Kotak Mahindra Bank Gold Loan: Features, Interest Rate & Apply

Kotak Mahindra Bank Gold Loan is a loan against your gold jewellery. It is a secured loan where your gold jewellery acts as collateral for the loan amount. In this article, we’ll discuss the features, benefits, eligibility criteria and documents required for a Kotak Mahindra Gold Loan. We’ll also provide information on how to apply for a loan.

Kotak Mahindra Bank Gold Loan Highlights

Interest Rate8% p.a. onward
Loan AmountUp to Rs.1.5 crore
Loan TenureUp to 4 years
Processing FeeUp to 2% of the loan amount + GST
Kotak Mahindra Bank Gold Loan

Kotak Mahindra Bank Gold Loan

The Kotak Mahindra Bank offers an interest-free gold loan facility to its customers. The gold loan is available with a tenure of 4 years. Interest is charged on the amount borrowed at 8% to 17% depending on purpose & profile.

The minimum amount required for availing of this gold loan is Rs 20,000 and the maximum amount is Rs 1.5 crore. The loan amount is based on the value of your gold jewellery and the current market rate. The processing time for availing of this gold loan is 3-4 hours.

Kotak Mahindra Bank Gold Loan Interest Rate

Interest rates for gold loans range between 8% and 17% p.a. and are subject to changes. The rate is set at the discretion of the lender, based on the kind of loan and the duration, as well as other variables. It is best to be aware of the specific charges and fees as well as the interest rate you pay on your loan as it will help to plan your budget better.

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Kotak Mahindra Bank Gold Loan Features & Benefits

Kotak Mahindra Bank’s Gold loan is one of the most popular financial products offered by the bank. The product has a number of features and benefits that make it an attractive option for borrowers.

Some of the key features of Kotak Mahindra Bank’s Gold loan include:

  • Fast processing: The Kotak Mahindra Bank Gold Loan is processed quickly, so borrowers can get their money quickly
  • Low-interest rates: The interest rate for the Gold loan is lower than the other loans. This makes it an attractive option for borrowers who want to take out a long-term loan.
  • Flexible repayment options: You can choose to repay the Kotak Mahindra Gold Loan over a period of up to 4 years. The Gold loan allows borrowers to choose from a number of flexible repayment options, including monthly, quarterly, and yearly repayments. This makes it easy for borrowers to manage their finances and get their debt paid off in a timely manner.
  • Safe and secure: The Kotak Mahindra Bank Gold Loan is safe and secure, with a wide range of protection measures in place.
  • No hidden fees: There are no hidden fees associated with the Kotak Mahindra Bank Gold loan, which makes it a cost-effective option for borrowers.
  • Easy to understand terms: The terms of the Kotak Mahindra Gold Loan are clearly laid out, making it easy for borrowers to understand. This makes the process of getting a loan simpler and easier.

Eligibility Criteria For Kotak Mahindra Bank Gold Loan

The eligibility criteria for Kotak Mahindra Bank gold loan are as follows:

  • You should be above the age of 18 years.
  • You should be an Indian resident.
  • You should have a regular source of income.
  • You should have gold ornaments/jewellery or coins, which you can pledge.
  • The purity of gold should be more than 18 carats.

Kotak Mahindra Bank Gold Loan Documents Required

Here are some of the documents you will need to apply for a gold loan from Kotak Mahindra Bank;

  • Identity Proof
  • Address Proof
  • Signature Proof
  • 2 passport size photographs
  • PAN is a must if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines( needs to be included for Non-customers)
  • Gold Purity Certificate

EMI Calculator

If you’re looking for an easy way to calculate your EMI for a Kotak Mahindra Bank gold loan, our online calculator can help. Simply enter the amount of gold you want to borrow, the interest rate, and the repayment period. The calculator will automatically generate the corresponding EMI amount. You can also select a loan tenure and use our advanced filtering options to find the best loan for you.

Fees and charges

Interest Rate8% to 17%.
Processing fee for the loanUp to 2% of the loan amount + GST
Overdue Interest3% of the month overdue
Foreclosure ChargesUp to 2% of the foreclosure amount
Dishonour ChargesRs.750
Legal / Incidental ChargesActual charges
No Due CertificateRe.0 to Rs.50 as per the discretion of the bank.
Swap ChargesUp to Rs.500 per swap.
Stamping ChargesApplicable as per the concerned State’s Stamp Act.

How to Apply for Kotak Mahindra Bank Gold Loan

Here are the steps to apply for a gold loan from Kotak Mahindra Bank:

  • Go to the bank’s website and sign in.
  • Click on ‘Loan Products’ on the top left corner of the homepage.
  • Click on ‘Gold Loan’ on the right side of the homepage.
  • On the next page, enter your personal information such as name, address, and contact number. You will also need to provide your recent bank statements and income tax returns if applicable.n
  • Select your repayment tenure and enter your monthly income. You can also add a security deposit if you want.
  • Click on ‘Apply Now’ to submit your application form. Kotak Mahindra Bank will contact you to discuss your eligibility for a gold loan soon after you have submitted your application form.

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Q. What is the interest rate on a Kotak Mahindra Bank gold loan?

Ans. The interest rate on a Kotak Mahindra Bank gold loan is 8% p.a. onward.

Q. How much can I borrow?

Ans. You can borrow up to 80% of the value of your gold.

Q. How long will it take to receive the money?

Ans. It usually takes around 4-5 hours for the money to arrive in your account.

Q. How long will it take me to repay my gold loan?

Ans. The repayment period for a gold loan is typically 4 years, but may be shorter depending on your credit score and other factors.


If you’re looking to get a loan from Kotak Mahindra Bank, be sure to check out their Gold Loan options. This type of loan is perfect for people who want to invest in property or business ventures, and the interest rates are extremely competitive.

Plus, if you meet certain criteria (such as having good credit ratings), you could qualify for an even lower interest rate on your gold Loan. So whether you’re planning on buying a property or starting your own business, make sure to give Kotak Mahindra Bank a call and see what kind of loan options they have available to you.

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Hey, I'm Ansar Ansari a professional blogger and web designer. I like to gain every type of knowledge that's why I have done many courses in different fields like banking, finance, and business. I love thrills and travelling to new places and hills.

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