Monthly EMI: ₹61,860 at 8.75% for 20 years. Total interest: ₹78,46,400.
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With a ₹70 Lakh home loan from Kotak Mahindra Bank at 8.75% for 20 years, you will pay a monthly EMI of ₹61,860. The total amount payable is ₹1,48,46,400, of which ₹78,46,400 is interest.
At 8.75% interest rate for 20 years, the EMI for ₹70 Lakh Home Loan from Kotak Mahindra Bank is ₹61,860 per month. Total interest payable: ₹78,46,400.
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 ₹70 Lakh at 8.75% for 20 years, you would pay approximately ₹78,46,400 as total interest, making the total repayment ₹1,48,46,400.
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 ₹70 Lakh home loan.