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    We found 1 Kotak Mahindra Personal Loan EMI Calculator

    Bank Name
    Interest Rate Range
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    Loan Amount
    Tenure Range
    11% - 16.49% Fixed
    Up to 2.5%
    15L Max
    1-5 years
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    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
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    Kotak Mahindra Personal Loan EMI Calculator is Rated as "Pretty good" by 1942 Users

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    Overview about Kotak Personal Loan Calculator

    Headquartered in Mumbai, Kotak Mahindra Bank offers a plethora of banking products and services through various channels in areas of investment banking, personal finance, life insurance and wealth management. The bank has a wide network of 641 branches and more than 1,159 ATMs spread all over the country. With the Kotak Mahindra Personal Loan, you can meet your personal needs as well as fulfil your financial goals. The loan can be utilised for meeting medical expenses, travel expenses, education expenses and other personal expenses such as wedding and more.

    Personal Loan EMI Calculator

    How to Use BankBazaar Kotak Mahindra Personal Loan Calculator to Understand Your Personal Loan Repayment

    When you take a Kotak Mahindra personal loan, you are required to make the repayment in Equated Monthly Installments (EMIs). An EMI towards the loan comprises of the principal amount and interest charges. When you take a loan, the first thing you do is calculate EMI. Calculation of EMI requires you to know the loan amount, the rate of interest applied on the loan and the processing fee charged towards the loan. Once you know all this, you can then determine the monthly installment based on the chosen loan duration. In order to adjust the EMI into your budget, you may be required to calculate over and over again. The calculation does not end here, you will then have to choose a lender or a bank offering the best loan scheme suitable for you. This would result in recalculation of EMI for each loan scheme.

    The BankBazaar Loan EMI Calculator is an online tool that calculates EMI for various loan schemes in seconds. It also gives a detailed breakup of the loan related components such as processing fees, etc. Amortisation tables are used to generate the output in this tool instantly.

    To calculate Kotak Personal Loan EMI using the BankBazaar Loan EMI Calculator, follow 7 Simple steps given below

    Apply for Personal Loan
    • Visit the BankBazaar homepage.
    • Click on the drop down menu on the extreme right of the home page.
    • Select ‘Finance Tools’.
    • From the list given under Finance tools, select ‘EMI Calculator’.
    • Then, enter loan details such as loan amount, interest rate, loan tenure and processing charges.
    • Choose yes or no towards the option of making pre-payments.
    • Upon entering all fields and completing selection, the monthly EMI can be generated by clicking on ‘Calculate’.

    Additional Reading: Kotak Personal Loan Rate of Interest

    How does the Kotak Mahindra Personal Loan EMI Calculator Work?

    The online loan EMI Calculator can be used to find out the EMI amount when you take a personal loan from Kotak Mahindra. The calculator uses the following formula:

    E = P x r x (1+r) ^n/ ((1+r) ^n-1)

    Where, E – EMI

    P – Loan Amount

    r – Interest Rate (Monthly)

    n – Loan Tenure (In months)

    Some online calculators also have additional components such as the processing fee for calculating the accurate EMI. Usually, banks or lender charge a processing fee between 1% and 3%.

    Features and Benefits of Kotak Mahindra Personal Loan EMI Calculator

    The personal loan EMI calculator helps you make a choice when it comes to taking a personal loan. The tool is even customised to take into account any prepayments that you would wish to make, before calculating the EMI.

    Some of the main highlighting features of the loan EMI calculator are:

    • Accuracy – This online tool incorporates all parts of the loan such as the amount borrowed, interest rate, and loan duration. As this is automated, the risk of error in calculation drastically reduces. Calculation on this tool is more accurate than a manual one.
    • Speed – Manual calculation of EMI and various permutations and combinations to achieve an affordable installment amount is a time taking process. Meanwhile, using the EMI loan calculator, the same calculations can be done within seconds.
    • Convenience – This comprehensive EMI calculator is a convenient way of calculating EMI, helping us make quick decisions that are best suited to our financial plan.
    • Amortisation Tables – An amortisation table is used in an online calculator and helps in determining your loan progress over the entire loan tenure. The table also tells you the repaid amount in terms of principal and interest, with each year of completion of the loan tenure.
    • Graphical Representation – Apart from calculating the EMI towards the loan, the loan calculator also generates a pie diagram graphically representing the total loan amount paid. It also displays the principal, interest and processing fee in the diagram.

