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Kotak Mahindra Bank ₹5 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10.99%, the EMI is about ₹23,302 a month, with total interest of about ₹59,238.
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) | ₹23,302 | ₹59,238 | ₹5,59,238 |
| 11.49% | ₹23,418 | ₹62,028 | ₹5,62,028 |
| 11.99% | ₹23,534 | ₹64,826 | ₹5,64,826 |
| 12.49% | ₹23,651 | ₹67,631 | ₹5,67,631 |
| 12.99% | ₹23,769 | ₹70,446 | ₹5,70,446 |
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 | ₹2,36,339 | ₹43,281 | ₹2,79,619 | ₹2,63,661 |
| Year 2 | ₹2,63,661 | ₹15,958 | ₹2,79,619 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Kotak Mahindra Bank personal loan for 2 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹23,302 a month. If your offered rate is 11.99% it would be about ₹23,534.
How much total interest will I pay?
At 10.99% the total interest over 2 years is about ₹59,238, so you repay about ₹5,59,238 in all.