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Axis Bank Gold Loan EMI Calculator

Axis Bank Gold Loan EMI Calculator Sep 2021

Last Updated 22nd Sep 2021

  • Axis Bank gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • Axis Bank gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from Axis Bank and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly Axis Bank gold loan EMI is ₹ 4,778 as calculated using the lowest interest rate of 13.50% for the maximum tenure of 24 months.
  • The table below gives the EMIs on gold loan from Axis Bank at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,955₹ 4,778₹ 3,394
₹ 3 Lakh₹ 26,866₹ 14,333₹ 10,181
₹ 5 Lakh₹ 44,776₹ 23,889₹ 16,968

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    Axis Bank Gold Loan EMI Calculator

    Axis Bank gold loan EMI is a fixed amount of money you pay on your Axis Bank gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of Axis Bank in advance, you can use Axis Bank gold loan EMI Calculator. Axis Bank gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use Axis Bank Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: Axis Bank gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for Axis Bank gold loan.
    • Compare EMI on Axis Bank Gold Loan: You can also estimate the EMI on Axis Bank gold loan with other leading banks using Axis Bank gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use Axis Bank gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    Axis Bank Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the Axis Bank gold loan emi calculator to know your Axis Bank gold loan repayment schedule. To calculate EMI on Axis Bank gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Axis Bank gold loan calculator. For example, the below-mentioned table shows the calculation of Axis Bank gold Loan at the various combinations of loan amount and years at the lowest rate of 13.50%.

    EMI on Axis Bank gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 13.50%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,478 ₹ 2,389 ₹ 1,697
    ₹ 1 Lakh ₹ 8,955 ₹ 4,778 ₹ 3,394
    ₹ 2 Lakh ₹ 17,910 ₹ 9,555 ₹ 6,787
    ₹ 5 Lakh ₹ 44,776 ₹ 23,889 ₹ 16,968

    Axis Bank Gold Loan EMI Calculator Formula

    Axis Bank gold loan calculator works using a simple mathematical formula to calculate your EMI. The Axis Bank gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use Axis Bank calculator to calculate Axis Bank gold loan EMI at rates ranging from 13.50% to 16.95%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator Axis Bank gold loan.

    Comparison of Axis Bank Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    Muthoot 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Yes Bank 9.99% ₹ 3,226 ₹ 6,452 ₹ 16,131
    Fincare Small Finance Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130

    How to Pay Axis Bank Gold Loan EMI?

    There are various methods to pay your Axis Bank gold loan EMI. To make a Axis Bank gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows Axis Bank gold loan online payment through net banking and mobile banking facilities.

    Axis Bank Gold Loan EMI for ₹ 1 Lakh

    The following table shows Axis Bank Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 13.50%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 13.50% 1 ₹ 8,955
    ₹ 1,00,000 13.50% 2 ₹ 4,778
    ₹ 1,00,000 13.50% 3 ₹ 3,394

    Axis Bank Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the Axis Bank gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 13.50%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 13.50% 1 ₹ 26,866
    ₹ 3,00,000 13.50% 2 ₹ 14,333
    ₹ 3,00,000 13.50% 3 ₹ 10,181

    Axis Bank Gold Loan EMI for ₹ 5 Lakh

    Axis Bank gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 13.50%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 13.50% 1 ₹ 44,776
    ₹ 5,00,000 13.50% 2 ₹ 23,889
    ₹ 5,00,000 13.50% 3 ₹ 16,968

    FAQs

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

    There are several benefits to calculate EMI for Axis Bank gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s Axis Bank Gold Loan EMI Calculator?

    With MyLoanCare Axis Bank gold loan EMI calculator, you can easily calculate EMI for Axis Bank gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for Axis Bank gold loan?

    Axis Bank calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use Axis Bank Gold Loan EMI Calculator

    Axis Bank jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay Axis Bank Gold Loan?

    You can repay Axis Bank gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay Axis Bank gold using the EMI option, you can use the Axis Bank jewel loan calculator to calculate Axis Bank gold loan EMI payment.


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    Axis Bank Gold Loan News - Sep 2021
    • 2021-07-09 : Axis Bank Q1 Net Profit seen up 95.2% YoY to Rs. 2,171.1 crores
      Motilal Oswal has come out with its first-quarter earnings estimates for the Banks and Insurance sector. The brokerage house expects Axis Bank to report a net profit of Rs. 2,171.1 crores up 95.2% year-on-year on all products combined including Personal Loan, Home Loan, Loan Against Property, Two-wheeler Loan, Gold Loan, and Car Loan. Net Interest Income (NII) is expected to increase by 12.4% Y-o-Y to Rs. 7,851.8 crores.
    • 2021-02-26 : IRDAI gives approval for Axis Entities-Max Life Insurance deal
      The Insurance Regulatory and Development Authority of India has given its approval to acquire up to 12% stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital and Axis Securities. The IRDAI approval was an important venture transaction that was first announced in April 2020
    • 2021-01-28 : Axis Bank Q3 net profit down 36%
      Axis Bank reported a 36% drop in its net profit in the December quarter. Profit declined to Rs 1,116 crore from Rs 1,757 crore in the same period last year. Provisions in the quarter increased 33% to Rs 4,604 crore against Rs 3,470 crore in the year-ago period . Net interest income (NII), the difference between the interest earned and that paid on deposits which includes FD and RDs rose 14% to Rs 7,372.7 crore
    • 2020-10-30 : Axis Bank reported a net profit of ₹1,623 crores in Q2
      Axis Bank reported a net profit of ₹1,682.67 crores in the Q2 of FY21, as against a loss of ₹112 crores in the same period last year. The net interest income increased 20% y-o-y to ₹7,326 crore and its net interest margin (NIM) stood at 3.58%. Further, retail loans which include home, personal, gold, two-wheeler, gold and car loan grew 12% y-o-y to ₹3.05 trillion, accounting for 53% of the net advances of the bank.
    • 2020-07-02 : Axis Bank delivers strong loan growth
      Axis Bank reported a 4.53% year-on-year rise in profit, the profit reached at Rs 1,757 crore. Banks loan book grew backed by retail loan- car, two-wheeler, gold and personal loan- book grew 25% by almost Rs 28,500 crore on a quarterly basis and the domestic loan growth stood at 18%.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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