Overview
Kotak Mahindra Bank is one of India's most trusted financial institutions, offering personal loan products designed for working professionals, entrepreneurs and businesses across India. With a focus on digital-first lending, competitive interest rates, and fast disbursal, Kotak is a popular choice on OneLoan.
Key Features
- Interest rate 10.99% – 20.00%
- Maximum amount ₹35 Lakh
- Tenure 12 – 60 months
- Processing fee Up to 3.0%
- 100% digital application
- Disbursal within 24-72 hours for eligible applicants
Fees & Charges
Processing FeeUp to 3.0%
PrepaymentNil after 6 months (lender discretion)
Late Payment₹500 – ₹1,500 per instance
Loan Cancellation₹1,000 + GST
Eligibility
- Age 21-60 years
- Salaried with min income ₹25,000/month
- CIBIL score 700+
- Indian resident
Documents Required
- PAN & Aadhaar
- Income proof (Salary slips / ITR)
- Bank statements (3-12 months)
- Address proof
- Photograph
Kotak EMI Calculator
₹5.00 L
₹50,000₹1.00 Cr
11.00%
628
36 months
684
- Interest
- Principal
Monthly EMI
₹16,369
Total Interest
₹89,297
Total Payment
₹5,89,297
FAQs
Frequently Asked Questions
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Interest Rate
10.50% – 21.00%
Max Amount
₹40 Lakh
Tenure
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ICICI Bank
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Max Amount
₹50 Lakh
Tenure
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