One of the top banks in India, Kotak Mahindra offers a variety of financial products and services to cater to the various demands of its clients. Consumer durable loans, personal loans, housing loans and other loan kinds are all available from Kotak Mahindra. The bank provides its customers with simple and quick solutions for online loan repayment since it recognises the value of convenience and hassle-free procedures.

An important step in the lending procedure is loan repayment. Whether it is a loan for consumer goods, a personal loan, or a mortgage, making EMI payments on time is essential to avoid late fees, penalties, and the potential for credit score downgrades. The Kotak Mahindra Bank provides both online and offline solutions for paying off loans.

Features and benefits of making Kotak Mahindra loan repayment on Bajaj Finserv

Here are the features and benefits of paying Kotak Mahindra loan using the Bajaj Finserv BBPS platform:

1. Quick and hassle-free

With Bajaj Finserv BBPS platform, you can pay your Kotak Mahindra loan quickly and effortlessly.

2. Safe and secure

Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.

3. Multiple payment options

Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.

4. Instant confirmation

After making the payment, the platform immediately confirms the payment through an email and SMS.

How to check Kotak Mahindra Bank loan statement

1. Log in to net banking or mobile banking for free access
2. On net banking, click on the 'INSTALLMENT LOANS' tab, on mobile banking, go to the 'LOANS' tab to find and review your statement
3. If needed, contact the customer contact centre for statement requests. Note: A charge of Rs. 250 + GST applies for statements requested through the customer contact centre
4. Settle charges online with the following details:
   • Beneficiary name: Customer name
   • Account type: Loan account
   • Account number: Loan account number
   • Branch name: Kotak Mahindra Bank, Kalina Branch
   • IFSC code: KKBK0000631
   • Branch code: 631
5. The statement of account will be issued within 1 working day after receiving the applicable charges


Fees and charges

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount including charges except taxes are reversed.

You can make Kotak Mahindra loan repayment online on Bajaj Finserv by following these steps:

1. Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
2. Open the app, log in, or register if you are a new user
3. Go to ‘BILLS AND RECHARGES’
4. Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
5. Choose your biller from the drop-down
6. Enter your loan number and click on ‘FETCH YOUR BILL’
7. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
8. After choosing your preferred payment mode, enter the requested payment details
9. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.