Axis Bank Personal Loan Calculator
Axis Bank Personal Loan EMI Calculator, May 2022
- Personal loan EMI in Axis Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
- Axis Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
- Lowest monthly EMI is ₹ 2,174 per lakh on Axis Bank Bank personal loan as calculated using the lowest interest rate of 11.00% for the longest tenure of 60 months.
- For example, the table below gives the EMIs on Axis Bank Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount | 1 Year Loan | 3 Year loan | 5 Year loan |
₹ 1 Lakh | ₹ 8,838 | ₹ 3,274 | ₹ 2,174 |
₹ 5 Lakh | ₹ 44,191 | ₹ 16,369 | ₹ 10,871 |
₹ 10 Lakh | ₹ 88,382 | ₹ 32,739 | ₹ 21,742 |
Sorry! You have exceeded your daily OTP limit. Please retry after 24 hours.
- MyLoanCare does not charge any fees for processing your application. Never pay any cash to anyone for your application.
- Never share your OTP with anyone.
Please Re-confirm Your Number
Please Re-confirm Your
Bank/NBFCs | Rate* | EMI per Lakh* | Action |
---|
* Starting From
Personal Loan EMI Calculator Axis Bank
Axis Bank Personal Loan EMI is a fixed amount of money paid by you to Axis Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your Axis Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator Axis Bank. The calculator functions on a mathematical algorithm and gives accurate results in no time.
Why should you use Axis Bank Personal Loan EMI Calculator?
- Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for Axis Bank personal loan which can range between 11.00% to 17.25%.
- Compare Axis Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from Axis Bank with that of leading banks in India using the same loan amount of upto ₹ 25 Lakh for a maximum tenure of 60 months, but at different interest rates.
- Calculate interest on Axis Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from Axis Bank over the loan tenure.
- Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at Axis Bank or balance transfer to another bank.
Axis Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget
Input different loan amounts and tenure at the eligible interest rate on Axis Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of Axis Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 11.00%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right Axis Bank personal loan plan for you.Personal Loan EMI is calculated for Axis Bank for different loan amounts and tenures at the rate of 11.00%.
Loan Amount (Rs.) | 2 Years | 3 Years | 5 Years |
1 Lakh | ₹ 4,661 | ₹ 3,274 | ₹ 2,174 |
3 Lakh | ₹ 13,982 | ₹ 9,822 | ₹ 6,523 |
5 Lakh | ₹ 23,304 | ₹ 16,369 | ₹ 10,871 |
10 Lakh | ₹ 46,608 | ₹ 32,739 | ₹ 21,742 |
Factors Affecting Axis Bank Personal Loan EMI
- Loan amount – You will pay a higher EMI for the higher loan amount. Axis Bank gives a minimum loan of ₹ 50,000 and a maximum loan amount of ₹ 25 Lakh.
- Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. Axis Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by Axis Bank is 11.00%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
- Loan tenure – This is the period over which you can repay your loan in Axis Bank. So, your EMI will be lower if you take a 60months loan from Axis Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.
Comparison of Axis Bank Personal Loan EMI with other Banks
Bank Name | Interest Rate | Loan Amount of ₹ 1 Lakh | Loan Amount of ₹ 5 Lakh | Loan Amount of ₹ 10 Lakh |
Axis Bank | 11.00% | ₹ 8,838 | ₹ 44,191 | ₹ 88,382 |
Standard Chartered Bank | 11.50% | ₹ 8,862 | ₹ 44,308 | ₹ 88,615 |
IIFL | 11.75% | ₹ 8,873 | ₹ 44,366 | ₹ 88,732 |
Fullerton India | 11.99% | ₹ 8,884 | ₹ 44,422 | ₹ 88,844 |
IDBI Bank | 12.00% | ₹ 8,885 | ₹ 44,424 | ₹ 88,849 |
Axis Bank Personal Loan Amortization Calculator
Axis Bank Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Axis Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.
