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Axis Bank Personal loan EMI calculator makes it much easier and convenient for applicants to evaluate their monthly payable EMIs. Once you have decided to acquire a personal loan for emergency or short-term credit needs, then you no longer have to worry about uncertain and un-predicted incidents. Using this tool offered by Axis Bank, one is eligible to calculate EMI on every loan and credit facility available, such as a Home loan, Two-wheeler loan EMI and many other loans.
Axis Bank EMI calculator makes it easier for one to plan borrowings and repayments. Also, never forget to check monthly inflows and outflows before acquiring any credit facility. Evaluate your repayment capability with the usage of the Axis Bank EMI calculator, and check monthly EMI before closing the deal.
To evaluate your EMI on Axis Bank Personal loan, check Axis Bank’s official website. Search for an option for Axis Bank personal loan over there and find an EMI calculator. In order to calculate the EMI, nearly 3 important details needed to get filled in the columns, namely –
Enter all the above details precisely and get to know your monthly EMI in just one click. The amount will be available and mentioned at the bottom of the page.
Axis Bank ensures this financial tool to its customers and other individuals. The tool is easy to use and gets processed at convenience.
Following below is the example of how Axis Bank Personal loan EMI is calculated
Loan Amount (Rs) Rs 40,00,000
Interest Rate (% p.a.) 16%
Tenure (months) 60
Equated Monthly Installments Rs 97,272
Personal loan EMI calculators have various exclusive benefits and renowned features discussed below.
Working professionals and salaried employees can take Axis Bank personal loans. The credit facility is assessed after evaluating one’s profile and repayment capacity.
One has to enter loan details such as the Loan amount, Interest rate and Repayment tenure.
5 years or 60 Months are the maximum repayment tenure availed in Axis Bank personal loan.
Yes, one can apply for an Axis Bank personal loan online.
The interest rate in Axis Bank personal loans starts from 10.49 % to 22%
Axis Bank EMI is calculated manually using the formula.
E = [ P x R x ( 1 + R ) ^ N ] / [ ( 1 + R ) ^ ( N – 1 ) ]
E is EMI
P is the Principal amount
R is the Interest rate
N is the tenure/duration in months
Use Axis Bank Personal loan EMI calculator to get the accurate payable EMI amount.
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