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Kotak Bank Personal Loan

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Loans are a situation that most people can relate to. Everyone has borrowed money at one point in his or her life — to pay for a wedding, a vacation, or cover an emergency expense. at Kotak Mahindra Bank, we understand that your needs are ever-growing. That's why we operate on the simple principle: if you require funds for something vital now and for the future, we offer you swift personal loans that come with unmatched convenience and flexibility. Kotak Mahindra Bank offers instant loans to individuals and the self-employed without any collateral. These personal loans can be obtained for a few days up to Rs.25 lakhs. You can choose your loan tenure and ease of repayment, making it easier for you to fulfill your requirements. All you need are three simple documents and a photograph and you will have instant approval on your loan application.

Here are a few factors about Kotak Bank Personal Loan 

Mode of Process




Lending Size and Tenure 

50K-25L (12M to 60 M)



ROI (Fixed/Reducing)



After 12M below 10 Lakh at 4% Charges

Partial Payment Allowance


Dealing in Unsecured OD


Negative Profile for Kotak Bank Personal Loan 

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.



MCD Fourth Grade



Documents Required 

  • The age of the applicant should be between 21 to 58
  • The min. salary of the applicant should be 25K existing customers-  others 30K
  • The min. Employment should be 3 months of continuous salary 
  • The minimum CIBIL score has to be 700

  • KYC of Applicant (PAN+ Driving License+ Passport +Adhar Card) 
  • Last 3 Month Salary Bank Statement in PDF
  • Last 3 Month Salary Slip if Salary is received by Cheque
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page
  • 2-3 passport size photograph


A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations.

The dedicated repayment tenure will be between 12 months and 60 months

If you are a salaried employee, your salary slip and bank account statement will be accepted as proof of income. For self-employed individuals, however, tax returns of the last few years, bank statements, and financial statements might be required for a personal loan application.

No, you won’t have to pledge any collateral to get the Kotak Mahindra Bank Personal Loan. Yes, based on your credit score and repayment capacity you can avail of two different loans from the same bank.

Kotak Bank Personal Loan by Banks

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