Monthly EMI: ₹26,511 at 8.75% for 20 years. Total interest: ₹33,62,640.
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With a ₹30 Lakh home loan from Kotak Mahindra Bank at 8.75% for 20 years, you will pay a monthly EMI of ₹26,511. The total amount payable is ₹63,62,640, of which ₹33,62,640 is interest.
At 8.75% interest rate for 20 years, the EMI for ₹30 Lakh Home Loan from Kotak Mahindra Bank is ₹26,511 per month. Total interest payable: ₹33,62,640.
Kotak Mahindra Bank offers Home Loan at 8.75 - 9.65% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹30 Lakh at 8.75% for 20 years, you would pay approximately ₹33,62,640 as total interest, making the total repayment ₹63,62,640.
Kotak Mahindra Bank's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 8.75 - 9.65% with tenure up to 20 years. Compare with other banks on this page to find the best option for your ₹30 Lakh home loan.