# Kotak Mahindra business loans > Kotak Mahindra is on Recur Club's lender panel, writing dropline overdraft, overdraft / cash credit, purchase invoice discounting and 3 other products. Source: https://www.recurclub.com/lenders/kotak-mahindra Last updated: 2026-09-29 Also offered, with no terms observed yet: Dropline Overdraft, Overdraft / Cash Credit, Purchase Invoice Discounting, Sales Invoice Discounting, Secured Term Loan, Working Capital Demand Loan. ## Eligibility - Kotak Mahindra Bank Limited ### Will not fund - Won't be possible to take this case forward under the new-age credit parameters given thin margins and low liquidity. - Loss-making entity — deal won't fly through credit - Low margins and liquidity and lack of hard collateral - Won't be possible to take this case forward under the new-age credit parameters given thin margins and low liquidity. (×1 · latest ) ### Prefers - Kotak wants its security position to not be lower than any other bank on the facility - Prefers documents shared via OneDrive link - Aurbis deal is under review and may require hard collateral. - Not deploying CGTMSE/CGSS guarantee schemes despite government/RBI pressure, unlike IDFC and AU who are aggressive here (scheme cap raised ₹10 cr → ₹20 cr) - Not keen on Innovative Design — small scale and low collateral, with DP issues - …more in playbook - Kotak wants its security position to not be lower than any other bank on the facility - Prefers documents shared via OneDrive link - Aurbis deal is under review and may require hard collateral. - Not deploying CGTMSE/CGSS guarantee schemes despite government/RBI pressure, unlike IDFC and AU who are aggressive here (scheme cap raised ₹10 cr → ₹20 cr) - Not keen on Innovative Design — small scale and low collateral, with DP issues ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · Maharashtra, Delhi, Karnataka (varies by product) · avoid: Real Estate (non asset Light), Gems and Jewellery, Tobacco Products (varies by product) · positive sector: Financial Services (varies by product) · Private Limited, Public, Limited Liability Partner (varies by product) - Financials: TOL/adjusted tangible net worth ≤4 · debt/EBITDA ≤3 · debt/networth ≤3 · DSCR ≥1 - Deal: rate 8–16% (range across products — see matrix) · ticket ₹5–200cr · tenure 12–180mo (range across products — see matrix) - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (78%) · 1st charge on P&M (61%) · FD margin 20–30% (50%) - median ticket ₹12cr - median rate 11% - median turnaround — - Security asked in : 1st/pari-passu charge on current assets (×4), Personal Guarantee Of Promoters/Directors (×4), Escrow Of Cashflows (×3), Fixed Deposit <5% (×2) - Security asked in : 1st/pari-passu charge on current assets (×8), FD margin 20–30% (×5), Personal Guarantee Of Promoters/Directors (×5), 1st charge on P&M (×2) - Security asked in 2026: 1st/pari-passu charge on current assets (×18), Personal Guarantee Of Promoters / Directors / Property Owner (×14), 1st charge on P&M (×11), FD margin 20–30% (×9) - share → in-principle approval (initial interest): ≈17d - in-principle approval → sanction (underwriting): ≈103d ## Eligibility - KOTAK MAHINDRA INVESTMENTS LIMITED ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · pan-India - Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 - Deal: rate 10.5–15% · ticket ₹30–100cr · tenure 12–72mo - Security (observed): Personal Guarantee Of Promoters/Directors (100%) · 1st/pari-passu charge on current assets (60%) - Security asked in : Fixed Deposit <5% (×4), FD margin 5–10% (×4), FD margin 10–15% (×4), FD margin 15–20% (×4) - Security asked in : Personal Guarantee Of Promoters/Directors (×5), 1st/pari-passu charge on current assets (×3), FD margin 15–20% (×2), FD margin 5–10% (×1) - share → in-principle approval (initial interest): ≈0d ## Sanctioned terms (from 75 real sanction letters) ### Sanctioned amount: median ₹8.6 cr (₹6L–₹130 cr) · NEW ×19 · ENHANCEMENT ×12 · RENEWAL ×11 · ADHOC ×2 - median ₹8.6 cr (₹6L–₹130 cr) · NEW ×19 · ENHANCEMENT ×12 · RENEWAL ×11 · ADHOC ×2 ### Typical security: Fixed Deposit ×19, Current Assets ×16, Residential Property ×11, Industrial Property ×6, Moveable Fixed Assets ×5, Commercial Property ×5 - Fixed Deposit ×19, Current Assets ×16, Residential Property ×11, Industrial Property ×6, Moveable Fixed Assets ×5, Commercial Property ×5 ### Typical covenants: - Other standing covenants — 64% of letters (e.g. "KMBL to be primary banking; SPDC need to be taken from KMBL 9412511982.") - Other standing covenants — 64% of letters (e.g. "KMBL to be primary banking; SPDC need to be taken from KMBL 9412511982.") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Sanctioned terms (from 2 real sanction letters) ### Sanctioned amount: median ₹57.2 cr (₹44.5 cr–₹70 cr) · NEW ×2 - median ₹57.2 cr (₹44.5 cr–₹70 cr) · NEW ×2 ### Typical security: Receivables / Book Debts ×1, Immovable Property – Land ×1, Immovable Property – Bungalow ×1, Immovable property – bungalow ×1, Immovable property – land ×1, Immovable property – land/plot ×1 - Receivables / Book Debts ×1, Immovable Property – Land ×1, Immovable Property – Bungalow ×1, Immovable property – bungalow ×1, Immovable property – land ×1, Immovable property – land/plot ×1 ### Typical covenants: - No further borrowing without lender consent — 100% of letters (e.g. "Any change in the shareholding and management control of the Borrower shall require prior approval of the Lender; The Borrower shall not, without prior written …") - No further borrowing without lender consent — 100% of letters (e.g. "Any change in the shareholding and management control of the Borrower shall require prior approval of the Lender; The Borrower shall not, without prior written …") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Kotak Mahindra lend? Kotak Mahindra writes dropline overdraft, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, working capital demand loan. ### What are Kotak Mahindra's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. ### Who does Kotak Mahindra not fund? Won't be possible to take this case forward under the new-age credit parameters given thin margins and low liquidity. Sector and structure exclusions are listed in full on this page. ### What security does Kotak Mahindra ask for? Observed across sanctions: 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (78%) · 1st charge on P&M (61%) · FD margin 20–30% (50%). ### What documents does Kotak Mahindra ask for? Most often audited financials, cap table / equity, data room / datasets, debt schedule / sanction letters, mis. Having these ready before the first call is what shortens the turnaround. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Kotak Mahindra's current policy.