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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 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.

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Principal Amount₹0
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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

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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

Swipe to see more table data

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

Swipe to see more table data

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.

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Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

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Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

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

Explore Our Personal Loan Lenders

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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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