Axis Personal Loan EMI Calculator
Axis Bank Personal Loan EMI Calculator
The Axis Bank Personal Loan EMI Calculator is a user-friendly online tool that helps you calculate your monthly EMI and overall loan repayment. It enables accurate financial planning by giving instant estimates based on your loan details.
What is an EMI?
EMI (Equated Monthly Installment) is the monthly amount you pay to repay your loan. It includes both the interest and principal components and remains fixed throughout the tenure if you opt for a fixed interest rate.
Formula to Calculate EMI
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
- P = Loan principal
- R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- N = Loan tenure in months
Steps to Use Axis Bank EMI Calculator
- Enter the desired loan amount
- Select loan tenure (in months)
- Enter the interest rate offered by Axis Bank
- Click “Calculate” to view EMI and repayment schedule
Features of Axis Bank EMI Calculator
- Instant EMI calculation
- No login or registration required
- Helps compare loan tenures and interest scenarios
- 24/7 availability for planning at your convenience
Axis Bank Personal Loan Details
- Loan Amount: ₹50,000 to ₹25 Lakhs*
- Tenure: 12 to 60 months
- Interest Rate: Starting from 10.49% p.a.*
- Quick approvals and minimal documentation
Example EMI Calculation
| Loan Amount | Interest Rate | Tenure | Monthly EMI |
|---|---|---|---|
| ₹3,00,000 | 11.00% p.a. | 36 months | ₹9,819 |
Frequently Asked Questions
Q: Can I foreclose my Axis personal loan?
Yes, Axis Bank allows foreclosure after 12 EMIs. Charges may apply depending on the terms of the loan.
Q: Is the EMI amount fixed?
Yes, for fixed interest rate loans, the EMI remains constant throughout the loan tenure.
Q: Where can I find Axis Bank’s official EMI calculator?
Visit: Axis Bank Personal Loan EMI Calculator