Marginal Cost of Funds based Lending Rate

 

Please note that effective 1st July 2019, Interest rate on rupee loans referenced to K-MCLR will now be reset on the 16th day of the month in which they are due for re-pricing instead of the 1st day of the month. Other Terms & Conditions of sanction remain unchanged

The Bank will review and publish the K-MCLRs on a monthly basis.

W.e.f April 01, 2016, Interest Rate on all rupee loans sanctioned and credit limits renewed [other than exceptions permitted by RBI] will be priced with reference to the K-MCLRs

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%