Monthly EMI: ₹6,547 at 10.99% for 3 years. Total interest: ₹35,692.
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With a ₹2 Lakh personal loan from Kotak Mahindra Bank at 10.99% for 3 years, you will pay a monthly EMI of ₹6,547. The total amount payable is ₹2,35,692, of which ₹35,692 is interest.
At 10.99% interest rate for 3 years, the EMI for ₹2 Lakh Personal Loan from Kotak Mahindra Bank is ₹6,547 per month. Total interest payable: ₹35,692.
Kotak Mahindra Bank offers Personal Loan at 10.99 - 24.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 10.99% for 3 years, you would pay approximately ₹35,692 as total interest, making the total repayment ₹2,35,692.
Kotak Mahindra Bank's prepayment policy for Personal Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 10.99 - 24.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹2 Lakh personal loan.