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Kotak Mahindra Bank ₹20 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.6%, the EMI is about ₹18,654 a month, with total interest of about ₹13,57,735.
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) | ₹18,654 | ₹13,57,735 | ₹33,57,735 |
| 8.1% | ₹19,229 | ₹14,61,162 | ₹34,61,162 |
| 8.6% | ₹19,812 | ₹15,66,196 | ₹35,66,196 |
| 9.1% | ₹20,404 | ₹16,72,806 | ₹36,72,806 |
| 9.6% | ₹21,005 | ₹17,80,962 | ₹37,80,962 |
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 | ₹74,405 | ₹1,49,444 | ₹2,23,849 | ₹19,25,595 |
| Year 2 | ₹80,261 | ₹1,43,588 | ₹2,23,849 | ₹18,45,333 |
| Year 3 | ₹86,578 | ₹1,37,271 | ₹2,23,849 | ₹17,58,755 |
| Year 4 | ₹93,392 | ₹1,30,457 | ₹2,23,849 | ₹16,65,363 |
| Year 5 | ₹1,00,743 | ₹1,23,106 | ₹2,23,849 | ₹15,64,620 |
| Year 6 | ₹1,08,671 | ₹1,15,178 | ₹2,23,849 | ₹14,55,949 |
| Year 7 | ₹1,17,224 | ₹1,06,625 | ₹2,23,849 | ₹13,38,724 |
| Year 8 | ₹1,26,450 | ₹97,399 | ₹2,23,849 | ₹12,12,274 |
| Year 9 | ₹1,36,403 | ₹87,446 | ₹2,23,849 | ₹10,75,872 |
| Year 10 | ₹1,47,138 | ₹76,711 | ₹2,23,849 | ₹9,28,734 |
| Year 11 | ₹1,58,718 | ₹65,131 | ₹2,23,849 | ₹7,70,015 |
| Year 12 | ₹1,71,210 | ₹52,639 | ₹2,23,849 | ₹5,98,805 |
| Year 13 | ₹1,84,685 | ₹39,164 | ₹2,23,849 | ₹4,14,120 |
| Year 14 | ₹1,99,220 | ₹24,629 | ₹2,23,849 | ₹2,14,900 |
| Year 15 | ₹2,14,900 | ₹8,949 | ₹2,23,849 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Kotak Mahindra Bank home loan for 15 years?
At Kotak Mahindra Bank's starting rate of 7.6% the EMI is about ₹18,654 a month. If your offered rate is 8.6% it would be about ₹19,812.
How much total interest will I pay?
At 7.6% the total interest over 15 years is about ₹13,57,735, so you repay about ₹33,57,735 in all.