Personal Loan EMI calculator
Personal Loan EMI calculator
Find out how much your Personal Loan installment might be,
using our EMI calculator
using our 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.
The loan EMI is affected by the following factors:
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.
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.
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.
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.
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.
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.