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Kotak Personal loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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End-to-end Digital Process

Curated offers from 30+ lenders

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Pre-approved Offers

Money in your account instantly

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Instant Loan Disbursal

Offers ranked according to eligibility

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Hassle-free & paperless

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Kotak Personal Loan - Key Features

  • Collateral-free loans with interest rates starting from 9.98% p.a
  • Maximum loan amount of Rs. 1 crore
  • Flexible repayment tenure of up to 6 years
  • Digital KYC
  • Quick loan approval
  • Instant disbursal
  • Minimal documentation

Kotak Personal Loan Interest Rates 2026

As of 2026, Kotak Mahindra Bank personal loan interest rate start from 10.99% p.a. with Paisabazaar offering special interest rates starting from 9.98% p.a.

The lender sets its personal loan interest rates based on the credit score, monthly income, EMI/NMI ratio, job profile, employer’s profile, existing relationship with the bank, etc. The personal loans are MCLR-based and offered at fixed interest rates, i.e., the EMI remains constant throughout the loan tenure.

Rates Based on CIBIL Score

Kotak Mahindra Bank offers lower interest rates to applicants having a strong credit score. A CIBIL score of 760 and above is usually considered very good to get the personal loans approved.

Rate for Kotak Salary Account Holders

Select existing customers of Kotak Mahindra Bank having a strong credit profile have higher chances of getting their personal loans approved at a lower interest rate. Applicants are offered loans with minimal documentation and instant disbursal.

Personal Loan Interest Rates Offered by Top Lenders

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 15th June 2026

Kotak Personal Loan EMI Calculator

A personal loan EMI calculator is an online financial tool that allows the individuals to assess their loan affordability by calculating the total EMIs and interest cost payable over the loan tenure. Applicants can visit Paisabazaar’s Personal Loan EMI Calculator available online, enter the loan amount, interest rate and loan tenure, and get instant results. Below-mentioned are the features of the Personal Loan EMI Calculator available on Paisabazaar:

  • The results are fast and accurate.
  • The tool saves time that was earlier spent in manual calculations.
  • The calculator is convenient and easy to navigate.
  • It can be accessed from anywhere.
  • The service is available 24*7.

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Kotak 811 Personal Loan (Digital Account Holders)

Kotak 811 personal loan is a digital, paperless personal loan product offered online with minimal documentation and instant disbursal. The existing Kotak 811 digital account holders can apply for pre-approved instant personal loan through mobile application or net banking portal of the Kotak Mahindra Bank.

Kotak Personal Loan Eligibility

Below-mentioned is the eligibility criteria set by Kotak Mahindra Bank for its personal loan applicants.

  • The age of the applicant should be between 21 to 60 years.
  • Individuals employed with an MNC, public limited companies and private limited companies are eligible for Kotak personal loan.
  • The minimum monthly income of the applicant should be Rs. 25,000.
  • Applicants should have a work experience of at least 1 year.
  • Individuals having a strong credit score of usually 760 and above have higher chances of getting their loans approved.

 

Individuals can use Paisabazaar’s Personal Loan Eligibility Calculator to check their loan eligibility before applying and improve their approval chances.

Kotak Personal Loan for Self-employed

Self-employed individuals, such as, doctors, CAs, etc. are offered Kotak Mahindra Bank personal loans to meet their personal requirements. However, such applicants are usually offered slightly higher interest rates as compared to salaried individuals. Self-employed individuals do not have a stable job and a consistent income. Due to this, the lenders consider them as riskier applicants and thus, offer comparatively higher interest rates.

Documents Required

Below-mentioned are the documents required by the lenders during Kotak personal loan application.

  • ID proof/Address proof - e-KYC authenticated Aadhaar, passport, voter ID, driving license
  • Bank statement and salary slips for last 3 months
  • PAN Card
  • ITR

How to Apply for Kotak Personal Loan Online

You can apply for Kotak personal loan online through Paisabazaar in the following steps:

  • Login to Paisabazaar Loan app.
  • Tap on the “Personal Loan” icon.
  • The app shows customized personal loan offers based on your credit profile.
  • Check the personal loan details of Kotak Mahindra Bank and apply.

Kotak vs Axis vs HDFC Bank

Features Lenders
Kotak Mahindra Bank Axis Bank HDFC Bank
Interest rates 9.98% p.a. 9.99% p.a. 9.99% p.a.
Loan amount Up to 1 crore Up to Rs. 25 lakh Up to Rs. 50 lakh
Loan tenure Up to 6 years Up to 6 years Up to 5 years
Processing fee Up to 5% Up to 2% Up to Rs. 6,500
Pre-approved Offers Available Available Available

Kotak Personal Loan Customer Care

  • Toll-free number - 1800 4100
  • Toll-free number for NRI customers - +91-2262042001
  • Email id - customersupport@kotak.com

FAQs

What is Kotak Mahindra Bank personal loan interest rate 2026?

As of 2026, Kotak Mahindra Bank personal loan interest rates start from 9.98% p.a. depending on the credit profile of the applicants.

How to apply for Kotak personal loan online?

You can apply for Kotak personal loan online by downloading and logging in to the Paisabazaar app.

What is the minimum salary for Kotak personal loan?

The minimum salary requirement for Kotak personal loan is Rs. 25,000.

What is Kotak 811 personal loan?

Kotak 811 is a digital, paperless and instant personal loan product embedded into the mobile app and net banking portal of Kotak Mahindra Bank.

Does Kotak give personal loan to non-Kotak customers?

Yes, Kotak Mahindra Bank provides personal loan to non-Kotak customers as well.

What is the maximum loan amount from Kotak Bank?

The maximum loan amount that can be availed from Kotak Mahindra Bank is Rs. 1 crore.

Is Kotak personal loan rate lower than Axis Bank?

Actual interest rate on a loan offer depends on numerous factors and also the applicant’s credit profile. An applicant should compare offers from both lenders before choosing a suitable lender.

What is the processing fee for Kotak personal loan?

The processing fee for Kotak personal loan range up to 5% of the loan amount.

How long does Kotak take to approve personal loan?

It usually takes around 24-72 hours for Kotak personal loan to get approved. If you are a pre-approved customer, you are eligible for instant loan disbursal.

Can self-employed get personal loan from Kotak?

Yes, self-employed individuals can get personal loans from Kotak Mahindra Bank.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

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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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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