The Axis Bank Personal Loan EMI Calculator is a tool that helps you estimate your EMI obligations on a loan. The calculator is easy to use, saves time, provides quick results, and helps you ascertain your EMI. It also aids you in planning your finances before you avail a personal loan through Bajaj Markets.
Year | Principal | Interest | Balance |
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The following table shows the EMI payable for various loan amounts and tenures:
Loan Amount |
1-Year tenure |
3-Year tenure |
5-Year tenure |
₹1 Lakh |
₹8,838 |
₹3,274 |
₹2,174 |
₹5 Lakhs |
₹44,191 |
₹16,369 |
₹10,871 |
₹10 Lakhs |
₹88,382 |
₹32,739 |
₹21,742 |
Your EMI or equated monthly instalment is due on a fixed date every month for the entire tenure of the loan. It can be repaid using any one of the following methods
Using this facility, repayments can be made automatically as the EMI gets auto-debited from the linked bank account.
Using ECS, you can make EMI payments in the same way you make payments for other utilities.
Post-dated cheques are made out for a future date and can be used to make EMI payments. The cheque cannot be deposited or cashed prior to the date that is written and signed for on the cheque.
A standing instruction or a debit mandate for fixed expenses can be given to your bank to be executed at fixed intervals.
The Axis Bank 24x7 Personal Loan EMI calculator provides a slider using which you can set the required loan amount, expected interest rate, and preferred loan tenure. The Personal Loan EMI calculator will automatically reflect the equated monthly instalment applicable for the tenure of the loan. Knowing the EMI amount in advance helps you plan your finances better and choose the apt loan amount and tenure before applying for a loan on Bajaj Markets.
The charges applicable on Axis Bank Personal Loan EMI in case of prepayment of the loan are as under (charges exclusive of GST):
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for more than 36 months
Calculating the personal loan EMI will help you plan your personal finances better, pay your EMIs on time, and preserve your creditworthiness.
The prepayment charges applicable on Axis Bank Personal Loans (exclusive of GST) are as under:
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for more than 36 months
Yes, a processing fee of up to 2% of the loan amount is applicable on Axis Bank personal loans.
A credit score of 700 and above is required to become eligible for a personal loan from Axis Bank.
Yes, you can always pay an amount greater than the EMI amount to the bank in a given month. If you choose to do so, the extra amount will not only reduce the principal sum borrowed but also reduce your interest burden. You also have the option to pay off your entire loan much before the loan tenure is complete. In this case, however, the lender might charge you an extra amount as a penalty for foreclosure.
You can pay your Axis Bank Loan EMI by NACH/ECS, post-dated cheque, or by giving standing instructions to your banking partner.