Kotak Mahindra Bank Personal Loan EMI Calculator
Calculate your monthly EMI for Kotak Mahindra Bank personal loans at 10.99%-24% interest for amounts up to ₹35,00,000.
₹
₹50,000₹35,00,000
%
11.0%24.0%
12 Mo60 Mo
Monthly EMI
₹9,321
Total Interest
₹23,695
Total Payment
₹2,23,695
Monthly EMI
₹9,321
Principal Amount
₹2,00,000 (89.4%)
Total Interest
₹23,695 (10.6%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹94,539 | ₹17,313 | ₹1,11,852 | ₹1,05,461 |
| Year 2 | ₹1,05,461 | ₹6,382 | ₹1,11,852 | ₹0 |
Kotak Mahindra Bank Personal Loan at a Glance
Interest Rate
10.99%
to 24%
Max Amount
₹35,00,000
min ₹50,000
Min CIBIL
700
minimum score
Tenure
Up to 60 mo
min 12 months
Kotak Mahindra Bank Loan Details
| Interest Rate | 10.99% — 24% p.a. |
| Loan Amount | ₹50,000 to ₹35,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 2.5% |
| Prepayment Charges | Nil |
| Min CIBIL Score | 700+ |
| Min Monthly Salary | ₹30,000 |
| Age Requirement | 21 to 58 years |
| Employment Types | Salaried |
| Disbursal Time | 24-48 hours |
EMI Example: ₹2,00,000 at 10.99%
Loan Amount: ₹2,00,000
Interest Rate: 10.99% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,321
Total Interest: ₹23,704
Total Payment: ₹2,23,704
Pros
- +No prepayment charges
- +Fully digital process
- +Competitive rates for good credit
Cons
- -Higher minimum salary (₹30,000)
- -Primarily for salaried only
Kotak Mahindra Bank EMI Calculator — FAQs
What is the EMI for a Kotak Mahindra Bank personal loan?
For a ₹2,00,000 loan at 10.99% interest for 24 months, the EMI would be approximately ₹9,321 per month. Total interest payable would be ₹23,704. Use the calculator above to try different amounts and tenures.
What interest rate does Kotak Mahindra Bank charge on personal loans?
Kotak Mahindra Bank charges personal loan interest rates starting from 10.99% p.a. going up to 24% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a Kotak Mahindra Bank personal loan?
The minimum CIBIL score required for a Kotak Mahindra Bank personal loan is 700. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my Kotak Mahindra Bank personal loan early?
Kotak Mahindra Bank's prepayment policy: Nil. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does Kotak Mahindra Bank disburse personal loans?
Kotak Mahindra Bank typically disburses personal loans within 24-48 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing Kotak Mahindra Bank customers may get faster disbursal through pre-approved offers.
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Calculate EMI →Compare Kotak Mahindra Bank with 14 other lenders — automatically
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