Kotak Car Loan EMI Calculator
Preset to Kotak's current car loan emi rate of 9.15%. Change any value to see your own numbers.
- Current rate 9.15%
- Range 9.15–11.75%
- Rank #5 of 7 banks
- Verified 16 July 2026
Kotak Car Loan EMI Calculator
- Principal₹8,00,000
- Total interest₹2,86,309
- Total payment₹10,86,309
Where your money goes
- Principal ₹8,00,000
- Interest ₹2,86,309
Kotak car loan interest rates 2026
| Tenure / slab | Rate |
|---|---|
| New car, salaried (CIBIL ≥ 800) | 9.15% |
| New car, standard profile | 9.55% |
| Self-employed | 9.85% |
| Used car (up to 3 years old) | 11.75% |
This Car Loan calculator is preset to Kotak Mahindra Bank's current 9.15% rate (as of 16 July 2026), so the EMI you see the moment the page loads reflects a real Kotak loan — change the amount or tenure to match yours.
Kotak's car loan rates run from 9.15% to 11.75% depending on your profile and loan size. Below is Kotak's full rate table, the fees and rules that actually apply, and how Kotak compares with the 7 banks we track — the one thing no bank's own page will show you.
Kotak car loan — key facts
- New-car finance of up to 90% of the on-road price is available for eligible borrowers.
- Repayment tenure extends up to 7 years (84 months) on new cars.
- Used-car loans are offered for vehicles typically up to a defined age at loan maturity.
- The loan can cover the vehicle plus registration and insurance, subject to the funding cap.
How Kotak compares
Kotak's car loan rate is above the category median. BoB is cheaper at 8.85%.
Kotak car loan FAQs
What is Kotak's car loan interest rate in 2026?
Kotak Mahindra Bank offers car loan rates from 9.15% to 11.75% (indicative headline 9.15%). The exact rate depends on your credit score, income and loan amount.
What are the fees on a Kotak car loan?
The processing fee is ₹3,000–₹10,000 depending on loan amount + GST. New-car finance of up to 90% of the on-road price is available for eligible borrowers.
Can I prepay or foreclose my Kotak car loan early?
Repayment tenure extends up to 7 years (84 months) on new cars.
How is the EMI on a Kotak car loan calculated?
The EMI uses the reducing-balance method — interest is charged only on the outstanding balance, so the interest share of each instalment falls over time. At 9.15% the calculator above shows your monthly EMI; change the amount and tenure to match your loan.