Axis Bank Personal Loan EMI Calculator

Compare and choose personal loan offers from India's largest banks and NBFCs. Apply with ease for personal loans of up to Rs 40 lakh, with interest rates starting as low as 9.99% p.a. Also explore pre-approved offers from our partner lenders, with no documentation, end-to-end digital process and instant disbursal.

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Amount

₹

₹1L

₹5L

₹10L

₹15L

₹20L

Amount

₹1L

₹5L

₹10L

₹15L

₹20L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Interest rates starting from 9.99% p.a. onwards.
Loan amount of up to Rs. 25 lakh for a tenure of up to 6 years.
No collateral required.
Pre-approved personal loans offered to select existing customers of Axis Bank with no documentation required and low interest rates.
Quick loan approval in 30 seconds.

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Axis Bank Personal Loan EMI Calculator - Highlights

Comparison of Axis Bank Personal Loan EMI with Top Banks

Factors affecting Axis Bank Personal Loan EMI

Benefits of Using Axis Bank Personal Loan EMI Calculator

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Pre-approved Offers with Instant Disbursals

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Axis Bank Personal Loan EMI Calculator - Highlights

Calculates the personal loan EMI and total interest cost payable instantly saving both time and effort.
The EMI can be calculated for different interest rates, loan amount and tenure opted by the borrowers.
It makes it easier to assess the financial situation so that the borrowers can decide their affordable loan amount.
Paisabazar’s Personal Loan EMI Calculator can also be used to evaluate the loan affordability of prospective borrowers..

Comparison of Axis Bank Personal Loan EMI with Top Banks

Lenders	EMI (Rs.)
Lenders	Interest rate (% p.a.)	Loan Amount – Rs. 5 lakh Tenure – 5 years	Loan Amount – Rs. 1 lakh Tenure – 5 years
Axis Bank	9.99 - 17.15	10,621 - 12,467	2,124 - 2,493
HDFC Bank	9.99 - 12.50	10,621- 11,249	2,124 - 2,250
Tata Capital	11.50 onwards	10,996 onwards	2,199 onwards
ICICI Bank	11.00 - 13.00	10,871-11,377	2,174-2,275
Bank of Baroda	10.40-18.10	10,722-12,724	2,144-2,545
Kotak Mahindra Bank	10.5 - 17.20	10,747-12,480	2,149 - 2,496
Bank of India	11.10-16.15	10,896-12,199	2,179-2,440
Canara Bank	9.95-15.40	10,611-12,000	2,122-2,400

Axis Bank Personal Loan Amortisation Schedule

Suppose you borrow a personal loan for Rs. 15 lakh @ 9.99% p.a. for tenure of 5 years, below-mentioned is the amortization schedule for 1 year. For the remaining period, the principal component will continue to increase at the same pace, while the interest portion will gradually decrease.

Month	EMI (₹)	Principal Paid (₹)	Interest Paid (₹)	Outstanding Balance(₹)
1	31,890	19,040	12,850	14,80,960
2	31,890	19,197	12,693	14,61,763
3	31,890	19,354	12,536	14,42,409
4	31,890	19,512	12,378	14,22,897
5	31,890	19,671	12,219	14,03,226
6	31,890	19,830	12,060	13,83,396
7	31,890	19,990	11,900	13,63,406
8	31,890	20,150	11,740	13,43,256
9	31,890	20,311	11,579	13,22,945
10	31,890	20,473	11,417	13,02,472
11	31,890	20,635	11,255	12,81,837
12	31,890	20,798	11,092	12,61,039

Swipe to see more table data

Factors affecting Axis Bank Personal Loan EMI

Rate of Interest

Axis Bank Personal Loan Interest Rates start from 9.99% p.a. Personal loans availed at lower interest rates would result in lower EMIs and interest costs and vice versa. Thus, ensure to compare the personal loan interest rates offered by top lenders before applying for Axis Bank Personal Loan.

Loan Tenure

Personal Loans from Axis Bank come with loan tenures of up to 5 years. Existing personal loan borrowers can lower their EMIs by opting for longer repayment tenures. However, longer repayment tenures end up increasing the total interest cost of their personal loan. Thus, individuals planning to avail Axis Bank personal loan should use the Axis Bank Personal Loan EMI Calculator to find out the optimum loan tenure based on their repayment capacity.

Loan Amount

Personal loan applicants can avail Axis Bank Personal Loans for loan amounts of up to Rs 40 lakh. The bigger the loan amount, the higher would be the EMIs and total interest cost. Calculate the EMI beforehand using the personal loan EMI calculator to know your loan amount affordability. Your eligibility for personal loan amount would primarily depend on your repayment capacity and loan tenure.

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Benefits of Using Axis Bank Personal Loan EMI Calculator

The major benefits of using online Axis Bank Personal Loan EMI Calculator are as follows:

Easy to Use

Axis Bank Personal loan EMI Calculator allows the prospective borrowers to calculate the EMI and interest cost easily and without much hassle. All they need to do is to enter the principal loan amount, the interest rate and the desired loan tenure and get instant results.

Provides Quicker and Accurate Results

Axis Bank Personal EMI Calculator calculates the monthly instalments instantly without any tedious calculations using complex formulas. Since Axis Bank Personal Loan EMI Calculator is automated, there is no scope of errors that comes with manual calculations.

Budget Management

Personal loan EMI calculator allows the applicants to evaluate their loan affordability. Thus , they can plan their monthly budget according to their repayment capacity and save for repayments.

Improve Personal Loan Eligibility

Lenders generally approve personal loan applications of individuals whose total EMI obligations, including their proposed personal loan EMI, does not exceed 50% – 60% of their total monthly income. As using Axis Bank Personal Loan EMI Calculator would give the prospective loan applicants a fair idea of their EMIs, those exceeding the aforementioned limit can opt for longer repayment tenures on their personal loan and/or lower personal loan amounts to reduce the EMI while making personal loan application. This should help them in improving the chances of personal loan approval.

Healthy Credit Scores

Personal loan applicants who have already calculated their monthly instalments using the Axis Bank Personal Loan EMI Calculator would be better prepared to manage their finances for repaying their personal loans within the given tenure. Thus, such applicants would have lower chances of defaulting on their EMIs. This in turn would help in improving or maintaining their credit scores.

Considering the above-mentioned factors, you should use the Axis Bank Personal EMI Calculator to determine your optimum tenure and loan amount for your Axis Bank Personal Loan based on your repayment capacity. You can use Axis Bank Personal Loan EMI calculator or Paisabazaar’s Personal Loan EMI Calculator to calculate and compare the personal loan EMIs of other lenders as well.

How does the Axis Bank Personal Loan EMI Calculator Work

The Axis Bank personal loan EMI calculator works in the following steps

Access the EMI calculator
Enter the loan details - loan amount, interest rate, loan tenure
Get your EMIs, total interest payable and overall repayment cost instantly

Note that, you can adjust the loan parameters and check how different parameters affect your EMI and interest cost. Thus, you can opt for an interest rate, loan amount or loan tenure as per your affordability.

Consequences of Missed EMIs

Missed personal loan EMIs lead to late payment charges that eventually increase the total borrowing cost. This might adversely affect the credit score of the applicant making it difficult to secure personal loans in future.

Penal Charges: