Personal Loan Interest Rates

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Get a step closer to fulfilling your dreams by availing our personal loans and meet your financial needs at attractive interest rates.


Personal loan can help you meet unexpected expenses such as wedding expenditure, school or college fees, dream vacations, home renovation projects or even for the purchase of consumer durables. Applying for a personal loan is a lot easier, quick, and convenient with Kotak Mahindra Bank.


You can also apply for a personal loan online and get instant solution to all your immediate financial needs.  Read on to know more on how to get a personal loan in the most hassle-free manner

Fees and Charges

Personal Loan Interest rates and charges -

Pay low interest on personal loans and also benefit from our flexible repayment options. For more information on fees and charges refer the table below.

General Schedule of Features and Charges for Loan

LoanBusiness LoanPersonal Loan
Interest Rate-11.5% to 24%
Loan Processing ChargesUpto 3% of Loan amountUpto 2% of the loan amount+ service tax and other applicable statutory levies
Documentation ChargesUpto Rs. 5000-
Stamping ChargesApplicable as per the respective State's Stamp ActApplicable as per the respective State's Stamp Act
Credit Administration Charges--
Credit Appraisal Charges-Upto 5% of the Loan amount, not exceeding Rs. 7500(inclusive of service tax)
Commitment Charges--
Overdue Interest3% of Overdue Amount, compounded monthly3% of Overdue Amount, compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment
Collection Charges30% of penal and cheque bouncing charges30%(inclusive of service tax and other applicable statutory levies)of cheque/instrument dishonour charges+overdue interest
Dishonour Charges per Instance Rs. 750.00 Rs. 750.00 per instance(inclusive of service tax and other applicable statutory levies)
Swap Charges( Replacement of PDCs)Upto Rs. 500 per Swap per InstanceUpto Rs. 500 per Swap per Instance+ service tax and other applicable statutory levies
Prepayment Interest / Forclosure ChargesLock in period till payment of first 6(six) monthly instalment fully. Post 6 EMIs, 5% of foreclosure Loan Amount (plus Service Tax and other applicable statutory levies)Lock in period for 12 months. After 12 months, 5% foreclosure charges + service tax on principal outstanding
Duplicate Issue of NOC Rs. 500/- Rs. 500 + service tax and other applicable statutory levies per instance
Solvency Certificate Rs. 10000/- 
No Due CertificateNIL Rs. 500 + service tax and other applicable statutory levies per instance
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant. Rs. 50/- Rs. 50 + service tax and other applicable statutory levies per instance
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)Once yearly without any charge. Post that Rs. 250 per request.Once yearly without any charge. Post that Rs. 250 per request+ service tax and other applicable statutory levies
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