Rates are indicative and change frequently. Confirm the current rate on the official Kotak Mahindra Bank website before applying.
| Tenure | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 2 yr | ₹13,913 | ₹33,908 | ₹3,33,908 |
| 3 yr | ₹9,751 | ₹51,026 | ₹3,51,026 |
| 5 yr | ₹6,448 | ₹86,890 | ₹3,86,890 |
| 6 yr | ₹5,634 | ₹1,05,626 | ₹4,05,626 |
Shorter tenures mean a higher EMI but much lower total interest. Pick the shortest tenure your monthly budget comfortably allows.
1 Lakh · 2 Lakh · 5 Lakh · 7.5 Lakh · 10 Lakh · 15 Lakh · 20 Lakh
| Lender | Interest Rate | Processing Fee |
|---|---|---|
| ICICI Bank | 9.99% - 15.5% | 2% |
| Bajaj Finserv | 10% - 30% | 3.93% |
| Axis Bank | 10.49% - 22% | 1.5% |
| HDFC Bank | 10.5% - 21% | 1.5% |
| SBI | 10.75% - 14.5% | 0.5% |
What is the EMI for a 3 Lakh Kotak Mahindra Bank personal loan?
At Kotak Mahindra Bank's indicative rate of 10.5% p.a. (as of 2026-08-17), the EMI for a 3 Lakh personal loan over 5 years is about ₹6,448 per month, with total interest of about ₹86,890 over the full tenure.
How much interest do I pay on a 3 Lakh Kotak Mahindra Bank personal loan?
Interest depends on tenure. Over 5 years you pay about ₹86,890 in total interest. The tenure table above shows shorter and longer options - shorter tenures cost less interest but need a bigger monthly EMI.
What affects my Kotak Mahindra Bank personal loan EMI?
Your CIBIL score, income profile, loan amount, tenure and the applicable Kotak Mahindra Bank rate (indicatively 10.5% - 19% p.a. as of 2026-08-17). Confirm the final offer with the lender before applying.
EMI figures on this page are computed with the standard reducing-balance formula using Kotak Mahindra Bank indicative rates as of 2026-08-17. Actual rates depend on your CIBIL score, income profile and lender policy. Verify current rates and terms with the lender before applying. This page is for information only and is not financial advice.
Kotak Mahindra Bank Personal Loan Rates · Personal EMI Calculator · EMI Calculator