Home Loan EMI Calculator

Axis Bank offers Home Loan for a minimum of ₹3 lakhs, offering a flexible starting point for people to address their home financing needs.

You can use our House Loan EMI Calculator to estimate EMIs for any loan amount ranging from ₹3 lakh up to ₹5 crores across various loan tenures and interest rates.

Your Home Loan EMI is due on a fixed date each month, as specified in your loan agreement. Axis Bank offers its customers the flexibility of the auto-debit option, which allows the EMI to be seamlessly deducted from your bank account without any hassle. All you have to do is maintain enough funds in your linked account for the deduction to take place.

The EMI for your Home Loan starts once the entire loan amount has been disbursed. In case of partial disbursement, you will have to pay pre-EMI until the entire loan amount is disbursed.

Pre-EMI interest refers to the interest payable on the loan amount disbursed, applicable until the full loan is disbursed and regular EMIs begin. Unlike standard EMIs that reduce principal, pre-EMI payments cover only the interest on the disbursed amount.

To change your Home Loan EMI date, you will have to submit an official request to Axis Bank via their app or website or by visiting them physically. You can change your EMI date only once every year to maintain discipline. It takes an average of 7-10 working days to process your request.

A Home Loan amortisation schedule provides a detailed overview of your loan repayment process. It shows the yearly EMI breakdown, showing how much is allocated toward repaying the principal and how much goes toward covering the interest.

With our Home Loan EMI Calculator, you can view the detailed amortisation schedule for your Home Loan requirements.

Your Home Loan EMI can be affected by multiple factors, including:

• Principal loan amount
• Interest rate(fixed/floating)
• Loan tenure
• Your credit score
• Income stability
• Pre-existing financial obligations
• Property type
• Location
• Age

You can use our Home Loan EMI Calculator to determine the estimated EMI amount based on the loan amount, loan tenure and the annual interest rate.

• Increase your loan tenure to reduce your monthly EMI amount. However, this increases your total interest amount payable. Therefore, review the loan amortisation schedule before making a decision.
• Make a higher down payment amount. This can directly lower your EMI amount.
• Make partial prepayments whenever possible during the loan tenure. This can bring down the principal amount and, thereby, the EMI amount.
• Use our Home Loan Calculator to compare the various EMI options before making a decision.

For a ₹5 lakh Home Loan with a 10-year tenure at Axis Bank's current floating interest rate of 8.75%, your EMI would be approximately ₹ 6,266. Use our Home Loan calculator for personalised calculations based on your specific interest rate.

The EMI for a ₹20 lakh home loan depends on two key factors: the annual interest rate and the loan tenure. For instance, with Axis Bank’s current annual interest rate option of 9.75% and a loan tenure of 15 years, the EMI amount will be approximately ₹21,187. You can use our Home Loan Calculator to get an estimate based on your specific loan details.

The EMI for a ₹25 lakh home loan for 10 years depends on the annual interest rate applicable to your home loan. If the annual interest rate is 10%, then the EMI amount is ₹32,693 Use our Home Loan Calculator to determine the EMI amount specific to your home loan’s annual interest rate.

To calculate the EMI for a ₹40 lakh home loan, you need to know the applicable interest rate and the loan tenure. If the annual interest rate is 9.75% and the tenure is 10 years, the approximate EMI will be ₹52,308. You can use our Home Loan EMI Calculator to quickly determine the EMI based on your loan amount, interest rate and tenure.