Axis Bank Personal Loan EMI Calculator (2026) – Free Online Tool
📈 Axis Bank Rate: 11.25% – 22% p.a. (2026)
Axis Bank Personal Loan EMI Calculator
Loan Amount ₹5,00,000
Interest Rate (% p.a.) 12%
Loan Tenure (Years) 5 Years
Your Monthly EMI
₹11,122
Principal Amount
₹5,00,000
Total Interest Payable
₹1,67,320
Total Amount Payable
₹6,67,320
You pay ₹33 interest per ₹100 borrowed. Consider shorter tenure to reduce total interest.
Principal vs Interest Breakdown
Principal
Interest
EMI Breakdown Table – Year-wise Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
How to Use Axis Bank EMI Calculator
The Axis Bank Personal Loan EMI Calculator helps you calculate your exact monthly EMI before applying for a loan. Enter 3 simple values and get instant results:
- Enter your Loan Amount (₹50,000 to ₹40,00,000)
- Set the Interest Rate — Axis Bank offers 11.25% to 22% p.a.
- Choose Loan Tenure — 1 year to 5 years
- Click Calculate EMI — see instant results with breakdown chart
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal Loan Amount
R = Monthly Interest Rate = Annual Rate ÷ 12 ÷ 100
N = Loan Tenure in Months
Example: ₹5,00,000 at 12% for 5 years → R = 12/12/100 = 0.01, N = 60
EMI = [5,00,000 × 0.01 × (1.01)^60] / [(1.01)^60 – 1] = ₹11,122/month
P = Principal Loan Amount
R = Monthly Interest Rate = Annual Rate ÷ 12 ÷ 100
N = Loan Tenure in Months
Example: ₹5,00,000 at 12% for 5 years → R = 12/12/100 = 0.01, N = 60
EMI = [5,00,000 × 0.01 × (1.01)^60] / [(1.01)^60 – 1] = ₹11,122/month
Axis Bank Personal Loan Interest Rates 2026
Axis Bank offers competitive personal loan interest rates based on your credit score, income, and employment type. Here are the current rates:
| Credit Score | Interest Rate (p.a.) | Max Loan Amount | Max Tenure |
|---|---|---|---|
| 750 & above (Excellent) | 11.25% – 13% | ₹40 Lakhs | 5 Years |
| 700 – 749 (Good) | 13% – 17% | ₹25 Lakhs | 5 Years |
| 650 – 699 (Fair) | 17% – 20% | ₹15 Lakhs | 3 Years |
| Below 650 (Poor) | 20% – 22% | ₹5 Lakhs | 2 Years |
*Rates are indicative and subject to change. Contact Axis Bank for exact rates applicable to your profile.
Axis Bank Personal Loan EMI Examples (2026)
Here are ready EMI calculations for common loan amounts at Axis Bank:
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹1,00,000 | 12% | 1 year | ₹8,885 | ₹6,620 |
| ₹1,00,000 | 12% | 2 years | ₹4,707 | ₹12,968 |
| ₹2,00,000 | 12% | 3 years | ₹6,643 | ₹39,148 |
| ₹5,00,000 | 12% | 5 years | ₹11,122 | ₹1,67,320 |
| ₹10,00,000 | 14% | 5 years | ₹23,268 | ₹3,96,080 |
| ₹15,00,000 | 15% | 5 years | ₹35,685 | ₹6,41,100 |
| ₹20,00,000 | 15% | 5 years | ₹47,580 | ₹8,54,800 |
Axis Bank Personal Loan Eligibility Criteria
For Salaried Employees
- Age: 21 to 60 years
- Minimum salary: ₹15,000/month
- Employment: Minimum 1 year
- Credit score: 700+ preferred
- Documents: Salary slips, bank statements
For Self-Employed
- Age: 21 to 65 years
- Business vintage: Min 2 years
- ITR: Last 2 years required
- Credit score: 720+ preferred
- Documents: ITR, P&L statement
Frequently Asked Questions – Axis Bank Personal Loan EMI
What is Axis Bank personal loan interest rate in 2026?
Axis Bank personal loan interest rate ranges from 11.25% to 22% per annum in 2026. Customers with excellent credit scores (750+) qualify for the lowest rates starting at 11.25%.
What is Axis Bank home loan interest rate 2026?
Axis Bank home loan interest rate starts from 8.75% per annum in 2026. Use our Axis Bank Home Loan EMI Calculator for exact monthly EMI calculation.
What is the maximum loan amount for Axis Bank personal loan?
Axis Bank offers personal loans up to ₹40 lakhs for eligible salaried customers. The actual amount depends on your monthly income (typically up to 20x monthly salary), credit score, and existing obligations.
Can I prepay Axis Bank personal loan?
Yes. Axis Bank allows prepayment after completing 12 EMIs. Prepayment charge is 2% to 5% on outstanding principal. Part-prepayment is also allowed subject to minimum amount conditions.
How to apply for Axis Bank personal loan?
You can apply online at Axis Bank website or mobile app, visit any Axis Bank branch, or call Axis Bank customer care at 1860-419-5555. Keep documents ready: Aadhaar, PAN, salary slips (3 months), bank statements (6 months).
Is this Axis Bank EMI calculator accurate?
Yes, our calculator uses the standard EMI formula used by all banks. However, actual EMI may vary slightly due to processing fees, GST on charges, or rounding. Always confirm final EMI with Axis Bank before loan disbursement.