Can I use BankBazaar Axis Bank Personal Loan EMI Calculator to calculate processing fee?

Yes, while entering your personal loan details, you can also put the processing fee charged by the bank. Other tan EMI calculation, the calculator will also give you the processing fee that will be charged upfront on your loan.

How is axis personal loan EMI calculated in?

The mathematical formula for EMI calculation is P x R x (1+R)^N / [(1+R)^N-1], where P = Principal amount of the loan, R = Rate of interest, and N = Number of monthly instalments.

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Axis Bank Personal Loan EMI Calculator

Axis Bank offers personal loans of up to Rs.40 lakh at attractive rates starting from 11.25% p.a. Use BankBazaar Axis Bank Personal Loan EMI Calculator and calculate your EMI beforehand to manage your finances conveniently.

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How Does the Axis Bank Moratorium Affect Your Personal Loan EMI?

Axis Bank has extended the moratorium period for all its customers who had availed a personal loan to 31 August 2020. Customers who had availed a personal loan prior to 1 March 2020 can also avail the moratorium and defer the payment of their EMIs by 31 August 2020.

Rs. 3 lakh @12% p.a.	2 years	3 years	5 years
Equated Monthly Instalment (EMI) (Rs.)	Rs.14,122	Rs.9,964	Rs.6,673
Total Interest Payable (Rs.)	Rs.38,929	Rs.58,715	Rs.1,00,400
Processing Fee (Rs.)	-	-	-

Rs. 3 lakh @21% p.a.	2 years	3 years	5 years
Equated Monthly Instalment (EMI) (Rs.)	Rs.15,416	Rs.11,303	Rs.8,116
Total Interest Payable (Rs.)	Rs.69,977	Rs.1,06,891	Rs.1,86,960
Processing Fee (Rs.)	-	-	-
Total amount payable	3,69,977	4,06,891	4,86,960

How to Use BankBazaar Axis Bank Personal Loan EMI Calculator

The BankBazaar Axis Bank Personal Loan EMI Calculator is a simple and convenient online tool to quickly calculate your monthly installment amount. To use it, just enter your loan details, such as the loan amount, tenure, interest rate, and processing fee. Then, click "Calculate" to instantly view your EMI within minutes. This is followed by an amortisation table that'll give you a complete break-up of your repayment schedule.

Features and Benefits of Axis Bank Personal Loan EMI Calculator

Easy-to-use and hassle-free.
Saves time and energy.
Computes your monthly EMI within a matter of seconds.
Get entire repayment schedule via amortisation table.
Non-chargeable tool that also helps you compare loan products offered by different banks.

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Axis Bank Personal Loan EMI Calculator

Can I use BankBazaar Axis Bank Personal Loan EMI Calculator to calculate processing fee?
Yes, while entering your personal loan details, you can also put the processing fee charged by the bank. Other tan EMI calculation, the calculator will also give you the processing fee that will be charged upfront on your loan.
How is axis personal loan EMI calculated in?
The mathematical formula for EMI calculation is P x R x (1+R)^N / [(1+R)^N-1], where P = Principal amount of the loan, R = Rate of interest, and N = Number of monthly instalments.

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