Kotak Loan Against Property EMI Calculator

Lowest EMI on Kotak Bank Loan Against Property - Rs. 1,224 per lakh

Last Updated 24th Jan 2017
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 12 years
2,500,000 Rs. 42,152 Rs. 33,734 Rs. 30,604
5,000,000 Rs. 84,303 Rs. 67,468 Rs. 61,207
7,500,000 Rs. 126,455 Rs. 101,201 Rs. 91,811
10,000,000 Rs. 168,607 Rs. 134,935 Rs. 122,414

Check Kotak Loan Against Property EMI for a loan amount and tenure

Kotak Bank Loan Against Property EMI Calculator
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  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Kotak Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Kotak Bank now offering loan tenure upto 18 years at attractive interest rates starting is 10.50%, your EMI can be as low as Rs. 1224 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on Kotak Bank Loan Against Property.

Will the Kotak Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Kotak Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Kotak Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Kotak Bank, the bank may increase your EMI amount.

Will Loan Against Property EMI change in case of prepayment?

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Kotak Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does Loan Against Property EMI calculator calculate Loan Against Property EMI?

  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
Kotak Loan Against Property EMI Calculator News - Jan 2017
24th Jan 17 Kotak Mahindra Bank is likely to register a strong growth in net profit during third quarter of FY 17
Analysts at CNBC have forecasted a strong growth in net profit of Kotak Mahindra Bank during the third quarter of FY 17. As per the polls, the bank is likely to see an increase of 27 percent in its net profit to Rs. 808 crore on a year on year basis. Kotak Mahindra Bank is scheduled to announce its Q3 results on 25th January, 2017.
17th Jan 17 Kotak Mahindra Bank acquires 19.9 percent stake in Airtel M Commerce Services
Kotak Mahindra Bank Limited has bought a 19.9 percent stake in Airtel M Commerce Services Limited for Rs. 98.38 crore to set up payments bank. AMSL provides electronic payment services to the customers under the Airtel Money brand name.
13th Jan 17 Kotak Mahindra Bank reduces savings account deposit rates
Kotak Mahindra Bank has reduced its saving account deposit rates for deposits above Rs. 5 crores to 5.5 percent as compared to 6 percent earlier. The revised saving account deposit rate for deposits up to Rs. 1 lakh now stands at 5 percent. The rates are effective from 6th January, 2017.
07th Jan 17 Kotak Mahindra Bank cuts base rate to 9.30 percent
Kotak Mahindra Bank has reduced its base rate by 10 basis points to 9.30 percent as compared to 9.40 percent earlier. The rate is effective from 6th January, 2017.
02nd Jan 17 Kotak Mahindra Bank reduces MCLR rate by up to 45 basis points
Kotak Mahindra Bank has reduced its overnight and six months marginal cost of lending rates to 8.20 and 8.65 percent respectively. The revised MCLR for one year now stands at 9.20 percent. The bank has reduced its two and three year MCLR by 25 basis points to 9 percent as compared to 9.25 percent earlier. The new rates are effective from 1st January, 2017.
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