What Kotak Mahindra Bank asks for on personal, home, business, vehicle, education loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.
One free check compares your profile with Kotak Mahindra Bank and the other 39 lenders we track. It does not touch your credit score.
How Kotak Mahindra Bank tends to lend (our read): The only major lender that still asks for a graduation degree in its published criteria, and one of the few that asks for city stability. Narrower footprint than HDFC or ICICI. Lends in: Metro, Tier 2 locations.
₹30,000 net per month; ₹25,000 if your salary account is with this lender
Minimum credit score
685 (CIBIL or equivalent)
Employment
Salaried
Work experience (salaried)
1 year total, 6 months with the current employer
Loan amount
₹50,000 to ₹1,00,00,000
Tenure
1 year to 6 years
Interest rate
10.99% to 24% p.a.
EMI-to-income limit (FOIR)
About 50% of incomeOur working estimate - lenders rarely publish this
Fees and charges
Processing fee up to 5% of the loan amount plus taxes, deducted at disbursement; bounce charge Rs 750 per instance; penal charge 8% a year plus taxes on the overdue amount; stamp duty as per state law.
Documents Kotak Mahindra Bank lists
Identity proof: e-KYC Aadhaar, voter ID, driving licence or passport; PAN
Address proof: Aadhaar, voter ID, driving licence, passport, utility bill or registered rent agreement
Age proof (voter ID, passport, Aadhaar or birth certificate)
Last 3 months' salary slips and bank statements showing salary credits
2-3 passport-size photographs; ITR may be requested
Research notes
Kotak's eligibility page (checked live 25 Oct 2026) publishes age 21-60, employment with an MNC / public limited / private limited company, graduation or diploma, 1 year of work experience and minimum net monthly income of Rs 25,000 for Kotak salary account holders, Rs 30,000 for others and Rs 20,000 for Kotak employees, with loans up to Rs 1 crore over up to 72 months and rates from 10.99%. It calls 750+ generally good while its FAQ says 685 or higher, so 685 is used as the floor. The 6 months at the current employer, 12 months' city stability, 24% rate ceiling, FOIR and income multiple are not on the eligibility page and are kept as working estimates; a Mumbai page gives age 21-58 and another FAQ gives Rs 25,000 (Delhi / Mumbai) or Rs 20,000 (other cities).
18 to 60 years (age when the loan ends); self-employed up to 65
Minimum income
₹15,000 net per month; ₹20,000 in metro cities; self-employed: ₹1,80,000 a year
Minimum credit score
700 (CIBIL or equivalent)
Employment
Salaried or self-employed
Work experience (salaried)
2 years total, 6 months with the current employer
Business vintage (self-employed)
3 years in business
Funding (LTV)
Within RBI limits: up to 75-90% of the property value, depending on the loan size
Loan amount
₹5,00,000 to ₹40,00,00,000
Tenure
3 years to 25 years
Interest rate
7.6% to 11% p.a.
EMI-to-income limit (FOIR)
About 50% of incomeOur working estimate - lenders rarely publish this
Fees and charges
Processing fee up to 2% plus taxes, with Rs 5,000 plus taxes collected at login (the FAQ says 0.5% salaried / 1% self-employed); floating-rate prepayment nil for individuals; fixed-rate prepayment for individuals 1% per year of residual tenure, capped at 3%; rescheduling Rs 500.
Documents Kotak Mahindra Bank lists
Identity and age proof: passport, driving licence, school leaving or birth certificate, voter ID, PAN
Bank statements for the last 6 months (12 months for self-employed non-professionals); repayment track record; all property documents
Salaried: last 3 months' salary slips, latest Form 16, employment proof
Self-employed professionals: 3 years' personal and business ITRs with computation, CA-certified P&L and balance sheet for 3 years, degree certificate
Self-employed non-professionals / entities: 3 years' ITRs and financials, business existence and tax registration proof, constitution documents
Research notes
Kotak's eligibility page publishes age 18-60 for salaried and 18-65 for self-employed individuals with minimum income of Rs 20,000 a month in metros (Delhi, Mumbai, Bengaluru, Pune, Hyderabad, Chennai) and Rs 15,000 elsewhere; private-limited / partnership employees also need a bachelor's degree (not modelled). Its Rs 25 lakh product page adds 2 years' work experience with 6 months in the current organisation, or 3 years in business for self-employed. The main page publishes up to Rs 40 crore, up to 25 years and up to 90% funding, with floating rates from 7.60%; the 11% ceiling, score floor, FOIR, minimum ticket and 3-year minimum tenure are working estimates.
