Homearrow_0265f88342Kotak MCLR Rate

Kotak MCLR Rate

Apply Now

Current Kotak Mahindra Bank MCLR ranges from 8.10% - 9.30% for different tenures w.e.f 16 May 2025. The MCLR is the minimum rate of interest, below which the bank can not charge for its loans. The bank determines this rate every month.

  • Top Banks
  • MCLR Rate Trend
  • Home Loan Interest Rate & MCLR
  • 6 Months MCLR Rate
  • MCLR Rate History

MCLR Rate by Top Banks

The Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum interest rate that lenders can charge on their loan products. The MCLR affects the lower limit of the MCLR-based loan rate of interest.

Following is the Kotak MCLR and MCLR rates of top banks in India at present:

Bank NameOvernight1 Month3 Months6 Months1 Year2 Years3 Years
Kotak Bank8.10%8.35%8.80%9.15%9.20%9.20%9.30%
Canara Bank8.25%8.35%8.45%8.80%9.00%9.30%9.40
Axis Bank9.15%9.15%9.25%9.30%9.35%9.45%9.50%
Yes Bank9.10%9.45%10.10%10.35%10.50%NANA
HDFC Bank9.05%9.10%9.20%9.35%9.40%9.40%9.40%
ICICI Bank8.60%8.60%8.65%9.00%9.10%NANA
SBI8.20%8.45%8.50%8.85%8.95%9.05%9.10%
PNB8.30%8.35%8.55%8.75%8.90%NA9.20%
PSB8.20%8.45%8.55%8.85%9.10%NANA
Citibank6.65%6.90%6.95%7.00%6.95%NANA
Bank of Baroda8.15%8.35%8.50%8.75%8.95%NANA
IndusInd Bank10.20%10.25%10.40%10.55%10.55%10.55%10.55%
IDFC FIRST Bank10.20%10.20%10.40%10.60%10.70%NANA
Bank of India8.15%8.40%8.55%8.75%8.95%NA9.10%
Central Bank of India8.10%8.15%8.50%8.70%8.85%NANA
Federal Bank9.45%9.50%9.55%9.65%9.70%NANA
IDBI Bank8.40%8.55%8.85%9.10%9.15%9.70%10.10%
Indian Overseas Bank8.20%8.45%8.60%8.85%8.95%9.00%9.15%
UCO Bank8.20%8.35%8.50%8.80%8.95%NANA
HSBC Bank8.30%8.45%8.60%8.70%8.75%NANA

Kotak Bank MCLR Rate Trend

Below is the Kotak Bank MCLR trend in the year 2025:

Last MCLR Updated Date TenureMCLR
16.05.2025Overnight8.10%
1 Month8.35%
3 Months8.80%
6 Months9.15%
1 Year9.20%
2 Year9.20%
3 Year9.30%
16.08.2024Overnight8.75%
1 Month9.00%
3 Months9.15%
6 Months9.40%
1 Year9.55%
2 Year9.55%
3 Year9.65%
16.06.2024Overnight8.70%
1 Month8.95%
3 Months9.10%
6 Months9.35%
1 Year9.50%
2 Year9.50%
3 Year9.60%
16.04.2024Overnight8.65%
1 Month8.90%
3 Months9.05%
6 Months9.30%
1 Year9.45%
2 Year9.50%
3 Year9.60%
16.02.2024Overnight8.65%
1 Month8.90%
3 Months9.05%
6 Months9.30%
1 Year9.45%
2 Year9.50%
3 Year9.60%
16.01.2024Overnight8.55%
1 Month8.80%
3 Months8.95%
6 Months9.30%
1 Year9.45%
2 Year9.50%
3 Year9.60%
16.07.2023Overnight8.35%
1 Month8.60%
3 Months8.75%
6 Months9%
1 Year9.20%
2 Year9.20%
3 Year9.35%
16.05.2023Overnight8.35%
1 Month8.60%
3 Months8.75%
6 Months9%
1 Year9.20%
2 Year9.20%
3 Year9.35%
16.04.2023Overnight8.25%
1 Month8.50%
3 Months8.65%
6 Months8.90%
1 Year9.10%
2 Year9.10%
3 Year9.25%
16.11.2022Overnight7.80%
1 Month8.05%
3 Months8.20%
6 Months8.40%
1 Year8.55%
2 Year8.85
3 Year9.05%
16.10.2022Overnight7.70%
1 Month7.95%
3 Months8.05%
6 Months8.30%
1 Year8.45%
2 Year8.75%
3 Year8.95%
16.08.2022Overnight7.35%
1 Month7.60%
3 Months7.70%
6 Months7.95%
1 Year8.10%
2 Year8.40%
3 Year8.60%
16.06.2022Overnight 7.10%
1 Month 7.35%
3 Months7.45%
6 Months7.70%
1 Year7.85%
2 Year8.15%
3 Year8.35%
16.05.2022Overnight 7.10%
1 Month 7.35%
3 Months7.45%
6 Months7.70%
1 Year7.85%
2 Year8.15%
3 Year8.35%
16.04.2022Overnight 6.65%
1 Month 6.90%
3 Months6.95%
6 Months7.25%
1 Year7.40%
2 Year7.70%
3 Year7.90%
16.03.2022Overnight 6.60%
1 Month 6.85%
3 Months6.90%
6 Months7.20%
1 Year7.35%
2 Year7.65%
3 Year7.85%
16.01.2022Overnight 6.60%
1 Month 6.85%
3 Months6.90%
6 Months7.20%
1 Year7.25%
2 Year7.65%
3 Year7.85%

 You can also check Kotak Mahindra Bank Loan Against Property Online.

