Kotak Bank Personal Loan Interest Rates

The personal loans offered by Kotak Bank provides the customer with an efficient way of availing credit options where he/she can use it to plan a vacation, deal with unexpected expenses, pay the college education fees and more. Kotak Bank personal loans can help you make the best out of the worst situation as these loans can be easily availed with low waiting periods and minimum documentation requirements.

The salaried individuals can easily apply for a personal loan from Kotak Bank following the eligibility criteria.

  • Based on the Repo Rate set by the RBI, the personal loan interest rates are offered.
  • The interest rates on personal loan offered by Kotak Bank are fixed and act competitively in the market.
  • Kotak Bank doesn’t ask for any kind of collateral or a guarantor for availing the personal loan, and on the other hand, the interest rates will not be affected due to this.
  • Kotak Bank will go through a thorough review on your credit score, your monthly income, and your loan repayment capacity before setting the loan amount and the rate of interest.
Interest rates on persona loan set by Kotak Bank as per 2017:



Rate of interest

11.5% per annum to 24% per annum

Loan Amount availed

Maximum loan amount: Rs.15 lakhs

Minimum loan amount: Rs.50000/-

Holding Period

1 year to 5 years

EMI (lowest)

Rs.1100/- (applicable for the maximum tenure of the lowest loan amount)

Processing charges

Applicable GST + 2% of the loan amount


Minimum age: 21 years

Maximum age: 58 years

Prepayment fees

Mortgage lock period is for one year. GST on outstanding principal amount + 5% foreclosure charges after one year.

Foreclosure fees

GST on outstanding principal amount + 5% foreclosure charges

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