The largest ceiling on the panel: up to ₹1 crore
Figures published by Kotak Mahindra Bank as of 3rd August 2026. Indicative, not an offer.
Kotak Mahindra lends up to ₹1 crore, the highest limit among the ten lenders here, from 9.99% p.a. on its special partner rate against a 10.99% standard rate, over terms to six years. Applicants need net monthly income from ₹25,000 and a year of work experience, with bureau scores in the 760s preferred for the best pricing.
The cost to watch is the processing fee, which can reach 5% — the highest on the panel — often quoted as ₹12,999 plus GST on mid-size tickets. Kotak 811 account holders get a fully digital pre-approved journey with disbursal in minutes.
The 9.99% rate is a limited partner-channel rate. Compare it against the 5% processing fee — on a short tenure the fee can outweigh the rate saving.
| Product or borrower segment | Interest rate |
|---|---|
| Special partner rate, salaried | 9.99% p.a. onwards |
| Standard salaried rate | 10.99% p.a. onwards |
| Kotak 811 digital personal loan | 10.99% p.a. onwards |
| Balance transfer | 10.50% p.a. onwards |
Opens at 9.99% p.a., the lowest rate Kotak Mahindra Bank publishes. Raise it to see what a weaker bureau score would cost you.
Reducing-balance interest, the same basis the lender quotes on. The interest figure is what the loan adds to the amount you borrow.
Early instalments are mostly interest. The principal only starts falling quickly in the closing years, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|
Double what HDFC or ICICI will consider on a standard salaried file, which makes Kotak the natural first stop for a genuinely large unsecured requirement.
Existing 811 account holders see a pre-approved limit in the app and can draw it in minutes with no fresh paperwork.
A lower bar than the two years HDFC and ICICI ask for, which helps applicants early in a career.
An existing loan can be moved across and enhanced in the same transaction, subject to fresh eligibility.
Processing and foreclosure charges routinely outweigh a small difference in rate. Read these against the rate table above.
Meeting these is what gets the file assessed. Where you land inside the rate band is decided separately, by your bureau record.
Every rate you check and every offer you compare credits coins to your wallet, and they convert 1:1 into rupees.
On a short tenure it can. On ₹5 lakh over two years, a 5% fee is ₹25,000 upfront — more than the interest saved against a lender charging 11% with a 1.5% fee. Model both before choosing.
Very high earners with clean bureau records. The EMI on ₹1 crore over six years at 10% is close to ₹1.85 lakh a month, so the income has to support it.
A pre-approved offer inside the 811 digital account, underwritten from the balances and credits Kotak can already see, disbursed without documents.
9.99% onwards
Up to ₹40 lakh · fee Up to 2%
Read the terms →10.00% - 30.00%
Up to ₹55 lakh · fee Up to 3.93%
Read the terms →12.00% - 22.50%
Up to ₹25 lakh · fee Up to 2%
Read the terms →9.99% onwards
Up to ₹50 lakh · fee Up to ₹6,500
Read the terms →