Kotak Bank Personal Loan

Personal Loan at 1%* p.m.

Apply & Get Instant Approval

Kotak Bank Personal Loan Features

Eligibility Criteria Details
Kotak Bank Personal Loan Interest Rate 9.75% p.a.
Lowest EMI per lakh Rs 2112
Tenure 12 to 60 months
Kotak Bank Personal Loan Processing Fee 1% to 2% of Loan Amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Min Loan Amt ₹ 50,000
Max Loan Amt ₹ 75 Lakh

Why Personal Loan?

Personal loans are capable of taking care of the applicant’s own needs. These loans vary from reason to reason. Those reasons can be either wedding expenses of the applicant’s daughter to medical emergencies to planning a travel tour.

What does Kotak Bank Personal Loan offer you?

Through our online facility, we have been providing superfast loans from Kotak Bank Personal Loan. The loans provided have unique features, and the tenure for the same is very flexible. You can have access to Loans from Rs.50,000 to Rs. 15,00,000 while the period ranges between 1 year to 5 years. You don’t even have to shift from bank to bank, while our representatives will look after your status and provide you with the best possible service.
With our Online access facility, you have to log in, and you will get your approval for your application in just 90 seconds.

Online Account Access:

Using your loan account number, you can log in and gain access to whichever information you need, including relating to your loan. The information which would be covered include:

  1. Repayment track
  2. Interest certificate
  3. Payment schedule etc. through our digital customer portal.

* Interest rate can vary as per the individual’s portfolio.

Kotak Bank Personal Loan Eligibility:

For Salaried Individuals




22 years – 65 years.

Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)

Total years in job/profession

2 Years

Years in current residence

1 Year (One Day if in a Super A Company)

For Self Employed Individuals


Self Employed


23 years (self-employed individuals) and 25 years (for doctors); Maximum age – 65 years

Minimum Turnover

Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax

Rs. 2 lac for Proprietorship Firm/Self-employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability

In current business for at least 5 years and a minimum of 3 years for doctors

Existing relationship with the bank

Minimum 1-year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required


Kotak Bank Personal loan Interest Rate:

The interest rate at which Kotak Bank Personal Loan starts providing with 9.75% to 24%.

Documentation necessary for Kotak Bank Personal Loan:

  1. Finance statements which are required are:
    The Salary slips of last three months are needed.
  2. Bank statements for the previous six months are also needed.
  3. The latest three-month salary slip bank account is also required.

Employment, Identity, Age and Signature Proof:

  1. The employee ID card and visiting card
  2. Work experience
  3. Current employment
  4. Appointment letter / Form 16 /1-year-old salary slip
  5. Previous employment
  6. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer/ PAN Card / Ration Card
  7. Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip
  8. KYC is also needed to be done.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans and here we are to offer loans and tell you why Magicloans.in is better than other websites.
Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your personal loan from us
  2. After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.


  1. First of all, Know your Personal loan eligibility in 1 minute, available online, and across all branches.
  2. After that Highly competitive interest rates for personal loans.
  3. Besides that Special offers, interest rates and nominal charges for Karur Vysya Bank account holders.
  4. And Special personal loan offers* for women employees.


  1. To begin with Simple documentation
  2. Following that Competitive pricing
  3. Besides that personal loan disbursal is very quick.
  4. Furthermore, the procedure for a Personal loan is very transparent.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up, and you have to fill up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google