    Kotak Mahindra Personal Loan Calculator FAQs

    1. Can the Loan EMI Calculator be used for calculating EMIs for other banks apart from Kotak Mahindra?

      Yes, the personal loan EMI calculator is a universal tool and can be used to generate EMI for any desired bank’s loan scheme.

    2. What is the advantage of using an EMI Calculator?

      A manual calculation is time taking as well as taxing, while an EMI calculator is automated, online and generates instant output.

    3. Where can I find a loan EMI calculator to calculate the EMI for Kotak Mahindra Personal Loan?

      You can use the loan EMI calculator found on the BankBazaar’s website to calculate the accurate EMI amount you will have to pay towards a personal loan from Kotak Mahindra.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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    • Personal Loan Reviews

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    • Kotak Personal Loan
      "Instant Loan"
      0.5 5.0/5 "Blown Away!"
      The Kotak Mahindra bank disbursed my personal loan within 10 to 20 minutes of time. The customer service and the response is really good with Kotak mahindr. They do gives the call to the customers on time . They had a offer when I have approached for my personal loan, so I have got the loan amount within 20 minutes of time. The rate of interest is 14.0% which is nominal with Kotak .
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      , mumbai
      Reviewed on Jul 24, 2017
    • Kotak Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Actually I applied for the personal loan with Kotak Mahindra Bank. But I had received good offers from HDFC bank so I switched over to HDFC. Otherwise the response and the customer service is good by Kotak Mahindra bank on my loan application is really good.
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      , hyderabad
      Reviewed on Jul 24, 2017
    • Kotak Personal Loan
      "Not happy with the services"
      0.5 2.0/5 "Expected more"
      Kotak Mahindra bank has not been responsive to me after I applied for a personal loan. It has not been a good experience. There were no calls from the bank to process my details and check on my requirement. No information was provided about the interest rate and charges.
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      , ghaziabad
      Reviewed on Jul 23, 2017
    • Kotak Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I haven't proceeded with Kotak Mahindra bank because of their interest rate. I have chosen HDFC bank for my personal loan. The customer service and the response with Kotak Mahindra is good and supportive. The rate of interest is high with Kotak mahindra when compared with HDFC bank. I would say I got an average service from Kotak Mahindra.
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      , pune
      Reviewed on Jul 19, 2017
    • Kotak Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied personal loan with Kotak mahindra but they haven't proceed loan because the Kotak executive informed me that I am not eligible to get the loan because my salary haven't met their eligibility criteria.The customer service and the response is very good with kotak mahindra. The rate of interest is nominal with Kotak.
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      , kolkata
      Reviewed on Jul 15, 2017
    • Kotak Personal Loan
      "Better Service"
      0.5 1.0/5 "Really Bad"
      I applied for the personal loan with Kotak Mahindra bank but I did not take the loan from it because I could not produce the salary slip. Other than that I do not have any issues with the bank I got good response from the bank when I applied for the loan.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Interest rate is high"
      0.5 1.0/5 "Really Bad"
      I approached kotak mahindra bank for the personal loan but I got to know that the rate of interest is high so I requested them to reduce the interest rate but they are not ready to reduce and said that this is the final rate. Hence I did not avail the personal loan from them. But I got good response for my loan application.
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      , hyderabad
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      I have processed my personal loan with Bajaj Finserv because I already some loan with that financial institute, hence I didn't go head with Kotak Mahindra for the personal loan and also I already submitted my documents with Bajaj Finserv they processed my loan. But Kotak Mahindra interest rate is good compared to Bajaj Finserv.
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      , kolkata
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Good response"
      0.5 4.0/5 "Great!"
      Actually I was planning to get the persona loan for my marriage but my parents managed it so I just dropped the plan in taking the personal loan. Kotak bank is good in response and they responded well when I approached them for the loan.
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      , new delhi
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Charges should be reduced"
      0.5 2.0/5 "Expected more"
