Axis Loan Against Property EMI Calculator

Lowest EMI on Axis Bank Loan Against Property - Rs. 1,137 per lakh

Last Updated 04th Nov 2016
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 42,806 Rs. 34,438 Rs. 28,415
5,000,000 Rs. 85,612 Rs. 68,875 Rs. 56,830
7,500,000 Rs. 128,418 Rs. 103,313 Rs. 85,245
10,000,000 Rs. 171,224 Rs. 137,750 Rs. 113,660

Check Axis Loan Against Property EMI for a loan amount and tenure

Axis Bank Loan Against Property EMI Calculator
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  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay Axis Bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
  • With Axis Bank now offering loan tenure upto 18 years at attractive interest rates starting is 11.00%, your EMI can be as low as Rs. 1137 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on Axis Bank Loan Against Property.

Will the Axis Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Axis Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Axis Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Axis Bank, the bank may increase your EMI amount.

Will Loan Against Property EMI change in case of prepayment?

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Axis Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does Loan Against Property EMI calculator calculate Loan Against Property EMI?

  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
Axis Loan Against Property EMI Calculator News - Jan 2017
20th Jan 17 Axis Bank registers a 73 percent fall in its net profit in third quarter of FY 17
Axis Bank has registered a decline of 73 percent in its net profit at Rs. 580 crore for the quarter ending on 31st December, 2016 as compared to Rs. 2, 175 crore for the corresponding period a year ago. The decline in net profit has been caused to by a sharp rise in the non performing assets of the banks rose sharply and reached Rs. 20, 466 crore during the latest quarter compared to Rs. 6, 378 crore a year ago.
19th Jan 17 Axis Bank is likely to see a decline in its net profit during the third quarter of FY 17
Analysts at CNBC have forecasted a decline in net profit of Axis Bank during the third quarter ending 31st December, 2016. As per the polls, the bank is likely to see a fall of 63 percent in its net profit to Rs. 802 crore on a year on year basis. Axis Bank is scheduled to announce its Q3 results on 19th January, 2017.
14th Jan 17 Axis Bank cuts MCLR by up to 70 basis points
Axis Bank has reduced its overnight marginal cost of lending rate to 7.90 percent as compared to 8.55 percent earlier. The revised three month and six month MCLR now stands at 8.05 and 8.15 percent respectively. The bank has also reduced its one year MCLR by 65 basis points to 8.25 percent. The rates will be effective from 18th January, 2017.
29th Dec 16 Axis Bank helps a real estate firm in raising a term loan of Rs. 495 crores
Axis Bank has helped Vatika Group, a Gurgaon based leading real estate firm in raising a term loan of Rs. 495 crore to be utilised to achieve the growth targets of its hospitality arm. The company also intends to use a portion of the funds for expanding its business centres across the city.
19th Dec 16 Axis Bank reduces its MCLR by up to 15 basis points
Axis Bank has reduced its overnight marginal cost of lending rates by 10 basis points to 8.55 percent as compared to 8.65 percent earlier. The revised MCLR for six months and one year now stands at 8.85 and 8.90 percent respectively. The rates are effective from 17th December, 2016.
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