Axis Bank Personal Loan EMI Calculator

Axis Bank Personal Loan EMI Calculator is a handy financial tool which calculates your EMI amount which you need to pay in case you are planning to take a personal loan. Often the decision of taking personal loan makes one worried about the monthly repayment amount. But with the help of Axis Bank Personal Loan EMI Calculator you get to know the EMI amount beforehand which helps you prepare for the monthly budget. You can compare different combinations of loan amount, interest rate and loan tenure using Axis Bank Personal Loan EMI Calculator India. In this way, you get to decide the borrowed amount whose repayment does not burn your pocket and is within your repaying capacity.

Axis Bank Personal Loan EMI Calculator is an online tool which not only calculate your EMI amount but also helps your manage your finances properly considering the EMI amount which needs to be paid every month. Without going for Axis Bank Personal Loan EMI Calculator in excel sheet which is really a tedious job , you can go for Axis Bank Personal Loan EMI Calculator which calculates the EMI amount in just a click by providing informations like- borrowed loan amount, rate of interest and loan tenure.

How does Axis Bank Personal Loan EMI Calculator works?

Before taking a personal loan, it’s always better to calculate the EMI amount using Axis Bank Personal Loan EMI Calculator. Using Axis Bank Personal Loan EMI Calculator India, you will able to manage your finances as you can change the loan amount which gives a lower EMI amount. So, your decision of personal amount will be very specific which will be easy to repay and within your repaying capacity.
Manual calculations of EMI is prone to mistake and is extremely time consuming. Instead use of Axis Bank Personal Loan EMI Calculator speeds up your EMI calculations which is accurate and error free. Moreover you can use Axis Bank Personal Loan EMI Calculator at your preferred time and place while paying not a single penny. The EMI evaluation using Axis Bank Personal Loan EMI Calculator requires very few details namely- loan amount, interest rate and the loan tenure.

Axis Bank Personal Loan EMI Calculator formula to calculate personal loan EMI is-

EMI= [P*r*(1+r)n]/[((1+r)n-1)]
where,
‘EMI’ is for Equated Monthly Instalment
‘P’ is for Principal loan amount that is to be borrowed
‘r’ is for the interest rate levied on the loan amount
‘n’ is the tenure of loan in number of months

Axis Bank Personal Loan Interest Rate EMI Calculator is of 2 kinds- floating and fixed interest rate. If you opt for floating interest rate then the EMI amount will change during the loan tenure using Axis Bank Personal Loan EMI Calculator as the interest rate changes as per the market conditions. In case of fixed interest rate the EMI amount remains fixed throughout the tenure when calculating using Axis Bank Personal Loan EMI Calculator.

How you can use Axis Bank Personal Loan EMI Calculator?

Axis Bank Personal Loan EMI Calculator gives you the EMI amount which is to be paid on a monthly basis. Also, Axis Bank Personal Loan EMI Calculator helps you to know what is the principal amount and the interest rate that you will be paying in your EMI amount.

• Amount of Loan
  

  Axis Bank Personal Loan EMI Calculator calculates the EMI amount with the loan amount that you will borrow. You can avail personal loan beginning from Rs. 50,000 to Rs. 15 lakhs depending on your eligibility criteria and repaying capacity. Using Axis Bank Personal Loan EMI Calculator helps you to decide the loan amount which is in accordance with your loan requirement and also repaying ability.

• Rate of Interest charged
  

  Axis Bank Personal Loan Interest Rate EMI Calculator evaluates EMI depending on the interest rate that is charged on the borrowed amount. Axis Bank offers attractive interest rate on personal loan. You can opt for fixed or floating interest rate while calculating EMI using Axis Bank Personal Loan EMI Calculator.

• Tenure of loan
  

  The loan repayment tenure of personal loan ranges from 12 months to 60 months. So, while using Axis Bank Personal Loan EMI Calculator you can choose the loan tenure within the above mentioned range. A lower tenure ensures higher EMI and vice versa.
  
  For prepaying personal loan then the EMI payment will differ as per Axis Bank Personal Loan EMI Calculator with prepayment. For using Axis Bank Personal Loan EMI Calculator with prepayment, you can either choose to keep your EMI amount unchanged by shortening the loan tenure or you can keep the loan tenure same by lowring the EMI amount.

Axis Bank Personal Loan EMI Calculator- EMI Calculation

Here is the example of personal loan EMI using Axis Bank Personal Loan EMI Calculator with different combinations of loan amount and loan tenure at 11.25%*.

*Interest rates change time to time.

Benefits of using Axis Bank Personal Loan EMI Calculator

• Axis Bank Personal Loan EMI Calculator is an online tool which is accessible at any point of time at free of cost.
• You get an accurate and error free EMI calculations using Axis Bank Personal Loan EMI Calculator.
• Instead of going for a complicated calculations of EMI, you can just use Axis Bank Personal Loan EMI Calculator which gives result within seconds.
• Axis Bank Personal Loan EMI Calculator saves your time of calculating EMI manually.
• You can plan your monthly budget using Axis Bank Personal Loan EMI Calculator keeping the EMI amount aside.