Key takeaways: ICICI Bank vs Kotak Mahindra Bank
- For a personal loan, ICICI Bank starts lower (9.99%) versus 10.99% at Kotak Mahindra Bank.
- For a home loan, Kotak Mahindra Bank starts lower (7.60%) versus 8.50% at ICICI Bank.
- All of them publish a numeric starting rate for: personal loan and home loan. That is the part of this page you can rank like for like.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Pick ICICI Bank if you want
- The lower published starting personal loan rate (9.99%)
- The longer personal loan tenure (84 months (min 12 months))
- The longer home loan tenure (up to 30 years based on eligibility)
- The widest range of loan types with a published rate (6)
Pick Kotak Mahindra Bank if you want
- The lower published starting home loan rate (7.60%)
ICICI Bank vs Kotak Mahindra Bank at a glance
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Loan provider type | Private bank | Private bank |
| Legal name | ICICI Bank Limited | Kotak Mahindra Bank Limited |
| Loan types with a published rate | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan | Personal loan, Home loan |
| Personal loan: published rate | Starts at 9.99% p.a. | Starts at 10.99% p.a. |
| Personal loan: maximum tenure | 84 months (min 12 months) | Up to 6 years |
| Home loan: published rate | Starts from 8.50% p.a. | Starting @7.60% p.a.* |
| Home loan: maximum tenure | Up to 30 years based on eligibility | Up to 25 years |
| Official website | icici.bank.in | kotak.bank.in |
Searching for Kotak Mahindra Bank vs ICICI Bank instead? It is the same comparison, so both open this page.
ICICI Bank vs Kotak Mahindra Bank personal loan: rate, fees and tenure
Starting personal loan rates as published: ICICI Bank from 9.99% and Kotak Mahindra Bank from 10.99%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. ICICI Bank lists the longer maximum tenure (84 months (min 12 months)).
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Starts at 9.99% p.a. | Starts at 10.99% p.a. |
| Rate basis | fixed; varies by loan amount, profile, employment type, relationship | fixed |
| Loan amount | Rs 50,000 to Rs 50,00,000 | Up to ₹1 crore |
| Maximum tenure | 84 months (min 12 months) | Up to 6 years |
| Processing fee | Up to 2% of loan amount + applicable taxes | Up to 5% of final loan amount + taxes, non-refundable |
| Prepayment / foreclosure | Foreclosure allowed after 1 EMI; no foreclosure charges after 24 EMIs, charges may apply before per service charges | 4% + taxes on outstanding principal/part-payment up to 3 years; 2% + taxes after 3 years |
| Eligibility (as published) | Salaried age 18-58 (FAQ: 20-58), min income Rs 30,000/month; self-employed 23+; CIBIL 750+ preferred | Not published |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/personal-loan | kotak.bank.in/en/personal-banking/loans/personal-loan.html kotak.bank.in/en/personal-banking/loans/personal-loan/fees-and-charges.html |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
| Kotak Mahindra Bank | 10.99% | ₹10,869 | ₹1,52,123 | ₹6,52,123 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Personal loan
ICICI Bank vs Kotak Mahindra Bank personal loan: full comparison with EMI, fees and FAQs
ICICI Bank vs Kotak Mahindra Bank home loan: rate, fees and tenure
Starting home loan rates as published: ICICI Bank from 8.50% and Kotak Mahindra Bank from 7.60%. Kotak Mahindra Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. ICICI Bank lists the longer maximum tenure (up to 30 years based on eligibility).
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Starts from 8.50% p.a. | Starting @7.60% p.a.* |
| Rate basis | floating (tied to RBI repo rate) or fixed; varies by profile | Hybrid option: fixed for 39/52/65 months then floating linked to Repo Rate plus spread |
| Loan amount | Up to Rs 10 crore (og description says Rs 5 crore) | Up to ₹40 crore |
| Maximum tenure | Up to 30 years based on eligibility | Up to 25 years |
| Processing fee | Up to 2% of loan amount + applicable taxes | Up to 2% of loan amount + taxes; ₹5,000 + taxes upfront at login adjusted against total fee; flat ₹5,000 for women applicants |
| Prepayment / foreclosure | Nil for floating-rate home loans; fixed-rate not stated | Floating-rate individual borrowers: Nil; fixed-rate individual borrowers: 1% per year of residual tenure capped at 3% |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+ (FAQ: ideally 750+); residents and NRIs | Not published |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/home-loan | kotak.bank.in/en/personal-banking/loans/home-loan.html kotak.bank.in/en/personal-banking/loans/home-loan/fees-and-charges.html |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 8.50% | ₹43,391 | ₹54,13,879 | ₹1,04,13,879 |
| Kotak Mahindra Bank | 7.60% | ₹40,586 | ₹47,40,627 | ₹97,40,627 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Home loan
ICICI Bank vs Kotak Mahindra Bank home loan: full comparison with EMI, fees and FAQs
ICICI Bank vs Kotak Mahindra Bank loan against property: rate, fees and tenure
None of these loan providers publishes a plain starting rate for a loan against property; some tie the rate to a benchmark and add a spread, which is shown in the table as published. ICICI Bank and Kotak Mahindra Bank do not publish a numeric starting rate for this product on their site.
