Kotak Mahindra Bank STUDENT Personal Loan

Kotak Mahindra Bank provides personal loans of up to Rs 25 lakh @ 10.99% p.a. onwards for tenures of up to 5 years. It offers quick loan disbursal, part-prepayment facility and simplified documentation for salaried borrowers. Kotak Mahindra Bank also offers instant personal loan facility in top commercial and metropolitan cities of India. Read on to know more about Kotak Personal Loan.

Kotak Mahindra Bank Personal Loan Highlights
Interest Rate 10.99% p.a. onwards
Loan Amount From Rs 50,000 – Rs 25,00,000
Tenure 1-5 years
Processing Fees Up to 3% of loan amount
Minimum Monthly Income
  • For Corporate Borrowers- Rs 25,000
  • For Non-corporate Salary Borrowers- Rs 30,000
  • Employee of Kotak Mahindra Bank- Rs 20,000


Kotak Mahindra Bank Personal Loan Interest Rates

Kotak Bank Personal Loan interest rates start from 10.99% p.a. onwards. While the bank has not disclosed the differential interest rates for its personal loan applicants based on credit-score, occupation, income or other parameters, lenders usually consider monthly income, job profile, employer’s profile, credit score, etc. of their loan applicants for setting their personal loan interest rates.


Types of Kotak Mahindra Bank Personal Loans

Personal Loan for Marriage

  • Purpose: Kotak Marriage Loan is offered for meeting the financial requirements for wedding including engagement ring, dream honeymoon, etc.
  • Loan Amount: Up to Rs 25 lakh
  • Tenure: 1 to 5 years

Personal Loan for Travel

  • Purpose: To meet the financial requirements for travel including airfares, tours, accommodation, travel accessories, etc.
  • Loan Amount: Rs 50,000- 25 lakh
  • Tenure: 1 to 5 years

Medical Loan

  • Purpose: Medical loan finances unexpected medical emergencies or treatment
  • For unexpected medical emergencies or treatment
  • Loan Amount: Rs 50,000- 25 lakh

Personal Loan for Home Renovation

    • Purpose: Collateral free loans for renovation related expenses including the cost of contractors, interior designers, raw material purchase, etc.
    • Loan Amount: Up to Rs 25 lakhs
    • Tenure: Up to 5 years



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