Axis Bank Personal Loan Rate Of Interest Calculator
And your loan tenure is 2 years your emi will be calculated as under.
Axis bank personal loan rate of interest calculator. From calculating your personal loan emi to checking your home loan affordability axis bank gives you a whole set of calculators to help you make your informed decision. Avail a personal loan starting from rs. Axis bank personal loan emi calculator axis bank offers personal loans with emis starting at just rs 2 224 per lakh.
50 000 up to rs. This tool works based on the following details. Emi or equated monthly installment is a combination of both interest and principal repayable every month.
The interest rate for axis bank personal loan is linked to the bank s 1 year mclr and varies between 12 24. Moreover the emi amount depends on the method of interest calculation which is discussed in the subsequent section. And the tenure of the loan is 15 years your emi will be calculated as under assuming a 1 processing fee.
Loan emi usually increases with an increase in rate of interest. Axis bank personal loan interest rate axis bank personal loans are based on the 1 year marginal cost of lending rate 1 year mclr which is an internal benchmark of axis bank. 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.
Use bankbazaar axis bank personal loan emi calculator and calculate your emi beforehand to manage your finances conveniently. As you embark on a journey to fulfil your dreams with a new bike car or a new home the calculator helps you with a better understanding of expenses. Axis bank offers personal loans of up to rs 15 lakh at attractive rates starting from 12 p a.
15 00 000 with minimal documentation and attractive interest rates. Axis bank personal loan calculator a personal loan emi calculator online is a tool that calculates the monthly installment interest outgo and total amount payable towards a loan. With the help of directaxis personal loan calculator they settled on a term of 6 years and a monthly loan repayment amount of r3 058 24 at an interest rate of 24 50 the initiation fee for the loan was r1 207 50 and the repayments included a monthly service fee of r69 00.
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