Kotak Mahindra Bank advertises personal loans from 10.99% p.a. onwards. It can charge up to 24.00% for the same product. The advertised figure is a starting rate, not an offer.
The rate
| Advertised rate | Maximum rate | Terms | Processing fee |
|---|---|---|---|
| 10.99% | 24.00% | Up to 6 years | Up to 5% of loan amount + taxes |
Updated 17 Sep 2026 · Lender rate pages, checked individually.
Kotak Mahindra Bank advertises from 10.99% and can charge up to 24.00% for this product — a range of 13.01 percentage points. Where you land is set by your credit score, your down payment and your income type, not by bargaining. The processing fee of up to 5% is charged on top, plus GST, so it belongs in any comparison of the headline rate.
How it compares
Kotak is joint 7th cheapest of the 8 providers we track, 1.00 percentage points above HDFC Bank at 9.99%. The full table is at personal loan interest rates, and the rest of this bank’s unsecured lending detail sits on the Kotak Mahindra Bank personal loan page.
What decides your rate
On an unsecured loan the spread between the floor and the ceiling is far wider than on a mortgage, because there is no security to fall back on. Your credit score does most of the work, so it is worth reading how to improve a credit score before applying, and checking the bank’s own cut-offs against our guide to personal loan eligibility. Model the monthly cost at both ends of the band in the EMI calculator before you commit.
Terms change without notice. Confirm the current figures with Kotak Mahindra Bank before you act.
Related reading
Kotak Mahindra Bank Fees and Charges (2026) — The Full List
The processing fee as published, plus the 18% GST charged on top of it.
17 Sep 2026 · 1 min
Kotak Mahindra Bank Personal Loan EMI Calculator
What a Kotak Mahindra Bank personal loan costs a month at both ends of the published rate range.
17 Sep 2026 · 1 min