Since the inception of the erstwhile Kotak Mahindra Finance Limited in 1985, there is no doubt that Kotak Mahindra is one of the biggest players in the financial market. Yes, by offering a wide range of services to all the esteemed customers in various sectors like banking, mutual funds, life insurance, stock broking, and many more, Kotak Mahindra Bank leaves no stone unturned to fulfill the varied needs of all.  

When it comes to fulfilling varied needs, this bank is here with its best personal loans. Yes, with 1,214 branches and 1,794 ATMs widespread across the country, this bank ensures that it serves all customers by fulfilling their personal needs. No matter what your personal financial needs are, Kotak Mahindra Bank is always here for you.

Kotak Mahindra Bank Personal Loan Interest Rates Details 2025

The personal loan interest rate of Kotak Mahindra Bank starts from 10.99% and goes up to 16.99% per annum. You can get a loan from the bank by paying this interest rate, hence can fulfill your dreams. The process to avail of the loan is very easy and simple, you can either apply online or visit the branch for the same.

Particulars	Details
Interest Rates	Starting at 10.99% to 16.99% per annum
Loan Amount	Up to 35 Lakhs
Repayment	6 Years
CIBIL Score	750 and above

Types of Kotak Mahindra Bank Personal Loans

Here are the different types of Kotak Mahindra Bank Personal Loans -

• Marriage Loan – Plan your dream wedding without financial worries. From engagement to honeymoon, we’ve got your back.
• Travel Loan – Book a perfect vacation without compromising on comfort. Travel stress-free with a Kotak personal loan.
• Home Renovation Loan – Upgrade your home effortlessly with a renovation loan. Give your space a trendy makeover.
• Debt Consolidation Loan – Merge multiple EMIs into one and lower your interest burden with a debt consolidation loan.
• Personal Loan for Government Employees – Quick loans at attractive rates to manage major expenses like education or weddings.
• Medical Emergency Loan – Cover unexpected medical costs instantly with a hassle-free loan. Affordable interest rates ease your stress.
• Student Loan – Don’t let finances hold you back from higher education. Get a loan for studies in India or abroad.
• Personal Loan for Women – Achieve your dreams without money worries. Use our EMI calculator and apply today.
• Top-Up Loan – Need more funds? Get a top-up on your existing loan with better deals.
• Urgent Loan – Quick financial aid for emergencies, from medical needs to unexpected travel.
• Small Loan – Get loans starting from Rs.50,000 in just a few clicks.
• Aadhaar Loan – No-fuss, an instant loan with Aadhaar-based verification for quick approval.
• Personal Loan for Rs.5-15 Lakhs – Get loans up to Rs.15 lakhs instantly for weddings, travel, or urgent needs with flexible EMIs.
• Overdraft Loan – Not sure how much you need? Withdraw funds as required from a pre-approved limit.

Kotak Mahindra Bank Personal Loan Eligibility Criteria

To avail of the personal loan from Kotak Mahindra Bank, you need to fit into the eligibility criteria. Yes, before offering you a personal loan, the bank will consider your eligibility first. And, if your profile matches their criteria, there is no one stopping you from availing the loan. To know your eligibility, the bank will consider your age, income, total work experience, qualifications, and so on. So, if you are a salaried person who is in urgent need of cash, check your personal loan eligibility below.

Particulars	Details
Age of applicant	21 years - 60 years
Years in city	Minimum 1 year
Work Experience	Minimum 1 year
Minimum Net monthly income	Kotak Salary Account Holders: Rs.25,000 minimum net monthly income Non-Kotak Salary Account Holders: Rs.30,000 minimum net monthly income Kotak Employees: Rs.20,000 minimum net monthly income
Minimum educational qualification	Graduation / Diploma
Excluded Sectors	Construction and Real Estate, Airlines and Hotels, Transport and Logistics, Auto & Auto Ancillaries, Textiles, Media, Entertainment, Service Industries, NBFC employees, Consumer Discretionary

Documents Required For Kotak Mahindra Bank Personal Loan Application

Next, the thing to which you need to pay attention is the documentation required to get the personal loan from Kotak Mahindra Bank -

Documents Required for Personal Loan Up to Rs.35 Lakh

Get a zero-collateral loan at 10.99% p.a. with a swift digital KYC process. Required documents:

• ID Proof – PAN Card, Passport, Aadhaar, or Driving Licence
• Address Proof – Passport, Aadhaar, or Driving Licence
• Income Proof – Last 3 months Bank Statement & Salary Slips (for salaried)
• Photographs – 2-3 passport-sized photos

Documents Required for Salaried Individuals

Ensure a smooth Kotak Personal Loan application with these required documents:

• ID Proof – Aadhaar, Voter ID, Driving Licence, Passport, or PAN Card
• Address Proof – Aadhaar, Voter ID, Driving Licence, Passport, Utility Bill, Telephone Bill, or Registered Rent Agreement
• Income Proof – Last 3 months’ Salary Slips, Income Tax Returns, and Bank Statements

Calculate Kotak Mahindra Bank Personal Loan Monthly EMI

The Equated Monthly Installment (EMI) is the sum of the interest as well as the principal which is payable every month for a personal loan. So now, you must be thinking how Kotak Mahindra Bank will be going to calculate your personal loan EMI. Well, as far as EMI is concerned, it gets calculated in a very hassle-free manner. Moreover, the EMI Calculator of Kotak Mahindra Bank takes into account the loan amount, rate of interest as well as tenure of the loan, to calculate the EMI.

