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Kotak Mahindra Bank ₹10 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10.99%, the EMI is about ₹46,603 a month, with total interest of about ₹1,18,477.
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 |
|---|---|---|---|
| 10.99% (starting) | ₹46,603 | ₹1,18,477 | ₹11,18,477 |
| 11.49% | ₹46,836 | ₹1,24,056 | ₹11,24,056 |
| 11.99% | ₹47,069 | ₹1,29,651 | ₹11,29,651 |
| 12.49% | ₹47,303 | ₹1,35,263 | ₹11,35,263 |
| 12.99% | ₹47,537 | ₹1,40,891 | ₹11,40,891 |
Year-by-year repayment schedule at 10.99%
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 | ₹4,72,677 | ₹86,561 | ₹5,59,238 | ₹5,27,323 |
| Year 2 | ₹5,27,323 | ₹31,916 | ₹5,59,238 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Kotak Mahindra Bank personal loan for 2 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹46,603 a month. If your offered rate is 11.99% it would be about ₹47,069.
How much total interest will I pay?
At 10.99% the total interest over 2 years is about ₹1,18,477, so you repay about ₹11,18,477 in all.