Personal Loan in Kerala

Woven with the fabric of history and ancient trade stories, Kerala is a beautiful hub of multiple cultures. Filled with abundance, this state’s natural bounties make it a crowd puller; a place where you can find a fisherman with big dreams and even a corporate professional stitching the next massive idea. Right from its dominant literacy rate to being the state with the highest development index, Kerala is where you can have the best of both worlds. But given the dynamic nature of this state, the cost of living here keeps rising. Which is why, it's crucial to have a trustworthy financial partner along the route.


With Low Interest Personal Loans offered by Kotak Mahindra Bank in Kerala, your journey of personal finance can be smooth sailing. Be it a wedding, home renovation, medical bills, foreign trip, or any other expense, our easy to avail, quick, and low-documentation personal loans help you meet all your personal finance needs. All you have to do is check your eligibility for a personal loan in Kerala, submit the required documents and get an easy personal loan without having to cut back on your lifestyle in this paradise called Kerala.


Benefits of Kotak Mahindra Bank’s Personal Loan in Kerala


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 Kerala, 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 Kerala 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 Kerala



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 Kerala?

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 Kerala?

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 Kerala 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 Kerala?

Applicants should be:

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

 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 Kerala from Kotak Mahindra Bank. 

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

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 Kerala?

If you are looking for a personal loan in Kerala then Kotak Mahindra Bank has the best personal loan options available for you. With interest rates starting from 10.25 % per annum, Kotak Mahindra Bank provides the borrowers with personal loans from Rs. 50,000 to Rs. 25 lakhs. Thus, depending upon your financial need and personal loan eligibility, you can avail of Kotak Mahindra Bank’s personal loans to fill the financial gap. Many of your needs, including emergencies can be taken care of with a personal loan in Kerala.


Remember that the personal loan amount you can borrow depends upon your personal loan eligibility. Further, your eligibility is calculated based on factors like monthly income and credit record. Your age, job type and location, your employer’s records and history are some other factors that decide the eligibility. Easily determine your personal loan eligibility with our personal loan eligibility calculator

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

Personal loans from Kotak Mahindra Bank are easy, quick and hassle-free. Thanks to our simple and user-friendly loan application and approval process, borrowing a personal loan in Kerala is quite convenient. The funds can be disbursed to the borrower’s bank account in as less as 3 seconds with a fast online application and appropriate documentation. 

To get a personal loan in Kerala, visit Kotak Mahindra Bank’s website. On the website go to the loan application page and apply for a personal loan in simple steps. Fill in your application form online to begin with. If you have provided the correct details and documents are also submitted correctly, the loan amount will be instantly approved. Ensure that you provide all the necessary information and documents so that the approval process is smooth.

Checking your eligibility before applying and tracking your personal loan application status is  easy with Kotak Mahindra Bank.