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Kotak Mahindra Bank ₹2 lakh Personal Loan EMI for 5 Years
At the advertised starting rate of 10.99%, the EMI is about ₹4,347 a month, with total interest of about ₹60,849.
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) | ₹4,347 | ₹60,849 | ₹2,60,849 |
| 11.49% | ₹4,398 | ₹63,851 | ₹2,63,851 |
| 11.99% | ₹4,448 | ₹66,873 | ₹2,66,873 |
| 12.49% | ₹4,499 | ₹69,914 | ₹2,69,914 |
| 12.99% | ₹4,550 | ₹72,975 | ₹2,72,975 |
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 | ₹31,758 | ₹20,412 | ₹52,170 | ₹1,68,242 |
| Year 2 | ₹35,429 | ₹16,740 | ₹52,170 | ₹1,32,813 |
| Year 3 | ₹39,525 | ₹12,645 | ₹52,170 | ₹93,287 |
| Year 4 | ₹44,095 | ₹8,075 | ₹52,170 | ₹49,193 |
| Year 5 | ₹49,193 | ₹2,977 | ₹52,170 | ₹0 |
Frequently asked questions
What is the EMI for a ₹2 lakh Kotak Mahindra Bank personal loan for 5 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹4,347 a month. If your offered rate is 11.99% it would be about ₹4,448.
How much total interest will I pay?
At 10.99% the total interest over 5 years is about ₹60,849, so you repay about ₹2,60,849 in all.