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Kotak Mahindra Bank ₹30 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.6%, the EMI is about ₹27,981 a month, with total interest of about ₹20,36,602.
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) | ₹27,981 | ₹20,36,602 | ₹50,36,602 |
| 8.1% | ₹28,843 | ₹21,91,744 | ₹51,91,744 |
| 8.6% | ₹29,718 | ₹23,49,294 | ₹53,49,294 |
| 9.1% | ₹30,607 | ₹25,09,210 | ₹55,09,210 |
| 9.6% | ₹31,508 | ₹26,71,443 | ₹56,71,443 |
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 | ₹1,11,608 | ₹2,24,165 | ₹3,35,773 | ₹28,88,392 |
| Year 2 | ₹1,20,392 | ₹2,15,381 | ₹3,35,773 | ₹27,68,000 |
| Year 3 | ₹1,29,867 | ₹2,05,906 | ₹3,35,773 | ₹26,38,133 |
| Year 4 | ₹1,40,088 | ₹1,95,685 | ₹3,35,773 | ₹24,98,044 |
| Year 5 | ₹1,51,114 | ₹1,84,660 | ₹3,35,773 | ₹23,46,930 |
| Year 6 | ₹1,63,007 | ₹1,72,766 | ₹3,35,773 | ₹21,83,923 |
| Year 7 | ₹1,75,837 | ₹1,59,937 | ₹3,35,773 | ₹20,08,087 |
| Year 8 | ₹1,89,676 | ₹1,46,098 | ₹3,35,773 | ₹18,18,411 |
| Year 9 | ₹2,04,604 | ₹1,31,170 | ₹3,35,773 | ₹16,13,807 |
| Year 10 | ₹2,20,707 | ₹1,15,067 | ₹3,35,773 | ₹13,93,100 |
| Year 11 | ₹2,38,077 | ₹97,696 | ₹3,35,773 | ₹11,55,023 |
| Year 12 | ₹2,56,815 | ₹78,958 | ₹3,35,773 | ₹8,98,208 |
| Year 13 | ₹2,77,027 | ₹58,746 | ₹3,35,773 | ₹6,21,180 |
| Year 14 | ₹2,98,831 | ₹36,943 | ₹3,35,773 | ₹3,22,350 |
| Year 15 | ₹3,22,350 | ₹13,424 | ₹3,35,773 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh Kotak Mahindra Bank home loan for 15 years?
At Kotak Mahindra Bank's starting rate of 7.6% the EMI is about ₹27,981 a month. If your offered rate is 8.6% it would be about ₹29,718.
How much total interest will I pay?
At 7.6% the total interest over 15 years is about ₹20,36,602, so you repay about ₹50,36,602 in all.