Kotak Mahindra Bank Personal Loan – Quick Approval & Low Interest Rates

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Customers Served icon

10 Lacs+

Customers Served

Google Reviews icon

4.7/5

Google Reviews

Pincodes Serving icon

10,000+

Pincodes Serving

Loans Disbursed icon

2000 Cr+

Loans Disbursed

Kotak Mahindra Bank offers unsecured Personal Loans to salaried individuals with flexible loan amounts up to ₹35 lakh and tenures of up to 6 years. These loans are designed to meet a range of personal financing needs, with minimal documentation and a fully digital application process.

Kotak Mahindra Bank Personal Loan Features & Benefits

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Unsecured Loan

No collateral or asset security required.

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Competitive Interest Rates

Starting at 10.99% p.a., offers affordable repayment.

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Flexible Tenure

Choose a repayment period up to 6 years.

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Easy & Fast Digital Process

Quick online application and approval.

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Multi-Purpose Use

Funds can be used for travel, medical, education, weddings, etc.

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Pre-Approved Offers

Eligible customers can get faster approvals.

Kotak Mahindra Bank Personal Loan Highlights

Interest RateFrom 10.99% p.a. (fixed)
Loan AmountUp to ₹35 lakh
TenureUp to 6 years
Processing FeeUp to 5% of the loan amount + taxes
CollateralNo collateral required
EMI OptionsFlexible EMIs based on tenure

Required Documents for Kotak Mahindra Bank Personal Loan

Identity Proof

Identity Proof

  • CheckAadhaar / PAN
  • CheckPassport
  • CheckVoter ID
  • CheckDriving Licence
Address Proof

Address Proof

  • CheckUtility bill
  • CheckPassport
  • CheckAadhaar
Income Proof

Income Proof

  • CheckSalary slips
  • Checkbank statements
Employment Proof

Employment Proof

  • CheckWork experience documents as applicable

Types of Kotak Mahindra Bank Personal Loan

Standard Personal Loan

Up to ₹35 lakh for general personal expenses.

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Pre-Approved Personal Loan

Quick funds to eligible customers with minimal steps.

Apply Now >

Kotak 811 Personal Loan

Fully digital personal loan via the Kotak811 platform.

Apply Now >

Personal Loan EMI Calculator

One Lakh

Min ₹100000Max ₹99 L
%
Min 9.99%Max 30%
Min 1 yearMax 7 years
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Principal Amount1,00,000
Total Interest10,737
Total Amount1,10,737
Monthly EMI4,614
Principal Amount
Interest amount

Tips to Improve Personal Loan Approval Chances in Kotak Mahindra Bank Personal Loan

Maintain a Good Credit Score

Maintain a Good Credit Score

Your credit score plays a crucial role in personal loan approval. A score of 700+ is generally considered good.

Ensure Stable Income and Employment

Ensure Stable Income and Employment

Lenders prefer applicants with stable employment and a consistent income source.

Apply for a Suitable Loan Amount

Apply for a Suitable Loan Amount

Always apply for a loan amount that aligns with your repayment capacity and financial goals.

Keep All Required Documents Ready

Keep All Required Documents Ready

Incomplete documentation is one of the most common reasons for personal loan delays or rejection.

Clear Existing Debts

Clear Existing Debts

Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.

Apply Through a Trusted Loan Platform

Apply Through a Trusted Loan Platform

Instead of applying directly to multiple banks, apply through a reliable loan marketplace like LoansJagat.

How to Apply for Personal Loan in Kotak Mahindra Bank Personal Loan

01
Apply Online

Apply Online

Click Apply Now and start your loan journey in minutes.

02
Share Basic Details

Share Basic Details

Enter your name, contact, and work information to proceed.

03
Verify Eligibility

Verify Eligibility

Get instant loan offers based on your profile and credit score.

04
Upload Documents

Upload Documents

Submit your PAN, Aadhaar, KYC, and income proof securely online.

05
Compare & Choose

Compare & Choose

Pick the best offer from multiple banks and NBFCs.

06
Get Instant Approval

Get Instant Approval

Receive quick approval and funds directly in your bank account.