Monthly EMI: ₹16,367 at 10.99% for 3 years. Total interest: ₹89,212.
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With a ₹5 Lakh personal loan from Kotak Mahindra Bank at 10.99% for 3 years, you will pay a monthly EMI of ₹16,367. The total amount payable is ₹5,89,212, of which ₹89,212 is interest.
At 10.99% interest rate for 3 years, the EMI for ₹5 Lakh Personal Loan from Kotak Mahindra Bank is ₹16,367 per month. Total interest payable: ₹89,212.
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 ₹5 Lakh at 10.99% for 3 years, you would pay approximately ₹89,212 as total interest, making the total repayment ₹5,89,212.
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 ₹5 Lakh personal loan.