Looking for a Loan Against Securities to consolidate your debts from Kotak Mahindra Bank?

This page contains all the information you will need on Kotak Mahindra Bank’s Loan Against Securities.

Kotak Mahindra Bank Loan Against Securities

This loan helps borrowers get access to funds by pledging their securities to the bank. This secured loan can be used to meet any financial needs such as a child’s wedding, overseas travel, child’s education, medical emergency as well as to consolidate high-interest debts.

Features of Loan Against Securities from Kotak Mahindra Bank

Why this Loan?

  • The Kotak Mahindra Bank Loan Against Securities is an overdraft facility meant for borrowers who want to avail financial assistance by pledging securities such as shares, mutual funds, bonds, life insurance policies, etc. to meet their financial needs. Borrowers can also avail this scheme as a consolidation loan to pay off their debts
  • Interest is charged only on the utilised funds

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan is Rs. 20 lakh


  • As of October 2020, the interest rate applicable to this loan may range from 9.25% to 13.00%


  • The funds utilised from this overdraft facility must be repaid within 12 months. The facility can be renewed subject to conditions

Security Needed

  • The bank accepts pledging of securities for this loan

Processing Charges

  • The bank charges 2.00% of the loan amount with a minimum of Rs. 2,500 for processing this loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Self-employed Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Kotak Mahindra Bank Website: www.kotak.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 266 2666, 1800 209 0000