- 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
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15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
End-to-end Digital Process
Curated offers from 30+ lenders
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Money in your account instantly
Instant Loan Disbursal
Offers ranked according to eligibility
Zero documentation
Hassle-free & paperless
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Find Best Personal Loan Offers
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?
Compare & Choose the Best Offer
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
Kotak Personal Loan - Key Features
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/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Axis Bank | 9.99 onwards* | Up to 2% |
| Bank of Baroda | 10.15-18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.85-11.65 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 12.00 - 22.50* | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | Up to 30* | 2.3% - 3% |
| HSBC Bank | 9.75 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.00 - 28.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 13.50 onwards | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up to 1% (Max. Rs. 7,500) |
*Paisabazaar special rates
Note: Rates as of 1st 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:
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Avail Personal Loan for
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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.
How to Apply for Kotak Personal Loan Online
You can apply for Kotak personal loan online through Paisabazaar in the following steps:
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
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
HDFC BANK
Axis Bank
Kotak Mahindra Bank
ICICI Bank
Federal Bank
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Indusind Bank
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Tata CapitalAvail Personal Loan for
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Avail Personal Loan for
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Overview
Kotak Mahindra Bank Personal LoanKotak Mahindra Bank Personal Loan Interest RateKotak Mahindra Bank Personal Loan Documents RequiredKotak Mahindra Bank Marriage LoanKotak Mahindra Bank Personal Loan Balance TransferKotak Mahindra Bank Personal Loan EMI CalculatorKotak Mahindra Bank Personal Loan Customer CareKotak Mahindra Bank Personal Loan Preclosure ChargesKotak Mahindra Bank Personal Loan Status
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.
What documents are needed for Kotak personal loan?
The common documents required during Kotak personal application include E-KYC authenticated Aadhaar card, PAN card, passport, driving license, bank statements, salary slips and ITRs.
What is Kotak personal loan customer care number?
To contact the customer care, you can dial the toll-free number of Kotak Mahindra Bank at 1800 4100.
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Written By
Anubhuti Agrawal
Reviewed By
Shamik GhoshPaisabazaar 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%.
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