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 September 2020

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 of the loan amount
  • INR 1,999 of the loan amount
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!

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