Kotak Mahindra Personal Loan Vs Allied Bank Comparison
Live Kotak Mahindra Bank Personal Loan analytics — intent: comparison
Live EMI Engine · Kotak Mahindra Bank · Personal Loan
₹500,000
8.85%
4 yr
Monthly EMI
₹12,407
Total Interest
₹95,533
Total Payable
₹595,533
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| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | ₹12,407 | ₹3,688 | ₹8,719 | ₹491,281 |
| 2 | ₹12,407 | ₹3,623 | ₹8,784 | ₹482,497 |
| 3 | ₹12,407 | ₹3,558 | ₹8,849 | ₹473,648 |
| 4 | ₹12,407 | ₹3,493 | ₹8,914 | ₹464,735 |
| 5 | ₹12,407 | ₹3,427 | ₹8,980 | ₹455,755 |
| 6 | ₹12,407 | ₹3,361 | ₹9,046 | ₹446,709 |
| 7 | ₹12,407 | ₹3,294 | ₹9,112 | ₹437,597 |
| 8 | ₹12,407 | ₹3,227 | ₹9,180 | ₹428,417 |
| 9 | ₹12,407 | ₹3,160 | ₹9,247 | ₹419,170 |
| 10 | ₹12,407 | ₹3,091 | ₹9,316 | ₹409,854 |
| 11 | ₹12,407 | ₹3,023 | ₹9,384 | ₹400,470 |
| 12 | ₹12,407 | ₹2,953 | ₹9,453 | ₹391,016 |
Safety, fees & legality matrix — Kotak Mahindra Bank
Structured verification snapshot for borrower due-diligence.
| Regulator | RBI |
|---|---|
| Shariah-compliant | No |
| Processing fee | 0.50–1.50% |
| Prepayment penalty | 1.00–3.00% |
| Max tenure | 30 years |
| Deposit insurance | DICGC up to ₹5L |
| Digital approval time | 48 hours |