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Not published | Page metadata: @9.15% p.a.; interest-rate page title: @9.50% |
| Rate basis | Not published | Hybrid: fixed for 39/52/65 months then Repo Rate plus spread |
| Loan amount | Up to 75% of property market value may be availed (LTV, per FAQ) | Rs. 10 lakh to Rs. 5 crore |
| Maximum tenure | Up to 15 years | Not published |
| Processing fee | Not published | Up to 1% (non-refundable) per product page; FAQ: 1% + GST + statutory charges |
| Prepayment / foreclosure | Nil foreclosure charges for SMEs; others per service charges page | Floating-rate individual borrowers: no foreclosure charges |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+; residents and NRIs | Not published |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/home-loan/loan-against-property | kotak.bank.in/en/business/loans/loan-against-property.html kotak.bank.in/en/get-help/lap-fees-charges-faqs.html |
Read the full guide: Loan against property
ICICI Bank vs Kotak Mahindra Bank business loan: rate, fees and tenure
None of these loan providers publishes a plain starting rate for a business loan; some tie the rate to a benchmark and add a spread, which is shown in the table as published. ICICI Bank and Kotak Mahindra Bank do not publish a numeric starting rate for this product on their site.
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Secured: up to Repo Rate + 6.0% (non-PSL); CGTMSE-backed: up to Repo Rate + 6.50% | Not published |
| Rate basis | repo-linked | Not published |
| Loan amount | Not published | Rs.3 lakhs to Rs.1 crore (up to Rs.3 crore for loans against credit card receivables) |
| Maximum tenure | Not published | Up to 60 months (stated for Doctors & CA) |
| Processing fee | Up to 2% of facility amount + applicable taxes | Up to 2% of loan/facility amount + applicable taxes; nil for micro/small enterprises on total facilities up to ₹5 lakhs with URC |
| Prepayment / foreclosure | Per sanction letter terms; nil foreclosure charges for micro and small enterprises | Foreclosure 4% of outstanding + taxes; part payment not allowed |
| Eligibility (as published) | Not published | Business vintage at least 3 years, turnover min Rs.40 lakhs, profitable at least 1 year; applicant age 25 to 65 at maturity |
| Other terms published | Not published |
|
| Official source | icici.bank.in/business-banking/business-loans/schedule-of-charges | kotak.bank.in/en/business/loans/business-loan.html kotak.bank.in/en/business/loans/business-loan/fees-and-charges.html |
Read the full guide: Business loan
ICICI Bank vs Kotak Mahindra Bank gold loan: rate, fees and tenure
Only ICICI Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Kotak Mahindra Bank does not publish a numeric starting rate for this product on its site.
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Ranges from 8.55% to 16.50% (Q4 Jan-Mar 2026 per page; FAQ min 8.75%, meta description 'starting at 9.25%') | 0.88% per month* (fixed, loan above INR 8 lakh with tenure over 12 months); general range 9% to 20% p.a. |
| Rate basis | Not published | fixed |
| Loan amount | Up to Rs 3 crore (meta description says Rs 2 Cr) | Not published |
| Maximum tenure | Not published | Up to 4 years |
| Processing fee | Up to 2% of loan amount + applicable taxes | 2% of loan amount + GST per charges schedule (page FAQ also says no processing fee) |
| Prepayment / foreclosure | Not published | Individuals/medium enterprises: 2% of prepaid amount + taxes; micro/small enterprises up to ₹50 lakh: Nil |
| Eligibility (as published) | Indian citizens aged 18-85 | Indian resident aged 18 or above, gold of 18 karat or higher |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/gold-loan | kotak.bank.in/en/personal-banking/loans/gold-loan.html |
Read the full guide: Gold loan
ICICI Bank vs Kotak Mahindra Bank education loan: rate, fees and tenure
Only ICICI Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Kotak Mahindra Bank does not publish a numeric starting rate for this product on its site.