Furthermore, the first and foremost thing that the calculator does is compute the interest component and then the principal amount that you will have to pay on your personal loan.

Try to understand this thing, with an example with the help of Wishfin Kotak Mahindra Bank Personal Loan EMI Calculator. 

Example: If you want to avail of a loan of Rs. 10,00,000 from Kotak Mahindra Bank for 5 years, you will be charged an interest rate of 10.99% p.a. to 16.99% p.a. What will be the monthly EMIs for the term from 1 to 5 years.

LOAN TENURE	INTEREST RATE (10.99% p.a.)	INTEREST RATE (16.99% p.a.)
1	Rs.88,376.99	Rs.91,200.01
2	Rs.46,603.20	Rs.49,437.46
3	Rs.32,733.98	Rs.35,647.75
4	Rs.25,840.67	Rs.28,849.87
5	Rs.21,737.44	Rs.24,847.20

Fee/Charges of Kotak Mahindra Bank Personal Loan

Processing Fee	Up to 5% of the loan amount + GST
Stamp Duty Charges	As per the Stamp Act
EMI dishonor/Bounce charges	Rs. 750 per instance
Swap charges	Rs. 500 + taxes per instance
Foreclosure Charges	Up to 3 years: 4% + taxes on outstanding principal After 3 years: 2% + taxes on outstanding principal
Part pre-payment charges	Loans disbursed on/before 1st Feb 2020: Not allowed Loans disbursed after 1st Feb 2020: Allowed after 12 months, up to 20% of outstanding principal, once per year Rs.500 + taxes per instance

Features and Benefits Of Kotak Mahindra Bank Personal Loan

• Attractive interest rates
• Flexible repayment options
• Bank Doorstep Service
• Gain quick approval on loans
• Minimal paperwork and hassle-free processing
• No security or collateral required. 

Factors Affecting Kotak Mahindra Bank Personal Loan Eligibility

The first and foremost thing that comes is personal loan eligibility, which is based on factors such as -

• Age: The preferred range is 25-50 years for stable income and repayment capacity.
• Credit Score: A score of 700+ improves loan approval chances. Maintain a good credit history.
• Income: Higher income boosts eligibility. Club salary with interest income for better chances.
• Job Stability: Minimum 2-3 years of work experience preferred. Avoid job changes before applying.
• Existing Liabilities: High debts affect eligibility. Clear existing loans for better approval chances.

Kotak Mahindra Bank Personal Loan Online Apply

You can easily apply for a Kotak Personal Loan online. The process is simple. Get a Personal loan online with Kotak in 3 easy steps.

• Step 1: Provide your basic details to help the Bank know you better
• Step 2: Determine your eligibility to get a Personal Loan from Kotak
• Step 3: Provide a set of required documents such as your residential proof, income and employment details, etc. and within just a few minutes the bank will receive your loan application.

Avail quality service and instant personal loans from Kotak Mahindra Bank and meet your financial requirements without any bottlenecks.

Kotak Mahindra Bank Personal Loan CIBIL Score

To avail a personal loan from Kotak Mahindra Bank, you need to have a good CIBIL score. Yes, your three-digit numeric summary is something on which lenders always keep an eye on. So, make sure that you have a score of 700 or above out of 900 to enjoy a hassle-free journey. With the help of this score, it would be easy for you to grab the best deal. And, to keep on getting the best deals, it’s important that you maintain a good credit score by keeping certain things in mind such as paying bills on time, etc.

Kotak Mahindra Bank Personal Loan Application Status

You can easily check the status of your personal loan application by visiting the branch near you. Just give your details, and the executives will tell you the status of your loan application. This way it becomes easy for you to keep an eye on your loan application status.

Kotak Mahindra Bank Contact Number

Kotak Mahindra Bank with its best and most experienced customer care executives is always there to solve all your queries related to your personal loan. You can call or get in touch with these executives to solve your queries. 

These executives are available 24×7 on this toll-free number: 

• 1860 266 2666

Conclusion

With Kotak Mahindra Bank personal loan you can fulfil your needs. You can have a grand wedding planned without taking any stress and draining out your savings, you can plan your dream holiday to exotic places, manage unforeseen medical emergencies, repair, renovate, and upgrade your home to a dream home, etc. From planning a big event to facing an unexpected expense, Kotak Mahindra Bank personal loan is the solution for all. Available from your comfort of home or office making sure you have a seamless experience.