small personal loan

Small Personal Loan

A small personal loan helps you bridge the gap when you are falling slightly short of cash. Kotak Mahindra Bank’s Small Loan provides you with loan amounts as less as Rs. 50,000. So when you need that extra cash to fund your next vacation or attend to a medical emergency, a small loan finance can be of great help.

How to Apply for Small Personal Loan

Kotak Mahindra Bank’s Small Personal Loan is easy to avail. To apply for small loan online you can follow these simple steps:

  • Visit Kotak Mahindra Bank’s website
  • Go to Personal Loans section
  • Click on “Apply Now” tab
  • Fill the Application Form and click “Submit”

Apply for a small loan now!

Benefits of Small Personal Loan

Kotak Mahindra Bank offers a personal loan with many attractive benefits:


For a small loan, apply now!

Difference between basic and small loans

Small personal loan differs from basic personal loan in some ways: 

Higher loan amounts, upto Rs. 25 lakhs Lower loan amounts, starting from Rs. 50,000
Foreclosures are possible Foreclosures are not always allowed
Higher interest rate Lower interest rate
Longer repayment tenures upto 5 years Shorter repayment tenures starting from 1 year
Papers must be submitted Paperless approvals are possible



Personal Loan Guide

General questions regarding Small Personal Loans

Who is eligible for small personal loans?

The applicant must meet the following basic personal loan eligibility requirements:

- Age: 21 to 60 years

- Work Experience: 1 year minimum

- Employed at: MNC/Public Limited Company/Private Limited Company

Are there any processing fees to apply for a small loan online from Kotak Mahindra Bank?

Yes. Kotak Mahindra Bank charges a processing fee of 2.5% of the loan amount plus GST. Apart from the processing fees, there are other personal loan fees and charges

How much can I borrow through a small amount of personal loan?

Kotak Mahindra Bank’s Small Personal Loans start from as less as Rs. 50,000. You can borrow Kotak’s Small Personal Loan to fulfill various financial needs like funding a vacation.

What is the current interest rate for a short loan?

Kotak Mahindra Bank offers a reasonable personal loan interest rate on short loans to our borrowers, that is, starting from 10.99% per annum.

Ready to take the next step?


Frequently Asked Questions

What are the documents required for availing a small personal Loan online?

Documents required for personal loan:

- Identity: PAN/Passport/Aadhaar/Voter’s ID Card/Driving License

- Residence: Passport/Utility Bills/Leave and License Agreement

- Income: Last 3 months’ Bank Statements/Salary Slips

What is the criteria for availing a small loan for students?

Small loan eligibility for students:

- Must be Indian citizens

- No age restriction

- Minors to apply with a co-applicant above 21 years of age

- Enrolment for eligible courses only

What is the minimum credit score required for getting a Small Loan finance?

Kotak Mahindra Bank provides Small Loan Finance to applicants with a credit score of 700 and above. A higher credit score solidifies your chances of getting the small personal loan.

Can a person with a low salary apply for a small loan?

Minimum income requirement to avail a small loan from Kotak Mahindra Bank is:

Corp Salary Borrowers: Rs. 25,000

Non-corp Salary Borrowers: Rs. 30,000

Kotak Employees: Rs. 20,000

How can we calculate EMIs on a small loan online?

Calculate your EMIs using Kotak’s Personal Loan EMI Calculator. Enter the following details:

- Loan Amount

- Loan Tenure

- Preferred Interest Rate

The calculator displays monthly EMIs, interest and total amount payable.

What is the processing time for availing a small loan from Kotak Mahindra Bank?

Kotak Mahindra Bank’s convenient processes are fast and help you to get an in-principle approval in as less as 3 seconds. Disbursement is also quick if your documentation is appropriate.

What is the repayment tenure of a mini loan?

Kotak Bank provides a personal loan tenure starting from 12 months and it goes upto 60 months. Depending on the loan amount and repayment capacity, the repayment tenure is decided.