Kotak Mahindra Bank (loans): verified facts and rating
Licensed since: 2003 Checked 2026-10-31
Score breakdown
100% backed by facts · How we rank
Kotak Mahindra Bank (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference99%110%110% · median 100%
Support hours a week168 h168 h168 h · median 168 h
Maximum amount, % of country reference30%200%200% · median 100%
Longest term60 mo84 mo72 mo · median 84 mo
Kotak Mahindra Bank (loans) strengths and weaknesses
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
- New customers can apply online
Cons
- An arrangement fee can apply
- A charge can apply to early repayment
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 2003 2003 Kotak Mahindra Finance Ltd. becomes India’s first non-banking finance company to convert into a commercial bank. | kotak.bank.in | 2026-10-31 |
| Licensed by the regulator | Yes List of Scheduled Commercial Banks (SCBs) · Domestic Private Sector Banks · 15. Kotak Mahindra Bank Limited | rbi.org.in | 2026-10-31 |
| Published rate, % of country reference | 110% Personal loan interest rate (Fixed) Starting from 10.99% p.a. · APR 10.99% · index 100 = 9.995% (median at launch) | kotak.bank.in | 2026-10-31 |
| Free early repayment | No Foreclosure/Part payment charges: Up to 3 years - 4% + taxes on outstanding principal/part payment amount; After 3 years - 2% + taxes | kotak.bank.in | 2026-10-31 |
| No arrangement fee | No Loan processing fees (Non Refundable) Up to 5% of the final loan amount plus taxes. | kotak.bank.in | 2026-10-31 |
| Fees or terms published | Yes Personal Loan Processing Fees and Charges: Charge type — interest rate, processing fees, penal charges, foreclosure/part payment charges | kotak.bank.in | 2026-10-31 |
| Complaints procedure | Yes Grievance Redressal. Have a query or a complaint? Here’s how to reach us! Level 1 - Contact us; Level 2 - Need more help? | kotak.bank.in | 2026-10-31 |
| Online application for new customers | Yes Apply for Personal Loan Online up to ₹1 crore; Apply Now | kotak.bank.in | 2026-10-31 |
| Support hours a week | 168 h 24X7 Toll free helpline* ✆1800 4100 | kotak.bank.in | 2026-10-31 |
| Maximum amount, % of country reference | 200% Borrow up to ₹1 crore for 1-6 years · max 10000000 INR · index 100 = 5000000 INR (median at launch) | kotak.bank.in | 2026-10-31 |
| Longest term | 72 mo Flexible repayment tenure up to 6 years | kotak.bank.in | 2026-10-31 |
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