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Kotak Mahindra Bank ₹2 lakh Personal Loan EMI for 3 Years
At the advertised starting rate of 10.99%, the EMI is about ₹6,547 a month, with total interest of about ₹35,685.
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) | ₹6,547 | ₹35,685 | ₹2,35,685 |
| 11.49% | ₹6,594 | ₹37,393 | ₹2,37,393 |
| 11.99% | ₹6,642 | ₹39,109 | ₹2,39,109 |
| 12.49% | ₹6,690 | ₹40,832 | ₹2,40,832 |
| 12.99% | ₹6,738 | ₹42,562 | ₹2,42,562 |
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 | ₹59,520 | ₹19,041 | ₹78,562 | ₹1,40,480 |
| Year 2 | ₹66,401 | ₹12,160 | ₹78,562 | ₹74,078 |
| Year 3 | ₹74,078 | ₹4,483 | ₹78,562 | ₹0 |
Frequently asked questions
What is the EMI for a ₹2 lakh Kotak Mahindra Bank personal loan for 3 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹6,547 a month. If your offered rate is 11.99% it would be about ₹6,642.
How much total interest will I pay?
At 10.99% the total interest over 3 years is about ₹35,685, so you repay about ₹2,35,685 in all.