Processing fee up to 2% plus taxes (nil up to Rs 5 lakh for micro and small enterprises with Udyam certificate); documentation Rs 3,500 (up to Rs 10 lakh) or Rs 6,000; foreclosure 4% plus taxes for non-MSE borrowers, nil for MSE fixed-rate loans up to Rs 50 lakh; part payment not allowed; penal 8% a year on overdue amounts; cheque dishonour Rs 750.
Documents Kotak Mahindra Bank lists
Identity and address proof: e-KYC Aadhaar, voter ID, driving licence or passport
Business vintage proof (3 years): Udyam, GST registration, certificate of incorporation or Shop Act / Gumasta licence
Ownership proof: registered agreement, latest electricity, maintenance or municipal tax bill
Kotak's eligibility page (checked live 25 Oct 2026) publishes 3 years in business, minimum turnover Rs 40 lakh, profit for at least 1 year (not modelled), sole proprietors / partnerships / private limited companies / trusts / LLPs in manufacturing, trading or services, and a main applicant aged 25 to 65 at maturity; loans are Rs 3 lakh to Rs 1 crore, collateral-free. The general rate table lists 9.50-30.50% fixed for Business Loan - Individual. GST registration is the listed constitution proof for sole proprietors; score floor, ITR years and the 12-48 month tenure are not published and are working estimates.
Part/full prepayment 5.21% of principal outstanding in the first half of the tenure, 3% after (loans sanctioned from 1 Apr 2026); mandate swap Rs 400; physical schedule Rs 300; late payment 18% p.a.; cancellation Rs 2,000 plus interest.
Bank statement and residence proof (utility bill, passport, voter ID, rent agreement or property document)
Research notes
Kotak's car loans are written by Kotak Mahindra Prime Limited (KMPL), a Kotak Mahindra Bank subsidiary, at select locations. The eligibility page publishes minimum age 21, Rs 25,000/month income (not split by employment type), 1 year's employment and 1 year's residence stability; it publishes no maximum age, score floor or maximum loan, so none is set here (the Aug 2026 aggregator max ages of 58/65 are not used). Loans start at Rs 1 lakh over 12-84 months with up to 100% of car value; no rate is published (the calculator's 8% is an input, not an offer).
Processing and documentation shown as not applicable; overdue interest 3% compounded monthly; dishonour Rs 750; foreclosure locked in for 12 months, then 5% + GST of principal outstanding.
Documents Kotak Mahindra Bank lists
Application form and two photographs (student, co-applicant, guarantor)
Identity and residence proof, bank signature verification
Co-applicant/guarantor income: latest payslip or Form 16 or 2 years' ITR
Co-applicant/guarantor proof of ownership
Proof of relationship
Confirmed admission letter
College letter with course details and fee structure
Academic pass-out marksheet/certificate
Research notes
Eligibility page: Indian national with admission in India or abroad through entrance test or merit to listed professional, PG and approved courses; Kotak says there is no specific age restriction for the student; co-applicant/guarantor aged 21 at origination and up to 70 at maturity; up to Rs 10 lakh for India and Rs 20 lakh for abroad. Fixed rate 11% to 17% on the rate table (the fees page says up to 16%, conflict noted; Q1 FY27 contracted loans all at 12%). No tenure, collateral threshold or income floor is published. The Rs 50,000 minimum is our estimate (no minimum is published).
ClearToLend is not affiliated with or endorsed by Kotak Mahindra Bank. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with Kotak Mahindra Bank before you apply. A match is not a loan offer or approval.
Kotak Mahindra Bank Loan FAQs
The minimum net monthly income is ₹30,000, according to Kotak Mahindra Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
A credit score of 685 or above, according to Kotak Mahindra Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 21 and no older than 60 when the loan ends, according to Kotak Mahindra Bank's own website.
Rates run from 10.99% to 24% a year, according to Kotak Mahindra Bank's own website. Your own rate depends on your credit score, income and employer.
The minimum net monthly income is ₹15,000, according to Kotak Mahindra Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
A credit score of 700 or above, according to Kotak Mahindra Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 18 and no older than 60 when the loan ends, according to Kotak Mahindra Bank's own website.
Rates run from 7.6% to 11% a year, according to Kotak Mahindra Bank's own website. Your own rate depends on your credit score, income and employer.
A credit score of 700 or above, according to Kotak Mahindra Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 25 and no older than 65 when the loan ends, according to Kotak Mahindra Bank's own website.
Rates run from 9.5% to 30.5% a year, according to Kotak Mahindra Bank's own website. Your own rate depends on your credit score, income and employer.
No. ClearToLend compares your details with Kotak Mahindra Bank's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with Kotak Mahindra Bank and does not send your details to it.
