Kotak Mahindra Bank Home Loan EMI Calculator

₹ 50,000 ₹ 1,00,00,000
1.00 % 50.00 %
12 Months 50 years
Loan Amount ₹ 2,50,000
Interest Rate 10.99%%
Tenure(Months) 224
Monthly Instalment (EMI) ₹ 2,631
Total Interest Amount ₹ 3,39,334
Total Amount (Principal + Interest) ₹ 5,89,334


  • Check EMI Calculator Before Applying for a Home Loan
  • Enter loan amount, interest rate and tenure to compute EMI and interest outgo

About Kotak Mahindra Bank Home Loan EMI Calculator

What will be the EMI on your Kotak Mahindra Bank Home Loan which you have just applied for? Well, the answer comes with the help of an EMI calculator that computes the indicative installment taking into account the loan amount, interest rate and the tenure. You can calculate the EMI easily as the calculator is available online. So come and read the calculator in detail.

What is EMI?

Equated Monthly Installments (EMIs) form a combination of principal and interest portions of a repayment that a borrower needs to do until the expiry of the tenure. The calculation of an EMI is simple as you just need to enter the following details to do so.

  • Loan Amount
  • Rate of Interest
  • Loan Tenure

As far as quantum of finance is concerned, Kotak disburses about 75%-80% of the cost of the property. On the other side, Kotak offers home loans at an interest rate of 8.35% for a tenure of as long as 20 years.

EMI Calculation Formula

You can even use the below formula to compute the EMI.

E = P . R . (1+R)^N/((1+R)^N – 1),

Where E = EMI
P = Principal Loan Amount
R = Interest Rate
N = Monthly Loan Tenure

Many may not calculate using the formula, but an example below can let them understand better. So read the example below.

Example – Ravi Mehta wants to apply for a home loan worth ₹50 lakh at Kotak Mahindra Bank for a tenure of 20 years. He is curious to know the monthly installments payable. The interest rate offered is 8.35% per annum.

Frequently Asked Questions

1. How is EMI calculated for Kotak Mahindra Bank home loan?

You can calculate your EMI using three of the factors- Home loan interest rate, loan amount and the number of months in your loan tenure. The bank uses the following formula to calculate your home loan EMIs-
EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where
P – Principal loan amount
R- monthly rate of interest, and
N- number of months in the loan tenure

2. How can I pay my Kotak Mahindra Bank home loan EMI online?

You can pay your Kotak Mahindra home loan EMIs online using the bank’s net banking facility, by UPI, or by visiting the bank’s official website.

3. Can we pay more than EMI in home loan Kotak Mahindra Bank?

Yes, you can prepay your home loan EMIs in parts as per your convenience and budget.

4. What happens if Kotak Mahindra Bank home loan EMI is missed?

The bank will charge you a certain fine if you miss your home loan EMI.