Kotak Mahindra Personal Loan EMI Calculator

Kotak Mahindra Bank personal loan EMI calculator is an online tool offered by Kotak Mahindra Bank that helps prospective personal...

Kotak Mahindra Bank personal loan EMI calculator is an online tool offered by Kotak Mahindra Bank that helps prospective personal loan borrowers calculate their loan installment amount that they will be required to pay every month. The EMI amount of a personal loan may vary based on the Kotak Mahindra personal loan interest rate, loan amount and repayment tenure.

Calculate Your Personal Loan EMI

Select Your Bank

Enter Loan Amount

₹

50K50L

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

Loan up to Rs. 35 Lakh
Tenure: 1 to 6 years
Zero collateral
DigitaKYC process
Flexible EMI options

Quick Links

Features

Comaprison Table

Amortization Schedule

Benefits

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Features of Kotak Mahindra Bank Personal Loan EMI Calculator

Kotak Mahindra Bank personal loan EMI calculator evaluates the EMIs and total interest cost of the applicant.
The calculator allows prospective borrowers to assess their financial stability and apply for a loan amount according to their budget.
The calculator is fast, accurate and available online 24*7.
The parameters that are entered in the calculator can be modified according to the applicant’s requirement.

Comparison of Kotak Mahindra Bank Personal Loan EMI with Other Lenders

Banks/NBFCs	Interest Rates (p.a.)	EMI (Rs.) (Loan Amount- Rs 5 Lakh Loan Tenure- 5 years)
State Bank of India	10.05% - 15.05%	10,636 - 11,908
HDFC Bank	9.99% onwards	10,621 onwards
Axis Bank	9.99% onwards	10,621 onwards
ICICI Bank	10.45% onwards	10,735 onwards
Kotak Mahindra Bank	9.98% onwards	10,619 onwards
IndusInd Bank	10.49% onwards	10,744 onwards
IDFC FIRST Bank	9.99% onwards	10,621 onwards
Federal Bank	12.0% - 19.5 %	11,122 - 13,108
YES Bank	10.85% - 21.00%	10,834 - 13,527
Tata Capital	10.99% onwards	10,869 onwards
Aditya Birla Finance	10.99% onwards	10,869 onwards
L&T Finance	11.00% onwards	10,871 onwards
Hero Fincorp	Up to 30.00%	Up to 16,177
Piramal Finance	12.14% onwards	11,158 onwards
Poonawalla Fincorp	9.99% onwards	10,621 onwards
Moneyview	14% onwards	11,634 onwards

Kotak Bank Personal Loan Amortisation Schedule

Suppose you borrow a loan amount of Rs. 10 lakh @ 9.98% p.a. for a tenure of 5 years, then the following will be your amortization schedule for 1 year. For the remaining period, the principal component will continue to increase at the same pace, while the interest portion will gradually decrease.

Month	EMI (Rs.)	Interest (Rs.)	Principal (Rs.)	Balance (Rs.)
1	21,237.21	8,316.67	12,920.54	9,87,079.46
2	21,237.21	8,209.21	13,027.99	9,74,051.47
3	21,237.21	8,100.86	13,136.34	9,60,915.12
4	21,237.21	7,991.61	13,245.59	9,47,669.53
5	21,237.21	7,881.45	13,355.75	9,34,313.78
6	21,237.21	7,770.38	13,466.83	9,20,846.95
7	21,237.21	7,658.38	13,578.83	9,07,268.12
8	21,237.21	7,545.45	13,691.76	8,93,576.36
9	21,237.21	7,431.58	13,805.63	8,79,770.73
10	21,237.21	7,316.76	13,920.45	8,65,850.29
11	21,237.21	7,200.99	14,036.22	8,51,814.07
12	21,237.21	7,084.25	14,152.95	8,37,661.12

Benefits of Kotak Mahindra Bank Personal Loan EMI Calculator

It gives instant EMI results without any manual calculations.
Saves a lot of time.
Helps you opt for the correct loan amount and loan tenure.
It is completely free and user-friendly.
You can check for various combinations of interest rates, loan amounts and loan tenures.

Avail Personal Loan for
All Your Needs

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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All Your Needs

FAQs

Prospective borrowers need to enter the interest rate, loan amount and loan tenure in the personal loan EMI calculator and get the EMI and overall borrowing cost instantly.

No, checking your EMI using a personal loan EMI calculator does not affect your credit score.

Yes, Kotak Bank personal loan EMI calculator gives highly accurate results. However, one should verify the EMI and interest cost with the lender for exact match.

The EMI of a personal loan offered @ 9.98% p.a. for Rs. 10 lakh and for tenure of 5 years would be Rs. 21,237.

The interest cost of a personal loan offered @ 9.98% p.a. for Rs. 10 lakh and for tenure of 5 years would be Rs. 2,74,232.

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Vandana Punj

Reviewed By

Shamik Ghosh

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