How to read an amortization schedule
Suppose if you take a Personal Loan of ₹ 4.50 Lakh for 2 years from Axis Bank at an interest rate of 11.00%. EMI calculated for this loan amount is ₹ 20,974 and the total annual EMIs to be paid annually is ₹ 2,51,682. The EMI schedule of loan for 2 years is explained below in the table –
Amortization Schedule for a Personal Loan of ₹ 4.50 Lakh over the 2 years
Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
---|---|---|---|---|
2022 | ₹ 28,595 | ₹ 1,39,193 | ₹ 1,67,788 | ₹ 3,10,807 |
May | ₹ 4,125 | ₹ 16,849 | ₹ 20,974 | ₹ 4,33,151 |
Jun | ₹ 3,971 | ₹ 17,003 | ₹ 20,974 | ₹ 4,16,148 |
Jul | ₹ 3,815 | ₹ 17,159 | ₹ 20,974 | ₹ 3,98,989 |
Aug | ₹ 3,657 | ₹ 17,316 | ₹ 20,974 | ₹ 3,81,673 |
Sep | ₹ 3,499 | ₹ 17,475 | ₹ 20,974 | ₹ 3,64,198 |
Oct | ₹ 3,338 | ₹ 17,635 | ₹ 20,974 | ₹ 3,46,563 |
Nov | ₹ 3,177 | ₹ 17,797 | ₹ 20,974 | ₹ 3,28,766 |
Dec | ₹ 3,014 | ₹ 17,960 | ₹ 20,974 | ₹ 3,10,807 |
2023 | ₹ 22,881 | ₹ 2,28,801 | ₹ 2,51,682 | ₹ 82,006 |
Jan | ₹ 2,849 | ₹ 18,124 | ₹ 20,974 | ₹ 2,92,682 |
Feb | ₹ 2,683 | ₹ 18,291 | ₹ 20,974 | ₹ 2,74,392 |
Mar | ₹ 2,515 | ₹ 18,458 | ₹ 20,974 | ₹ 2,55,933 |
Apr | ₹ 2,346 | ₹ 18,627 | ₹ 20,974 | ₹ 2,37,306 |
May | ₹ 2,175 | ₹ 18,798 | ₹ 20,974 | ₹ 2,18,508 |
Jun | ₹ 2,003 | ₹ 18,971 | ₹ 20,974 | ₹ 1,99,537 |
Jul | ₹ 1,829 | ₹ 19,144 | ₹ 20,974 | ₹ 1,80,393 |
Aug | ₹ 1,654 | ₹ 19,320 | ₹ 20,974 | ₹ 1,61,073 |
Sep | ₹ 1,477 | ₹ 19,497 | ₹ 20,974 | ₹ 1,41,576 |
Oct | ₹ 1,298 | ₹ 19,676 | ₹ 20,974 | ₹ 1,21,900 |
Nov | ₹ 1,117 | ₹ 19,856 | ₹ 20,974 | ₹ 1,02,044 |
Dec | ₹ 935 | ₹ 20,038 | ₹ 20,974 | ₹ 82,006 |
2024 | ₹ 1,888 | ₹ 82,006 | ₹ 83,894 | ₹ 0 |
Jan | ₹ 752 | ₹ 20,222 | ₹ 20,974 | ₹ 61,784 |
Feb | ₹ 566 | ₹ 20,407 | ₹ 20,974 | ₹ 41,377 |
Mar | ₹ 379 | ₹ 20,594 | ₹ 20,974 | ₹ 20,783 |
Apr | ₹ 191 | ₹ 20,783 | ₹ 20,974 | ₹ 0 |
In the above illustration, on a Axis Bank Personal Loan of₹ 4.50 Lakh, taken at the lowest interest rate of 11.00, EMI paid is ₹ 20,974 and an annual total of EMIs is ₹ 2,51,682, the interest component is ₹ 38,989 while the principal component is ₹ 2,12,694 in year 1 of loan disbursement. You repay only 47.27% of the total principal after paying 12 EMIs during the first year.
Axis Bank Personal Loan Interest Calculator Formula
Axis Bank calculates personal loan EMI based on the following formula
P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Axis Bank Personal Loan EMI is calculated:
In the above formula,
P = Loan amount.Axis Bank personal loan amount can range from ₹ 50,000 to ₹ 25 Lakh.
r = Rate of interest per month. The current Axis Bank Personal Loan rate is 11.00%.
n = Tenure in month. This can range up to 60months in case of Axis Bank.
How to use Axis Bank Personal Loan EMI Calculator
- Axis Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
- Axis Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.
Axis Bank Personal Loan EMI for ₹ 1 Lakh
The following table shows Axis Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 11.00%
Loan Amount | Interest Rate | Tenure(Year) | EMI |
---|---|---|---|
₹ 1,00,000 | 11.00% | 1 | ₹ 8,838 |
₹ 1,00,000 | 11.00% | 2 | ₹ 4,661 |
₹ 1,00,000 | 11.00% | 3 | ₹ 3,274 |
₹ 1,00,000 | 11.00% | 4 | ₹ 2,585 |
₹ 1,00,000 | 11.00% | 5 | ₹ 2,174 |
Axis Bank Personal Loan EMI for ₹ 3 Lakh
Loan Amount | Interest Rate | Tenure(Year) | EMI |
---|---|---|---|
₹ 3,00,000 | 11.00% | 1 | ₹ 26,514 |
₹ 3,00,000 | 11.00% | 2 | ₹ 13,982 |
₹ 3,00,000 | 11.00% | 3 | ₹ 9,822 |
₹ 3,00,000 | 11.00% | 4 | ₹ 7,754 |
₹ 3,00,000 | 11.00% | 5 | ₹ 6,523 |
Axis Bank Personal Loan EMI for ₹ 5 Lakh
The following table shows Axis Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 11.00%.
