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Personal Loan EMI Calculator

Axis Bank’s Personal Loan EMI calculator is a valuable online automatic tool to ascertain how much will be your EMI (Equated Monthly Installment) outgo. It is extremely easy to use. All you got to do is enter the loan amount, interest rate, and select the tenure of your loan. The online calculator will provide you with the answer in a split second! Axis Bank’s Personal Loan EMI calculator makes loan planning easier for you.

Here are the five benefits of using the EMI calculator:

  • Easy to access
  • Saves time
  • Provides quick results
  • Helps you ascertain your EMI
  • Aids you in planning
50K 40L
10.49% 22%
12 84

Break-up of Total Payment

Principal Amt
Interest Amt
Total Amt Payable

Amortization Schedule


Axis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Axis Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against Axis Bank. Neither Axis Bank nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

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Frequently Asked Questions

  • What is Personal Loan Amortization Schedule?

    Though the EMIs one pays remain largely uniform throughout the tenure of their loan, the amounts repaid are credited towards the principal and interest to be repaid. Typically the initial instalments contribute more towards the interest amount with later instalments paying towards the principal.

    An amortization schedule provides the break-up of these amounts repaid towards principal and interest along with their respective balances through every year of the loan.

    Simply put an Amortization schedule is the road map towards the repayment of your loan denoting the milestones and the ideal points you should be at through the cycle.

  • How Do I Use Axis Bank's Personal Loan EMI Calculator?

    Simply key in the amount, rate and tenure for which the personal loan is sought, the Personal Loan EMI Calculator will automatically reflect the EMI’s applicable for the loan tenure.

    Also, remember to refer the amortization table for a year-wise plan of repayments throughout the loan tenure.

    For further details or to begin availing your loan, simply click on the “Get a call back” button and fill in your details.

    Use Axis Bank’s Personal Loan EMI calculator to plan the tenure and repayment structure for your loan.

  • What is an EMI?

    The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the personal loan. The EMI, usually, remains fixed for the entire tenure of your loan, and it is to be repaid over the tenure of the loan on a monthly basis.

    Mathematically, EMI is calculated as under:

    P x R x (1+R)^N / [(1+R)^N-1]

    P = Principal amount of the loan

    R = Rate of interest

    N = Number of monthly instalments.

    So, say you are applying for a personal loan from Axis Bank, amounting to Rs 2,00,000 at a rate of interest of 15.5% p.a. and your loan tenure is 2 years, your EMI will be calculated as under:

    EMI = 200000* 0.0129 * (1+ 0.0129)^24 = Rs 9,745 / [(1+ 0.0129)^24 ]-1

    The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 15.5% per annum, then R= 15.5/12/100 = 0.0129.

    Finding it complicated? Don’t worry! Use Axis Bank’s Personal Loan EMI calculator.

    Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI. Higher the interest rate on the loan, higher will be your EMI and vice-versa. Similarly, a shorter loan tenure increases your EMI and vice versa.

    Axis Bank offers Personal Loan at a competitive rate of interest. If you are young and earning a decent, steady source of income with sufficient work experience, a good number of years before retirement, have low or no EMIs, and your credit score is respectable (750 and above), you could be eligible for a personal loan at an attractive rate of interest.

    Do note that during the initial months of the loan tenure, you pay more towards interest, and gradually, as you repay the loan, a higher portion is adjusted towards the principal component. This is because; EMIs are computed on a reducing balance method, which works in your favour as a borrower.

  • How is the Personal Loan EMI to be paid?

    Your EMIs are due on a fixed date every month, which is notified when the loan is disbursed.

    Today to repay your loan, NACH (National Automated Clearing House) mandate makes repayment almost automatic. Your EMIs directly get debited from your bank account.

    In case if you skip your EMI…

    Say due to insufficient balance or any other reason, assuming EMIs remaining the same, the tenure of the loan would increase.

    Remember, skipping EMIs does not reflect well on your creditworthiness and could impact your credit score. Hence, borrow wisely, within your means, in the interest of your financial wellbeing.

    And in case if you partially prepay the Personal Loan…

    Axis Bank offers Personal Loan from Rs 50,000 up to Rs 40,00,000 with minimal documentation and speedy approval. At Axis Bank, a personal loan is granted within 48 hours, sometimes even on the same day.

  • Why Choose Axis Bank Personal Loan?

    Axis Bank Personal Loans help you with the financial back-up to fulfill your plans, some of the key benefits it offers are:

    • Minimal documentation and speedy approval of loans. Axis Bank personal loans can be granted within 48 hours or at times even the same day of application
    • Flexibility of amount and time: You can get a personal loan for amounts ranging from Rs. 50,000 to Rs 40 lakh for any period between 12 and 60 months.
    • Transferability: Axis Bank Personal Loans start at attractive interest rates, you can have your existing high-interest personal loan moved to Axis Bank and enjoy a lower interest rate.