      Kotak Mahindra responded very well on the loan process, But they charged me huge interest rate. I took the loan amount of Rs.3 lakhs with 16% of interest rate and also they have taken some processing fee of Rs. 15,000 from the disbursement amount.
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      , bangalore
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Slow process"
      0.5 2.0/5 "Expected more"
      I applied for the personal loan with Kotak Mahindra bank but I did not take the loan from them as they were asking for extra documents. Also their response and their customer service is not much good it is average only. The loan process also very slow with them. It would be good if their loan process is much effective.
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      , bangalore
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Need to reduce the interest rate"
      0.5 3.0/5 "Satisfactory"
      Kotak gave me 11.5% of interest but other banks like HDFC and ICICI is providing only 10.99% of interest for HCL employees. In Kotak for the personal loan they taking some Rs.2500 as processing fee and insurance amount from the disbursement and one more thing I asked the principal amount of Rs.4.5 lakhs but they ready to sanction only Rs.4 lakhs, I am not fine with that, hence I didn't process with them.
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      , chennai
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Charges should be flexible"
      0.5 5.0/5 "Blown Away!"
      I have salary account with Kotak Mahindra, and I took my first loan with Kotak Mahindra. Their customer service is good and over taken by ING VYSYA service. Being an existing customer of bank they gives always better offer in the market. They provided preclosure option after a year however there will charges applicable.
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      , new delhi
      Reviewed on Jul 10, 2017
    • Kotak Personal Loan
      "Hassle free"
      0.5 4.5/5 "Excellent!"
      Overall experience was good with Kotak Mahindra, they just taken three to four days to collect the documents and they sanction the amount within five days. Kotak Mahindra approved the loan of Rs. 4.4 lakhs and they taken Rs.2400 rupees from the disbursement even their interest rate is pretty good.
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      , bangalore
      Reviewed on Jul 10, 2017
    • Kotak Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I approached kotak mahindra bank for the personal loan They contacted me and informed me the details and checked about my requirement then they have arranges executive to collect my documents after collecting third day they are saying salary criteria is not matching your loan cannot be processed.
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      , vadodara
      Reviewed on Jul 10, 2017
    • Kotak Personal Loan
      "Satifactory service"
      0.5 3.0/5 "Satisfactory"
      It was a smooth process with Kotak bank related to the personal loan.The loan process was very easy.They have not applied any charge in the loan process.The executive who handled the loan process was very friendly to me in assisting in 2014 I have availed this personal loan.
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      , jaipur
      Reviewed on Jul 09, 2017
    • Kotak Personal Loan
      "Good services"
      0.5 3.5/5 "Pretty good"
      I could not go ahead for the personal loan with Kotak Mahindra bank due to the salary criteria. The customer services was good and the team is also responsive as well on time. The interest rate and processing charges were very much average which would be around 13%.
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      , mumbai
      Reviewed on Jul 07, 2017
    • Kotak Personal Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      Kotak Mahindra bank was very responsive when I applied for the loan. They provided a good response but actually due to the credit score constrains I could not take the loan from them. Otherwise I do not have any issues with the bank. It was good.
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      , mumbai
      Reviewed on Jul 07, 2017
    • Kotak Personal Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      I did not receive any calls or messages from Kotak Mahindra bank on my personal loan application. I just received a single call on which they said they would come and collect the documents but no one has visited my place for document collection but they closed my application.
      Was this review helpful? 1

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      , hyderabad
      Reviewed on Jul 07, 2017
    • Kotak Personal Loan
      "Good In Followups"
      0.5 4.0/5 "Great!"
      Acually I had received good followup calls and information from Kotak Mahindra bank for the personal loan but I do not know why they had closed my loan application. Meantime I got the call from third party and my loan got approved with ICICI bank. Kotak bank has no part payment option only foreclosure is available.
      Was this review helpful? 0

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      , greater noida
      Reviewed on Jul 07, 2017
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