Loan Amount | Interest Rate | Tenure(Year) | EMI |
---|---|---|---|
₹ 5,00,000 | 11.00% | 1 | ₹ 44,191 |
₹ 5,00,000 | 11.00% | 2 | ₹ 23,304 |
₹ 5,00,000 | 11.00% | 3 | ₹ 16,369 |
₹ 5,00,000 | 11.00% | 4 | ₹ 12,923 |
₹ 5,00,000 | 11.00% | 5 | ₹ 10,871 |
Axis Bank Personal Loan EMI for ₹ 10 Lakh
Loan Amount | Interest Rate | Tenure(Year) | EMI |
---|---|---|---|
₹ 10,00,000 | 11.00% | 1 | ₹ 88,382 |
₹ 10,00,000 | 11.00% | 2 | ₹ 46,608 |
₹ 10,00,000 | 11.00% | 3 | ₹ 32,739 |
₹ 10,00,000 | 11.00% | 4 | ₹ 25,846 |
₹ 10,00,000 | 11.00% | 5 | ₹ 21,742 |
How to Pay Axis Bank Personal Loan EMI?
There are various online & offline methods to pay your Axis Bank Personal Loan EMI. To repay your Axis Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of Axis Bank. Axis Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest Axis Bank branch.
FAQs
✅Why should I calculate Axis Bank loan EMI before taking a loan?
It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your Axis Bank personal loan EMI. For instance, if you want to avail Axis Bank personal loan at the lowest rate of 11.00% and your monthly EMI, which comes out at ₹ 2,174 is more than your monthly budget. You have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable. In addition, if you already know the EMI you have to pay each month, you can plan your expenses accordingly. Finally, based on the EMI amount, you can opt to make a prepayment of your loan in the future when you have a surplus amount.
✅What is the lowest EMI per lakh offered by Axis Bank on a personal loan?
Axis Bank offers a personal loan at a 11.00% interest rate for a maximum of 60 months, and hence lowest EMI per lakh loan amount is ₹ 2,174. However, Axis Bank may offer a lower interest rate to you if you hold your salary account with the bank or if you are an existing customer.
✅How can I pre-close Axis Bank personal loan?
You can pre-close your Axis Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.
✅What are the prepayment charges on Axis Bank ?
Axis Bank offers you an option of prepayment after 1 months at For Loan Amt Approved of 10 Lacs and above-- 0% FC charges after 12 EMIs if closure through OWN FUNDS,1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2%.You have to pay these charges if you decide to pay the loan amount before the due date.
✅Is there any processing charge on a personal loan from Axis Bank?
Yes, Axis Bank charges a certain amount of processing fee to process your loan application. Currently, Axis Bank charges a processing fee of Rs.4,999 on a Personal Loan.
✅Will I get a personal loan from Axis Bank if I have a bad credit score?
No, for taking a loan from Axis Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high Axis Bank personal loan rate.
✅What is the EMI for a₹ 20 Lakh personal loan in Axis Bank Bank?
At the current rate of 11.00%, EMI on Axis Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 2,04,356, ₹ 2,16,155 and ₹ 2,53,586 respectively.
✅Can I have a co-applicant while applying for a Personal loan with Axis Bank ?
Yes, you can opt for a co-applicant to take a personal loan from Axis Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.
✅Can we pay more than EMI in Axis Bank personal loan?
If you have funds, then you can pay more than the regular EMI on your Axis Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.
✅How can I pay my Axis Bank loan EMI?
You can pay the Axis Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.
