Kotak Mahindra Bank Personal Loan EMI Calculator
Kotak Mahindra Bank personal loan rates start from 10.99% p.a. for well-qualified borrowers and range up to 24%. The calculator below is pre-set to that starting rate - adjust it to the rate you have actually been quoted to see your real instalment and total interest.
Monthly EMI
₹10,869
₹5 Lakh at 10.99% for 5 years
Interest is 30% of the amount borrowed over this tenure.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹79,395 | ₹51,030 | ₹4,20,605 |
| 2 | ₹88,574 | ₹41,851 | ₹3,32,032 |
| 3 | ₹98,813 | ₹31,611 | ₹2,33,218 |
| 4 | ₹1,10,237 | ₹20,188 | ₹1,22,981 |
| 5 | ₹1,22,981 | ₹7,443 | ₹0 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
How Kotak Mahindra Bank prices this loan
Kotak Mahindra Bank publishes a starting rate of 10.99% p.a., with the band extending to 24% depending on the borrower's profile. The bank typically looks for a credit score of 750 or above, and its processing fee is Up to 2.5%. Where a borrower sits within that band is set by credit score, income stability, employer or business profile, and the loan-to-value ratio where security is involved. Pre-qualified personal loan offers visible in Kotak 811 app - no branch visit required
Turnaround and what drives it
Kotak Mahindra Bank indicates a turnaround of 1-2 working days for this product. In practice the timeline is set less by the lender's processing speed than by document completeness at the borrower's end - and, on secured loans, by legal and technical clearance of the property. A complete file at submission is the single biggest determinant of how quickly a sanction arrives.
Comparing this against other lenders
A published starting rate is a floor, not a quote, and the same borrower can see materially different offers across lenders because each applies its own credit policy, employer categorisation and fee structure. Compare the total of interest plus processing and documentation charges over the tenure you actually intend to run, rather than the headline rate alone. Our advisors work with 10+ lending partners and can indicate which are competitive for a given profile, subject to each lender's eligibility criteria.
What the calculator does not decide
This tool performs arithmetic on the numbers you enter. It does not check eligibility, does not reflect any offer Kotak Mahindra Bank has made you, and cannot predict the rate you will be sanctioned. Use it to understand what different rates and tenures cost, then work from the written offer once you have one. Loans Got Easy is an authorised Direct Selling Agent and does not sanction, approve or disburse loans - that decision rests with the lender.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
Kotak Mahindra Bank personal loan rates start from 10.99% p.a. and extend to 24% depending on the borrower's credit profile, income and the loan structure. Published starting rates apply to well-qualified borrowers; the rate offered to any individual is set by the bank's own assessment.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.