✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Check Eligibility

Kotak Mahindra Bank is a leading financial institution offering lucrative gold loans with minimal documentation requirements and numerous benefits.

Key Highlights of the Kotak Mahindra Bank Gold Loan

Here is an overview of the key features of Kotak Mahindra Bank Gold Loan:

Loan amount

  • Minimum – Rs. 20,000
  • Maximum – Rs. 1.5 Crores

Loan tenure

Up to 48 months

Interest rate

8% - 17% depending on borrowing purpose and profile

LTV ratio

65% - 75%

Disclaimer: The rates and details in the table are indicative and are subject to change at the discretion of the bank.

Features and Benefits

Here are some benefits and features associated with a Kotak Mahindra Bank Gold Loan:

Quick approval

The assessment and review process of the bank is quick, ensuring swift approval.

Hassle-free Disbursement

Not only that but the sanctioned funds are also disbursed to your bank account just as quickly. As such, you can meet your needs without any delay.

Easy-to-meet Eligibility Requirements

The eligibility criteria for a Kotak Mahindra Bank Gold Loan are simple, easing your application process.

Minimal Documentation

Also, you do not need to go through a complicated documentation process since the bank offers financing with minimal documentation.

Adequate Safety of Collateral

The bank stores your valuable gold ornaments or coins that you pledge as collateral safely. Therefore, you do not need to worry about any damage or loss to your asset.

Multiple Repayment Options

You can choose a tenure of up to 48 months and options like a bullet repayment scheme or make monthly, quarterly or half-yearly interest payments.

Interest Rates and Charges

The current interest rate starts from 8% and goes up to 24% per annum. The bank fixes the interest rates based on various factors, such as the loan tenure, the purpose of the loan, your profile, and more.

Check this table to know the fees and charges associated with a Kotak Mahindra Bank Gold Loan:

Processing fee

Up to 2% of the loan amount + GST

Stamping charges

As per the state’s Stamp Act

Documentation charges


Credit appraisal charges

Minimum: ₹350

Maximum: ₹1,500 (based on various factors)

Credit administration charges


Collection charges

Maximum 30% of the overdue amount

Overdue interest

3% of the overdue amount (compounded monthly)

Swap charges

Up to ₹500 per swap

Dishonour charges


Foreclosure charges

EMI/term loan with the term over 12 months:
Within 9 months: 2% + GST
Post 9 months: NIL

Bullet loan:
Within 6 months: 2% + GST
Post 6 months: NIL

No due certificate

NIL - ₹50 as per the discretion of the bank

Charges for CIBIL report

₹50 + service tax

Disclaimer: The rates and charges in the table are indicative and are subject to change at the discretion of the bank.

Eligibility Criteria & Documents Required

To get a Kotak Mahindra Bank Gold Loan, meet the following eligibility requirements:

  • You must be an Indian citizen

  • Your age must be between 18 and 75 years

  • You need a co-borrower if you are above 75 years

  • Gold ornaments pledged must be between 18 and 22 carats

  • Bank-minted coins that you are pledging must be 24 carats and must weigh up to 50 grams per customer only

You also need to submit the following documents:

Existing customers:

  • Latest address proof (if different than bank records) and signature proof

  • PAN card if the annual income is more than ₹5 Lakhs

New customers:

  • KYC documents (identity proof, address proof, signature proof)

  • 2 passport-size photographs

  • PAN card if the annual income is more than ₹5 Lakhs

  • ITR for a loan of more than ₹25 Lakhs

How to Apply for a Kotak Mahindra Bank Gold Loan

You can easily apply for the gold loan by following these steps:

  • Visit the bank’s official website and navigate to the ‘Gold Loan’ page

  • Enter basic details, such as your name, contact details, email ID and city

  • Agree to the terms and conditions and click on ‘Apply Now’

  • A bank representative will contact you regarding further steps and documentation process

  • After submitting your documents, you need to get your gold tested and verified at a branch

  • Post approval, you will receive the loan amount in your bank account


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Can new customers apply for a gold loan at Kotak Mahindra Bank?

Yes, new as well as existing customers can get a Kotak Mahindra Bank Gold Loan to fulfil their financial requirements.

Is applying for a gold loan at Kotak Mahindra Bank with a guarantor necessary?

No, you do not need a guarantor to get a gold loan from Kotak Mahindra Bank.

What are the various ways through which Kotak Mahindra Bank disburses the gold loan amount?

You can receive the gold loan amount through fund transfer, NEFT and RTGS.

How long does it take for Kotak Mahindra Bank to sanction the loan amount?

Kotak Mahindra Bank sanctions the gold loan amount within 90 to 120 minutes.

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