# Axis Bank Personal Loan EMI Calculator

₹ 50,000 ₹ 10,00,00,000
1.00 % 50.00 %
12 Months 50 years
RESULTS
Loan Amount ₹ 2,50,000
Interest Rate 10.99%%
Tenure(Months) 224
Monthly Instalment (EMI) ₹ 2,631
Total Interest Amount ₹ 3,39,334
Total Amount (Principal + Interest) ₹ 5,89,334

Curious to know the exact calculations of your monthly installments? If yes, use Axis Bank Personal Loan EMI Calculator online that will give you the accurate values of not only your EMIs but Interest Outgo as well. Get more insights on the page below.

With the help of an Axis Bank Personal Loan EMI Calculator, knowing your EMIs, Interest Outgo and Total Amount Payable is easy and quick. This magical device with its highly advanced algorithm allows you to know the exact calculation of your monthly installments in a hassle-free manner. All you need to do is just feed:

• Loan Amount
• Tenure
• Interest Rate

The moment you feed these credentials into the device, it will instantly churn out the results for you within few seconds. And, with the help of a graphical representation, it helps you to understand things in a better way.

### Axis Bank Personal Loan EMI Calculator

Let’s just throw some light on this by taking a look at an example below:

Suppose, Yashika Malhotra, a 30-year-old, Content Writer by profession wants to avail a personal loan of ₹2 Lakh so as to pay her credit card debt. The bank has agreed to offer her the loan at an interest rate of 15.75% per annum for a tenure from 1 to 5 years. So, Yashika wants to know what would be her EMIs, Interest Outgo and Total Amount Payable towards a loan. So, she used a personal loan EMI Calculator online to know how much amount she needs to pay each month so as to repay her loan. Just take a look at the table below to find out the same.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

LOAN AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL AMOUNT
₹ 2,00,000 15.75% 1 ₹ 18,123 ₹ 17,470 ₹ 2,17,470
₹ 2,00,000 15.75% 2 ₹ 9769 ₹ 34,450 ₹ 2,34,450
₹ 2,00,000 15.75% 3 ₹ 7007 ₹ 52,243 ₹ 2,52,243
₹ 2,00,000 15.75% 4 ₹ 5642 ₹ 70,839 ₹ 2,70,839
₹ 2,00,000 15.75% 5 ₹ 4837 ₹ 90,225 ₹ 2,90,225

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YEAR PRINCIPAL INTEREST BALANCE AMOUNT
1 ₹ 28,547 ₹ 29,497 ₹ 1,71,452
2 ₹ 33,383 ₹ 24,662 ₹ 1,38,069
3 ₹ 39,037 ₹ 19,007 ₹ 99,031
4 ₹ 45,649 ₹ 12,395 ₹ 53,382
5 ₹ 53,444 ₹ 4663 ₹ 0

### Axis Bank Personal Loan EMI Calculation Formula

In order to calculate an EMI, the calculator uses the below formula:

EMI=[P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI=Equated Monthly Installment
P=Principal Loan Amount
R=Monthly Interest Rate
N=Number of Monthly Installments

### Axis Bank Personal Loan EMI Calculator Details

Axis Bank Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 12% per annum

Loan Amount 2 Years 3 Years 4 Years 5 Years
INR 1,00,000 INR 4,707 INR 3,321 INR 2,633 INR 2,224
INR 3,00,000 INR 14,122 INR 9,964 INR 7,900 INR 6,673
INR 5,00,000 INR 23,537 INR 16,607 INR 13,167 INR 11,122
INR 7,00,000 INR 32,951 INR 23,250 INR 18,434 INR 15,571
INR 10,00,000 INR 47,073 INR 33,214 INR 26,334 INR 22,244
INR 15,00,000 INR 70,610 INR 49,821 INR 39,501 INR 33,367

Axis Bank Personal Loan EMI for Different Loan Amounts and Different Tenures at an interest rate of 24% per annum

Amount 2 Years 3 Years 4 Years 5 Years
INR 1,00,000 INR 5,287 INR 3,923 INR 3,260 INR 2,877
INR 3,00,000 INR 15,861 INR 11,770 INR 9,781 INR 8,630
INR 5,00,000 INR 26,436 INR 19,616 INR 16,301 INR 14,384
INR 7,00,000 INR 37,010 INR 27,463 INR 22,821 INR 20,138
INR 10,00,000 INR 52,871 INR 39,233 INR 32,602 INR 28,768
INR 15,00,000 INR 79,307 INR 58,849 INR 48,903 INR 43,152

### What is the EMI of a 7 lakh personal loan in Axis?

You can see the monthly EMI on a loan of INR 4 Lacs, INR 5 Lacs, INR 6 Lacs, and INR 7 lacs in the table below:-

Loan Amount ROI 10.25% (36 Months EMI) ROI 10.25% (60 Months EMI) ROI 21% (36 Months EMI) ROI 21% (60 Months EMI)
INR 4 Lakhs INR 12,954 p.m. INR 8,548 p.m. INR 15,070 p.m. INR 10,821 p.m.
INR 5 Lakhs INR 16,192 p.m. INR 10,685 p.m INR 18,838 p.m. INR 13,527 p.m.
INR 6 Lakhs INR 19,431 p.m INR 12,822 p.m INR 22,605 p.m. INR 16,232 p.m.
INR 7 Lakhs INR 22,669 p.m. INR 14,959 p.m. INR 26,373 p.m. INR 18,937 p.m.