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Published rate | Starts at 8.50% p.a. up to 10.25% p.a. (indicative) | Not published |
| Rate basis | varies by secured/unsecured, course type and institute category | Not published |
| Loan amount | Up to Rs 3 crore | Up to Rs. 20 Lakhs for education abroad |
| Maximum tenure | Up to 15 years | Not published |
| Prepayment / foreclosure | No foreclosure charges | Not published |
| Eligibility (as published) | Indian national; age 16-65 at maturity; 10+2 or diploma; confirmed admission to listed institute; good academic record | Not published |
| Other terms published |
|
|
| Official source | icici.bank.in/personal-banking/loans/education-loan | kotak.bank.in/en/personal-banking/loans/education-loan.html kotak.bank.in/en/personal-banking/loans/education-loan/fees-and-charges.html |
Read the full guide: Education loan
ICICI Bank vs Kotak Mahindra Bank vehicle loans
Vehicle loan terms as these loan providers publish them.
| Detail | ICICI Bank | Kotak Mahindra Bank |
|---|---|---|
| Car loan: published rate | From 8.40% | Not published |
| Car loan: maximum tenure | Up to 84 months | 12 - 84 months |
| Car loan: processing fee | Up to Rs 8,500 + GST | Not published |
| Two-wheeler loan: published rate | 10.25% - 26.10% | Not published |
| Two-wheeler loan: maximum tenure | Up to 36 months | 12 - 36 months |
| Two-wheeler loan: processing fee | Up to 4% of loan amount | Not published |
Which is better: ICICI Bank or Kotak Mahindra Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Personal loan, lower starting rate: ICICI Bank (9.99%) versus 10.99% at Kotak Mahindra Bank.
- Home loan, lower starting rate: Kotak Mahindra Bank (7.60%) versus 8.50% at ICICI Bank.
- Personal loan, longer maximum tenure: ICICI Bank (84 months (min 12 months)). A longer tenure lowers the EMI but raises total interest.
- Home loan, longer maximum tenure: ICICI Bank (up to 30 years based on eligibility). A longer tenure lowers the EMI but raises total interest.
Pick on total cost, not the headline rate: ask each loan provider for the Key Fact Statement and compare the APR and total repayable amount. A low rate with a high processing fee can cost more than a slightly higher rate with no fee. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
ICICI Bank and Kotak Mahindra Bank are private banks.
How the loan providers' own pages say their rates are set:
- ICICI Bank personal loan: fixed; varies by loan amount, profile, employment type, relationship.
- ICICI Bank home loan: floating (tied to RBI repo rate) or fixed; varies by profile.
- Kotak Mahindra Bank personal loan: fixed.
- Kotak Mahindra Bank home loan: Hybrid option: fixed for 39/52/65 months then floating linked to Repo Rate plus spread.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About ICICI Bank and Kotak Mahindra Bank
ICICI Bank
Private bank · ICICI Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on ICICI Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.50% (Home loan)
Kotak Mahindra Bank
Private bank · Kotak Mahindra Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on Kotak Mahindra Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 7.60% (Home loan)
Explore each loan provider: loans, calculators and more comparisons
ICICI Bank
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- Ask for the Key Fact Statement (KFS). RBI requires loan providers to give you one before you sign, showing the interest rate, all fees, the APR and the total amount you will repay.
- Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources, method and last check
Every figure above comes from the loan provider's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- ICICI Bank: icici.bank.in/personal-banking/loans/personal-loan · icici.bank.in/personal-banking/loans/home-loan · icici.bank.in/personal-banking/loans/home-loan/loan-against-property · icici.bank.in/business-banking/business-loans/schedule-of-charges · icici.bank.in/personal-banking/loans/gold-loan · icici.bank.in/personal-banking/loans/education-loan
- Kotak Mahindra Bank: kotak.bank.in/en/personal-banking/loans/personal-loan.html · kotak.bank.in/en/personal-banking/loans/personal-loan/fees-and-charges.html · kotak.bank.in/en/personal-banking/loans/home-loan.html · kotak.bank.in/en/personal-banking/loans/home-loan/fees-and-charges.html · kotak.bank.in/en/business/loans/loan-against-property.html · kotak.bank.in/en/get-help/lap-fees-charges-faqs.html
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| ICICI Bank | 10 | 6 | 2 | 12 October 2026 |
| Kotak Mahindra Bank | 14 | 2 | 6 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, and we never estimate one. Rankings use the published starting rate and published maximum tenure only. Read our editorial policy, how we make money and tell us about an error.
