Monthly EMI: ₹65,468 at 10.99% for 3 years. Total interest: ₹3,56,848.
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With a ₹20 Lakh personal loan from Kotak Mahindra Bank at 10.99% for 3 years, you will pay a monthly EMI of ₹65,468. The total amount payable is ₹23,56,848, of which ₹3,56,848 is interest.
At 10.99% interest rate for 3 years, the EMI for ₹20 Lakh Personal Loan from Kotak Mahindra Bank is ₹65,468 per month. Total interest payable: ₹3,56,848.
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 ₹20 Lakh at 10.99% for 3 years, you would pay approximately ₹3,56,848 as total interest, making the total repayment ₹23,56,848.
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 ₹20 Lakh personal loan.