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Kotak Mahindra Bank ₹2 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10.99%, the EMI is about ₹9,321 a month, with total interest of about ₹23,695.
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) | ₹9,321 | ₹23,695 | ₹2,23,695 |
| 11.49% | ₹9,367 | ₹24,811 | ₹2,24,811 |
| 11.99% | ₹9,414 | ₹25,930 | ₹2,25,930 |
| 12.49% | ₹9,461 | ₹27,053 | ₹2,27,053 |
| 12.99% | ₹9,507 | ₹28,178 | ₹2,28,178 |
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 | ₹94,535 | ₹17,312 | ₹1,11,848 | ₹1,05,465 |
| Year 2 | ₹1,05,465 | ₹6,383 | ₹1,11,848 | ₹0 |
Frequently asked questions
What is the EMI for a ₹2 lakh Kotak Mahindra Bank personal loan for 2 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹9,321 a month. If your offered rate is 11.99% it would be about ₹9,414.
How much total interest will I pay?
At 10.99% the total interest over 2 years is about ₹23,695, so you repay about ₹2,23,695 in all.