💡 Overview: Kotak Mahindra Bank Personal Loan 2025
In 2025, Kotak Mahindra Bank continues to offer quick and paper-light personal loans to both salaried and self-employed customers. You can apply 100% online and receive the amount directly in your account within 24 hours — no collateral required.
Whether you need funds for travel, wedding, education, medical emergency, or home renovation, Kotak’s personal loan gives you the freedom to borrow from ₹50,000 to ₹40 lakh with flexible tenures up to 6 years.
🧾 Key Highlights
| Feature | Details (2025) |
|---|---|
| Loan Amount | ₹50,000 – ₹40,00,000 |
| Interest Rate | 10.99% – 24% p.a. |
| Loan Tenure | 12 – 72 months |
| Processing Fee | Up to 2.5% of loan amount + GST |
| Prepayment Charges | 4% after 12 EMIs |
| Collateral Required | None |
| Approval Time | Instant for pre-approved users |
| Loan Type | Unsecured Personal Loan |
🧍 Eligibility Criteria
For Salaried Individuals
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Age between 21 – 60 years
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Minimum monthly income ₹25,000 (city-based variation)
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Must be employed in a private or public-sector company for at least 1 year
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Should have a good CIBIL score (700 +)
For Self-Employed
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Minimum age 25 years, maximum 65 years
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Minimum annual turnover ₹20 lakh (services) or ₹40 lakh (manufacturing/trading)
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Minimum business vintage 3 years
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Valid business registration documents
📋 Required Documents
| Document Type | Examples / Accepted Proofs |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport |
| Address Proof | Utility Bill, Driving License, Rent Agreement |
| Income Proof | Latest 3 months’ salary slips / ITR for 2 years |
| Bank Statement | Last 6 months |
| Photograph | One passport-size photo |
💡 Existing Kotak customers may get approval without submitting fresh documents.
💰 Interest Rate & Charges (2025)
| Fee Type | Details |
|---|---|
| Interest Rate | 10.99% – 24% p.a. |
| Processing Fee | Up to 2.5% + GST |
| Prepayment Charges | 4% after 12 months |
| Late Payment | 3% p.m. on overdue EMI |
| Documentation | ₹500 (approx.) |
Pro Tip: Maintain a CIBIL score above 750 to secure a rate below 12%.
🧮 Example: EMI for ₹5 Lakh Loan
| Loan Amount | Tenure | Interest Rate | Monthly EMI |
|---|---|---|---|
| ₹5 Lakh | 2 years | 11.5% | ₹23,440 |
| ₹10 Lakh | 4 years | 12.0% | ₹26,330 |
| ₹20 Lakh | 6 years | 13.0% | ₹38,990 |
Use the Kotak Personal Loan EMI Calculator on the official website to check accurate EMI based on your tenure and rate.
📱 How to Apply Online (Step-by-Step)
✅ Step 1: Visit the Official Website
Go to https://www.kotak.com → Personal Loans.
✅ Step 2: Click “Apply Now”
Choose Personal Loan and click Apply Now.
✅ Step 3: Fill in Details
Enter your name, mobile number, PAN, income, city, and employment type.
✅ Step 4: Check Eligibility
Kotak instantly checks your eligibility and shows your loan offer & limit.
✅ Step 5: Upload Documents
Upload Aadhaar, PAN, salary slips, and bank statements online.
✅ Step 6: Verify & Approve
Kotak verifies your KYC and income; if approved, you receive the loan sanction.
✅ Step 7: Disbursal
Funds are credited directly to your bank account — often within 24 hours for existing customers.
🌟 Benefits of Kotak Mahindra Personal Loan
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💸 Instant Online Approval via digital KYC
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📄 No Collateral or Guarantor Required
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🕒 Quick Disbursal (within 24 hrs for Kotak users)
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🔄 Flexible Tenure up to 6 years
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📱 100% Online Application & Tracking
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💳 Special Offers for Kotak Salary Account Holders
⚠️ Important Tips
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Check your CIBIL score before applying.
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Compare offers on Kotak vs HDFC vs ICICI to get the lowest EMI.
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Never apply on third-party websites; use only the official Kotak portal.
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Read terms for prepayment and foreclosure carefully.
❓ FAQs
1. What is the maximum personal loan amount from Kotak Bank?
Up to ₹40 lakh, depending on income and credit score.
2. Can I get a Kotak personal loan without salary slip?
Pre-approved customers may; others need proof of income.
3. How long does approval take?
Instant for existing customers, 1–2 working days for new ones.
4. Is there any pre-closure charge?
Yes, 4% of the outstanding principal after 12 EMIs.
5. How do I check loan status?
Track it anytime on the Kotak website or Kotak App using your reference number.
