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Personal Loan

Need funds for a personal or commercial requirement? Personal loans can be the ideal solution. Kotak Mahindra Bank’s personal loans give you instant funds for any financial need that you may have. Whether you want to go on a vacation or plan a marriage or pay for emergency medical costs, Kotak Mahindra’s instant personal loan can come to your aid.

Get loans up to Rs.40 lakhs and that too without any collateral. The interest rate starts at 10.99% per annum (“p.a.”). The documentation is simple to get funds at the earliest.

Get Personal Loan of up to Rs. 5 lakh, instantly and online

A simple 3-step online application process gets you the money you need, in no time!


Step 1: Personal Loan Application

Enter your basic personal and financial details to get your eligibility


Step 2: Customized Personal Loan Offer

Safely upload your bank statement or authenticate via net banking and verify your official email to get your personal loan offer


Step 3: Personal loan Disbursal

Just accept the T&C, e-sign the agreement and set-up your loan auto-repayment- all online, to get your Personal Loan amount transferred to your account!

For a quick loan application process and disbursal, keep these documents handy: PAN Card, Aadhaar Card & Last 3 months bank statements of salary account or net banking credentials. 

You can also apply for a personal loan of up to Rs. 40 lakhs with few additional steps and documentation at low interest rates and with flexible repayment options.

Important Considerations:

*Terms and conditions apply. Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. For loan above Rs. 5 lakhs will take up to 48 hours for disbursement with additional documentation.

Benefits of Kotak Bank's Personal Loan


Optimal quantum

Kotak Mahindra Bank allows loans ranging from Rs.50,000/- (Rupees Fifty Thousand Only) upto Rs.40 lakhs (Rupees Twenty Five Lakhs Only). So, whatever your financial needs, you can avail of an optimal quantum of loan.


Flexible repayment

The repayment tenure ranges between 12 and 60 months. You can choose a suitable tenure to repay the loan which is affordable to you. What’s more, you can also prepay a part of the loan if you have surplus funds at your disposal during the tenure of the loan.


Collateral-free loans

You don’t have to pledge any collateral security to avail of KMBL’s personal loan. The loan is unsecured and is issued based on your income and other personal loan eligibility parameters.


Affordable interest rates

The loan interest rates start at 10.99% p.a. only. Affordable, isn’t it?



Easy application and documentation

Applying for Kotak Mahindra Bank’s instant personal loan is simple, and the documents required for a personal loan are minimal too. You can get an instant in-principal approval and get the loan sanctioned within 3 seconds.

How to apply for a personal loan?

Applying for a personal loan has been simplified with the online process. Here’s how you can apply for a personal loan online-

Quick & Easy In-principle sanction through Chat

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Kotak Personal loan - a loan for all your needs

You can avail yourself of Kotak Mahindra Bank’s personal loan for multiple financial needs. KMBL’s instant personal loan can fulfil the following types of needs.


Plan a grand wedding and get the best marriage loan to meet the expenses.


Home renovation

Upgrade your home as per your tastes and preferences. A home renovation loan is available to meet the costs.



Are you planning to go on a family vacation? Don’t worry about the funds, as KMBL’s travel loan is there for you.


Buying a vehicle

Ease your commuting experience by investing in a bike or a car with KMBL’s instant personal loan.


Medical expenses

Emergency medical emergencies can be financially taxing. Not when you can avail of a medical loan to pay for the treatments and hospitalisation.


Higher education

If you or your child want to pursue higher education, you can use a personal loan to pay for the expenses.

General questions and answers on personal loan

What is a personal loan?

A personal loan is a multipurpose loan that allows funds for varied financial uses. The loan is unsecured and has an easy application process to avail of the funds efficiently.

How much instant personal loan can I get?

Various bank lenders provide you with a different range of personal loan amounts. At Kotak Mahindra Bank, we provide instant personal loans anywhere from Rs. 50,000 to Rs. 40 lakhs. That too, at attractive interest rates starting from as low as 10.99% per annum. You can also enjoy a flexible tenure from 1 year to 5 years, allowing you to repay the loan comfortably.

Instant personal loans from Kotak Mahindra Bank can fulfill a wide range of your financial needs. We provide our borrowers with marriage loans, travel loans, loans for home renovation and medical loans to attend to emergencies. Upon application, if all your documentation is in place and you also meet the eligibility requirements, your loan can be disbursed in as less as 3 seconds.

