Kotak Mahindra Bank Home Loan EMI Calculator: 2026 Rates updated October 2026
Kotak Mahindra Bank Home Loan EMI Calculator: 2026
The calculator above uses the standard reducing-balance formula. The figures below are worked at Kotak Mahindra Bank's current starting rate of 7.60% p.a.. Source: Kotak Mahindra Bank official rate page, checked 26 Oct 2026. Full rate card: Kotak Mahindra Bank home loan interest rate.
Kotak Mahindra Bank home loan EMI by loan amount and tenure
| Loan amount | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| ₹20 lakh | ₹23,845 | ₹18,654 | ₹16,234 | ₹14,910 | ₹14,121 |
| ₹30 lakh | ₹35,767 | ₹27,981 | ₹24,352 | ₹22,365 | ₹21,182 |
| ₹40 lakh | ₹47,690 | ₹37,308 | ₹32,469 | ₹29,820 | ₹28,243 |
| ₹50 lakh | ₹59,612 | ₹46,635 | ₹40,586 | ₹37,275 | ₹35,304 |
| ₹75 lakh | ₹89,418 | ₹69,953 | ₹60,879 | ₹55,913 | ₹52,956 |
| ₹1 crore | ₹1,19,224 | ₹93,270 | ₹81,172 | ₹74,551 | ₹70,607 |
EMI at 7.60% p.a. Each ₹1 lakh borrowed costs ₹812 a month over 20 years.
Where a ₹50 lakh EMI goes, year by year
| Year | Interest paid | Principal repaid | Balance at year end |
|---|---|---|---|
| 1 | ₹3,76,192 | ₹1,10,839 | ₹48,89,161 |
| 2 | ₹3,67,468 | ₹1,19,563 | ₹47,69,598 |
| 5 | ₹3,36,958 | ₹1,50,073 | ₹43,51,428 |
| 10 | ₹2,67,844 | ₹2,19,187 | ₹34,04,166 |
| 15 | ₹1,66,901 | ₹3,20,130 | ₹20,20,659 |
| 20 | ₹19,471 | ₹4,67,561 | ₹0 |
₹50 lakh at 7.60% over 20 years: EMI ₹40,586, total interest ₹47,40,627. In year 1, 77% of what you pay is interest.
What changes your EMI
| On a ₹50 lakh, 20-year loan | Monthly EMI | Total cost |
|---|---|---|
| Rate rises 0.25% to 7.85% | +₹771 a month | +₹1,84,921 over 20 years |
| Tenure 30 years instead of 20 | −₹5,282 a month | +₹29,68,719 more interest |
The RBI raised the repo rate to 5.50% on 7 October 2026. Repo-linked floating loans reset at the bank's next reset date; prepaying a floating-rate loan carries no penalty for individual borrowers. Try the prepayment calculator.
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What is the Kotak Mahindra Bank Home Loan EMI Calculator?
The Kotak Mahindra Bank Home Loan EMI Calculator is a free online tool that computes your monthly EMI based on loan amount (up to ₹5 crore), interest rate (starting at 7.99% p.a.), and tenure (up to 25 years), using the formula EMI = [P × R × (1+R)^N] / [(1+R)^(N-1)].
