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Kotak Mahindra Bank Loans

KOTAK MAHINDRA BANK Personal Loan Interest Rates

Kotak Mahindra bank is the fourth largest private sector bank in India. Kotak bank started operations in 2003 and currently has a large set of operations spread over 363 locations in the country. It operates with full-fledged services that includes commercial, retail, investment and treasury offerings. The bank has over 600 branches and over 1,100 ATM’s spread across the country.

Kotak Mahindra Bank Personal Loans

Kotak Mahindra Bank offers personal loans at attractive interest rates for a variety of different purposes. The bank provides doorstep service with their trained representatives who assist in the completion of formalities for a hassle free experience.

  • Kotak Mahindra bank offers loans ranging from Rs. 50,000 to Rs. 15,00,000
  • Provides options for repayment of a tenure ranging from 12-60 months
  • Provides quick approval and assistance on procedures for loan disbursal

Kotak Mahindra Bank advances loans for a variety of reasons including personal loans, marriage loans, renovation loans, travel loans, mortgage loans and business loans.
While calculating the interest rate of Kotak Mahindra Bank we need to understand the multiple parameters that play a role in arriving at this number. The parameters to calculate Kotak Mahindra Bank interest rate could be the loan amount required, the company you are working in, the tenure of the loan amount, the salary bracket that you are in and so on. Kotak Mahindra Bank interest amount a portion of the loan amount over and above the principal amount which is repaid to Kotak Mahindra Bank. Kotak Mahindra Bank interest rate is usually depicted as a percentage of the loan which is calculated annually and also known as Annual Percentage Rate (APR). Each Kotak Mahindra Bank EMI repayment has a portion which goes towards the principal amount and the remaining is calculated as Interest. Usually, the interest portions are higher in the initial EMI’s and reduce as the EMI’s progress. On the other hand, the EMI adjusted against the principal amount is lower in the start of EMI repayment and increase as the tenure progresses.

Kotak Mahindra Bank has categorised companies into different segments. Some of these categories and the companies that fall in each category are depicted in the table below.

Category Company List RoI
3M India Limited
A C E Laboratories Ltd.
A C Nielsen Research Services
A. F. Ferguson
ABB Instrumentation Limited
Abbott India Ltd
ABN Amro Bank
AC Nielsen Org Marg
Accenture Consulting
Nivea India
Gujarat Co-Op Milk Marketing Fed. Ltd
21st Century Healthcare Solutions
3 COM Corporation
ABP Ltd.
A N Beach Hospital
A.D.C.C Infocad Pvt Ltd
Aarti Industries
A.F.L. Logistics
Aarvee Denims & Exports
Newgen Soft
Air India Ltd
All India Institute Of Medical Science
Bharat Petroleum
Chennai Petroleum Corporation Limited
Gail-Gas Authority Of India Limited
IDBI Bank Ltd
LIC Housing Finance Ltd
Punjab Mandi Board
Motorola India Pvt. Ltd.
Carlson Wagonlit Travels
Hyderabad Industries Limited
International Travel House Ltd
Kuoni Travels India Pvt Ltd.
Mercury Travels
Travelx India
Askash Jewels Pvt. Ltd
Property Guru
Doctors (Self-employed)
The interest rate dependes on the loan amount taken
13.50% - 18.00%

Know the difference between Flat Interest Rate and Reducing Balance Interest Rate before you avail a Personal Loan. Check our Flat Rate vs Reducing Balance Calculator now.

Flat Interest vs Reducing Balance Calculator