Axis Bank is one of the leading banks that remain on the lip of the people when it comes to applying for a personal loan to serve their needs. The bank maintains a strong presence with about 5,000 branches across the country, all wanting to take you on board as a customer.
You may feel for a holiday trip to the exotic location with your family or want funds to meet the instant cash needs. All these and more can be met with an Axis Bank Personal Loan. But you need to be clear of the loan maths and there are tools of eligibility calculator, EMI calculator and others to help you do so. Let’s be briefed on all these in this article.
Axis Bank Personal Loan Eligibility Calculator
It would be worthwhile to get a brief idea of the loan expected before applying for the same. A lot will depend on the income you earn, besides the savings you are having on a month-on-month basis, as far as the loan eligibility is concerned. What would also influence the loan eligibility is the organization you are currently employed at or the kind of business you are involved in.
Normally, the bank would see to it the proposed EMI does not go past 50% of your income. If it is the case, the bank can lend you lesser so that the EMI remains to the point where it wanted. If at all the loan eligibility comes out lower with this Axis Bank Personal Loan Calculator, you would need to part some of your savings.
Axis Bank Personal Loan EMI Calculator
After knowing that you are eligible for a certain amount of loan from Axis Bank, the next task lies in getting an estimation of the EMI applicable. And what better than to use the EMI calculator and know the monthly payments. The calculator would simply take the loan amount, tenure and interest rate to compute the installments, involving both principal and interest portions. As interest becomes the part of the EMI, you also get to know the total interest liability with the calculator. Go ahead with the deal only when the EMI is pocket-friendly. The interest rate charged by Axis Bank ranges from 15.50%-24% per annum. You can get a loan as much as ₹15 lakhs for a period of up to 5 years.
Axis Bank Personal Loan Amortization Calculator
Many don’t pay heeds to the amount of principal and interest getting paid through the EMIs and, therefore, miss out on the opportunity to reduce the quantum of repayment. You can see a schedule of interest and principal amount payable every year. And not only that, you can even see the outstanding loan balance at the end of every year. When you check them in advance, you can make a savings or investment strategy to clear the debt before the tenure gets over.
After checking all these Axis Bank Personal Loan Calculators, you can then apply. You can either visit the bank website or the branch to apply for a loan. In either of the two, you need to fill certain personal and professional details before submitting your application.
A loan brings happiness among the people when the repayment comes easily to your overall budget. This is where Axis Bank Personal Loan Calculators can be very handy. So use them to stay happy repaying.
You may feel for a holiday trip to the exotic location with your family or want funds to meet the instant cash needs. All these and more can be met with an Axis Bank Personal Loan. But you need to be clear of the loan maths and there are tools of eligibility calculator, EMI calculator and others to help you do so. Let’s be briefed on all these in this article.
Axis Bank Personal Loan Eligibility Calculator
It would be worthwhile to get a brief idea of the loan expected before applying for the same. A lot will depend on the income you earn, besides the savings you are having on a month-on-month basis, as far as the loan eligibility is concerned. What would also influence the loan eligibility is the organization you are currently employed at or the kind of business you are involved in.
Normally, the bank would see to it the proposed EMI does not go past 50% of your income. If it is the case, the bank can lend you lesser so that the EMI remains to the point where it wanted. If at all the loan eligibility comes out lower with this Axis Bank Personal Loan Calculator, you would need to part some of your savings.
Axis Bank Personal Loan EMI Calculator
After knowing that you are eligible for a certain amount of loan from Axis Bank, the next task lies in getting an estimation of the EMI applicable. And what better than to use the EMI calculator and know the monthly payments. The calculator would simply take the loan amount, tenure and interest rate to compute the installments, involving both principal and interest portions. As interest becomes the part of the EMI, you also get to know the total interest liability with the calculator. Go ahead with the deal only when the EMI is pocket-friendly. The interest rate charged by Axis Bank ranges from 15.50%-24% per annum. You can get a loan as much as ₹15 lakhs for a period of up to 5 years.
Axis Bank Personal Loan Amortization Calculator
Many don’t pay heeds to the amount of principal and interest getting paid through the EMIs and, therefore, miss out on the opportunity to reduce the quantum of repayment. You can see a schedule of interest and principal amount payable every year. And not only that, you can even see the outstanding loan balance at the end of every year. When you check them in advance, you can make a savings or investment strategy to clear the debt before the tenure gets over.
After checking all these Axis Bank Personal Loan Calculators, you can then apply. You can either visit the bank website or the branch to apply for a loan. In either of the two, you need to fill certain personal and professional details before submitting your application.
A loan brings happiness among the people when the repayment comes easily to your overall budget. This is where Axis Bank Personal Loan Calculators can be very handy. So use them to stay happy repaying.
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