Kotak Loan Against Property EMI Calculator

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Lowest EMI on Kotak Bank Loan Against Property - Rs. 1,353 per lakh

Last Updated 20th Oct 16

Loan Tenure
Loan Amount (Rs.) 7 years 10 years 12 years
2,500,000 Rs. 45,006 Rs. 36,813 Rs. 33,826
5,000,000 Rs. 90,011 Rs. 73,627 Rs. 67,653
7,500,000 Rs. 135,017 Rs. 110,440 Rs. 101,479
10,000,000 Rs. 180,022 Rs. 147,253 Rs. 135,305

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

Kotak Bank Loan Against Property EMI Calculator
  • 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 12.65%, your EMI can be as low as Rs. 1353 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.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Loan Against Property @ 10.60%* Cashback Upto Rs. 5,000

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Kotak Loan Against Property EMI Calculator News - Oct 2016
04th Oct 16 Kotak Mahindra Bank wins company of the year award in ET Awards for Corporate Excellence Awards
Kotak Mahindra Bank wins the Best Company of the year in ET Awards for Corporate Excellence Awards. The bank won three votes against two. The evolution of the bank remains interesting with services such as stock broking, insurance, currency trading and structured financial products. The latest resilient feather in its cap is the acquisition of ING Vysya, the Dutch Lender Indian Unit, in 2014.
30th Aug 16 RBI gives nod to CPPIB to double its holding in Kotak Mahindra Bank
RBI has allowed Canada Pension Plan Investment Board (CPPIB) to approximately double its share holding in Kotak Mahindra Bank. CPPIB previously holds 4.89 per cent in the bank which it had bought in many tranches. In this year, RBI has maintained the provision of seeking its prior consent if someone wants to increase shareholding/voting rights to 5% or more. Similarly, RBI continues to apply its fit and proper criterion for attainment of shareholding in a private bank beyond 5 per cent.
21st Jul 16 Kotak Mahindra Bank Q1FY17 profit jumps 4-fold
As per the results for Q1FY17, Kotak Mahindra Bank has reported a significant of 291 per cent in its Net Profit reported at Rs 742 crore. The Net Interest Income of the bank increased by 20 percent to reach Rs 1,919.10 crore as on 30th June 2016. The asset quality of the bank weakened mildly in Q1FY17 as Gross NPAs rose sequentially to 2.50 percent compared to 2.36 per cent reported in March quarter However, as per the bank, the profit numbers for current quarter are not comparable on a yoy basis, as there was some one-time costs reflected in the first quarter of last year arising from the merger with ING Vysya Bank, which took effect on April 1, 2015.
30th Jun 16 Kotak Mahindra Bank to launch account opening through tablets soon
With the use of digital channels gaining traction among its customers, Kotak Mahindra Bank would launch account opening through computer tablets in 2 to 3 months across the country. The bank is offering the facility, which enables customers to open accounts in less than 10 minutes, on a pilot basis for corporate salary account holders in Mumbai, Delhi, Pune and Bengaluru now.
15th Jun 16 Kotak Mahindra Bank to pay 6% interest for savings account
Kotak Mahindra Bank has said that its customers will continue to enjoy 6% interest rate on savings account for balance above Rs 1 lakh, and 5% interest rate per annum on savings account for balance up to 1 lakh. Kotak Mahindra Bank offers a range of customised products for different customer segments, including children, women, families, citizens above 55 years of age, etc. Each of these segments has unique financial, lifestage and lifestyle needs, and these products are designed to fulfill their goals.