Axis Bank, one of India’s most well known private sector banks is a preferred choice when it comes to personal loans. With a well defined interest rate policy that is correlated to the loan applicant and his or her repayment capacity, simple documentation and easy loan application process makes sure a large number of consumers are able to apply for an Axis Bank personal loan.
How to Calculate EMI for
Axis Bank Personal Loans
About Axis Bank:
Axis Bank, one of India’s most well known
private sector banks is a preferred choice
when it comes to personal loans. With a well
defined interest rate policy that is correlated
to the loan applicant and his or her
repayment capacity, simple documentation
and easy loan application process makes sure
a large number of consumers are able to
apply for an Axis Bank personal loan.
Axis Bank has been one of the pioneer banks
when it comes to embracing technology and
it has been on surprise that Axis Bank was one
of the first private banks to offer personal
loan application through an online application
process simplifying the definition of loan
Interest Rate for Axis Bank personal:
The average rate of interest for Axis Bank personal loan ranges between 15 to
Users seeking to apply for a personal loan with Axis Bank can make use of the
online personal loan calculator tool available at BankBazaar.com
BankBazaar offers a complete breakup of the loan including processing fee,
other charges, the possible equated monthly installments depending on the
loan amount and tenure.
Applying for Axis Bank Personal Loans
Axis bank has collaborated with Bankbazar.com, India's premier financial
marketplace offering customized personal loan offers for each individual loan
The online loan application tool allows users to apply for a personal loan
application sitting in the comfort of their home and office without visiting the
bank branch in person. What's more the online loan application tool
automatically checks the user's eligibility and offers customized personal loan
The applicant gets a complete breakup of the personal loan including
processing fee charges, foreclosure charges, EMIs and other hidden charges to
make a clear comparison between various loan offers.
Once the applicant decides of the best personal loan option for his or her
need and submits the application, BankBazaar.com tool instantly forwards the
details electronically details to the concerned Axis Bank branch. Axis bank
personal loan staff then gets directly in touch with the loan applicant for
instant loan approval.
EMI Calculation for Axis Bank Personal
Axis Bank offers personal loans from as low as Rs. 50,000 to a maximum
limit of Rs. 15, 00,000. The equated monthly installments or EMI on the
personal loan is calculated as per the tenure of the loan, the overall loan
amount and the repayment capacity of the individual borrower.
The repayment tenures for Axis Bank personal loans vary from 12 to 60
months depending on the loan amount and quantum of loan. An EMI
calculation tool is available at Bankbazaar.com allowing users to check the
monthly installment for their Axis Bank personal loans beforehand.
Users simple need to add the amount of their personal loan, loan tenure and
rate of interest. The EMI calculator available at BankBAzaar.com then
calculates and displays the EMI liability for the loan.
Real Time EMI Comparison:
Bringing a sense of transparency to the
personal loan market, Bankbazaar.com offers
EMI comparison chart which can help users to
get a complete financial insight into the
personal loan and its charges.
Complete details of any prepayment charges
if applicable along with processing fee
charges to feedback of existing personal loan
clients is made available for users to
compare and opt for the best suited personal
loan plan as per their financial needs and