How do I check the status of my personal loan?

You can visit Kotak Mahindra Bank’s website and, under the “Service Request’ tab, you can check the status of your personal loan.

Why getting a personal loan is a good idea?

A personal loan is an unsecured loan, so it requires no collateral in exchange. The lender bank verifies the borrower’s creditworthiness to provide them with such loans. So, if you have a good credit score, then a personal loan can be your friend in need.

You can use a personal loan for a wide range of financial needs. Kotak Mahindra Bank lends personal loans for weddings, home renovations, travel and medical emergencies to name a few.

Kotak Mahindra Bank’s personal loan amounts range from Rs. 50,000 to Rs. 40 lakhs, with a flexible tenure of 1 to 5 years and an attractive interest rate starting from 10.99% per annum. That covers many of your financial needs and even allows you to repay the loan amount comfortably.

Apart from all these, Kotak Mahindra Bank offers efficient customer service, an easy application and document process and a quick loan disbursement.

How much time will it take for my personal loan to be approved?

At Kotak Mahindra Bank we have a fast personal loan application process. The approval process is also quick. If you meet the eligibility criteria and submit all the required documents, then you can expect the approval on your personal loan application in as less as 48 hours. Our online application process allows quick disbursements, in just 3 seconds. You can even track your application status on the Kotak Bank website.

For quick approvals, make sure you go through the eligibility parameters and documentation list. Kotak Mahindra Bank has a simple eligibility requirement. Individuals in the age group of 21 and 60 years can apply. They must be graduates with at least one-year employment. Kotak Mahindra Bank expects a minimum documentation from the borrowers. You need to submit documents like application form, your photographs, proof of identity and residence, to name a few.

Do I need to provide any security or collateral to apply for a personal loan?

No. You need not provide any security or collateral to apply for a personal loan, because it is an unsecured type of loan. The lender will determine the borrower’s creditworthiness and then provide them with a personal loan.

You can improve your creditworthiness in various ways if you are planning to apply for a personal loan. Maintaining a good credit score is essential. Your credit history and credit score reflect your repayment ability. If the lender bank is convinced about your capacity to fully repay the loan, then they will lend you the necessary funds.

Kotak Mahindra Bank provides personal loans for various reasons like weddings, travel, renovations and medical emergencies depending on your needs. You can avail of a personal loan from us at attractive interest rates and for flexible tenures. Find out more about borrowing a personal loan from Kotak Mahindra Bank and fulfill all your financial needs.


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Frequently Asked Questions

What can a personal loan be used for?

Personal loan requires no collateral, and that’s why it is an unsecured loan. It can be used to fulfill many of your day-to-day as well as emergency needs. Kotak Mahindra Bank provides the borrowers with loan amounts from Rs. 50,000 to Rs. 40 lakhs. So, whether your expenses are small or big, our personal loan can come in handy at the time of your need.

You can plan that dream wedding with the help of Kotak Bank’s marriage loan. Or use our travel loan to rejuvenate at your favourite holiday destination. Renovate your home and transform your living space with a home renovation loan from Kotak Mahindra Bank. You can even take care of unplanned expenses such as medical emergencies with Kotak’s medical emergency loans. No need to dip into your hard-earned savings to meet your financial needs.

What are the benefits of availing of a personal loan from Kotak Mahindra Bank?

Kotak Mahindra Bank’s personal loan is available within the shortest possible time, and the documentation is minimal and hassle-free. 

Interest rates start from 10.99% p.a., and the personal loan charges are also low. You can use the personal loan EMI calculator to make the loan affordable. Moreover, the prepayment facility helps you reduce the loan burden whenever you have additional funds.

What are the different types of personal loans?

Kotak Mahindra Bank offers personal loans for wedding travel, medical needs, education, vehicle buying, debt consolidation, etc. 

Can I get a personal loan if I have a home loan?

Yes, you can get a personal loan even if you have a home loan. You just need to mention the existing loan details and the EMI. You can also opt for top-up home loans, which are like personal loans.

How can I get personal loan repayment status updates?

The repayment status update is sent to you regularly by Kotak Mahindra Bank. You can also check the status online by logging into your online banking account.