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A Personal Loan is a versatile financial product that allows you to access funds without the need for collateral or security. It is ideal for various personal needs, whether you're eyeing the latest gadget, planning a dream vacation, pursuing advanced courses or organising a grand wedding.
Kotak Mahindra Bank offers Personal Loans up to ₹35 lakhs with competitive interest rates starting at 10.99%* p.a. and flexible repayment tenures of up to 6 years. The Personal Loan application process is seamless, with minimal documentation and Zero collateral, ensuring quick access to funds.
Turn your aspirations into reality with a Personal Loan from Kotak Mahindra Bank. Apply now and enjoy a hassle-free borrowing experience with transparent costs and a convenient online application process.
*Illustrative purposes only. Loan disbursal at sole discretion of Kotak Mahindra Bank Ltd. Terms & Conditions Apply
Take charge of your finances with a Kotak Mahindra Bank Personal Loan - packed with features designed to empower you.
No need to mortgage any asset as security
Maximum up to ₹35 lakhs can be availed for 1 to 6 years
Attractive interest rates, starting at 10.99%* p.a.
Easy documentation with video KYC using Aadhaar card
Flexible repayment options with EMIs that fit your budget.
Covers all your personal needs, from travel to medical expenses.
3 Steps to Apply for a Personal Loan Online with Kotak Mahindra Bank
This initial step of online loan application is about assessing your eligibility. It's quick, easy and the first step towards getting your funds.
This part of the process ensures what you get aligns perfectly with your financial situation and requirements.
The last step is all about making it official. Esign is going on your loan agreement to confirm your acceptance. To add to your ease, we also set up an auto-repayment, so you never miss a date.
Kotak Mahindra Bank offers quick and easy access to funds for your personal needs. With easy documentation and a hassle-free online loan application process, you can get a loan of up to ₹35 lakhs.
| Eligibility Criteria | Requirement |
|---|---|
| Nature of Employment | Salaried - MNC, public limited company or private limited company |
| Age | 21 years to 60 years |
| Minimum Monthly Income | - Kotak Bank Salary Account holders: ₹25,000 minimum net monthly income - Non-Kotak Bank Salary Account holders: ₹30,000 minimum net monthly income - Kotak Bank employees: ₹20,000 minimum net monthly income |
| Minimum Educational Qualification | Graduation / Diploma |
| Work Experience | At least one year of work experience is required. |
| CIBIL Score | A CIBIL score of 730 or above is generally considered good for approving a Personal Loan. |
Visit our personal loan eligibility page to know more.
Visit the Personal Loan documentation page to check the documents list for more details.
Here’s the rundown on Personal Loan interest rates and charges.
| Features | Rate/Charge |
|---|---|
| Personal Loan interest rate (Fixed) | Starting from 10.99% p.a. |
| 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. |
Visit the Personal Loan fee and charges page to know more.
If you need funds quickly, an instant loan online is the perfect solution. With a Pre-Approved Personal Loan from Kotak Mahindra Bank, you can get the money you need right on time. All eligible, salaried customers can apply for an instant Personal Loan online through a completely digital and hassle-free process.
Be it educational expenses, home repairs, travel getaway, dream wedding, new bike or scooter, we're here for you.
Quick, easy and hassle-free – Apply for an instant Personal Loan online after completing just three easy steps via Kotak Mahindra Bank Net Banking.
Step 1: Check Personal Loan Eligibility & Confirm Details
Step 2: Accept the Offer Online
Step 3: Instant Disbursal.
If you’re eligible, the funds are as good as yours. Just click below to know.
| Features | Rate/Charge |
|---|---|
| Personal Loan interest rate (Fixed) | Starting from 10.99% p.a. |
| 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. |
Facing a mid-month cash crunch or an emergency at month-end? Apply for a short-term instant Personal Loan; it can be your saviour! With Kotak Mid-Month Advance at Kotak Mahindra Bank, you can get quick cash with just a few clicks and repay it when your salary is credited.
