Kotak Mahindra Bank Personal Loan EMI Calculator

Now knowing your EMIs, Interest Outgo and Total Amount Payable is no more a hassle, as Kotak Mahindra Bank Personal Loan EMI Calculator is here to help. That’s Right! This smart and effective tool with its simple algorithm allows you to know the exact calculations of your EMIs, Interest Outgo and Total Amount Payable in the best way. You just need to enter:

  • Interest Rate
  • Tenure
  • Loan Amount

After feeding these credentials, the device will fetch the results for you within few seconds, helping you in enjoying a hassle-free loan journey.

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

Kotak Mahindra Bank Personal Loan EMI Calculator

To make you understand better, let’s just take the help from an example below:

Suppose, Rajat Sharma, a 30-year-old, SEO Manager by profession wants to avail a personal loan of ₹5 Lakh to travel to Singapore with his family. The lender has agreed to offer him the amount at an interest rate of 10.99% for a tenure of 5 years. But saying yes to the lender, Rajat wants to know whether the EMIs would be pocket-friendly for him to pay or not. So, he used an EMI Calculator, and the calculations of his EMIs, Interest Outgo and Total Amount Payable are:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00010.99%1₹ 44,188₹ 30,262₹ 5,30,262
₹ 5,00,00010.99%2₹ 23,302₹ 59,238₹ 5,59,238
₹ 5,00,00010.99%3₹ 16,367₹ 89,212₹ 5,89,212
₹ 5,00,00010.99%4₹ 12,920₹ 1,20,176₹ 6,20,176
₹ 5,00,00010.99%5₹ 10,869₹ 1,52,123₹ 6,52,123

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 79,394₹ 51,030₹ 4,20,605
2₹ 88,573₹ 41,851₹ 3,32,031
3₹ 98,813₹ 31,611₹ 2,33,218
4₹ 1,10,237₹ 20,188₹ 1,22,981
5₹ 1,23,079₹ 7443₹ 0

Kotak Mahindra Bank EMI Calculation Formula

To calculate the EMI, an EMI Calculator uses the below formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

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