Monthly EMI: ₹8,837 at 8.75% for 20 years. Total interest: ₹11,20,880.
| Year | Principal | Interest | Balance |
|---|
With a ₹10 Lakh home loan from Kotak Mahindra Bank at 8.75% for 20 years, you will pay a monthly EMI of ₹8,837. The total amount payable is ₹21,20,880, of which ₹11,20,880 is interest.
At 8.75% interest rate for 20 years, the EMI for ₹10 Lakh Home Loan from Kotak Mahindra Bank is ₹8,837 per month. Total interest payable: ₹11,20,880.
Kotak Mahindra Bank offers Home Loan at 8.75 - 9.65% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.75% for 20 years, you would pay approximately ₹11,20,880 as total interest, making the total repayment ₹21,20,880.
Kotak Mahindra Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 8.75 - 9.65% with tenure up to 20 years. Compare with other banks on this page to find the best option for your ₹10 Lakh home loan.