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

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

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 Hyderabad?

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 Hyderabad 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 Hyderabad?

Applicants should be:

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

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 Hyderabad from Kotak Mahindra Bank.

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

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 Hyderabad?

Kotak Mahindra Bank provides you with the best personal loan in Hyderabad. Cover a wide variety of your financial needs with Kotak Mahindra Bank’s affordable, fast and easy personal loans in Hyderabad. The loan amount starts from as less as Rs. 50,000 to as high as Rs. 40 lakhs. So, you can borrow any amount between 50 thousand and 40 lakh rupees based on your monetary requirement and eligibility.


Personal loan eligibility is an important factor that determines the personal loan amount you are allowed to borrow. Your monthly income, credit history and credit score, age, job type and location, employer’s history etc are taken into consideration while calculating your personal loan eligibility. Personal loan eligibility calculator available on Kotak Mahindra Bank's website is a tool that’s quick and easy to use. So, before you apply for a personal loan in Hyderabad, remember to calculate your personal loan eligibility. 

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

Kotak Mahindra Bank provides instant personal loans in Hyderabad for borrowers. So much so, that your funds can be transferred to your bank account in just 3 seconds.

Borrowers can experience a hassle-free loan application and a quick loan approval process. All you need to do is ensure you provide the bank with the necessary details. So, remember to fill all the required information in your online application form and submit the required documents. That’s it, your loan application can get approved instantly if all the requirements are fulfilled. 

Kotak Mahindra Bank also provides an online eligibility calculator, so, you can check your personal loan eligibility online. It is best to calculate eligibility prior to loan application and find out the loan amount you can borrow. You can also easily track your personal loan application status here.