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Kotak Mahindra Bank ₹5 lakh Personal Loan EMI for 3 Years
At the advertised starting rate of 10.99%, the EMI is about ₹16,367 a month, with total interest of about ₹89,212.
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) | ₹16,367 | ₹89,212 | ₹5,89,212 |
| 11.49% | ₹16,486 | ₹93,483 | ₹5,93,483 |
| 11.99% | ₹16,605 | ₹97,772 | ₹5,97,772 |
| 12.49% | ₹16,724 | ₹1,02,079 | ₹6,02,079 |
| 12.99% | ₹16,845 | ₹1,06,404 | ₹6,06,404 |
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 | ₹1,48,801 | ₹47,603 | ₹1,96,404 | ₹3,51,199 |
| Year 2 | ₹1,66,004 | ₹30,400 | ₹1,96,404 | ₹1,85,195 |
| Year 3 | ₹1,85,195 | ₹11,209 | ₹1,96,404 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Kotak Mahindra Bank personal loan for 3 years?
At Kotak Mahindra Bank's starting rate of 10.99% the EMI is about ₹16,367 a month. If your offered rate is 11.99% it would be about ₹16,605.
How much total interest will I pay?
At 10.99% the total interest over 3 years is about ₹89,212, so you repay about ₹5,89,212 in all.