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    Kotak Mahindra Personal Loan EMI Calculator

    We found 2 Kotak Mahindra Personal Loan EMI Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 14.50% Fixed
    0.99% to 2% One time fee
    45L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Kotak Mahindra Personal Loan EMI Calculator is Rated as "Pretty good" by 1875 Users

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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

    • 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’.

    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.

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  • Personal Loan Reviews

    • Kotak Personal Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      After giving the loan request to Kotak Mahindra bank, they had called me and shared the loan process update. But due to the personal reason I had postponed the plan. Other banks are providing beneficial interest rate but Kotak charges high rate.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      Kotak Mahindra Bank has been good in the services for the personal loan. The team contacted me on time and informed me the details. The loan could not process due to the banking norms. I was offered a normal interest rate and processing charges.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Timely process has to be done"
      0.5 4.0/5 "Great!"
      I am not happy with Kotak Mahindra personal loan process, they took more than a month and they processed an EMI before sanctioning the loan. I took the amount of 3 lakhs with the tenure of 3 years and my EMI is 10,802, its running without any issues.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Not happy with the services & interest rate"
      0.5 3.0/5 "Satisfactory"
      I am not too happy with Kotak Mahindra Bank as they were delaying to contact me by a week or two. The bank was also high on the rate of interest and the processing charges, when compared to what the other banks offer. I cancelled the application and moved ahead with another bank for the personal loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Good in Response"
      0.5 5.0/5 "Blown Away!"
      When I decided to take the personal loan, I approached Kotak Mahindra Bank through online source. But later I did not avail the loan due to my personal reasons. I do not have any issues with the bank for the loan process. In fact, I received proper response from the bank.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Respond has to be improved"
      0.5 4.0/5 "Great!"
      Still now there is no information from Kotak Mahindra, why my loan application got rejected. Nobody called from the bank to check the loan process or nobody contacted me to collect the documents, I am not happy with their service they should improve.
      Was this review helpful? 0
      , noida
      Reviewed on May 27, 2017
    • Kotak Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Initially, Kotak Mahindra Bank contacted me , they collected all my documents for the personal loan process, then there was no response from their end after some days they have contacted and they said Rate of interest will not be charged but later on after disbursement of loan they have charged certain amount however there was no proper communications from them after that.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Kotak Personal Loan
      "Worst Customer service"
      0.5 1.0/5 "Really Bad"
      I have applied personal loan with Kotak Mahendra, They didn't even bothered about my personal loan application. Because they did not gave any response towards my personal loan application. I would like to suggest that kotak Mahendra can be focused a lot on the customers application in future.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 26, 2017
    • Kotak Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      Kotak Mahendra gives very less loan amount, with a nominal interest rate. But the loan amount was really low that was the reason I haven't got the loan with Kotak Mahendra. They also gave the prompt response and they have communicated well. I would suggest Kotak to increase the loan amount to the customers who are eligible for the loan. Overall I would say it is a better service.
      Was this review helpful? 0
      , noida
      Reviewed on May 25, 2017
    • Kotak Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra bank provided me a personal loan which no other bank did and I am happy for the support and services. The interest rate and processing charges was also reasonable and I had no issues in the documentation as well. I got the funds on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I did not have sufficient documents , so only I did not get the personal loan from Kotak mahindra bank, rest everything else was okay for me, also I have not faced any issues with them. Rate of interest offered by the bank was around 12%, which is really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "Excellent Work in Processing Personal Loan"
      0.5 5.0/5 "Blown Away!"
      I would like to thank and appreciate "Mr Saumendra Subudhi (Relationship Manager ) & team specially Mr. Vinod & Mr. Santosh Kumar S". For taking my case as a priority and working over it . I am truly satisfied with your attitude and care for your customers. You all made it true not by words but by actions that Kotak cares and stands for its Customers. Once again thank you guys for the effort u put in.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "Bank explained details clearly"
      0.5 4.0/5 "Great!"
      I am very happy with Kotak Mahindra bank as they did not delay but informed me about all the terms and conditions on time. The bank could not proceed for my personal loan due to the salary criteria. The rate of interest was around 11% and the processing charges was normal.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "They need an improvement on customer's service part"
      0.5 2.0/5 "Expected more"
      Initially, Kotak Mahindra Bank contacted me , they collected all my documents for the personal loan process, then there was no response from their end. I tried reach them but non of them responded hence I am unable to take personal loan from them...
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "Good Bank"
      0.5 2.0/5 "Expected more"
      Five months back I had taken personal loan from Kotak Mahindra Bank. The loan amount is five plus lakhs and the interest rate is far good than the other banks. The good thing about Kotak is they do not have a lot of rules and regulations and their rate of interest will be too good. But the drawback is their customer service is not at all approachable. Easily I got the loan from the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Kotak Personal Loan
      "High Rate of Interest"
      0.5 3.0/5 "Satisfactory"
      I thought to take a personal loan from Kotak Mahindra bank so I applied with them. But then, I am not feel comfortable with their rate of interest as it is very high than the other banks. So I just closed the application. But I got good response from the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Kotak Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The services provided by Kotak Mahindra bank was very much aveage. I had applied for a personal loan and I received a call and the team checked about my requirement. I was promised that some one would come over and collect my documents, but no one did and I could not proceed ahead for the loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 23, 2017
    • Kotak Personal Loan
      "Recommendable Bank"
      0.5 5.0/5 "Blown Away!"
      When I approached Kotak Mahindra Bank for the personal loan, I received very good response from them and they processed the loan application without any delay. It was smooth and prefect throughout the process. The rate of interest is normal one with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 23, 2017
    • Kotak Personal Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      I applied from a different online channel for a personal loan with Kotak Mahindra bank and once the details reached the bank, the rate of interest was way higher than what I was eligible for and to what I was informed about at the first stage. I was informed about a rate of around 11% and Kotak was offering me 14%. The loan amount was also varying.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Kotak Personal Loan
      "Be professional"
      0.5 1.0/5 "Really Bad"
      When I approached Kotak Mahindra Bank for the personal loan, their executives interrogated me. A particular lady from Kotak called me and she was really rude. From that day onwards I decided not to use the services of KOTAK in my life, even I would not use Kotak ATMS too. Also I got call from her manager too, even the manager is also speaking same as the lady. I would not recommend this bank to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2017
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