Kotak Mahindra Bank Launches Smart Choice Gold Loan.

Banking & Finance | Dated: 20 Feb 2026

Kotak Mahindra Bank announced the launch of its Smart Choice Gold Loan scheme, offering a fixed interest rate and zero processing fee to attract customers. The product is designed to provide quick liquidity with minimal documentation and highly flexible repayment options.

🎯 Key Highlights:

  • The bank offers loans up to Rs 50 lakhs under this scheme.
  • It targets both agricultural and non-agricultural segments.
  • The gold loan market in India is expanding rapidly due to rising gold prices.

💡 Other Important Facts:

  • Bank: Kotak Mahindra.
  • Product: Gold Loan.
  • Feature: Zero Processing Fee.

📚 Test Your Knowledge:

Which private sector bank recently launched the Smart Choice Gold Loan offering zero processing fees?

Correct Answer: Kotak Mahindra Bank

🚀 Quick Recap:

About Kotak Mahindra Bank

  • MD & CEO – Ashok Vaswani
  • HQ – Mumbai