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Personal Loan EMI Calculator

Kotak Mahindra Bank’s Personal Loan EMI Calculator is a valuable online automatic tool to ascertain how much your EMI (Equated Monthly Instalment) will be. The online calculator will provide you with the answer in a split second! Kotak Mahindra Bank’s Personal Loan EMI calculator makes loan planning easier for you.

Loan amount requirement

Minimum ₹ 50,000

Interest Rate

Minimum 10.99%

Repay Years

Till March 2025

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Equated Monthly Installments (EMI)


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Interest Payable


Personal Loan Amortization Schedule
Emi Nos Opening Principal EMI Interest Principal Repayment Closing Principal

Guide to better personal finance

Resources to get the best out of your Personal Loan and manage your finances prudently


How to Calculate Your Personal Loan EMI

  • 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
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General Questions

1. What are the benefits of 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 rate

2. What is 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.

3. What are the factors that affect 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.

4. How is personal loan EMI paid?

ou 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.

5. 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.

6. 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.

Click here to know more about different types of personal loan


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Frequently Asked Questions


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.

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.

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.

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.

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