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How to Calculate EMI for Axis Bank Personal Loans

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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.

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How to Calculate EMI for Axis Bank Personal Loans

  1. 1. How to Calculate EMI for Axis Bank Personal Loans
  2. 2. 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 application forever.
  3. 3. Interest Rate for Axis Bank personal:  The average rate of interest for Axis Bank personal loan ranges between 15 to 24%.  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.
  4. 4. Applying for Axis Bank Personal Loans Online:  Axis bank has collaborated with Bankbazar.com, India's premier financial marketplace offering customized personal loan offers for each individual loan applicant.  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 plans.  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.
  5. 5.  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.
  6. 6. EMI Calculation for Axis Bank Personal Loan:  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.
  7. 7. 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 repayment capacity.

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