Marginal Cost of Funds based Lending Rate

 

Rupee Floating Rate personal loans, retail loans and loans to Micro and Small Enterprises [MSE] - sanctioned and / or renewed on or after October 1, 2019, will be linked to the RBI Policy Repo Rate. Other Rupee Floating rate loans [excluding exceptions permitted by RBI]  will, at the discretion of the Bank, be linked to either internal benchmark rate/s [K-MCLRs] or the RBI policy repo rate. 

Base Rate

  • Base Rate of Kotak Mahindra Bank Ltd with effect from September 14, 2018 : 9.20%
  • The 'Benchmark PLR' of Kotak Mahindra Bank Ltd with effect from September 14, 2018 : 17.95%