Axis Bank Personal Loan Calculator and Interest Rate


Taking a loan is not a big task but its repayment is. When you take a personal loan from Axis Bank, you can choose from the maximum tenure of 5 years. The maximum loan amount and approval depends on your income and other factors such as CIBIL score, age and whether or not you have any salary account Axis Bank.

In this article, we have mentioned the interest rate on Axis Bank personal loan and how can you use Axis Bank personal loan calculator.

Axis Bank Personal Loan Interest Rate

The interest rate at present ranges from 15.50%-24% per annum. The rate is offered on the basis of your income and other factors.

Axis Bank loan calculator

EMI or equated monthly installment calculated with the help of the tool called loan calculator. This calculator is used to pay off both the interest and principal each month for a particular period of time that is the loan tenure. This tool works on the basis of the following details:

       Loan Amount
       Tenure
       Rate of Interest

Let us suppose that you have applied for a personal loan at Axis Bank and want to check your future so as to be prepared for the payment and manage your finances accordingly. Your loan amount is ₹15 lakhs, the tenure of 5 years and has been offered the interest rate of 15.50% p.a. by Axis Bank that is:

       Loan Amount- ₹15,00,000
       Tenure-5 years
       Interest Rate- 15.50% p.a.

The payments from your end will be as follows:

EMI: ₹36,080
Total Interest Outgo- ₹6,64,787
Total Amount (Interest + Principal) - ₹21,64,787

What is the eligibility criteria required for Axis Bank personal loan?

If you want to apply for a personal loan at Axis Bank, you must make sure that you match the eligibility criteria as mentioned below:

Salaried
       Maximum age of the applicant must be 58 years
       Minimum Net Monthly Income should be ₹15,000
       Maximum loan amount is ₹15 lakhs
       Minimum service period with current employer should be 1-year
       CIBIL score of 750 and above

Self-employed
       Minimum age of the applicant should be 24 years
       Maximum age of the applicant must be 65 years
       Minimum Net Annual Income should be ₹2 lakhs
       Maximum loan amount is ₹15 lakhs
       Minimum work experience in current Business or Profession should be 3 years
       Good CIBIL score of 750 and above

How can you apply online?

Below are the ways with which you can get Axis Bank personal loan:

       Check Your Eligibility: The amount and rates are offered after closely observing the overall profile of the applicant. So, before applying for this credit, it would be advisable to calculate your eligibility for the maximum loan amount with the help of the personal loan eligibility calculator.
       Apply Online: You can apply online as well and get the instant approval without any hassle.
       Apply Offline: Those who are not comfortable in applying online can follow the offline procedure as well to avail this credit facility being offered by this lender.


Axis Bank Personal Loan Calculator and Interest Rate Axis Bank Personal Loan Calculator and Interest Rate Reviewed by Sahil Arora on June 06, 2018 Rating: 5

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