Kotak Mahindra Bank Gold Loan – Smart Choice & Regular Loan Details
Kotak Mahindra Bank offers quick and convenient Gold Loan options designed to meet urgent personal or business financial needs. With fast disbursal, attractive interest rates, and flexible repayment options, customers can pledge their gold ornaments (18–22 karat) and access instant funds.
Smart Choice Loan
- Interest Rate: 0.88% fixed per month (for loan amount ₹6 lakh & above, tenure 12 months)*
- Loan Amount: Up to ₹40 lakh
- Features: Speedy disbursal, convenient processing, foreclosure charges applicable
- Validity: Offer available till 31 March 2026
Regular Gold Loan
- Interest Rate: 9% to 20% p.a. (scheme & tenure dependent)
- Tenure: 6 months to 4 years
- Loan Amount: ₹50,000 to ₹1,50,00,000
- Repayment: EMI / Monthly / Quarterly / Half-yearly interest options
Eligibility
- Indian resident above 18 years
- Gold ornaments 18–22 karat or bank-minted coins (24K, max 50g per customer)
- Co-borrower required if the applicant is below 27 or above 70 years
Fees & Charges
- Processing Fee: Up to 2% of loan amount + GST
- Penal Charges: 8% p.a. on overdue amount
- Foreclosure/Part Payment: Charges applicable as per scheme
- Other Charges: Stamping charges, appraisal charges, recovery charges (as applicable)
Documents Required
- Valid ID proof & Address proof (as per KYC)
- Two passport-size photographs
- PAN (mandatory if income exceeds ₹5 lakh)
- Last 3 years ITR (for loans ₹40 lakh and above)
How to Apply
Visit your nearest Kotak Mahindra Bank branch with your gold and KYC documents. After valuation, the loan is sanctioned and disbursed quickly through bank transfer (NEFT/RTGS or Kotak Account Credit).
Disclaimer: All interest rates, fees, and loan terms are subject to change as per Kotak Mahindra Bank and RBI guidelines. Please visit the official Kotak Bank website or your nearest branch for updated information.
