Personal loan in Ahmedabad @10.99%* Rate - Apply Online Instantly
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Frequently Asked Questions

What is Kotak Mahindra Bank's Personal Loan Interest Rate in Ahmedabad?

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.99% per annum. In some cases, however, it can be charged at 10.99% per annum. For Kotak bank account holders attractive benefits, discounts and offers are available on personal loan. Furthermore, if the applicant already has another personal loan with a different bank, they can opt for a personal loan balance transfer to avail lower rates of interest with Kotak Bank and consolidate their debts.

How to get a personal loan balance transfer from Kotak Mahindra Bank in Ahmedabad?

Juggling through high interest rates on personal loans can put a strain on one’s financial flow. Opting for a personal loan balance transfer when you have an ongoing loan with a different bank helps you reduce your debt burden. With lowest interest rates at Kotak Mahindra Bank, our applicants can avail the ease of a hassle free documentation - verification process alongside flexible loan repayment options. Here’s what you need to do to opt for personal loan balance transfer:

Speak to a Kotak Expert -

  • Dial our digits to reach out to Kotak experts to initiate the process.


Clear the Eligibility Criteria -

  • Graduate with 1 year work experience
  • Living in Ahmedabad for 1 year
  • Minimum net salary of Rs. 20,000/- per month

Documentation -

To get the transfer process started, you will be required to submit the following

documents to the bank:

  • Proof of identity
  • Proof of residence
  • 3 months’ bank statement
  • 3 months’ salary slips
  • 3 passport-sized photographs

Who can avail of a Personal Loan in Ahmedabad?

Applicants should be:

  • Indian residents between the ages of 21 and 58 years
  • Living in Ahmedabad for at least one year
  • Graduate individuals employed with either MNC, public or private limited company for at least one year
  • Salary-based criteria:

    Corporate Salary (Salary with Kotak): Rs. 25,000/- per month

    Non-Corporate Salary (Salary with other banks): Rs. 30,000/- per month

    Kotak Employees: Rs. 20,000/- per month

Why should you choose Kotak Bank's Personal Loan in Ahmedabad?

Lowest interest rates, quick loan approvals, hassle-free documentation, flexible usage and part prepayment facility are some of the reasons to borrow a personal loan in Ahmedabad from Kotak Mahindra Bank.

What are the documents required for availing a Personal Loan in Ahmedabad?

Kotak Mahindra Bank requires the borrowers to provide the bank with minimal documentation. All you need to submit is one photograph, proof of identity, residence, signature, ownership and age and details about your bank account and income.

How do I calculate Personal Loan EMIs?

The Personal Loan EMI calculator on the Kotak website can help you find out how much EMI you may need to pay against a given loan amount. You can try out various permutations and combinations to find out the best rate possible. A Kotak expert can also guide you through this process.

How much can I borrow when I apply for a personal loan in Ahmedabad?

Kotak Mahindra bank provides personal loans in Ahmedabad from Rs. 50,000 and the amount can go up to Rs. 40 lakhs. The interest rates are also quite attractive, starting from 10.99% per annum. So, a lot of your financial needs can be covered with a personal loan in Ahmedabad from Kotak Mahindra Bank.


Of course, the personal loan amount you are allowed to borrow depends on your personal loan eligibility. Personal loan eligibility is mainly determined by your monthly income and credit record, that is your credit history and credit score. Other factors like age and location also matter. Quick and easy tools like our personal loan eligibility calculator can help you find the loan amount you can borrow even before you apply. Furthermore, it is possible to improve your personal loan eligibility. All you have to do is increase your monthly income and improve your credit record. 

How long does it take to get personal loan in Ahmedabad?

A personal loan in Ahmedabad can be available to you in as less as 3 seconds when you borrow from Kotak Mahindra Bank. For such quick disbursement, you should ensure providing all the required details and documents at the time of application. The loan application and approval process with Kotak Mahindra Bank is easy, quick and hassle-free.

Simply visit the website of Kotak Mahindra Bank to get a personal loan in Ahmedabad. Apply online from the application page itself. Before you proceed with the application, it is advisable that you check your personal loan eligibility as your final loan amount depends on that. Kotak Mahindra Bank provides a fast and simple calculator for this. Once you have applied for a personal loan in Ahmedabad at Kotak Mahindra Bank, you can even track the personal loan application status.