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

Gold loans are one of the most sought-after instruments to finance personal and professional financial requirements. This financing option comes with no end-use restriction and is also easy to obtain. Additionally, upon meeting the eligibility, you can obtain a substantial loan corpus, which will help you meet your big-ticket financial needs. 

If you are looking for gold loans at competitive rates, you can consider approaching Kotak Mahindra Bank. Kotak Mahindra Bank Gold Loan comes with easy eligibility parameters and the application process is extremely convenient and hassle-free. 

Read to know more about the gold loan offered by Kotak Mahindra Bank. 

Key Highlights of Kotak Mahindra Bank Gold Loan

Here is a tabular representation of the key points to remember regarding 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 the purpose of borrowing

LTV ratio

65% - 75%

Note that these rates in the table are indicative and may change at the discretion of the bank. You must always have a clear discussion with the lender before opting for a loan.

Features and Benefits of Kotak Mahindra Bank Gold Loan

The Kotak Mahindra Bank Gold Loan exhibits various features and benefits, making it a viable option for emergency fund requirements. Here are the different features and benefits offered by the bank’s gold loan

Quick approval

Kotak Mahindra Bank offers quick approval on gold loan applications. Thus, you can now obtain the required funds swiftly upon meeting the eligibility parameters.

Minimal documentation

You do not need to go through a complicated documentation process to obtain a gold loan from Kotak Mahindra Bank, as the bank offers financing with minimal documentation. This makes the application process easy and hassle-free.

Multiple repayment options

Repaying your gold loan has become extremely convenient with multiple repayment options offered by Kotak Mahindra Bank. You can choose to repay your loan through a bullet repayment scheme or pay the interest either quarterly, half-yearly or annually.

Quick gold valuation

On meeting the eligibility and submitting necessary documents, a bank representative will assess your gold items immediately to value your pledged ornaments and arrive at a particular loan amount.

Kotak Mahindra Bank Gold Loan Interest Rate

Kotak Mahindra Bank offers gold loans under three schemes. The interest rate levied is solely at the discretion of the bank. Presently, the rate of interest varies from 8% to 17.00 % p.a, which is subject to change.

Interest has to be paid monthly/quarterly/half-yearly, depending on the chosen schemes, whereas the principal amount is to be paid at the time of maturity. 

Kotak Mahindra Bank Gold Loan Fees and Charges

When obtaining a Kotak Mahindra Bank Gold Loan, it is essential to have clear knowledge regarding the loan interest rate and associated charges. This is because additional fees and charges can significantly affect the cost of borrowing. 

Here is a tabular representation of Kotak Mahindra Bank Gold Loan fees and charges:

Processing fee

2% of loan amount + GST

Stamping charges

As per the state’s Stamp Act

Documentation charges


Credit appraisal charges

Minimum – Rs.350

Maximum – Rs.1,500 (based on the number of ornaments)

Credit administration charges


Collection charges

Maximum 30% of the overdue amount

Overdue interest

3% of the overdue amount (compounded monthly)

Swap charges

Up to Rs.500

Dishonour charges


Foreclosure charges

For bullet loan – 2% + GST if closed within 6 months

EMI loan – 2% + GST if closed within 9 months

No due certificate

NIL – Rs.50 

Charges for CIBIL report

Rs.50 + service tax


Note that the fees and charges mentioned above are for reference and might change at the discretion of the bank.

Kotak Mahindra Bank Gold Loan EMI Calculator

On knowing the Kotak Mahindra Bank Gold Loan interest rate, prospective borrowers need to assess their total cost of borrowing by calculating the EMIs beforehand. This will help them plan their repayments accordingly and steer clear of loan defaulting.

This can be easily done through an online Kotak Mahindra Bank Gold Loan EMI Calculator. This online tool is easily available and is free to use. To access this calculator, you simply need to enter the loan amount you wish to borrow, the tenure and interest rate. On entering these details, the calculator will display the estimated EMI within seconds. 

Furthermore, this online tool also displays the loan amortisation schedule, which comprises the interest and principal component. Getting access to this will help you make informed decisions regarding loan foreclosure and balance transfer.

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Kotak Mahindra Bank Gold Loan Eligibility Criteria & Documentation

One of the many benefits of obtaining a Kotak Mahindra Bank Gold Loan is that you do not have to go through tough eligibility parameters for loan application approval. Apart from that, the documentation process is also hassle-free. 

