Help Center
Locate us
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Page also available in Hindi
At Kotak Mahindra Bank, we ensure our Personal Loan eligibility conditions are clear and straightforward. For a ₹5 lakh Personal Loan, you will need to provide identity proof like a PAN card or Aadhaar card, income proof, which includes your most recent salary slips and bank statements for the last six months, and address proof, which could be a utility bill or lease agreement. The requirement might vary slightly based on specific circumstances or credit profiles, but these documents typically form the foundation of your application. Our team is always ready to guide you through any document requirements if you need help understanding them.
For those looking to secure a ₹5 lakh loan instantly, Kotak Mahindra Bank has a streamlined and simple online process. Begin by using our Personal Loan EMI Calculator on the Kotak website to gauge your potential repayments. Then, complete our online application form and upload the necessary documents. Thanks to our efficient digital processing, eligible customers can expect rapid verification and approval. With a commendable credit score and if you meet our eligibility criteria, the loan amount is disbursed to your account within 30 minutes, ensuring you get the funds when you need them.
At Kotak Mahindra Bank, we welcome a diverse range of applicants for a ₹5 lakh Personal Loan. Indian residents aged between 21 and 60 years, possessing a steady income, fall within our document required for the Personal Loan eligibility bracket. A robust credit score, ideally above 750, with a stable employment history and manageable financial obligations significantly enhances your application. Whether you're a salaried individual or self-employed, our team assesses various factors to ensure you have the means for repayment. We are committed to providing loans that fit your financial circumstances perfectly.
Securing a favourable Personal Loan interest rate on a ₹5 lakh loan with Kotak depends on several factors. A high credit score, a steady income source, and a low debt-to-income ratio play important roles in securing an attractive rate. We at Kotak Mahindra Bank offer competitive interest rates, tailoring our loans to meet your financial needs efficiently. We recommend maintaining a healthy credit history and comparing our rates with the market to ensure you receive the best possible rate. Currently, Personal Loan interest rates start at 10.99% p.a.
Opting for a loan against gold or a Personal Loan overdraft with Kotak Mahindra Bank is a secure way to access funds. The amount of gold required for a ₹5 lakh loan depends on the current market value of gold and our loan-to-value (LTV) ratio, which is competitively set to offer you maximum value. Given the fluctuating nature of gold prices, the exact quantity needed can vary. However, we strive to provide a precise estimate based on current rates and our LTV policy. Our team is always ready to assist you in evaluating your gold and securing the loan amount you need.
