Axis Loan Against Property EMI Calculator

Lowest EMI on Axis Bank Loan Against Property - Rs. 1,162 per lakh

Last Updated 04th Nov 2016
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 15 years
2,500,000 Rs. 43,334 Rs. 35,006 Rs. 29,046
5,000,000 Rs. 86,667 Rs. 70,012 Rs. 58,092
7,500,000 Rs. 130,001 Rs. 105,018 Rs. 87,138
10,000,000 Rs. 173,335 Rs. 140,024 Rs. 116,184

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

Axis Bank Loan Against Property EMI Calculator
  • 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 11.40%, your EMI can be as low as Rs. 1162 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 - Dec 2016
30th Nov 16 Axis Bank fixed deposit rates cut up to 45 basis points
Axis Bank has reduced its bulk fixed deposit (Rs. 1 crore to Rs. 5 crore) rate with tenure of one to two years by 45 basis points to 6.25 percent. The revised fixed deposit rate for deposits with tenure of up to 10 years is now 6 percent. New rates are effective from 29th November, 2016.
22nd Nov 16 Axis Bank fixed deposit rate cut up to 50 basis points
Axis Bank has reduced its fixed deposits rates for one to three years tenure by 25 to 50 basis points. One year fixed deposit rate is reduced to 7 percent. The revised fixed deposit rates of Axis Bank for two and three years are now 6.75 percent. New rates are effective from 21st November, 2016.
17th Nov 16 Axis Bank MCLR cut 15 to 20 bps
Axis Bank has reduced its one year marginal cost fund based lending rate (MCLR) by 15 basis points to 9.05 percent and two year MCLR by 20 basis points to 9.10 percent. The minimum overnight and six months lending rates are reduced to 8.65 percent and 9 percent respectively. The new rates will be effective from 18th November, 2016.
16th Nov 16 Axis Bank to launch chat bots for its mobile banking application and Facebook messenger
Axis Bank has partnered with a Singapore based fintech platform to launch chat bots for its mobile banking customers in the form of a conversational interface. The new service will use artificial intelligence that will help the bank to provide personal and contextual interaction solutions to mobile banking users. Consumers can use the service through web, mobile, social and messaging channels.
09th Nov 16 Axis Bank launches Buzz Credit Card for online shoppers with high discounts
Axis Bank has launched a Buzz Credit card for online shoppers in collaboration with Flipkart. Buzz Credit Card is launched for online shoppers with benefits like round the year discounts and rewards. Customers will be rewarded with introductory vouchers and discounts from Flipkart on the shopping done through card. The card will also offer 15 percent off at over 5,000 restaurants for the entire year.
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