Kotak personal loan interest rate and EMI calculator
A bank loan of ₹50,000 to ₹1 crore for salaried employees of companies, from 10.99% a year fixed, with a processing fee of up to 5% and a 4% foreclosure charge in the first three years.
- From 10.99% a year
- ₹50,000 to ₹1 crore
- 1 year to 6 years
We don't arrange Kotak loans. These figures are from Kotak's own pages, for comparison; apply on Kotak's own website or branch.
Rates and charges
- Interest rate
- From 10.99% a year
- Other published rates
- Fixed rate from 10.99% a year; the bank doesn't publish a maximum. Your rate depends on your credit score, income and existing loans (read on 21 October 2026).
- Processing fee
- Up to 5% of the loan + GST, deducted from the amount paid out; stamp duty as per your state
- Loan amount
- ₹50,000 to ₹1 crore
- Tenure
- 1 year to 6 years
- Closing early
- 4% + GST of the outstanding principal in the first 3 years, 2% + GST after that; allowed once the first EMI is paid
- Part-prepayment
- Allowed after the first EMI, up to 20% of the principal owed, once a financial year; charged at 4% of the amount part-paid in the first 3 years and 2% after, + GST.
- Who can apply
- Salaried
- Minimum income
- ₹25,000 a month
- Age
- 21–60 years
Kotak personal loan EMI calculator
Prefilled with Kotak's lowest published rate and its highest published processing fee (5%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹16,367
- Total interest
- ₹89,212
- Processing fee + 18% GST
- ₹29,500
- Total cost of the loan
- ₹1,18,712
- Effective annual cost
- 15.25%
- Money in hand
- ₹4,70,500
- You pay back in 3 yr
- ₹6,18,712
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months | ₹44,188 | ₹30,262 | ₹59,762 | 22.67% |
| 24 months | ₹23,302 | ₹59,238 | ₹88,738 | 17.17% |
| 36 months (yours) | ₹16,367 | ₹89,212 | ₹1,18,712 | 15.25% |
| 48 months | ₹12,920 | ₹1,20,176 | ₹1,49,676 | 14.27% |
| 60 months | ₹10,869 | ₹1,52,123 | ₹1,81,623 | 13.68% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Lenders you can apply to through us
The lowest published starting rates among the lenders we compare. We may earn a commission from these.
- IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
- InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.
Not sure which lender will approve you? See offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Questions people ask
What is the Kotak personal loan interest rate?
Kotak publishes from 10.99% a year. Fixed rate from 10.99% a year; the bank doesn't publish a maximum. Your rate depends on your credit score, income and existing loans (read on 21 October 2026). The rate you're offered depends on your credit score, income and employer.
What is the EMI on a ₹5 lakh Kotak personal loan?
At Kotak's lowest published rate of 10.99%, about ₹16,367 a month over 36 months. Use the calculator above for your own amount and tenure.
What is Kotak's personal loan processing fee?
Up to 5% of the loan + GST, deducted from the amount paid out; stamp duty as per your state. GST at 18% is added to the fee.
Can I close a Kotak personal loan early?
Closing early: 4% + GST of the outstanding principal in the first 3 years, 2% + GST after that; allowed once the first EMI is paid. Part-prepayment: Allowed after the first EMI, up to 20% of the principal owed, once a financial year; charged at 4% of the amount part-paid in the first 3 years and 2% after, + GST.
Can I apply for a Kotak personal loan through CreditParakh?
No. We don't arrange Kotak loans; apply on Kotak's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Big banks' personal loan ratesSBI, HDFC, ICICI and others side by side
- Processing fees and foreclosure chargesEvery lender's charges in rupees
Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.
Source (Kotak's own page, not linked because we don't arrange its loans): https://www.kotak.bank.in/en/personal-banking/loans/personal-loan/fees-and-charges.html. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.