Axis Bank Personal Loan that is offered upto Rs. 15 lakh can be availed online without much hassle as the need for documentation is very less and the loan is approved quickly if you meet the eligibility criteria. The personal loan that can be repaid maximum by 60 months can be used for various personal reasons like wedding, vacation, medical emergency, home renovation, higher education, etc.
Axis Bank Personal Loan EMI Calculator
To understand the EMI structure for the repayment period of your Axis Bank Personal Loan, you can take help of Paisabazaar’s personal loan EMI calculator. This EMI Calculator for personal loan helps you to know the EMIs that you would be paying every month after your loan is sanctioned. This way, you do not borrow more than you can repay and select the right loan amount as per your requirement. To know the EMIs, all you need to do is to enter the:
- Loan Amount
- Interest Rate
The below table will give you an idea about how the EMI Calculator works and how you can try various combinations to find the right loan amount, tenure and interest rate:
|Loan Amount||Rate of Interest||Loan Tenure||EMI|
|Rs. 1,29,000||11.5%||17 months||Rs. 8,259|
|Rs. 3,22,000||11.62%||22 months||Rs. 16,321|
|Rs. 4,87,000||11.75%||27 months||Rs. 20,613|
|Rs. 7,35,000||11.87%||36 months||Rs. 24,368|
|Rs. 10,93,000||12%||44 months||Rs. 30,827|
|Rs. 16,16,000||12.12%||50 months||Rs. 34,328|
|Rs. 14,95,000||12.37%||57 months||Rs. 34,818|
What Are The Benefits of Using EMI Calculator?
- Calculating the EMI of a personal loan manually is a time consuming and complex task. But if you calculate the EMIs using an EMI calculator, you will get the results within seconds
- An EMI calculator is easy to use and is available online that too free of cost
- You can also try out different combinations of loan tenures and loan amount to get the EMI amount suits your monthly income and repayment ability
Frequently Asked Questions
What happens if I skip my EMI?
If you skip your EMI due to insufficient balance in your account or due to any other reason, you might have to pay a late payment fee and your credit score will also come down.
When will my EMI be due and how is it to be paid?
Your EMI is due on a fixed date every month that is informed to you by the bank. You can pay the EMI through Electronic Clearing Service (ECS), Standing Instruction (SI) or Post-Dated Cheques (PDCs).
What should be my minimum credit score to apply for Axis Bank Personal Loan?
Your credit score should be at least 750 or above.
How can I apply for an Axis Bank personal loan online?
You can apply for an Axis Bank personal loan through Paisabazaar, which is an online financial platform and allows for a hassle- free application process.
How can I apply for Axis Bank personal loan offline?
- You can call the bank at 1 – 860 – 419 – 5555 and 1 – 860 – 500- 5555
- You can visit the nearest branch of the bank