Personal Loan EMI Calculator

Loan Amount

Loan Amount in between 50K to 40L

Tenure (months)

Tenure Months in between 12 to 84

Interest Rate

Interest Rate in between 12 to 22

Equated Monthly Installment (EMI) will be1,42,922

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Frequently Asked Questions for Personal Loan

What can a personal loan be used for?

A personal loan is an unsecured loan with no restriction on the end-use. The purpose of the loan can be either consumption or productive use. For instance, you could borrow a loan for buying a high-end home theatre system, for a medical emergency if your health insurance falls short, for a foreign holiday with your family, etc. If you are an entrepreneur a personal loan can come in handy for expanding your business, such as adding more inventory or making the down payment for new office premises, etc.

Is a personal loan available for a holiday or travel purposes?

Yes! Personal Loans can be availed for a number of purposes, including your dream of travelling the world and visiting exotic locations.

Which is the nearest Axis Bank Loan Centre to my location and what are its timings?

For a complete list of Axis Bank Loan Centre addresses and hours of service, please click here

Is a private function, such as a wedding reception, eligible for a personal loan?

A wedding is a once-in-a-lifetime event and everyone wants it to be memorable. If you are falling short of funds to celebrate your wedding, you can apply for personal loan for wedding to make up for the deficit.

Should one show hospital bills when taking a personal loan for a medical emergency?

Surgery or prolonged hospitalisation could set you back by a few lakhs, given the rising medical costs. If you need additional funds despite having a health cover, you can easily borrow a personal loan. There is no need to produce any medical reports or hospital bills for the same.

Can personal loans be used for a commercial purpose such as buying raw material for a business?

If you have exhausted your term loan limits allowed by your bank but still need funds for your business, you can apply for personal loan. The loan will be sanctioned based on your individual credit history but can be used for your business.

Are there any charges after I get an Axis Bank Personal Loan?

There may be certain charges after you get your personal loan. To check the schedule of charges associated with transactions, please click here.

How do I keep track of my Axis Bank Personal Loan? For example, how do I get my statements, and repayment schedule?

You may place a request for Statement of Account or Repayment Schedule or Interest Certificate in either of the following ways:

By calling our Call Centre. To find the numbers, click here.

Write to us at Online: www.axisbank.com/support

In person at any Axis Bank Loan Centre. To find the one closest to you, please click here

What are my different options for making my EMI payments? Is there a preferred one?

You may repay your Personal Loan in any of the following three ways:

Standing Instruction (SI): This mode can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify

Electronic Clearing Service (ECS): This mode can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account

Post-Dated Cheques (PDCs): You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post-Dated Cheques will be collected at non-ECS locations only

We recommend that you opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs

Can I make part-prepayment towards my Axis Bank Personal Loan? Will any charge be applicable?

Yes, you can make a part-prepayment towards your Personal Loan at your nearest Axis Bank Loan Centre.
Please click here for pre-payment/ foreclosure charges

How do I update my mobile number and the email address registered under my Personal Loan account?

You may update your mobile number and email address in either of the following ways:

By calling our Call Centre. To find the numbers, click here.

Write to us at Online: www.axisbank.com/support

How do I foreclose my Personal Loan? Will there be any charge for the foreclosure?

Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Centre.

Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Centre, and we will begin processing your request.

Please click here for pre-payment/ foreclosure charges

In case of any pre-payment / excess amount paid by me to the Bank; how the same will be appropriated in the loan account in the absence of any specific instructions from me?

Any pre-payment/excess amount paid by you to the Bank; shall be appropriated in the loan account basis the below criteria/methodology in the absence of any specific instructions from you:

Excess amount greater than (>) EMI: If service request (SR) for part payment is not created/received within 2 days of receipt of funds, the excess funds will be adjusted towards principal outstanding as part payment.

Excess amount equal to (=) EMI: If service request (SR) / instructions for part payment is not created/received on same day of receipt of funds, excess amount will be refunded to your operative account.

Excess amount less than (<) EMI: Excess amount will be kept unappropriated in the Loan account for 15 days. Post 15 days, the excess funds shall be adjusted towards principal outstanding as a part payment.

Excess amount equal to (=) or greater than (>) foreclosure / pre-closure amount : In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account and:

Excess amount is equivalent (=) to the foreclosure amount, Loan account will be proactively closed by the Bank.

Excess amount is greater than (>) the foreclosure amount, adjustment in Loan account would be as follows:

If excess amount is up to INR 20,000, Loan account would be closed by the Bank and after closure, excess funds would be credited to the Loan repayment account.

If excess amount is greater than INR 20,000, the Bank will connect with you telephonically for verification of payment. Alternatively, you may connect with the Bank on 18604195555 to confirm the credit adjustment in your Loan account.

Excess amount less than (<) the foreclosure amount: In case no instructions are placed by you at the Loan Centre / Phone Banking within 3 working days from the date of credit in Loan account, then excess amount will be adjusted against the outstanding principal, leaving an amount equivalent to one EMI for forthcoming EMI presentation. However, in case you would like the entire amount to be adjusted against the outstanding principal, please place a request at Phone Banking / Loan Centre at the earliest.

A personal loan for
your personal goals

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Personal Loan EMI Calculator

Frequently Asked Questions for Personal Loan

What can a personal loan be used for?

Is a personal loan available for a holiday or travel purposes?

Which is the nearest Axis Bank Loan Centre to my location and what are its timings?

Is a private function, such as a wedding reception, eligible for a personal loan?

Should one show hospital bills when taking a personal loan for a medical emergency?

Can personal loans be used for a commercial purpose such as buying raw material for a business?

Are there any charges after I get an Axis Bank Personal Loan?

How do I keep track of my Axis Bank Personal Loan? For example, how do I get my statements, and repayment schedule?

What are my different options for making my EMI payments? Is there a preferred one?

Can I make part-prepayment towards my Axis Bank Personal Loan? Will any charge be applicable?

How do I update my mobile number and the email address registered under my Personal Loan account?

How do I foreclose my Personal Loan? Will there be any charge for the foreclosure?

In case of any pre-payment / excess amount paid by me to the Bank; how the same will be appropriated in the loan account in the absence of any specific instructions from me?

A personal loan for
your personal goals

Important Links

Calculators

Related Links

Useful Links

Quick Read

Download

Open Access Blog

Can getting a Personal Loan improve your credit score?

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Frequently Asked Questions for Personal Loan

A personal loan for your personal goals

Important Links

Calculators

Related Links

Useful Links

Quick Read

Download

Open Access Blog

Can getting a Personal Loan improve your credit score?

Related Products for you

GoldLoan

EducationLoan

Loan AgainstSecurities

Loan AgainstProperty

A personal loan for
your personal goals