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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.

Axis Bank Personal Loan EMI Calculator

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

Axis Bank Personal Loan EMI Calculation

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




₹5 Lakhs




₹10 Lakhs




Factors Affecting Axis Bank Personal Loan EMIs

The factors affecting Axis Bank 24x7 Personal Loan include your net monthly income, rate of interest, credit history, as well as your existing liabilities. If your existing liabilities are moderate, you may be eligible for a higher loan amount and a low interest rate. Conversely, if your existing liabilities are higher, the loan amount will be lower and interest rates could be higher. 

Some other factors that affect your Axis Bank Personal Loan EMIs are described as under:

  • Monthly Income: To avail a personal loan from Axis Bank you need to have a net monthly income of ₹ 25,000 or above. Your income is a fundamental indicator of whether you will be able to repay the loan in a timely manner. The EMI you can afford to pay the bank every month depends a lot on your monthly income. If your monthly income is less, the bank will not sanction you a loan that requires a high monthly instalment payment.

  • Credit History: A CIBIL score of 700-plus is a must to avail a Personal Loan from Axis Bank. In addition to this, your existing financial obligations play a key role in determining your loan amount eligibility, applicable interest rate, or if you are eligible to receive a loan at all.

  • Rate of Interest: Monthly income, credit history, and outstanding financial liabilities determine the rate of interest that is finally offered to you by the bank. For applicants that have a stable monthly income and a good financial report card, the rate of interest is lower. For applicants with more financial obligations, variable monthly income, and a lower credit score, the rate of interest will be higher.

  • Repayment tenure: The period (term) you choose to repay your loan obligation directly impacts the EMI on personal loan. A shorter tenure means higher EMIs but lower interest burden. A longer tenure reduces the monthly EMI outgoings but can increase your overall financial burden in the long term.

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How to Pay Axis Bank Personal Loan EMI

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

  • NACH (National Automated Clearing House)

    Using this facility, repayments can be made automatically as the EMI gets auto-debited from the linked bank account.

  • ECS (Electronic Clearing System)

    Using ECS, you can make EMI payments in the same way you make payments for other utilities.

  • PDC (Post-Dated Cheque)

    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.

  • Standing Instruction/Debit Mandate

    A standing instruction or a debit mandate for fixed expenses can be given to your bank to be executed at fixed intervals.

How Does the Axis Bank Personal Loan EMI Calculator Work

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.

How to Decide the Right EMI Amount

Using the Axis Bank Personal Loan EMI calculator, you can estimate your EMI liability before taking the loan. You may decide the EMI amount based on your net monthly income and expenses. It is important that you pay your EMI on time, otherwise it can affect your credit score adversely. You should be able to pay your EMI comfortably for the tenure of the personal loan. 


To arrive at an EMI amount that you can easily pay every month, you must consider the following:

  • Existing Liabilities: Any current borrowings or liabilities should be considered before making an application for a fresh loan. Depending on the amount of debt you have already undertaken, whether it's repayment of credit card bills or other loans, you should evaluate your capacity to repay a new loan while meeting the obligations on the existing ones.

  • Loan Amount: Other expenses on your personal balance sheet should help you determine the loan amount you can borrow. It is important to borrow only as much as you need even if you do not have any existing financial liabilities. Personal Loans are unsecured loans that tend to come with higher interest rates. Borrowing a large sum and paying it over a long tenure will increase your long-term EMI burden.

  • Eligibility: Whether you are eligible for a loan or not depends on multiple factors such as your age, CIBIL score, nature of employment, etc. Further, Axis Bank will determine the loan amount and rate of interest you qualify for based on your outstanding financial obligations along with your net monthly income. This will ultimately determine the EMI that you will have to pay to service the Personal Loan.

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Axis Bank Personal Loan EMI Charges in Case of Prepayment

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


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The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on Axis Bank Personal Loan EMI Calculator

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.

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