### What is the monthly EMI for a 10 lakhs Axis Bank personal loan?

You can see the monthly EMI on a loan of INR 8 Lacs, INR 9 Lacs, and INR 10 lacs in the table below:-

Loan Amount ROI 10.25% (36 Months EMI) ROI 10.25% (60 Months EMI) ROI 21% (36 Months EMI) ROI 21% (60 Months EMI)
INR 8 Lakhs INR 25,908 p.m. INR 17,096 p.m. INR 30,140 p.m. INR 21,643 p.m.
INR 9 Lakhs INR 29,146 p.m. INR 19,233 p.m INR 33,908 p.m. INR 24,348 p.m
INR 10 Lakhs INR 32,385 p.m. INR 21,370 p.m. INR 37,675 p.m. INR 27,053 p.m

### What is the lowest EMI offered by Axis on Personal loans?

You can see the lowest EMIs on different loan amounts in the table below for a tenure of 5 years:-

Interest Rate of 10.25% Interest Rate of 21%
1 Lakh Loan Amount - INR 2,137 p.m. 1 Lakh Loan Amount - INR 2,705 p.m.
3 Lakhs Loan Amount - INR 6,411 p.m. 3 Lakhs Loan Amount - INR 8,116 p.m.
5 Lakhs Loan Amount - INR 10,685 p.m. 5 Lakhs Loan Amount - INR 13,527 p.m.
7 Lakhs Loan Amount - INR 14,959 p.m. 7 Lakhs Loan Amount - INR 18,937 p.m.
9 Lakhs Loan Amount - INR 19,233 p.m. 9 Lakhs Loan Amount - INR 24,348 p.m.

### Axis Bank Personal Loan Interest Rate

Before availing a loan, it is important that you should know personal loan interest rates. Currently, the bank is offering the credit at an interest rate of 10.49% - 21.00% per annum. With the help of knowing the same, it would be easier for you to compare the rates in order to grab the best deal. Make sure that the rates being offered by the lender should be attractive so that you can easily repay your loan with pocket-friendly EMIs, which in turn would reduce your overall loan burden.

### Axis Bank Personal Loan Apply

When it comes to applying for an Axis Bank Personal Loan, there are two ways to do the same. You can either apply online by following a quick and easy process, wherein you just need to visit the bank website and enter your mobile and PAN number. And if you prefer offline, visit their nearest bank branch and submit the required documents.

### Axis Bank Personal Loan Login

You can anytime check the real-time status of your Axis Bank personal loan by simply log in through Net Banking. With the help of this online facility, it is absolutely easy and a hassle-free process to check the credentials of your loan. In fact, you can also apply for a new personal loan from your Axis Bank account online. The best thing about this facility is that you can anytime login to your account and know the insights on the go.

### Axis Bank Personal Loan Eligibility

Before you apply for Axis Bank personal loan, it is important that you should be aware of the eligibility criteria set by the bank. Each lender has its own eligibility norms which revolve around age, income, credit score, job stability, work experience and so on. So, if an applicant wants to avail an unsecured credit facility, he/she should meet up the same conditions so as to enjoy a smooth journey.

### 1. How is Axis Bank Personal loan EMI calculated?

The EMI on the Axis Bank Personal Loan is calculated on the basis of Loan Amount, Interest Rate, and Tenure. If you increase the tenure of your personal loan then your EMI will get reduced.

### 2. How can I pay Axis bank Loan EMI?

A majority of people pay the Axis Bank Loan EMI through Auto-Debit Facility. You can also pay the EMI through cheques or visit the nearest branch and deposit the cash. NEFT, Axis Bank Net Banking, and Axis Bank Mobile application can also be used to pay the EMI of your loan.

### 3. What is the formula to calculate Personal loan EMI?

You can use the following formula to calculate the Axis Bank Personal Loan EMI manually:-

• EMI=P x R x (1+R)^n/((1+R)^n-1)
• P represents the Principal Amount.
• R represents the Rate of Interest Per month.
• Small “n” represents the tenure given by the bank.

### 4. What factor affects Axis Personal Loan EMI?

The following factors affect the Axis Bank Personal Loan EMI:-

• Interest Rate
• Loan Tenure
• Loan Amount

### 5. What is the best way to calculate EMI for an Axis Bank Loan?

The best way to calculate the EMI for an Axis Bank Loan is through the Axis Bank Personal Loan EMI calculator. Once you enter the loan amount, tenure, and interest rate, this tool will display the exact EMI according to the given details.