🏦Kotak Mahindra Bank Personal Loan
Interest rate: 9.98% - 17.99% p.a. • Max amount: ₹40 Lakh • Tenure: 12-60 months
Starting Rate
9.98%
Max Amount
₹40 Lakh
Processing Fee
Up to 5%
Tenure
12-60 months
Key Features of Kotak Mahindra Bank Personal Loan
- ✓Competitive rates below 10%
- ✓Instant approval for existing customers
- ✓Zero foreclosure charges
- ✓Flexi personal loan facility
- ✓Paperless digital process
👍 Pros
✅ Zero foreclosure charges — save on early repayment
✅ Narrow rate band (max 17.99%)
✅ Flexi loan facility for revolving credit
✅ 811 digital banking integration
👎 Cons
❌ Processing fee can go up to 5%
❌ Limited branch network vs SBI/HDFC
❌ Minimum salary ₹20,000 for metro cities
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