SBI vs Kotak Mahindra Bank Personal Loan: Which Should You Choose?
A side-by-side comparison of SBI and Kotak Mahindra Bank personal loan on the things that affect your wallet. Figures are illustrative 2026 ranges — your actual offer depends on your profile.
SBI
Personal Loan
- Interest rate
- from 11.15% p.a.
- Max amount
- ₹30 Lakh
- Max tenure
- 6 years
- Processing fee
- up to 1.5%
Kotak Mahindra Bank
Personal Loan
- Interest rate
- from 10.99% p.a.
- Max amount
- ₹35 Lakh
- Max tenure
- 6 years
- Processing fee
- up to 3%
The verdict
Kotak Mahindra Bank advertises a lower starting rate (from 10.99% p.a. vs 11.15% p.a.), but the rate you actually get depends on your credit profile and income. SBI may still win on amount, tenure or speed for your situation — so compare your real offers from both before deciding.
Compare your real offersSoft check — won't affect your credit score.
Choose SBI if…
- • Lower rates for government/PSU employees
- • Low processing fee
- • Loans up to ₹30 Lakh
Choose Kotak Mahindra Bank if…
- • Fast digital approval
- • Loans up to ₹35 Lakh
- • Flexible tenure
SBI vs Kotak Mahindra Bank — FAQs
Which is better, SBI or Kotak Mahindra Bank personal loan?+
Kotak Mahindra Bank advertises a lower starting rate (from 10.99% p.a. vs 11.15% p.a.), but the rate you actually get depends on your credit profile and income. SBI may still win on amount, tenure or speed for your situation — so compare your real offers from both before deciding.
Is SBI or Kotak Mahindra Bank cheaper for a personal loan?+
SBI starts from 11.15% p.a. and Kotak Mahindra Bank from 10.99% p.a., but your final rate depends on your credit score and income. Always compare the total cost (rate + fees) over the full tenure.
Can I compare SBI and Kotak Mahindra Bank on RupeeQuik?+
Yes. Compare your eligible offers from both with a soft credit check that doesn't affect your score, then apply to the best-fit option.
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