Kotak Bank personal loan Calculator Eligibility

Kotak Bank personal loan eligibility and  interest rate depends upon following factors -

  • Loan amount: Generally, banks offer lower interest rates for higher amount.
  • Your Salary: Higher salary bracket individuals are offered Kotak Bank personal loans at lower interest rates. Kotak Bank personal loan interest rate of the bank varies with your net monthly income.
  • Employer Category: Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. Every bank has a list of company categories of salaried individuals to which they avail Kotak Bank personal loan. So, higher company category leads to low bank Kotak Bank personal loan rate.
  • Relationship with the Bank: Every bank offers special rates, offers and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in past will get benefit of low Kotak Bank personal loan interest rate.
  • Loan Tenure: Kotak Bank personal loans are of longer repayment tenure of 7 years.
  • Repayment Capacity: Before giving loan to the borrower, every bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL score or credit score as it has all the details of previous loans taken and their repayments. CIBIL score also gives the information of credit card bills payment.

Eligibility Criteria

Eligibility Details


21 years - 65 years

Minimum Annual Income

Salaried: ₹ 3 Lakhs

Self Employed Professionals: ₹ 4 Lakhs

Self Employed Businessmen: ₹ 4 Lakhs

Minimum Credit Score

700 and above

Kotak Bank personal loan Tenure

7 years



  • Allahabad Bank