Loans from ₹3,000/- up to ₹1.5 lakhs
Attractive interest rates
Instant online disbursal to your Kotak Bank account
No documentation for availing the loan. No need to give any post-dated cheques
Available Online only
| Eligibility Criteria | Requirement |
|---|---|
| Nature of Employment | Salaried - MNC, public limited company or private limited company |
| Age | 21 years to 58 years |
| Minimum Monthly Income | Kotak Bank Salary Account holders: ₹10,000 minimum net monthly income |
| Type | Interest/Charges |
|---|---|
| Interest rate | 10% per annum |
| Loan Processing Fees | Up to 6% of the final loan amount plus applicable taxes. Will be deducted from the loan amount at the time of disbursal |
| Stamping Charges | Applicable 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 |
| Bounce charges | INR 750 per instance (Inclusive of applicable taxes) |
Quick & Easy In-principle sanction through Chat
Applied Recently? Check your Application Status
Personal Loan Guide
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Top 3 Ways How Personal Loan EMI Calculator Can Benefit You
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Low credit score? Increase your personal loan eligibility through these 2 measures
Looking for a reliable personal loan solution near you? Kotak Mahindra Bank offers an easy and convenient way to apply for personal loans online, no matter where you are. With minimal paperwork and a smooth digital process, you can access funds quickly and handle your financial needs with confidence.
Kotak Mahindra Bank makes borrowing simple, no matter your budget. With flexible amounts and repayment options, you can choose what works best for you. Experience a seamless digital process designed to suit your financial comfort.
Digital Lending Applications:
List of DLA |
Specific names (if any) |
|---|---|
Mobile Banking |
Kotak Bank Kotak Bank (Old) Kotak Bank : 811 Mobile App |
Kotak Website |
Kotak Pre-login Webpage |
Kotak Net Banking |
- |
For any queries, Please contact Customer Care
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A Personal Loan is a flexible financial solution designed to meet various personal needs. It is an unsecured loan, meaning you don't need to pledge any collateral. It also features a simple application process for accessing the funds quickly.
No. Any security or collateral is not needed to apply for a Personal Loan, as it is an unsecured loan. However, you must fulfill the eligibility criteria.
To check the status of your Personal Loan application – visit the Kotak Mahindra Bank website, go to the Personal Loan page, and click "Track Application Status" tab. Enter your name and mobile number as per the application, and track the status of your application.
Kotak Mahindra Bank’s Personal Loan offer comes with minimal documentation andhassle-free processing. Our interest rates start from 10.99% per annum, and we provide flexible repayment tenures of up to 6 years. Utilise our Personal Loan EMI calculator to plan your finances effectively.
Interest on Personal Loan depends on several factors such as your credit score, income level, loan amount, and tenure. These details determine the applicable rate of interest on your loan. Kotak Mahindra Bank offers rates starting at 10.99% per annum.
At Kotak Mahindra Bank, you can get instant approval for Personal Loans if you meet the eligibility criteria and submit the required documents. Typically, approval takes 24-72 hours. Additionally, if you are an existing customer with good credit history, you may be eligible for a pre-approved loan with instant disbursement.
To secure a Personal Loan quickly via the Kotak Mahindra Bank personal loan app, start by submitting your Personal Loan application through the app. The process is fast and requires no documentation. If you are a pre-approved customer, you can receive instant disbursement of funds directly into your Kotak Bank account.
Kotak Mahindra Bank offers pre-approved Personal Loans. Eligible salaried customers can avail the loan in minutes without documents, through a completely digital and hassle-free process.
1. Check your eligibility.
2. If you're pre-approved, you can accept the offer online.
3. Complete the online application process.
4. The loan amount will be disbursed directly into your account.
Insurance is optional but recommended to protect against unforeseen circumstances. The insurance premium is separate from the EMI and can be paid as a one-time fee or included in the loan amount, depending on your chosen provider.
"Both new and existing customers should have identity, address, and income-proof documents. Acceptable documents include:
A Personal Loan from Kotak Mahindra Bank provides flexible funding for various needs such as weddings, home renovations, travel, and medical emergencies. Since it is unsecured, you do not have to pledge any asset, making these loans accessible to a broad category of applicants. Our streamlined processes ensure quick loan disbursement, making it a practical choice for managing your financial requirements.
Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
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