Kotak Mahindra Bank Personal Loan Interest Rates

Highlights

  • Apply for a loan in Kotak at an interest rate of 10.75%
  • With the lowest interest rates enjoy the pocket-friendly EMIs

Kotak Mahindra Bank Personal Loan Interest Rates July 2022

Being an Indian private sector bank headquartered in Mumbai, Maharashtra, it would not be wrong to say that Kotak Mahindra Bank has created its own niche in the industry. The bank, with its various financial products such as Personal Loan, is best known for catering the multiple needs of the people in the best way. At present, the bank is offering the loan at an interest rate of 10.99%-20.99% per annum. If you want to know more about Kotak Bank personal loan interest rates, just take a look at the table below.

Apply Kotak Personal Loan @ 10.75%* Rate

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Product TypeTenureCriteriaSuper CAT ACAT ACAT BCAT C/Govt EmpCAT D
Fresh Loan CasesUpto 36 monthsNTH > 7500010.75%11.15%12.49%11.75%16.25%
NTH : 50000-7500010.75%11.49%13.49%13.25%16.99%
NTH : 35000-5000011.15%12.15%14.49%14.25%17.49%
NTH Less than 3500012.25%13.49%15.49%15.25%17.75%
Optimus PrimeUpto 36 monthsLoan Amount Less Than 20L10.75%10.75%10.75%10.75%10.75%
10 Lakhs - 19.99 Lakh10.99%10.99%11.49%11.29%11.99%
Processing Fee GridTenureSuper CAT ACAT ACAT BCAT C/Govt EmpCAT D
Fresh Loan CasesUpto 36 months1.49%1.49%1.99%1.99%2.25%
Loan cases exceeding INR 10 Lakh0.99%0.99%1.25%1.25%1.49%
Product TypeTenureCriteriaKotak Group EmployeeSuper CAT ACAT ACAT BCAT C/Govt EmpCAT D
Fresh Loan CasesMore Than 36 monthsNTH > 7500010.75%10.85%11.25%13.15%11.99%16.49%
NTH : 50000-7500010.75%10.99%11.75%14.25%13.39%17.25%
NTH : 35000-5000011.15%11.49%12.25%15.25%14.75%17.75%
NTH Less than 3500012.25%12.49%13.75%16.25%15.75%17.99%
Optimus PrimeMore Than 36 monthsLoan Amount Less Than 20L10.75%10.75%10.75%10.75%10.75%10.75%
10 Lakhs - 19.99 Lakh10.99%10.99%10.99%11.49%11.29%11.99%
Processing Fee GridTenureKotak Group EmployeeSuper CAT ACAT ACAT BCAT C/Govt EmpCAT D
Fresh Loan CasesMore Than 36 monthsINR 9991.49%1.49%1.99%1.99%2.25%
Loan cases exceeding INR 10 LakhINR 9990.99%0.99%1.25%1.25%1.49%
Super CAT A Company list
1ACCENTURE
2CAPGEMINI
3COGNIZANT
4HCL TECHNOLOGIES LTD
5IBM
6Infosys Ltd
7ORACLE INDIA
8TATA CONSULTANCY SERVICES
9TECH MAHINDRA LTD
10MIND TREE
11WIPRO LTD

Kotak Mahindra Bank Personal Loan Balance Transfer Rates

Now transferring your personal loan balance to Kotak Bank can fetch you lower rates. That’s right! If you transfer your existing PL to Kotak, you can enjoy the attractive interest rates as low as 11.65% per annum. The BT facility offered by the bank allows you to avail the personal loan at competitive rates. To know more about the same, just take a look at the table below.

 CategoryIncomeInterest Rate (in p.a.)Processing Fee
Balance Transfer and CIBIL WatchCAT A/B/C
  • NTH >=35K
  • NTH< 35K
  • 11.65%
  • 11.99%
  • INR 1,999
  • INR 1,999
CAT D
  • NTH >=35K
  • NTH < 35K


  • 13.05%
  • 15.05%
  • 1.49% of the loan amount
  • 1.49% of the loan amount

Kotak Mahindra Bank Personal Loan Contact Number

In case you want to get in touch with the customer care executives of the personal loan team at Kotak Mahindra Bank, you can dial 1860 266 2666 either from your mobile or landline. These experts with their friendly nature and experience give you proper support and guidance. They are always there to solve all your concerns, queries, complaints and ensure that you have a hassle-free personal loan journey.

Kotak Mahindra Bank Personal Loan Cibil Score

If you want to avail a personal loan from Kotak, it is important that you need to have a good CIBIL score. However, the minimum score required varies from bank to bank but generally a score of 700 or above out of 900 is considered to be good enough in grabbing the best deal. Thus, it is always advisable to maintain a fair credit score so that you can enjoy a hassle-free journey.

Kotak Mahindra Bank Personal Loan Status

In order to know the actual status of your Kotak personal loan, you just need to visit the official website of the bank. You simply need to enter the loan application number and click on the submit button. The moment you enter the credentials online, you can easily know whether your application has been accepted, rejected or pending. It is that simple and quick!

Frequently Asked Questions

1. What is the current Kotak Mahindra personal loan interest rate?

Kotak Mahindra Bank offers affordable personal loans at a reasonable interest rate starting from 10.25% p.a. However, the actual interest rate may differ depending upon your profile, income, CIBIL score, among other factors.

2. What is the interest rate of Kotak Mahindra personal loan 2022?

In 2022, Kotak Mahindra Bank offers personal loans with an affordable interest rate starting from 10.25% p.a.

3. What is the rate of interest of 3 lakh in Kotak Mahindra bank?

Kotak Mahindra Bank offers personal loans at interest rates starting from 10.25% p.a. and can range up to 17.99% p.a. However, the interest rates on an amount of INR 3 lakh can be influenced by your personal relations with the bank branch.

4. What is the interest of 7 lakh in Kotak Mahindra bank?

The Interest rates on a personal loan of INR 7 lakh by Kotak Mahindra Bank starts from 10.25% p.a. Your loan tenure would play an important role in determining your final rate of interest. 

5. What is the interest of 5 lakh in Kotak Mahindra bank?

You can avail a personal loan by Kotak Mahindra Bank of INR 5 lakh at an affordable interest rate of 10.25% p.a. However, the actual interest rate might differ based on a lot of factors like your age, repayment capacity, CIBIL score, etc.

6. What is the rate of interest of 10 lakh in Kotak Mahindra bank?

Kotak Mahindra Bank would offer a personal loan of INR 10 lakh at interest rates ranging from 10.25% p.a. to 17.99% p.a. However, the major deciding factor is the loan tenure of the loan that you are applying for.

7. What will be the interest rate of Kotak Mahindra personal loan for senior citizens?

Generally, all the major banks avoid approving loan applications of an applicant who is above the age of 60 years. Banks find it risky to offer personal loans to senior citizens because of the repayment terms.

8. What will be the interest rate of Kotak Mahindra personal loan for women?

Personal loans are generally short term loans and banks do not offer any special discount for women. However, you can negotiate with the bank on the basis of your personal relations with the bank.

9. What is Kotak Mahindra Personal Loan Customer Care number?

You can contact the Customer care service of Kotak Mahindra Bank by dialing 1860 266 2666 from your mobile phone.

10. How can I negotiate with Kotak Mahindra on the personal loan interest rate?

There are various scenarios in which you can negotiate your personal loan interest rate with Kotak Mahindra Bank like if you have an exceptionally high CIBIL score or if you have good personal relations with the bank branch in which you are applying for a loan.

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