Personal Loan - Apply Instant Personal Loan @ 10.99% | Up to Rs. 40 Lakh
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Apply for Personal Loan - Kotak Bank

Get a Personal Loan of up to Rs. 5 lakh instantly*

Loan Amount
Interest Rate (% P.A.)
Tenure (Years)

Personal Loan: An easy and quick way to fulfill your financial aspirations

Personal loan caters to fulfilling the borrower’s needs, such as home renovation, wedding or attending any immediate funds requirement.

Features and Benefits of Personal Loan

Avail Instant, Online Personal Loan of Rs. 5 lakhs

A simple 3-step online application process gets you the money you need, in no time!


Step 1: Application

Apply, by sharing your basic personal and financial details for an eligibility check


Step 2: Customized Offer

Get your Personal Offer, by providing/authenticating bank statement and getting your email id verified


Step 3: Personal Loan Disbursal

Online disbursal, by e-signing the loan agreement and setting up auto-repayment mode

For a quick loan application process and disbursal, keep these documents handy: PAN Card, Aadhaar Card & Last 3 months bank statements of salary account or net banking credentials. 

You can also apply for a personal loan of up to Rs. 40 lakhs with few additional steps and documentation at low interest rates and with flexible repayment options.

Important Considerations:

*Terms and conditions apply. Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. For loan above Rs. 5 lakhs will take up to 48 hours for disbursement with additional documentation.

Quick & Easy In-principle sanction through Chat

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Personal Loan EMI calculator

Personal loan EMI Calculator is a tool to help you calculate the monthly installment.

How To Apply For A Personal Loan

● Click on ‘Apply Now’ at Kotak Bank’s homepage

● Enter your details to check eligibility

● Fill in some additional details to get In-Principal approval letter from the bank

● Select loan amount and tenure

● Submit documents

● Opt for digital(Aadhar OTP-based) agreement authentication

Documents Required For A Personal Loan

  • Identity Proof
  • Address Proof
  • Income Proof
  • KYC can be completed online either via video mode with an Aadhar Card or using biometrics or Aadhar OTP

Ready to take the next step?


Frequently Asked Questions

What is a personal loan?

A personal loan is a multipurpose loan that allows funds for varied financial uses.

The loan is unsecured and has an easy application process to avail of the funds efficiently.

How much instant personal loan can I get?

Various bank lenders provide you with a different range of personal loan amounts.

At Kotak Mahindra Bank, we provide instant personal loans anywhere from Rs. 50,000 to Rs. 40 lakhs. That too, at attractive interest rates starting from as low as 10.99% per annum. You can also enjoy a flexible tenure from 1 year to 5 years, allowing you to repay the loan comfortably.

Instant personal loans from Kotak Mahindra Bank can fulfill a wide range of your financial needs. We provide our borrowers with marriage loanstravel loans, loans for home renovation and medical loans to attend to emergencies. Upon application, if all your documentation is in place and you also meet the eligibility requirements, your loan can be disbursed in as less as 3 seconds.

How do I check the status of my personal loan?

You can visit Kotak Mahindra Bank’s website and, under the “Service Request’ tab, you can check the status of your personal loan.

Why getting a personal loan is a good idea?

A personal loan is an unsecured loan, so it requires no collateral in exchange.

The lender bank verifies the borrower’s creditworthiness to provide them with such loans. So, if you have a good credit score, then a personal loan can be your friend in need.

You can use a personal loan for a wide range of financial needs. Kotak Mahindra Bank lends personal loans for weddings, home renovations, travel and medical emergencies to name a few.

Kotak Mahindra Bank’s personal loan amounts range from Rs. 50,000 to Rs. 40 lakhs, with a flexible tenure of 1 to 5 years and an attractive interest rate starting from 10.99% per annum. That covers many of your financial needs and even allows you to repay the loan amount comfortably.

Apart from all these, Kotak Mahindra Bank offers efficient customer service, an easy application and document process and a quick loan disbursement.

How much time will it take for my personal loan to be approved?

At Kotak Mahindra Bank we have a fast personal loan application process.

The approval process is also quick. If you meet the eligibility criteria and submit all the required documents, then you can expect the approval on your personal loan application in as less as 48 hours. Our online application process allows quick disbursements, in just 3 seconds. You can even track your application status on the Kotak Bank website.

For quick approvals, make sure you go through the eligibility parameters and documentation list. Kotak Mahindra Bank has a simple eligibility requirement. Individuals in the age group of 21 and 60 years can apply. They must be graduates with at least one-year employment. Kotak Mahindra Bank expects a minimum documentation from the borrowers. You need to submit documents like application form, your photographs, proof of identity and residence, to name a few.

Do I need to provide any security or collateral to apply for a personal loan?

No. You need not provide any security or collateral to apply for a personal loan, because it is an unsecured type of loan.

The lender will determine the borrower’s creditworthiness and then provide them with a personal loan.

You can improve your creditworthiness in various ways if you are planning to apply for a personal loan. Maintaining a good credit score is essential. Your credit history and credit score reflect your repayment ability. If the lender bank is convinced about your capacity to fully repay the loan, then they will lend you the necessary funds.

Kotak Mahindra Bank provides personal loans for various reasons like weddings, travel, renovations and medical emergencies depending on your needs. You can avail of a personal loan from us at attractive interest rates and for flexible tenures. Find out more about borrowing a personal loan from Kotak Mahindra Bank and fulfill all your financial needs.


What can a personal loan be used for?

Personal loan requires no collateral, and that’s why it is an unsecured loan. 

It can be used to fulfill many of your day-to-day as well as emergency needs. Kotak Mahindra Bank provides the borrowers with loan amounts from Rs. 50,000 to Rs. 40 lakhs. So, whether your expenses are small or big, our personal loan can come in handy at the time of your need. You can plan that dream wedding with the help of Kotak Bank’s marriage loan. Or use our travel loan to rejuvenate at your favourite holiday destination. Renovate your home and transform your living space with a home renovation loan from Kotak Mahindra Bank. You can even take care of unplanned expenses such as medical emergencies with Kotak’s medical emergency loans. No need to dip into your hard-earned savings to meet your financial needs.

How is the Personal Loan interest rate calculated?

Personal Loan interest rate is the amount a lender charges you every month for borrowing money from them.

You can easily calculate Personal Loan interest rate using a Personal Loan calculator. You can easily calculate Personal Loan Interest Rate using a Personal Loan Calculator.

Does a personal loan affect your credit score?

A personal loan can impact your CIBIL score for personal loan either negatively or positively.

If taken while already in debt, it can have a negative impact. At the same time, its timely repayment will boost your overall score. If taken while already in debt, it can have a negative impact, while its timely repayment will boost your overall score.

What are the benefits of availing of a personal loan from Kotak Mahindra Bank?

Kotak Mahindra Bank’s personal loan is available within the shortest possible time, and the documentation is minimal and hassle-free.

Interest rates start from 10.99% p.a., and the personal loan charges are also low. You can use the personal loan EMI calculator to make the loan affordable. Moreover, the prepayment facility helps you reduce the loan burden whenever you have additional funds.