Small Loans
Now take care of your smallest financial needs with Kotak Mahindra Bank’s Small Loans

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Now take care of your smallest financial needs with Kotak Mahindra Bank’s Small Loans
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.
Kotak Mahindra Bank’s Small Personal Loan is easy to avail. To apply for small loan online you can follow these simple steps:
Apply for a small loan now!
Kotak Mahindra Bank offers a personal loan with many attractive benefits:
No need to pledge any collateral
Smooth banking experience with convenient processes
Enjoy convenient loan tenures
Our small loan interest rate starts at 10.99% p.a.
For a small loan, apply now!
Small personal loan differs from basic personal loan in some ways:
BASIC LOANS | SMALL LOANS |
---|---|
Higher loan amounts, upto Rs. 40 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 |
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
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
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.
Kotak Mahindra Bank offers a reasonable personal loan interest rate on short loans to our borrowers, that is, starting from 10.99% per annum.
Guide to better personal finance
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
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
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.
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
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.
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.