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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 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.

Can I apply for a small personal loan online?

Since it requires no collateral, you can apply for a small loan through a simple online process. Please remember that, we only offer personal loans to salaried individuals.

Please do keep in mind that certain institutions only offer personal loan to salaried individuals.