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.
 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?
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 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. |
Click on ‘Apply Now’ on KMBL’s Personal Loan home page to access the online application form
Enter your full name, date of birth, residence location, income, etc. These details would be used for calculating your eligibility
Provide a few additional details to get an In-Principle approval letter from the bank. These details include your mobile number and other information as needed to process your application
Next, select the loan amount and tenure. Based on your eligibility parameters, the personal loan interest rate would be determined. Confirm these details and complete the application
 Marriage 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. |
 Travel 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. |
Debt consolidation
Why manage multiple loans when you can consolidate them into one? Opt for a personal loan to pay off your existing debts and convert your many loans into one. You can also choose a personal loan balance transfer to transfer an existing loan to Kotak Mahindra Bank for lower interest rates.
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.
Kotak Mahindra Bank allows personal loans up to Rs.20 lakhs.
The in-principle approval for the personal loan is offered instantly by Kotak Mahindra Bank when you provide the details that the bank requires.
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 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.
Kotak Mahindra Bank’s personal loan is available within the shortest possible time, and the documentation is minimal and hassle-free.
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
Kotak Mahindra Bank offers personal loans for wedding travel, medical needs, education, vehicle buying, debt consolidation, etc.