Calculate your Kotak Mahindra Bank car loan EMI instantly. Current rate starts from 8.70 - 12.00% p.a. with tenure up to 7 years.
| Year | Principal | Interest | Balance |
|---|
Kotak Mahindra Bank offers car loan starting from 8.70 - 12.00% per annum with a maximum tenure of 7 years. The processing fee is 0.50% of loan amount. Prepayment policy: Nil after 12 months.
Tenure: 5 years
| Loan Amount | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| ₹3 Lakh | ₹6,184 | ₹71,040 | ₹3,71,040 |
| ₹4 Lakh | ₹8,245 | ₹94,700 | ₹4,94,700 |
| ₹5 Lakh | ₹10,307 | ₹1,18,420 | ₹6,18,420 |
| ₹6 Lakh | ₹12,368 | ₹1,42,080 | ₹7,42,080 |
| ₹7 Lakh | ₹14,429 | ₹1,65,740 | ₹8,65,740 |
| ₹8 Lakh | ₹16,490 | ₹1,89,400 | ₹9,89,400 |
| ₹9 Lakh | ₹18,552 | ₹2,13,120 | ₹11,13,120 |
| ₹10 Lakh | ₹20,613 | ₹2,36,780 | ₹12,36,780 |
| ₹12 Lakh | ₹24,736 | ₹2,84,160 | ₹14,84,160 |
| ₹15 Lakh | ₹30,920 | ₹3,55,200 | ₹18,55,200 |
| ₹20 Lakh | ₹41,226 | ₹4,73,560 | ₹24,73,560 |
Kotak Mahindra Bank offers Car Loan at interest rates starting from 8.70 - 12.00% per annum in 2026. The actual rate depends on your credit score, income, loan amount, and relationship with the bank.
The EMI for a ₹8 Lakh Car Loan from Kotak Mahindra Bank at 8.7% for 5 years is approximately ₹16,490 per month. Use the calculator above to check EMI for different amounts.
Kotak Mahindra Bank offers Car Loan up to ₹1 Crore with a maximum tenure of 7 years, subject to eligibility criteria and income assessment.
The processing fee for Kotak Mahindra Bank Car Loan is 0.50% of loan amount. Prepayment charges: Nil after 12 months.
You can apply for Kotak Mahindra Bank Car Loan online through their official website or by visiting the nearest branch. You will need documents such as identity proof, address proof, income proof, and bank statements. Use the EMI calculator above to plan your loan before applying.