Personal Loan - Apply Personal Loan Online at Low Interest Rates - Kotak Mahindra Bank

Personal Loan

Need funds for a personal or commercial requirement? Personal loans can be the ideal solution. Kotak Mahindra Bank’s personal loans give you instant funds for any financial need that you may have. Whether you want to go on a vacation or plan a marriage or pay for emergency medical costs, Kotak Mahindra’s instant personal loan can come to your aid.

Get loans up to Rs.25 lakhs and that too without any collateral. The interest rate starts at 10.25% per annum (“p.a.”). The documentation is simple to get funds at the earliest.

Benefits of Kotak Bank's Personal Loan


Optimal quantum

Kotak Mahindra Bank allows loans ranging from Rs.50,000/- (Rupees Fifty Thousand Only) upto Rs.25,00,000/- (Rupees Twenty Five Lakhs Only). So, whatever your financial needs, you can avail of an optimal quantum of loan.


Flexible repayment

The repayment tenure ranges between 12 and 60 months. You can choose a suitable tenure to repay the loan which is affordable to you. What’s more, you can also prepay a part of the loan if you have surplus funds at your disposal during the tenure of the loan.


Collateral-free loans

You don’t have to pledge any collateral security to avail of KMBL’s personal loan. The loan is unsecured and is issued based on your income and other personal loan eligibility parameters.


Affordable interest rates

The loan interest rates start at 10.25% p.a. only. Affordable, isn’t it?



Easy application and documentation

Applying for Kotak Mahindra Bank’s instant personal loan is simple, and the documents required for a personal loan are minimal too. You can get an instant in-principal approval and get the loan sanctioned within 3 seconds.

How to apply for a personal loan?

Applying for a personal loan has been simplified with the online process. Here’s how you can apply for a personal loan online-


Quick & Easy In-principle sanction through Chat

Apply Now

Kotak Personal loan - a loan for all your needs

You can avail yourself of Kotak Mahindra Bank’s personal loan for multiple financial needs. KMBL’s instant personal loan can fulfil the following types of needs.


Plan a grand wedding and get the best marriage loan to meet the expenses.


Home renovation

Upgrade your home as per your tastes and preferences. A home renovation loan is available to meet the costs.



Are you planning to go on a family vacation? Don’t worry about the funds, as KMBL’s travel loan is there for you.


Buying a vehicle

Ease your commuting experience by investing in a bike or a car with KMBL’s instant personal loan.


Medical expenses

Emergency medical emergencies can be financially taxing. Not when you can avail of a medical loan to pay for the treatments and hospitalisation.


Higher education

If you or your child want to pursue higher education, you can use a personal loan to pay for the expenses.

General questions and answers on personal loan

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.

What is the maximum personal loan that I can get?

Kotak Mahindra Bank allows personal loans up to Rs.20 lakhs.

How long does it take for personal loan approval?

The in-principle approval for the personal loan is offered instantly by Kotak Mahindra Bank when you provide the details that the bank requires.

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.



Personal Loan Guide

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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. 25 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.

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 10.75% 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.

How can I apply for a personal loan?

Kotak Mahindra Bank ensures an easy and convenient personal loan application process. For an online application all you need to do is provide us with your basic details, check your eligibility to borrow a loan from Kotak Mahindra Bank and finally, submit the mandatory documents. 

To provide your basic details, visit the personal loan section on Kotak Mahindra Bank’s website and click on “Apply Now”. You will be redirected to the Application Form where you have to fill in the required information.


Kotak Mahindra Bank’s simple eligibility criteria makes it easy for availing a personal loan from us. Individuals between the ages of 21 and 60 years and employed at least for one year can apply for Kotak’s personal loan. Apart from that a graduation degree and a minimum salary bracket are other eligibility parameters. 

You can visit the eligibility section to find out more about factors affecting your personal loan eligibility

What are the different types of personal loans?

Kotak Mahindra Bank offers personal loans for wedding travel, medical needs, education, vehicle buying, debt consolidation, etc. 

Can I get a personal loan if I have a home loan?

Yes, you can get a personal loan even if you have a home loan. You just need to mention the existing loan details and the EMI. You can also opt for top-up home loans, which are like personal loans.