The eligibility criteria to obtain Kotak Mahindra Bank Gold Loan are as follows:

  • You need to be an Indian citizen aged between 18 and 75 years.

  • If you are older than 70 years, you will have to apply for a Kotak Mahindra Bank Gold Loan with a co-borrower.

  • The gold ornament you plan to keep as collateral should be between 18 carats and 22 carats.

  • If you plan to keep bank minted coins, the bank accepts such coins weighing up to 50 grams and 24 carats only.

Note that meeting the above-mentioned eligibility parameters will help in quick loan application approval. 

Besides the eligibility, you also need to submit a few essential documents to complete the application process. Find details about them below:

1. For existing customers:

  • Latest address proof and signature proof

  • PAN card, if annual income of the borrower is more than Rs.5 Lakhs

2. For new customers:

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

  • Two passport size photographs

  • PAN, if the annual income of the borrower is more than Rs.5 Lakhs

Additionally, you need to submit ITR if you are seeking a Kotak gold loan of more than Rs.25 Lakhs. The bank may ask you for additional documents if needed.

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How to Apply for Kotak Mahindra Bank Gold Loan?

The process to obtain a gold loan from Kotak Mahindra Bank is extremely convenient. You need to fill in an online application form by following these steps:

  • Step 1:

    Visit the official website of Kotak Mahindra Bank and navigate to the ‘Gold Loan’ page.

  • Step 2:

    Enter a few basic details, such as your name, contact details and city name.

  • Step 3:

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

  • Step 4

    After following these steps, a bank representative will get in touch with you regarding further steps and documentation process.

How to Repay Kotak Mahindra Bank Gold Loan?

You can choose to repay your Kotak Mahindra Bank Gold Loan through any of the following ways:

  • Pay off interest in EMIs and principal at tenure end

Under this option, you can repay the interest component of your loan either quarterly, half-yearly or yearly.  You can repay the principal amount at the end of tenure.

  • Bullet repayment scheme 

You can also repay your gold loan through the bullet repayment scheme, which allows you to repay the corpus (comprising of the interest and principal) in a single lump sum at the end of tenure.

Kotak Mahindra Bank Gold Loan Interest Rate Comparison

Before proceeding with Kotak Mahindra Bank Gold Loan, it is essential to compare the interest rates offered by different banks and financial institutions across the country. 

The below table will help you draw a comparison between gold loan interest rates:

Name of Bank/NBFC

Max. loan amount

Interest rate


Rs.1 Crore

Starting from 11% 

Axis Bank

Rs.25 Lakhs

Starting from 13.5%

State Bank of India

Rs.50 Lakhs

Starting from 7.3%

Punjab National Bank

Rs.10 Lakhs

Starting from 8.75% 

Bajaj Finserv

Rs.2 Crores

Starting from 9.5% 


Rs.1 Crore

Starting from 6.5% 

Indian Bank

Rs.10 Lakhs

Starting from 8.25%

Canara Bank

Rs.35 Lakhs

Starting from 7.25%

IndusInd Bank

Rs.20 Lakhs

Starting from 8.75%

Bank of Baroda

Rs.50 Lakhs

Starting from 7.75%

For an in-depth comparison, you can consider visiting Bajaj Markets. This will help you draw a detailed comparison between different lenders and choose the one that best suits your requirements.

Apart from assessing the interest rate and maximum loan amount, consider checking the additional fees and charges too. This is because such associated charges can have a substantial impact on your overall cost of borrowing.


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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FAQs on Kotak Mahindra Bank Gold Loan

Kotak Mahindra Bank approves the gold loan quickly within four hours.

Under the bullet repayment scheme, the loan tenure is 12 months. However, you can renew the loan term for 24 months by submitting the same loan documents with a renewal form.

You can provide gold jewellery or bank minted coins as collateral to obtain a gold loan from Kotak Mahindra Bank.

The gold loan rate per gram as of now is Rs.3,000. Thus, your total loan amount will depend on this amount.

You can contact the bank for application status tracking. Alternatively, you can also visit the nearest branch to get more details.

You can visit the official Kotak Mahindra Bank website and click on ‘Make a Payment’ to pay your interest online.

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