Monthly EMI: ₹22,914 at 10.99% for 3 years. Total interest: ₹1,24,904.
| Year | Principal | Interest | Balance |
|---|
With a ₹7 Lakh personal loan from Kotak Mahindra Bank at 10.99% for 3 years, you will pay a monthly EMI of ₹22,914. The total amount payable is ₹8,24,904, of which ₹1,24,904 is interest.
At 10.99% interest rate for 3 years, the EMI for ₹7 Lakh Personal Loan from Kotak Mahindra Bank is ₹22,914 per month. Total interest payable: ₹1,24,904.
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 ₹7 Lakh at 10.99% for 3 years, you would pay approximately ₹1,24,904 as total interest, making the total repayment ₹8,24,904.
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 ₹7 Lakh personal loan.