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Kotak Mahindra Bank Personal Loan Interest Rate November 2026
Kotak Mahindra Bank advertises personal loan rates starting from 10.99% per annum. For ₹5 lakh over 3 years that is an EMI of about ₹16,367 a month.
Source: Kotak Mahindra Bank official page, checked on November 2026 (2026-11-01).
| Starting interest rate | 10.99% per annum |
| Processing fee | Not stated on the page we checked |
| Prepayment | Not stated on the page we checked |
| Maximum tenure | 6 years |
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI for popular amounts
₹2 lakh for 2 years₹2 lakh for 3 years₹2 lakh for 5 years₹5 lakh for 2 years₹5 lakh for 3 years₹5 lakh for 5 years₹10 lakh for 2 years₹10 lakh for 3 years₹10 lakh for 5 years
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Frequently asked questions
What is the Kotak Mahindra Bank personal loan interest rate?
Kotak Mahindra Bank's website advertises personal loan rates starting from 10.99% per annum (checked 2026-11-01). The rate you get depends on your credit score, income and loan amount.
What is the EMI on a ₹5 lakh personal loan from Kotak Mahindra Bank?
At the starting rate of 10.99% over 3 years the EMI is about ₹16,367 a month, with total interest of about ₹89,212. A higher personal rate would raise this.
What is the processing fee for a Kotak Mahindra Bank personal loan?
The Kotak Mahindra Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.
Does Kotak Mahindra Bank charge prepayment charges on a personal loan?
The page we checked did not state prepayment terms. Please confirm with the bank.