APR Calculator

Notes on how to use the Calculator (EMI Based Loan Products).

• The APR is the effective annualized rate charged to a borrower for a digital loan. It is an all-inclusive cost covering cost of funds, credit cost, operating cost, processing fees, verification charges, maintenance charges, and other applicable fees.
• The Annual Percentage Rate (APR) calculator enables customer to compute and compare annualized credit cost, which includes interest rate and charges applicable at the time of loan origination.
• The APR excludes contingent charges like penal charges, late payment fees etc.
• To calculate APR, please provide input for Loan Amount (in INR), Tenure (in months), ROI (without %), Processing Fee of your loan and other applicable charges.
• The APR calculator processes these inputs to display the APR in the output field.
• The output values mentioned in the APR calculator are based on the input provided in the respective field, as indicated in the calculator. You are requested to use the calculator without making any changes to achieve the desired output. Axis Bank shall not be responsible for any output produced due to changes in the calculator or incorrect input feed.