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Kotak Mahindra Bank ₹10 lakh Personal Loan EMI for 3 Years
At the advertised starting rate of 10.99%, the EMI is about ₹32,734 a month, with total interest of about ₹1,78,423.
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) | ₹32,734 | ₹1,78,423 | ₹11,78,423 |
| 11.49% | ₹32,971 | ₹1,86,965 | ₹11,86,965 |
| 11.99% | ₹33,210 | ₹1,95,543 | ₹11,95,543 |
| 12.49% | ₹33,449 | ₹2,04,158 | ₹12,04,158 |
| 12.99% | ₹33,689 | ₹2,12,809 | ₹12,12,809 |
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 | ₹2,97,602 | ₹95,206 | ₹3,92,808 | ₹7,02,398 |
| Year 2 | ₹3,32,007 | ₹60,800 | ₹3,92,808 | ₹3,70,390 |
| Year 3 | ₹3,70,390 | ₹22,417 | ₹3,92,808 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Kotak Mahindra Bank personal loan for 3 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹32,734 a month. If your offered rate is 11.99% it would be about ₹33,210.
How much total interest will I pay?
At 10.99% the total interest over 3 years is about ₹1,78,423, so you repay about ₹11,78,423 in all.