How to Use Kotak Bank's Online Personal Loan Calculator | Kotak Mahindra Bank - Personal Loan Stories
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27 DECEMBER, 2021

Experts believe that being able to manage money is a better skill than earning it. While everyone earns money, not all can manage it well. And, managing money is not rocket science, it is a skill that needs to be acquired. Financial planning can be called the first step to money management. When you plan your finances, you know where and how you can spend your money. Planning for your personal loan is no different. Planning for your loan repayment can help you manage your money affairs better.

You can plan your loan better with Kotak Mahindra Bank’s personal loan calculator. Find out how.

What Is a Personal Loan?

Personal loan is an unsecured loan that you can avail to fulfil multiple needs such as medical expenses, wedding, travel, debt consolidation, education, etc. You can avail a personal loan from banks and financial institutions at attractive rates and flexible tenures.

Lenders allow you to choose your tenure as per your financial viability. You can choose a tenure that helps you repay an EMI amount that is comfortable for you. Knowing your EMIs beforehand helps you plan your budget and allocate expenses accordingly. While you can calculate your EMI with the mathematical formula, a personal loan calculator helps you calculate your EMI quickly and easily.

What Is an Online Personal Loan Calculator?

A personal loan online calculator is an online tool used to calculate your EMI, total repayment amount and its interest component. With this calculator, you can find out the monthly amount you need to pay towards your loan and the total interest component of the loan.

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Steps to Use:

  • Visit our personal loan page and click on EMI calculator
  • You will be directed to the EMI calculator web page.
  • Enter the loan amount
  • Enter the loan tenure
  • Enter the interest rate
  • Your results will be displayed at the right side.
  • You can alter the values to change the EMI and repayment amount.


  • Helps in financial planning

With a personal loan calculator, you can know your monthly obligation towards the loan and allocate funds accordingly. It helps plan your finances effectively and follow the budget. With this calculator, you can also determine the right amount of loan as per your financial viability.

  • Is accurate and free

Our online personal loan calculator is free to use and available on the website. You can use it any number of times to determine the suitable tenure and EMI for you. Moreover, the calculator is quick to show results and error free.

Kotak Bank’s personal loan calculator can help you find your EMI and total repayment loan with just a few clicks. You can use it to set your budget, find suitable tenure and plan your finances. However, you must know that it shows indicative figures and your EMI can be changed by the lender depending on your interest rates and credit score.


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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.