Personal Loan EMI calculator
A quick and easy tool to find out the payable EMI on your desired
loan amount and tenure

A quick and easy tool to find out the payable EMI on your desired
loan amount and tenure
Personal Loan EMI calculator helps you to determine the monthly instalment to be paid. You can input the personal loan amount and tenure in the EMI calculator to see the EMI that you have to pay towards your personal loan amount.
Your monthly EMI is
0 INR
at 8% interest rate for 14 years
Remember, the longer the tenure is, the lesser would be the EMI. If you choose a shorter tenure, it automatically confirms that you will have to pay a considerably larger EMI.
Calculating the personal loan EMI using Kotak’s Personal Loan EMI Calculator online is quite easy.
When applying for a personal loan, make sure to check your payable Personal Loan EMI using a personal loan calculator. Kotak Bank’s online personal loan calculator is a safe and simple tool. Some of its benefits are:
Your Personal Loan EMI mainly depends on 3 important factors:
Your loan amount and interest rate in turn depend on some other financial and professional factors, such as:
Use a personal loan calculator to check your payable EMI.
Your personal loan repayment details are displayed in the Personal Loan Amortization Table. Here’s a format of an easy-to-understand repayment schedule:
Heading | Amount |
Personal Loan Opening Balance |
Rs. XXXXXX |
EMI Paid |
Rs. XXXX |
Outstanding Loan Amount after EMI Payment |
Rs. XXXXXX |
Interest Amount Paid Every Month |
Rs. XXXX |
A personal loan EMI is the monthly repayment done towards the loan liability. EMI stands for Equated Monthly Installment. Each monthly installment of the loan contains the principal amount of the loan and the interest payable. By paying the EMIs every month throughout the loan tenure, you can repay the loan liability completely.
You have to pay the personal loan EMI in cash, cheque, or through ECS facilities. Usually, payment of the EMI is automated, wherein your bank account is automatically debited with the amount of the EMI as and when it is due.
At Kotak Mahindra Bank we have a fast personal loan application process. The approval process is also quick. If you meet the eligibility criteria and submit all the required documents, then you can expect the approval on your personal loan application in as less as 48 hours. Our online application process allows quick disbursements, in just 3 seconds. You can even track your application status on the Kotak Bank website.
For quick approvals, make sure you go through the eligibility parameters and documentation list. Kotak Mahindra Bank has a simple eligibility requirement. Individuals in the age group of 21 and 60 years can apply. They must be graduates with at least one-year employment. Kotak Mahindra Bank expects a minimum documentation from the borrowers. You need to submit documents like application form, your photographs, proof of identity and residence, to name a few.
After 3 EMI payments, you can foreclose your loan with a single-time payment, however, loan foreclosure comes at an additional charge.
Yes, missing personal loan EMI negatively impacts your personal loan eligibility, causing problems in availing of loans in future. To maintain a clean financial record, ensure regular and timely repayment.
Kotak Mahindra Bank’s personal loan EMI calculator is very straightforward to use. I found out my EMIs instantly. It helped me avail a pocket-friendly EMIs with low personal loan charges for affordable repayments.
Reviewed on 08/19/2021
Availing a personal loan has become so simple. The documents required for a personal loan are minimal. Moreover, Kotak Mahindra’s personal loan EMI calculator online helps you find out the loan EMI beforehand so that you can plan your finances.
Reviewed on 07/01/2021
I wanted an EMI that I could afford. I am glad to say that Kotak Mahindra Bank’s PL EMI calculator helped me in this process. I used the trial and error method to pick the right loan amount and repayment tenure so that the EMI became affordable.
Reviewed on 04/08/2021
To use the personal loan EMI calculator, you would have to provide three important details: the loan amount, the repayment tenure, and the interest rate.
The loan EMI is affected by the following factors:
Kotak Mahindra Bank’s personal loan EMI calculator is completely free of cost. It gives you the accurate EMI for the loan enabling you to make a provision for the same in your budget.
If you want to reduce the EMI of your loan, you can opt for a higher tenure. As you increase the loan term, your EMI reduces. Alternatively, you can reduce the loan amount to reduce the EMIs.
A personal loan amortization schedule is a loan repayment table. The table shows the details of how the loan is repaid and the interest paid in each installment.
It shows the outstanding loan amount at any time and gives you the details of your repayment history. You can use the loan amortization schedule to check the unpaid part of the loan whenever you want.
An EMI Calculator can help you find out the EMI amount you have to pay every month against the amount of loan you wish to borrow for the tenure of your choice.
To calculate the EMI for a personal loan of Rs. 10 lakhs, visit the personal loan EMI calculator page on Kotak Mahindra Bank’s website. Add the loan amount of Rs. 10 lakhs. After that choose a rate of interest, for example, you select 11 % per annum. Finally, add the repayment tenure that you want to choose, for example, 5 years. Keep in mind that shorter tenure will increase the EMI amount and a longer tenure will keep it low.
If you want to borrow a personal loan of Rs. 20 lakhs at an 11 % per annum rate of interest for a period of 5 years, you have to pay an EMI of Rs. 43,485 per month. With the help of a personal loan EMI calculator you can even calculate the EMI yourself. This is an easy and instant process.
Fill in the necessary details such as your desired personal loan amount, rate of interest and a repayment tenure. The personal loan EMI calculator will instantly calculate your monthly payable installment. What’s more, it will also provide you with a principal and interest break up along with the total amount that is payable.
For a personal loan of Rs. 5 lakhs with a repayment tenure of 5 years and an interest rate of 11 % per annum, you have to pay an EMI of Rs. 10,871. The total amount payable will be Rs. 652,273, of which Rs. 152,273 will be towards the interest.
The personal loan EMI calculator is a quick and easy-to-use tool that can calculate the EMI for your personal loan. All you need to do is provide the necessary information such as your personal loan amount, the rate of interest and a repayment tenure. The calculator will then instantly calculate the EMI, total payable amount as well as the interest amount.
Shorter repayment period will increase your EMI and a longer repayment period will keep it lower. So, depending upon your monthly income and other ongoing loans, you can choose your tenure.