Personal Loan EMI Calculator - Calculate Personal Loan EMI Online | Kotak Mahindra Bank

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Frequently Asked Questions


How to use a personal loan EMI calculator?

To use the PL 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 EMI 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 EMI 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.


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