Kotak Mahindra Bank
A leading private-sector bank with strong retail, wealth and SME franchises.
About Kotak Mahindra Bank
Kotak Mahindra Bank, formed as a bank in 2003 from the Kotak Mahindra Finance NBFC, is one of India's leading private banks. Kotak serves retail customers, MSMEs, and high-net-worth wealth-management clients. The bank offers home loans, personal loans, business loans, LAP, and a strong wealth-linked private banking franchise. Salaried customers in the tech and BFSI sectors often see attractive Kotak offers. MahadevX is empanelled with Kotak as a DSA partner.
Loan Products & Rates from Kotak Mahindra Bank
Indicative starting ranges. Your personalised offer is finalised by the lender based on your profile.
Personal Loan
Rate 8.70% – 22.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Business Loan
Rate 8.70% – 22.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Home Loan
Rate 8.70% – 22.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Loan Against Property
Rate 8.70% – 22.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Where Kotak Mahindra Bank fits best
No two lenders are right for every profile. Here is where this one stands out.
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Salaried prime profiles, especially in tech and BFSI sectors
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Personal loans with quick digital disbursal for existing customers
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Home loans with flexible LTV and tenure options
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Wealth-management linked customers (preferential lending rates)
Why apply through MahadevX
Multiple bank comparison
One OTP-verified application; we negotiate your file with Kotak Mahindra Bank and 24+ other lenders and bring you the top offers. One CIBIL inquiry, not twenty-five.
Dedicated advisor
A real human runs your file from documentation pickup to lender coordination to disbursal follow-up. Reachable on call and WhatsApp.
Debt restructuring advisory
Unique to MahadevX: if you have existing high-EMI loans, our advisors can structure consolidation that lowers your monthly outgo before we add a new file.
Eligibility & Documents
Salaried Borrowers
- Age 21 to 60 years
- Minimum monthly income usually Rs 25,000 (Rs 50,000+ for prime products)
- Salaried with at least 2 years of work experience
- CIBIL score 700+ (750+ unlocks the best rates)
- Indian resident; pan-India serviceability
Self-Employed Borrowers
- Age 23 to 65 years
- Business vintage of 2-3 years (specific lenders consider 1 year)
- Audited financials and last 2 years ITR
- Latest 12 months GST returns and bank statements
- CIBIL score 700+ on personal and business credit
Documents Required
- PAN card
- Aadhaar card (for KYC and address)
- Latest 6 months bank statement
- Last 2 years ITR + audited financials (self-employed)
- Last 3 months salary slips (salaried)
- Property documents (for home loan / LAP)
- GST registration and last 4 quarters returns (business loan)
Is Kotak Mahindra Bank right for you?
Three taps for an honest read - indicative, in your browser only.
Kotak Mahindra Bank FAQs
Is Kotak Mahindra Bank good for personal loans?
Kotak is strong for salaried prime profiles, particularly tech and BFSI sectors, with rates starting around 10.99% p.a.
What is Kotak's home loan rate?
Kotak home loans typically start around 8.7% p.a. for prime salaried profiles. Your exact rate depends on profile, property type, and LTV.
Does Kotak offer pre-approved loans?
Yes - existing salary account and savings account customers often see pre-approved personal loans in net banking and the Kotak app.
How long does Kotak loan approval take?
Personal loans: 24-72 hours typically. Home loans: 10-15 working days end-to-end including property verification.
What is the maximum personal loan amount from Kotak?
Up to Rs 35L for prime profiles, subject to income and credit score eligibility.
Are there charges I pay to MahadevX?
No. Borrowers pay MahadevX nothing - the lender pays our commission after disbursal.
Other lending partners
MahadevX Fintech is a loan distribution associate (DSA) of its partner banks and NBFCs, not a lender. Loan sanction, interest rates and final terms are at the sole discretion of the respective RBI-regulated lender and are subject to their credit policy. Figures shown on this page are indicative. Information here references publicly available RBI and lender guidelines and is for general awareness, not financial advice.
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