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Kotak Mahindra Bank ₹1 crore Home Loan EMI for 15 Years
At the advertised starting rate of 7.6%, the EMI is about ₹93,270 a month, with total interest of about ₹67,88,674.
Source: Kotak Mahindra Bank official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.6% (starting) | ₹93,270 | ₹67,88,674 | ₹1,67,88,674 |
| 8.1% | ₹96,143 | ₹73,05,812 | ₹1,73,05,812 |
| 8.6% | ₹99,061 | ₹78,30,981 | ₹1,78,30,981 |
| 9.1% | ₹1,02,022 | ₹83,64,032 | ₹1,83,64,032 |
| 9.6% | ₹1,05,027 | ₹89,04,811 | ₹1,89,04,811 |
Year-by-year repayment schedule at 7.6%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹3,72,027 | ₹7,47,218 | ₹11,19,245 | ₹96,27,973 |
| Year 2 | ₹4,01,307 | ₹7,17,938 | ₹11,19,245 | ₹92,26,667 |
| Year 3 | ₹4,32,891 | ₹6,86,354 | ₹11,19,245 | ₹87,93,776 |
| Year 4 | ₹4,66,961 | ₹6,52,284 | ₹11,19,245 | ₹83,26,814 |
| Year 5 | ₹5,03,713 | ₹6,15,532 | ₹11,19,245 | ₹78,23,101 |
| Year 6 | ₹5,43,357 | ₹5,75,888 | ₹11,19,245 | ₹72,79,744 |
| Year 7 | ₹5,86,122 | ₹5,33,123 | ₹11,19,245 | ₹66,93,622 |
| Year 8 | ₹6,32,252 | ₹4,86,993 | ₹11,19,245 | ₹60,61,371 |
| Year 9 | ₹6,82,013 | ₹4,37,232 | ₹11,19,245 | ₹53,79,358 |
| Year 10 | ₹7,35,690 | ₹3,83,555 | ₹11,19,245 | ₹46,43,668 |
| Year 11 | ₹7,93,591 | ₹3,25,653 | ₹11,19,245 | ₹38,50,077 |
| Year 12 | ₹8,56,050 | ₹2,63,195 | ₹11,19,245 | ₹29,94,027 |
| Year 13 | ₹9,23,425 | ₹1,95,820 | ₹11,19,245 | ₹20,70,602 |
| Year 14 | ₹9,96,102 | ₹1,23,143 | ₹11,19,245 | ₹10,74,499 |
| Year 15 | ₹10,74,499 | ₹44,745 | ₹11,19,245 | ₹0 |
Frequently asked questions
What is the EMI for a ₹1 crore Kotak Mahindra Bank home loan for 15 years?
At Kotak Mahindra Bank's starting rate of 7.6% the EMI is about ₹93,270 a month. If your offered rate is 8.6% it would be about ₹99,061.
How much total interest will I pay?
At 7.6% the total interest over 15 years is about ₹67,88,674, so you repay about ₹1,67,88,674 in all.