Kotak Bank Personal Loan

Online in 1 Day* @10.45%


Quikkloan offers a free service and therefore, we do not charge any fee from customers

Kotak Bank Instant Personal Loan Online Approval

100% Online Process

No Hidden Charges

Minimum Documentation Process





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personal Loan

How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

Kotak Bank Personal Loan

Sit back and relax as all your unplanned financial needs and emergencies will be taken care of Kotak bank personal loan. The lender offers the loan to the borrowers at an attractive interest rate starting at 10.99% per annum. With a maximum loan amount of up to Rs.15 lakh that can be availed at a tenure of 5 years, this lender makes your personal loan a hassle-free experience. Kotak offers personal loan to salaried individuals, working in MNC, Public or Private Limited Companies. Apart from this, a list of other eligibility factors like income, cibil score, credit history, and job stability also taken into consideration before giving personal loan approval. A salaried individual needs to have a minimum monthly income of Rs.20,000 to apply online for Kotak personal loan. Do check your personal loan eligibility and keep your documents ready to avoid the last minute rejection.


Install Personal Loan App to Compare the Best Lenders Suitable for your Profile.

Kotak Personal Loan Interest Rates



Interest Rates

10.99%-24% per annum

Loan Amount

Up to Rs.15 lakh


5 Years

Processing Fee

Upto 2.50% of loan amount + GST

Minimum Monthly Income 


Cibil Score

Above 750 (out of 900)

Prepayment Charges

5% on the principal outstanding + GST


Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

Complete Online Application

Fillup the Online loan Application in just 2 minutes

Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

Bank Statement

Latest 3 Months Bank Statement or Passbook

Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Why Choose Kotak Personal Loan

There are several reasons to choose Personal Loan from Axis Bank

Quick Disbursal

Attractive Interest Rates

  Attractive Interest Rates

 Flexible Loan Tenures

Minimal Documentation

Multi-purpose Loan

No Collateral/Security 


How to Apply for Kotak Personal Loan 

Apply online for a Kotak personal loan and get the fastest approval and disbursal. The online process is really simple and quick, thus you can get personal loan Kotak Bank without any hassle. When it comes to applying online, Quikkloan is the best marketplace for the same. On this online platform, you can not only get instant approval and disbursal but a complete credit assessment is also helpful in enhancing your loan profile. Quikkloan helps you in reaching to the right lender based on your eligibility, thus saves your time with minimal chances of loan rejection.



From Where to Apply for an Instant Personal Loan Kotak Online

Apply Online for Kotak Bank Personal Loan online from Quikkloan App and get Instant loan e-Approval and Disbursal in just 1 Day.


Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)


Loan Amount (in Rs.)

Interest Rate(per annum)

Tenure (in Years)

EMI (in Rs.)

Total Interest Amount(in Rs.)

Total Amount=

Principal +Interest (in Rs.)































Table Showing Principal, Interest, and Balance Amount

Year Principal (in Rs.) Interest(in Rs.) Balance Amount(in Rs.)
1 78,942 52,262 4,21,057
2 88,295 42,908 3,32,762
3 98,757 32,447 2,34,005
4 1,10,458 20,745 1,23,546
5 1,23,648 7,657 0

Type of Kotak Personal Loan

Kotak Bankl Personal loan is a multi nature in use. it can be used for the following purposes.


To cover all the wedding expenses, the Kotak wedding loan is here.


Features and Benefits:

    • Interest rates starting from 11.25% p.a
    • Avail loan of amount up to Rs. 20 lakh
    • Minimal documentation
    • No security/collateral required

Kotak Bank Personal Loan might be the better choice if you want to use Personal Loan As a Home renovation purpose.


Features and Benefits:

  • Personal Loan rate of interest starting at 11.25%
  • Avail loan of amount up to Rs.20 lakh
  • Minimal Documentation
  • No security/collateral required
  • Quick processing and disbursal – Money gets credited into your account in 72 hours

Be it a solo holiday or a trip with family or friends, the AXIS Holiday loan caters to the needs of all. The loan can easily be availed to meet all your travel expenses. 


Features and Benefits:

  • Interest rate starting from 11.25% p.a.*
  • Avail loan up to Rs. 20 lakh
  • Simplified documentation
  • No security/collateral required
  • Quick processing and disbursal.


If you have just started working and your first salary has just come, you are also eligible to apply for a personal loan of up to Rs.1,50,000


Features and Benefits:

  • No security / collateral required
  • Attractive Rate of Interest
  • Avail loan of amount up to Rs. 1,50,000
  • Simplified documentation
  • Funding avail from age of 21 years
  • Quick processing and disbursal

NRIs can also avail a personal loan without any hassle as ICICI offers NRI Personal loan with instant approval and disbursal. 


Features and Benefits

  • No security/collateral required
  • Avail loan up to ₹ 10 lakh
  • Simplified documentation
  • Interest rates starting from 15.49% p.a.*
  • Applicant to be a resident Indian and the co-applicant NRI to be a close relative
  • Tenure up to 36 months
  • Quick processing and disbursal

Need extra funds to support your existing personal loan? Apply for ICICI Top Up Personal loan online. You can either combine it with an existing personal loan or treat it as a separate loan. 

  Features and Benefits:

  • No security / collateral required
  • Simplified documentation
  • Interest rates starting from 11.25% p.a.
  • Quick processing and disbursal

Kotak Personal Loan Customer Care Number

Dial 1860 266 2666 either from your landline or mobile to get in touch with the bank representatives. For all your queries, feedback, suggestions and complaints, the customer care executives are available from 9:30am to 6:30 pm, Monday to Saturday. 


What is the procedure for personal loan part prepayment?

Kotak Mahindra Bank does not offer a part prepayment facility for your personal loan.

Is it possible to change my personal loan Installment date? Are there any charges applicable?

Yes, it is possible to change the installment date. On changing the EMI date, a borrower needs to bear rescheduling charges and PDC Swap charges+GST. However, a borrower needs to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to the bank 7 working days pre/7 working days post the EMI date.

How can I get my Statement of Account?

You can download your statement of account for free.

How can I reschedule or postpone my EMI?

Rescheduling or postponement of EMI is not possible with Kotak personal loan.

How long does it take for Kotak Bank to approve my personal loan?

Once you submit your loan application form and the required documents as per Bank’s criteria, you can expect the approval and disbursal of your personal loan within 10 working days. However, all loan approval is at the sole discretion of the bank.

What can a personal loan be used for?

A personal loan is useful in meeting numerous financial needs such as wedding expenditure, school or college fees, dream vacations, home renovation projects or even for the purchase of consumer durables

.How can one I repay my personal loan?

A borrower can repay his personal loan through ECS (Electronic Clearing System), which is an online payment facility. With ECS, the EMIs would automatically be deducted from a borrower’s account on/before the due date.

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