Kotak Mahindra Bank Home Loan EMI Calculator


  • 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.

EMI Calculator for Home Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

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    Axis Bank6.75% - 7.20%
    Bank of Baroda6.75% - 8.25%
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    HDFC6.70% - 8.00%
    ICICI Bank6.70% - 7.55%
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    LIC Housing6.66% - 7.90%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance6.99% - 8.90%
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    Tata Capital6.90% - 8.75%