Personal Loan in Chennai

Meet Chennai, a confluence of culture, education and growing economy. Home to the rich heritage of the South, and an attractive locale for the foreigners, this health capital of India is known for the perfect amalgamation of traditional working systems and modern technology. With the bubbling energy of Tamil cinema on one hand, and domination of the country's one third automobile industry on the other, this city of invaluable offerings has something for everyone. However, the cost of living in this beta-level city is on the higher end and could put a strain on your personal finances.


Which is why, Kotak Mahindra Bank is here to make the process less cumbersome for you as it offers Low Interest Personal Loans in Chennai. Meet your personal finance requirements like home makeover, a vacation of your dreams, wedding costs and expenses, clearing the pile of medical bills and much more by availing the personal loan by Kotak Mahindra Bank. The low documentation and quick process makes this journey convenient. All you have to do is check your eligibility for a personal loan in Chennai, submit the required documents and get an easy personal loan to sail through a comfortable life in Chennai.


Benefits of Kotak Mahindra Bank’s Personal Loan in Chennai


Meet your personal finance needs with Kotak Mahindra Bank’s personal loan. Kotak Mahindra Bank not only offers the lowest personal loan interest rate in Chennai, but also ensures an overall ease of process, that too from the comfort of your home.

Be it shedding more light on the procedure of applying for a loan, verifying personal loan eligibility criteria or helping you with the formalities, our Kotak experts are with you on every step.


In addition to this, here’s why a personal loan in Chennai from Kotak Mahindra Bank can prove to be your best choice.



Amazing benefits, discounts and offers available to Kotak Bank Customers on a personal loan.


  • Loan amounts ranging from Rs. 50,000/- (Rupees Fifty Thousand Only) to Rs. 20,00,000/- (Rupees Twenty Lakhs Only)
  • Instantly determined personal loan eligibility
  • Attractive personal loan interest rate
  • Flexible repayment options
  • Personal loan calculator to easily check the EMI amount
  • Hassle-free documentation process
  • Special interest rates and lower personal loan charges for employees of top companies

Uses of Personal Loan in Chennai



No need to dip into your savings or cut back on costs. Enjoy a wonderful and worry-free family event and let Kotak Mahindra Bank’s marriage loan take the monetary pressure off your shoulders.



Stop pushing the much-deserved family vacation and start making plans to spend quality time with your loved ones. Kotak Mahindra Bank offers travel loan to fund your vacations to exotic places and dream destinations.


Medical Emergency:

Whether it is a sudden hospitalization or an accident, you can take care of any medical emergency with a medical loan from Kotak Mahindra Bank. We’ve got your back on this one.


Home Renovation

Your home deserves an upgrade too. Repair, Renovate or Revamp your house with a home renovation loan from Kotak Mahindra Bank.



Personal Loan Guide

Ready to take the next step?


Frequently Asked Questions

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

Personal loan interest rate at Kotak Mahindra Bank starts at as less as 10.25% per annum. In some cases, however, it can be charged at 10.75% 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 Chennai?

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 Chennai 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 Chennai?

Applicants should be:

  • Indian residents between the ages of 21 and 58 years
  • Living in Chennai 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 Chennai?

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 Chennai from Kotak Mahindra Bank.

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

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 Chennai?

Get the best personal loan in Chennai from Kotak Mahindra Bank. The personal loan amount starts from Rs. 50,000 and can go upto as high as Rs. 25 lakhs. So, you are able to take care of a vast variety of your financial needs. However, before you apply for a personal loan in Chennai from Kotak Mahindra Bank, ensure that you determine your personal loan eligibility. Your personal loan amount depends on your eligibility.


Some important factors to consider when determining your personal loan eligibility: monthly income, credit history, credit score, age, job type, location, employer’s history. Our personal loan eligibility calculator helps to determine your personal loan eligibility. So, before applying for a personal loan you should ensure that you have checked your personal loan eligibility. If you don’t fit the criteria, then you can improve your eligibility by enhancing your credit record and increasing your monthly income.

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

Getting a personal loan in Chennai is now convenient, thanks to Kotak Mahindra Bank’s hassle-free and easy loan application process. The loan approval process is also quick, and the approved funds can be disbursed to your bank account in just 3 seconds. Kotak Mahindra Bank provides the borrowers with some of the best personal loans in Chennai for a variety of financial needs. To avoid any disappointment, be sure to submit all the details and mandatory documents.


Follow some simple application steps mentioned on Kotak Mahindra Bank’s website to get a personal loan in Chennai. Fill the online application form. For an instant loan approval, make sure the details and documents are correctly submitted. If you do this step right, your loan can be approved instantly. Pre-check the list of documents and your personal loan eligibility before applying for a personal loan in Chennai. Track your personal loan request, here.