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The Personal Loan EMI Calculator on Kotak Mahindra Bank’s website is a free online tool that helps you calculate your monthly loan repayment amount (EMI) before applying for a loan.
It tells you:
How much you’ll pay every month (EMI)
The total interest you’ll pay
The total amount you’ll repay (loan + interest)
You just need to enter:
Loan amount (e.g., ₹2 lakhs)
Tenure (e.g., 3 years)
Interest rate (e.g., 12%)
And the calculator will instantly show your EMI.
It’s a smart way to plan your loan and make sure the EMI fits your monthly budget.
How Does the Kotak Bank Personal Loan EMI Calculator Work?
The Kotak EMI Calculator is a simple online tool that helps you calculate your monthly EMI based on:
Loan amount (how much you want to borrow)
Interest rate (charged by the bank)
Tenure (the time you’ll take to repay the loan)
Once you enter these 3 values, the calculator instantly shows:
Your monthly EMI
The total interest you’ll pay over the full term
The total amount (loan + interest.
EMI Calculation Formula
The EMI is calculated using this formula:
EMI=P×R×(1+R)N(1+R)N−1\text{EMI} = \frac{P \times R \times (1+R)^N}{(1+R)^N - 1}EMI=(1+R)N−1P×R×(1+R)NWhere:
P = Loan amount
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Number of monthly installments
Example:
If you borrow ₹3,00,000 for 3 years at 12% interest:
R = 12 ÷ 12 ÷ 100 = 0.01
N = 36 months
EMI = ₹9,958 (approx.)
Amortisation Schedule
An amortisation schedule shows you a month-by-month breakdown of your loan repayment. It includes:
EMI amount
Interest paid each month
Principal paid each month
Outstanding balance after each EMI
How to Use the HDFC Bank Personal Loan EMI Calculator
Follow these easy steps:
Visit the Kotak Bank Personal Loan EMI Calculator page (on their official website)
Enter the loan amount you want (e.g., ₹2,00,000)
Select the loan tenure (e.g., 24 months)
Enter the interest rate (e.g., 11.5%)
The calculator will show:
Your monthly EMI
Total interest payable
Total payment
Why Use the HDFC Bank Personal Loan EMI Calculator?
It’s fast and simple
Saves you from doing complex math
Shows instant results
Helps you compare loan options
You get a clear view of your total financial commitment
Benefits of Using a Personal Loan EMI Calculator
Here’s why every borrower should use an EMI calculator:
| Benefit | What It Means |
| Budget Planning | Know if the EMI fits your monthly income |
| Flexible Comparison | Try different loan amounts and tenures |
| Time-Saving | Instant calculation, no paperwork |
| Avoid Surprises | No hidden costs or sudden burden |
| Peace of Mind | You can plan confidently and borrow wisely |
Explore Other Useful Loan Calculators
In addition to personal loans, Kotak Bank also offers calculators for:
Home Loan EMI Calculator
Car Loan EMI Calculator
Education Loan Calculator
Business Loan EMI Calculator
Other Financial Tools You May Find Helpful
Want to improve your financial planning? You can also try:
SIP Calculator – For mutual fund investments
FD Calculator – To know your fixed deposit returns
Loan Eligibility Calculator – To check how much you can borrow
Income Tax Calculator – For tax planning
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