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Kotak Mahindra Bank

Kotak Personal Loan

Interest rate range: 10.99% – 20.00% p.a. · Processing fee: 2.5% + GST

Eligibility Status
Credit Score
Score: 0
Required: 700+
Annual Income
₹0
Required: ₹3,00,000+
Debt-to-Income (FOIR)
100%
Policy Limit: 50%
Eligibility Status: Unfavorable
• Needs annual income of at least ₹3,00,000
• Needs CIBIL score 700+
• Repayment would push your obligations-to-income ratio to 100%, above the 50% policy limit
Max eligible borrowing limit:₹0
Product Highlights
Instant Eligibility Check
Evaluate approval likelihood on CIBIL and FOIR metrics instantly.
100% Digital Processing
No paperwork needed. Verification is handled securely online.
Flexible Foreclosure Options
Foreclose early or make partial prepayments subject to lender terms.
Swift Fund Disbursement
Approved loans disbursed straight to your verified bank account in 24 hours.

Kotak Mahindra Bank personal loan: rates, fees and eligibility

Kotak Mahindra Bank Kotak Personal Loan offers 10.99%–20% p.a. on loans of ₹50,000 to ₹30 lakh over 12–60 months, with a 2.5% processing fee. Eligibility starts at a CIBIL score of 700 and net monthly income of ₹3 lakh, with total EMIs capped at roughly 50% of income. The rate you are actually quoted sits inside that band — borrowers at the top of the bureau range and with low existing obligations land nearest 10.99%.

Kotak Mahindra Bank personal loan FAQs

What is the interest rate on a Kotak Mahindra Bank personal loan?

10.99% to 20% p.a. on a reducing-balance basis. The rate you are offered depends on your CIBIL score, income stability and existing obligations — 10.99% is typically reserved for pre-approved, prime-bureau borrowers.

How much can I borrow from Kotak Mahindra Bank?

Between ₹50,000 and ₹30 lakh. Your own ceiling is set by FOIR: Kotak Mahindra Bank caps total EMIs at roughly 50% of net monthly income, so existing EMIs reduce what is left for a new loan.

What CIBIL score and income does Kotak Mahindra Bank require?

A CIBIL score of 700+ and net monthly income of at least ₹3 lakh. Applicants below either threshold are usually declined outright rather than repriced.

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

2.5% of the sanctioned amount plus GST, deducted from the disbursal. On a ₹1 lakh loan that is about ₹2,500 before tax — factor it into the effective cost, not just the headline rate.

What tenure options does Kotak Mahindra Bank offer?

12–60 months. A longer tenure lowers the EMI but raises total interest paid; the calculator above shows the principal-versus-interest split for any combination.

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