• 9863020202    
  • contact@financeseva.in

Apply Kotak Personal Loan

Planning a Luxury Holiday? Make it a Reality with a kotak mahindra bank Personal Loan- get loan for personal requirement, less paperwork with quick processing.
Enquiry Form

Kotak Mahindra Bank Personal Loan

Are you planning to organize a big event, a wonderful trip, and decorate your house, but facing an unexpected expense, we have a solution to your planned or unplanned expenditures with Kotak Personal Loan.

Benefits and features of Personal Loan


  • Hassle-free documentation
  • Zero requirements of collateral
  • Easy-to-meet Eligibility


  • Speedy processing and easy disbursal of money
  • Flexible options of Loan repayment through EMI
  • Multipurpose Loan

Kotak Types Of Personal Loan

Personal Loan for Holiday: - You don’t need to delay your world trip plan anymore. Kotak Mahindra Bank Personal Loan is the ultimate way to fulfill your requirements. Minimal paperwork & quick processing makes it unique.

Personal Loan for medical Emergency-No worries about emergency now you can get a Personal Loan by Kotak Mahindra Bank to deal with any kind of personal emergency, like your medical outstanding bills, need funds for operation and any surgery.

Personal Loan for debt consolidation: - Kotak Mahindra Bank provides Personal Loans to consolidate debt and repays multiple debts at one time with a single monthly payment. While this is a simplify the debt repayment process and saves you money.

 Also Read:-Project loan for New business

Kotak Personal Loan Interest Rate & Processing Fee

Interest Rate Starting from 10.25% p.a.
Loan amount Rs. 50,000 to Rs. 20 Lakh
Loan repayment tenure Up to 60 months
Loan Processing Charges 2.5% of the loan amount+ GST

 Type of Other Charges by Kotak Mahindra Bank Personal Loan

Credit Administration Charges Up to 5% of the Loan amount (inclusive of GST)
Stamping Charges As per the State's Stamp Act
Collection Charges 30% (inclusive of GST and other statutory levies) + overdue interest
Dishonour Charges Rs. 750 per instance + of GST and statutory levies
Part pre-payment charges

Part-payment facility not available
for Loans disbursed after 1st Feb 2020

  • Part pre-payment charges allowed up to 20% annually but applicable after initial first-year completion.
  • * INR 500 + GST
Foreclosure Charges For all scheme of Personal Loan (foreclosure charges are mandatory) 
0 to 12 Months: Lock-in Period 
1 to 3 years: 4% + GST on principal outstanding 
years or more: 2% + GST on principal outstanding

 Comparison of Kotak Personal Loan with Other Lenders

Lender Maximum Loan Amount Maximum Tenure Interest Rate Processing Fee
Kotak Mahindra Personal Loan Rs 20 Lakh 60 months 10.25%- 24% Flat Rs.999/-
HDFC Personal Loan Rs. 40 Lakhs 60 months 10.50% - 21.00% Up to 2.50% (Min. Rs. 2,999 & Max. Rs. 25,000) + GST
ICICI Bank Personal Loan Rs. 20 Lakhs 60 months 10.50% - 19% Up to 2.25% + GST
Bajaj Finserv Personal Loan Rs 25 Lakhs 60 months 13% onwards Up to 4.13 % + GST
Axis Bank Personal Loan 15 Lakh 60 months 10.49% onwards Up to 2% +GST

 Kotak Personal Loan Eligibility

Bank to Bank certain criteria get varied for Kotak Personal Loan Eligibility criteria are below mentioned: -

1. The applicant should be a permanent employee with a minimum 1 year

2. Applicant minimum net income should be Rs. 30,000/- per month

3. Existing savings account or current account is required for this Loan

4. The customer should maintain the required balance in the account as per the account type

5. The applicant must be a resident of the current city for at least one year.

6. Anyone can apply for Kotak Mahindra Personal Loan between the ages of 21 years and 58 years.

Also Read:-HDFC Working Capital Loan

Kotak Personal Loan Documents Required

Document category Documents required
KYC Document

Both salaried & self-employed required to provide any one of the following: -


  • PAN Card
  • Aadhaar Card
  • Driving License
  • Election/ Voter ID Card
  • Passport
Proof of Income

Applicant should require last 3-month payslip.

Applicant should have Bank statement of last 3 months.

Financial Documents

Salaried Individuals: For salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals: - If you are a Self-employed individual you need to require a last 1-year Bank statement for both savings and current account.

Proof of residence

Summit any one of the following documents as an address proof:

  • PAN Card
  • Passport
  • Aadhaar Card
  • Driving License
  • Election/ Voter’s ID Card
  • Property/ Municipal Tax receipt

Electricity bill, telephone bill, water bill, phone bill, gas bill, etc

 How to apply for Kotak Personal Loan Online?

You just need to follow the given below mentioned steps to apply for Kotak Personal Loan online:

Step 1: - Identify the requirement and the Loan amount as per your need, this will help you to apply for the correct amount.

Step 2: - Visit the official website of Kotak Mahindra Bank and choose Personal Loan to fill your personal, financial, and employment details.

Step 3: - After completing this step and once you submitted the application If, your criteria match then only Kotak Mahindra Bank representative will contact you.

Step 4: - After the confirmation, you need to submit documents like your proof of identity, address proof, and a Bank account statement for the last 6 months.

Step 5: After evaluation of your information.  your Loan approval take place and Loan amount will be credited to your respective account.

Also Read:-HDFC Home Loan

Kotak Personal Loan FAQ

How can I check my Personal Loan details in Kotak Mahindra Bank?

You can send an SMS on "9971056767 or 5676788" number from your registered mobile number with the Bank.

How much Kotak Personal Loan cibil score requirement?

Applying for a Personal Loan from Kotak Mahindra Bank you need a minimum 750.

How Can I get Kotak Personal Loan for self-employed?

If, your monthly income salary is Rs. 15,000 then you eligible to get a Personal Loan if you meet the other eligibility requirements.

How can I use Kotak Personal Loan Calculator?

If you want to check your EMI, you can use Kotak Personal Loan EMI Calculator just fill in basic information like the amount of Personal Loan you wish to borrow, the rate of interest, and the tenure of the repayment of the Personal Loan to calculate the EMI.  EMI Calculator indicates the accurate sum of your EMI that you have to pay on a monthly basis.

How is my Personal Loan amount disbursed?

Once your Personal Loan is approved, the amount is automatically transferred to your salary account, the details of which are to be submitted at the time of the Personal Loan application. 

Is Kotak Personal Loan apply is available online?

Yes, Kotak Personal Loan apply is available online & it's too easy, you just need to visit their site & click on the apply now button, where you will be offered facilities of Personal Loan. If you are cleared with your choice click one of them if not then simply request a call back shortly customer representative will you in touch.

How to check Kotak Personal Loan status?

You can check Kotak Mahindra Bank Personal Loan status online itself, just by clicking https://www.kotak.com/en/transaction-services/track-application.html  you get redirected to Kotak Mahindra Bank site track application status where you will be required to choose the Loan products & next to it any identifier number whether it’s a generated application number, mobile number or another PAN number.

Kotak Personal Loan Customer Care Number

You can directly visit KOTAK MAHINDRA Site & fill in basic details to continue online chat

Kotak Mahindra Bank Personal Loan 24×7 Customer Care Number

1860 266 2666 (Local charges applied)

+91 22 6600 6022 (Overseas charges applied)

Apply Now:-Business Loan