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Axis Bank Personal Loan EMI Calculator

Loan Amount
Tenure
  • 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

₹8,838

₹3,274

₹2,174

₹5 Lakhs

₹44,191

₹16,369

₹10,871

₹10 Lakhs

₹88,382

₹32,739

₹21,742

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.

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

DISCLAIMER

 The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

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

Why should I calculate Axis Bank loan EMI before taking a loan?

Calculating the personal loan EMI will help you plan your personal finances better, pay your EMIs on time, and preserve your creditworthiness.

What are the prepayment charges on Axis Bank?

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

Is there any processing fee applicable on personal loans from Axis Bank?

Yes, a processing fee of up to 2% of the loan amount is applicable on Axis Bank personal loans.

Can I get a personal loan from Axis Bank if I have a bad credit score?

A credit score of 700 and above is required to become eligible for a personal loan from Axis Bank.

How can I pay my Axis Bank loan EMI?

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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