Bank

Kotak Mahindra Bank Personal Loan 2026

Interest rate, eligibility, documents & fees

Interest Rate
10.99%–24%
Loan Amount
Up to ₹40 lakh
Tenure
12–60 mo

Kotak Mahindra Bank Personal Loan — Key Details

Last reviewed August 2026

Interest rate
10.99% – 24% p.a.
Loan amount
₹50,000 – ₹40 lakh
Tenure
12 – 60 months
Processing fee
Up to 2.5%
Minimum CIBIL score
700+
Minimum monthly income
₹20,000
Age
21 – 60 years
Employment type
Salaried

Kotak Mahindra Bank Personal Loan EMI

Monthly EMI at the starting rate of 10.99% p.a. Your rate may be higher.

Loan amount12 months24 months36 months60 months
₹1,00,000₹8,838₹4,660₹3,273₹2,174
₹3,00,000₹26,513₹13,981₹9,820₹6,521
₹5,00,000₹44,188₹23,302₹16,367₹10,869
₹10,00,000₹88,377₹46,603₹32,734₹21,737

Kotak Mahindra Bank Personal Loan Eligibility

  • Age 21–60 years
  • Monthly income ≥ ₹20,000
  • CIBIL ≥ 700
  • Min 1 year with current employer

Documents Required for Kotak Mahindra Bank Personal Loan

Salaried

  • PAN Card
  • Aadhaar Card
  • Salary slips (3 months)
  • Bank statements (3 months)
  • Form 16

Self-Employed

  • PAN Card
  • Aadhaar Card
  • ITR (2 years)
  • Bank statements (6 months)
  • Business proof

Kotak Mahindra Bank lends mainly to salaried applicants; self-employed applications may be considered case by case.

Pros & Cons

Advantages

  • Instant approval for Kotak 811 customers
  • Competitive rates
  • Strong Kotak mobile banking

Watch out for

  • High processing fee up to 2.5%
  • Primarily salaried
  • Branch visit sometimes needed

How to Apply for a Kotak Mahindra Bank Personal Loan

Kotak Mahindra Bank's own application process

  1. 1Open Kotak Mobile Banking app
  2. 2Navigate to Loans → Personal Loan
  3. 3Check pre-approved offer
  4. 4Upload KYC
  5. 5Disbursement within 4 hours for pre-approved customers

Not sure Kotak Mahindra Bank is right for you? Compare offers from RateCut's lending partners first.

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Kotak Mahindra Bank Personal Loan — FAQs

What is the Kotak Mahindra Bank personal loan interest rate?

Kotak Mahindra Bank personal loan interest rates range from 10.99% to 24% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.

What is the minimum salary for a Kotak Mahindra Bank personal loan?

Kotak Mahindra Bank requires a minimum monthly income of about ₹20,000. It lends to: Salaried.

What is the processing fee for a Kotak Mahindra Bank personal loan?

Kotak Mahindra Bank charges a processing fee of Up to 2.5%, plus 18% GST. It is usually deducted from the loan amount at disbursal.

What CIBIL score is needed for a Kotak Mahindra Bank personal loan?

Kotak Mahindra Bank generally looks for a CIBIL score of 700 or more. A score of 750+ improves your chances of getting a lower rate.

How long does Kotak Mahindra Bank take to disburse a personal loan?

As per Kotak Mahindra Bank's stated process: Disbursement within 4 hours for pre-approved customers. Existing customers with pre-approved offers are usually faster.

Is Kotak Mahindra Bank regulated by the RBI?

Yes. Kotak Mahindra Bank is a private sector bank regulated by the Reserve Bank of India.

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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.