Best Loan against Property in India

Kotak Mahindra Bank Home Loan Interest Rate & MCLR

Kotak Mahindra Bank home loan interest rates sanctioned/renewed on/after 1st October, 2019 will be linked to the Reserve Bank of India (RBI) Policy Repo Rate. However, before that, the interest rates were linked to the MCLR of Kotak Mahindra Bank. Even a slight fluctuation in MCLR used to affect the housing loan rate of interest as well.

Following are the latest home loan interest rates at Kotak Mahindra Bank:

Kotak Mahindra Bank Home Loan Interest Rate 
Floating Category (Repo Rate: 6.50%)
Base Rate: 9.05% 
Type of Customer Effective Rate of Interest
Salaried individuals8.65%
Self-employed 8.75% - 9.00%

You can also check Loan Against Property Interest Rate Online.

Kotak MCLR 6 Months

The Marginal Cost of Funds based Lending Rate (K-MCLR) or Kotak 6 month MCLR, effective from May 16, 2025, is 8.10%.

The Kotak Mahindra Bank MCLR is updated every month on the 16th. Even a little change in the MCLR rate can significantly impact your home loan interest rate. For that reason, you must check the updated MCLR of the bank every month.

Following is the 6-month Kotak MCLR rate history for the year 2025:

Date of UpdateTenureMCLR
16.05.20256 Months8.10%
16.08.20246 Months9.40%
16.06.20246 Months9.35%
16.04.20246 Months9.30%
16.02.20246 Months9.30%
16.01.20246 Months9.30%
16.06.20236 Months9.00%
16.05.20236 Months9.00%
16.04.20236 Months8.90%
16.01.20226 Month7.20%
16.03.20226 Month7.20%
16.04.20226 Month7.25%
16.05.20226 Month7.70%
16.06.20226 Month7.70%
16.08.20226 Month7.95%
16.10.20226 Month8.30%
16.11.20226 Month8.40%

Kotak Bank MCLR History

There has been a constant change in the MCLR of Kotak Bank this year. Following is the Kotak Bank MCLR Rate history for the year 2025:

Last MCLR Updated Date MCLR
16.05.20258.10% - 9.30%
16.08.20248.75% - 9.65%
16.06.20248.70% - 9.60%
16.04.20248.65% - 9.60%
16.02.20248.65% - 9.60%
16.01.20248.55% - 9.60%
16.06.20238.35% - 9.35%
16.04.20238.35% - 9.35%
16.04.20238.25% - 9.25%
16.11.20227.80% - 9.05%
16.10.20227.70% - 8.95%
16.08.20227.35% - 8.60%
16.06.20227.10% - 8.35%
16.05.20227.10% - 8.35%
16.04.20226.65% - 7.90%
16.03.20226.60% - 7.85%
16.01.20226.60% - 7.85%

You can also Check Loan Against Property Without Income Proof and ITR

Kotak Mahindra Bank MCLR Rate FAQs

The MCLR rate today at Kotak Mahindra Bank varies between 8.10% - 9.30%, depending on the tenure w.e.f 16.08.2024.

The full form of MCLR is the Marginal Cost of the Fund-Based Lending Rate.

Yes. The lending rates linked to Repo Rate get affected due to a change in the Repo Rate set by the RBI. There will be an increase or decrease in the lending rate with an increase or decrease in the Repo Rate.

Updated On May 30, 2025
https://cdn2
Written By
https://cdn2
Written By Reshma RawatAssistant Content Manager of MyMoneyMantraCredit Cards, Credit Score, Personal Loan, Home Loan, etc.

Reshma Rawat is a passionate writer, with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra, and writes blogs & webpages on financial products (loans, credit cards, insurance, financial policies by government, mutual funds, etc.

linkedin_icon_20ae63a5ce
Learn More
Assistant Content Manager of MyMoneyMantra
https://cdn2
Reviewed By
https://cdn2
Written By Abhijeet SinghSenior Editor of MyMoneyMantraCredit Cards, Credit Score, Personal Loan, Home Loan, etc.

Abhijeet Singh has comprehensive experience in business writing, content management, SEO, social media and user analytics. Key areas of expertise include stock markets and personal finance.

linkedin_icon_20ae63a5ce
Learn More
Senior Editor of MyMoneyMantra