Compare Personal Loan EMI of All Banks
City | Customer Care Number |
---|---|
Agra | 0522-2230857 |
Ahmedabad | 079-26563232 |
Ambala | 0172-2620489 |
Anand | 079-26563232 |
Aurangabad Bihar | 022-25260501 |
Bangalore | 080-25317830 |
Bhilai | 1800-209-5577 |
Bhilwara | 1800-209-5577 |
Bhiwadi | 022-25260501 |
Bhopal | 0755-2579009 |
Bhubaneswar Cuttack | 0674-2572955 |
Bikaner | 1800-209-5577 |
Chandigarh | 0172-2620489 |
Chennai | 044-28123888 |
Cochin | 1800-209-5577 |
Coimbatore | 044-28123888 |
Dehradun | 1800-209-5577 |
Delhi | 011-23736555 |
Durg | 1800-209-5577 |
Faridabad | 0124-2309447 |
Gandhinagar | 079-26563232 |
Ghaziabad | 0522-2230857 |
Goa | 022-25260501 |
Greater Noida | 011-23736555 |
Gurgaon | 0124-2309447 |
Guwahati | 0361-2341818 |
Gwalior | 0755-2579009 |
Hyderabad | 040-23418888 |
Indore | 0755-2579009 |
Jabalpur | 0755-2579009 |
Jaipur | 0141-2228866 |
Jalandhar | 0172-2620489 |
Jodhpur | 1800-209-5577 |
Kanpur | 0522-2230857 |
Karnal | 0124-2309447 |
Kolhapur | 022-25260501 |
Kolkata | 033-22839971 |
Kota | 1800-209-5577 |
Kozhikode | 0471-2558588 |
Lucknow | 0522-2230857 |
Ludhiana | 0172-2620489 |
Madurai | 044-28123888 |
Meerut | 0522-2230857 |
Mehsana | 079-26563232 |
Mohali Sas Nagar | 0172-2620489 |
Mumbai | 022-25260501 |
Mussoorie | 1800-209-5577 |
Nagpur | 022-25260501 |
Nashik | 1800-209-5577 |
Noida | 011-23736555 |
Noida Extn | 011-23736555 |
Panipat | 0124-2309447 |
Patna | 0612-2205810 |
Pondicherry | 1800-209-5577 |
Pune | 022-25260501 |
Raipur | 1800-209-5577 |
Rajkot | 079-26563232 |
Ranchi | 1800-209-5577 |
Rohtak | 0124-2309447 |
Roorkee | 1800-209-5577 |
Salem | 044-28123888 |
Shimla | 0177-2627711 |
Sonipat | 0124-2309447 |
Surat | 079-26563232 |
Trichy | 044-28123888 |
Udaipur | 1800-209-5577 |
Vadodara | 079-26563232 |
Varanasi | 0522-2230857 |
Vijaywada | 1800-209-5577 |
Vizag | 1800-209-5577 |
MyLoanCare Assurance
Quality Response
Nice Experience. No improvement needed. Happy to use this application.Read more... Read less...
Awesome service by MyLoanCare starting from the application to loan disbursement.Read more... Read less...
Excellent customer service. They have helped a lot to get the loan with the required details. Read more... Read less...
Good experience on MyLoanCare for loan follow-up, disbursement and on-time service and support.Read more... Read less...
Nice service and follow up by loan coordinator Pradeep. Read more... Read less...
Good service by MyLoanCare staff, like to go ahead in future with them.Read more... Read less...
I got the best offer from the bank. Thanks to MyLoancare for helping to take this loan. Read more... Read less...
-
Home Loan
Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000
Apply Now -
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.
Check Offers -
Gold Loan
Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500
Apply Now -
Loan Against Property
Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.
Apply Now -
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now -
Fixed Deposit
AAA rated FDs with returns as high as 7.05%.
Invest Now
- 2022-04-29 : Axis Bank Net Profit Jumps to Rs 4,118 crore in March Quarter
The bank has reported a 54 percent jump in its standalone net profit to Rs 4,117.77 crore from a net profit of Rs 2,677.06 crore in the year-ago period for the quarter ended March 2022. - 2022-03-28 : SEBI Imposes Rs 5 Lakh Penalty on Axis Bank
The market regulator, SEBI, has imposed a penalty of 5 lakh on Axis Bank for violating merchant banking regulations. SEBI examined the Debt Capital Market operations of the bank between August 2016 and August 2019. - 2022-02-15 : Axis Bank to Buy Citigroup India Retail Banking Business
Axis Bank is set to buy the retail banking business of Citigroup. The deal is valued at about $2.5 billion after beating out rivals with factors such as job security for Citigroup. - 2021-12-15 : Axis Bank Witness Credit Growth in 18-24 Months
Axis Bank has seen double-digit growth in GDP and Credit in FY 2024. At the same time, the GDP and credit are seen at 9.5% and 7% in FY 2022. Therefore, the bank aims to achieve GDP and Credit Growth at 8.2% and 8%, respectively. - 2021-10-27 : Axis Bank Reports A Growth Of 86 percent
Axis Bank has reported a growth of 86 percent in net profit at Rs 3,133 crore in the second quarter ended September 2021, predominantly on robust growth in fee income and sharp fall in provisions. Last year the bank posted a net profit of Rs 1,683 crore in Q2 of FY21.

Supportive staff and quick response by all people.Read more...