recommended that borrowers follow certain best practices and avoid common pitfalls to enhance their loan approval chances and experience a smooth lending process.

Things to consider:

Check your credit score beforehand and act accordingly.
Plan your EMIs in advance using an EMI calculator
Keep your documents ready and up-to-date
Compare offers from different lenders at Paisabazaar

Pitfalls to avoid:

Don’t choose the first offer you get; always compare and choose after careful consideration
Don’t skip reading the fine print. Be thorough with all the terms and conditions
Don’t fall for headline offers on personal loans during the festive season. Be prudent while making a choice.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan for
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FAQs

Your eligibility for a Kotak Mahindra Bank personal loan will depend on factors such as your credit score, existing financial obligations, and employment stability. Check with the bank for your loan amount eligibility.

Once a personal loan is approved and disbursed, increasing the loan amount is not allowed. However, you may apply for a top-up loan or check if you can apply for a new personal loan, subject to eligibility and repayment capacity.

The maximum loan amount varies based on your eligibility criteria, including income, credit score, and repayment capacity. Kotak Mahindra Bank offers personal loans up to Rs. 25 lakh, subject to the applicant’s credit profile and the lender’s policies.

Kotak Mahindra Bank charges a processing fee of up to 5% of the loan amount, plus applicable taxes.

The interest rates for the applicants of Kotak Mahindra Bank Personal Loan would depend upon their age, credit score, minimum monthly income, job profile, repayment history, etc.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Apne higher education ke liye loan liya tha

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I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Easy personal loan available

Took personal loan. Good experience.

Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

Abhishek ThakuraJan 14, 2026

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

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