Get an instant Kotak Mid-Month Advance with your
Kotak salary account

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Credit is at the sole discretion of Kotak Mahindra Bank basis approved risk policy
Kotak Mid-Month Advance is one of a kind loans available in India at attractive interest rates of 10% per annum! Below is the full list of fees and charges:
Heads | Charges |
---|---|
Interest rate |
10% per annum |
Loan Processing Fees |
Up to 6% of the final loan amount plus applicable taxes. Will be deducted from the loan amount at the time of disbursal |
Stamping Charges |
Applicable as per the respective State's Stamp Act |
Penal charges on Overdue EMI |
Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum plus applicable taxes (to be charged for actual no. of days) on overdue amount |
Bounce charges |
Rs.750 per instance (Inclusive of applicable taxes) |
* Fees and charges mentioned above are subject to change from time to time.
Kotak Mid-Month Advance is available to pre-approved existing Kotak customers. You can apply for a Kotak Mid-Month Advance immediately by logging into the Kotak Mobile Banking app or Net Banking.
Kotak Mid-Month Advance is a one-month term loan, pre-approved at 50% of your net in-hand salary. Get instant disbursement without any paperwork.
Kotak Mid-Month Advance offers you a maximum loan amount of Rs.1.5 lakh.