More loan provider comparisons
ICICI Bank compared with other loan providers (15)
Kotak Mahindra Bank compared with other loan providers (9)
Add a third loan provider to ICICI Bank vs Kotak Mahindra Bank (5)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: ICICI Bank or Kotak Mahindra Bank?
For a personal loan, ICICI Bank starts lower (9.99%) versus 10.99% at Kotak Mahindra Bank. For a home loan, Kotak Mahindra Bank starts lower (7.60%) versus 8.50% at ICICI Bank. A starting rate is the best case, not a typical offer, so confirm the annual percentage rate (APR) and total repayable amount in each loan provider's Key Fact Statement. Figures are as published on the loan providers' own websites and checked 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
Kotak Mahindra Bank or ICICI Bank: which should I pick for a loan?
Order does not change the comparison, so ICICI Bank vs Kotak Mahindra Bank and Kotak Mahindra Bank vs ICICI Bank are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
Which has the lower personal loan interest rate: ICICI Bank or Kotak Mahindra Bank?
ICICI Bank has the lower published starting rate. Published starting rates: ICICI Bank 9.99% and Kotak Mahindra Bank 10.99% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the personal loan processing fee at ICICI Bank and Kotak Mahindra Bank?
ICICI Bank: Up to 2% of loan amount + applicable taxes. Kotak Mahindra Bank: Up to 5% of final loan amount + taxes, non-refundable. Fees can change and GST is usually extra, so check the Key Fact Statement.
Which has the lower home loan interest rate: ICICI Bank or Kotak Mahindra Bank?
Kotak Mahindra Bank has the lower published starting rate. Published starting rates: ICICI Bank 8.50% and Kotak Mahindra Bank 7.60% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the home loan processing fee at ICICI Bank and Kotak Mahindra Bank?
ICICI Bank: Up to 2% of loan amount + applicable taxes. Kotak Mahindra Bank: Up to 2% of loan amount + taxes; ₹5,000 + taxes upfront at login adjusted against total fee; flat ₹5,000 for women applicants. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at ICICI Bank and Kotak Mahindra Bank?
ICICI Bank: up to 30 years based on eligibility. Kotak Mahindra Bank: up to 25 years.
How much personal loan can I get from ICICI Bank and Kotak Mahindra Bank?
ICICI Bank: Rs 50,000 to Rs 50,00,000. Kotak Mahindra Bank: Up to ₹1 crore. The loan provider decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at ICICI Bank and Kotak Mahindra Bank?
Over 5 years at each loan provider's lowest published rate: ICICI Bank about ₹10,621 a month at 9.99%; Kotak Mahindra Bank about ₹10,869 a month at 10.99%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
What is the EMI on a ₹50 lakh home loan at ICICI Bank and Kotak Mahindra Bank?
Over 20 years at each loan provider's lowest published rate: ICICI Bank about ₹43,391 a month at 8.50%; Kotak Mahindra Bank about ₹40,586 a month at 7.60%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
Can I prepay or foreclose a home loan early at ICICI Bank and Kotak Mahindra Bank?
ICICI Bank: Nil for floating-rate home loans; fixed-rate not stated. Kotak Mahindra Bank: Floating-rate individual borrowers: Nil; fixed-rate individual borrowers: 1% per year of residual tenure capped at 3%. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do ICICI Bank and Kotak Mahindra Bank publish rates for?
ICICI Bank: personal loan, home loan, gold loan, education loan. Kotak Mahindra Bank: personal loan, home loan. Based on each loan provider's own website, checked 12 October 2026.
Are ICICI Bank and Kotak Mahindra Bank regulated by the RBI?
ICICI Bank and Kotak Mahindra Bank are banks regulated by the Reserve Bank of India (RBI). Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare ICICI Bank and Kotak Mahindra Bank on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at ICICI Bank and Kotak Mahindra Bank?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
Are the rates on this page the rate I will get?
No. They are the rates the loan providers publish, usually a range or a starting rate. Your approved rate depends on your credit score, income, loan amount, tenure and, for secured loans, the asset. Always read the Key Fact Statement before you sign.
Does KhatuLoans lend money or charge for this comparison?
KhatuLoans is not a loan provider. The loan provider decides approval, rate and terms. Our comparisons are free to read, and we are not paid by the loan providers named here to rank them. See how we make money on our advertiser disclosure page.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.