Personal Loan Calculator

Personal Loan EMI calculator helps you to determine the monthly instalment to be paid. You can input the personal loan amount and tenure in the EMI calculator to see the EMI that you have to pay towards your personal loan amount.

Your monthly EMI is


at 8% interest rate for 14 years



Interest Payable:


Total Amount Payable:


How to Calculate Your Personal Loan EMI

Calculating the personal loan EMI using Kotak’s Personal Loan EMI Calculator online is quite easy.

  • Go to Personal Loan page on Kotak website
  • Navigate to the EMI Calculator section
  • Choose loan amount, tenure and interest rate
  • Payable EMI will be instantly displayed

Benefits of Using a Personal Calculator

When applying for a personal loan, make sure to check your payable Personal Loan EMI using a personal loan calculator. Kotak Bank’s online personal loan calculator is a safe and simple tool. Some of its benefits are:

  • Speeds up the calculation process
  • Makes it convenient by avoiding manual effort
  • Provides accurate results
  • Allows comparison between different loan amounts, tenures and interest rates

Factors Affecting Personal Loan EMI

Your Personal Loan EMI mainly depends on 3 important factors:

  • Loan Amount
  • Loan Tenure
  • Interest Rate

Your loan amount and interest rate in turn depend on some other financial and professional factors, such as:

  • Credit score
  • Repayment capacity
  • Existing liabilities
  • Nature of employment
  • Employer’s record
  • Monthly income
  • Age
  • Location

Use a personal loan calculator to check your payable EMI.

Personal Loan Amortization/Repayment Schedule

Your personal loan repayment details are displayed in the Personal Loan Amortization Table. Here’s a format of an easy-to-understand repayment schedule:


Heading Amount

Personal Loan Opening Balance


EMI Paid


Outstanding Loan Amount after EMI Payment


Interest Amount Paid Every Month


General Questions & Answers regarding Personal Loan EMI Calculator

What is a personal loan EMI?

A personal loan EMI is the monthly repayment done towards the loan liability. EMI stands for Equated Monthly Installment. Each monthly installment of the loan contains the principal amount of the loan and the interest payable. By paying the EMIs every month throughout the loan tenure, you can repay the loan liability completely.

How is personal loan EMI paid?

You have to pay the personal loan EMI in cash, cheque, or through ECS facilities. Usually, payment of the EMI is automated, wherein your bank account is automatically debited with the amount of the EMI as and when it is due.

Does missing personal loan EMIs affect my personal loan eligibility?

At Kotak Mahindra Bank we have a fast personal loan application process. The approval process is also quick. If you meet the eligibility criteria and submit all the required documents, then you can expect the approval on your personal loan application in as less as 48 hours. Our online application process allows quick disbursements, in just 3 seconds. You can even track your application status on the Kotak Bank website.

For quick approvals, make sure you go through the eligibility parameters and documentation list. Kotak Mahindra Bank has a simple eligibility requirement. Individuals in the age group of 21 and 60 years can apply. They must be graduates with at least one-year employment. Kotak Mahindra Bank expects a minimum documentation from the borrowers. You need to submit documents like application form, your photographs, proof of identity and residence, to name a few.

Can I pay personal loan EMI in one attempt?

After 3 EMI payments, you can foreclose your loan with a single-time payment, however, loan foreclosure comes at an additional charge.

How much time will it take for my personal loan to be approved?

Yes, missing personal loan EMI negatively impacts your personal loan eligibility, causing problems in availing of loans in future. To maintain a clean financial record, ensure regular and timely repayment.

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Frequently Asked Questions


How to use a personal loan EMI calculator?

To use the personal loan EMI calculator, you would have to provide three important details: the loan amount, the repayment tenure, and the interest rate. 

Once you enter this information, the personal loan calculator will show the EMI instantly.



What are the factors that affect personal loan EMI?

The loan EMI is affected by the following factors:

  • The personal loan amount: The higher the loan amount, the higher would be the EMI and vice-versa.
  • The interest rate: The higher the interest rate, the higher would be the EMI and vice-versa.
  • The repayment tenure: The longer the repayment tenure, the lower would be the EMI and vice versa.

What are the benefits of using Kotak Mahindra Bank’s personal loan calculator?

Kotak Mahindra Bank’s personal loan EMI calculator is completely free of cost. It gives you the accurate EMI for the loan enabling you to make a provision for the same in your budget.


Moreover, by using Kotak Mahindra Bank’s personal loan EMI calculator online, you can find the highest EMI for the loan. That way, you can ensure you repay the loan without any hassles. So, before you avail a personal loan, make sure that you use the personal loan calculator to check the expected EMIs.

How to reduce personal loan EMI?

If you want to reduce the EMI of your loan, you can opt for a higher tenure. As you increase the loan term, your EMI reduces. Alternatively, you can reduce the loan amount to reduce the EMIs.


The lender fixes the personal loan interest rate. However, you can negotiate the rate if you have a higher income or a good credit score. So your EMI reduces if the lending institution agrees to lower the personal loan interest rate.

What is a personal loan amortization schedule?

A personal loan amortization schedule is a loan repayment table. The table shows the details of how the loan is repaid and the interest paid in each installment.


It shows the outstanding loan amount at any time and gives you the details of your repayment history. You can use the loan amortization schedule to check the unpaid part of the loan whenever you want.


What is the EMI for 10 lakhs personal loan?

An EMI Calculator can help you find out the EMI amount you have to pay every month against the amount of loan you wish to borrow for the tenure of your choice. 

To calculate the EMI for a personal loan of Rs. 10 lakhs, visit the personal loan EMI calculator page on Kotak Mahindra Bank’s website. Add the loan amount of Rs. 10 lakhs. After that choose a rate of interest, for example, you select 11 % per annum. Finally, add the repayment tenure that you want to choose, for example, 5 years. Keep in mind that shorter tenure will increase the EMI amount and a longer tenure will keep it low.


As soon as you fill in these details, the calculator will instantly show you the monthly payable installment. In this case, it will be Rs. 21,742. You can even check the principal amount and payable interest break up. 

What is the EMI for 20 lakhs personal loan?

If you want to borrow a personal loan of Rs. 20 lakhs at an 11 % per annum rate of interest for a period of 5 years, you have to pay an EMI of Rs. 43,485 per month. With the help of a personal loan EMI calculator you can even calculate the EMI yourself. This is an easy and instant process.

Fill in the necessary details such as your desired personal loan amount, rate of interest and a repayment tenure. The personal loan EMI calculator will instantly calculate your monthly payable installment. What’s more, it will also provide you with a principal and interest break up along with the total amount that is payable. 

Kotak Mahindra Bank provides personal loans from Rs. 50,000 to Rs. 25 lakhs at attractive interest rates (as low as 10.99 % per annum) and a repayment tenure ranging from 1 year to 5 years.

What is the EMI for 5 lakhs personal loan?

For a personal loan of Rs. 5 lakhs with a repayment tenure of 5 years and an interest rate of 11 % per annum, you have to pay an EMI of Rs. 10,871. The total amount payable will be Rs. 652,273, of which Rs. 152,273 will be towards the interest. 

The personal loan EMI calculator is a quick and easy-to-use tool that can calculate the EMI for your personal loan. All you need to do is provide the necessary information such as your personal loan amount, the rate of interest and a repayment tenure. The calculator will then instantly calculate the EMI, total payable amount as well as the interest amount. 

Shorter repayment period will increase your EMI and a longer repayment period will keep it lower. So, depending upon your monthly income and other ongoing loans, you can choose your tenure. 

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