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Axis Bank Personal Loan EMI Calculator

Loan amount EMI inputs
Monthly EMI
₹17,640
Total interest
₹1,35,051
Total payment
₹6,35,051
Formula 
EMI = P × R × (1+R)ⁿ / ((1+R)ⁿ − 1)

Where P = principal, R = monthly interest rate, n = tenure in months.

Source: RBI Master Circular on Loans and Advances, RBI/2024-25/01

Axis Bank Personal Loan — current rate (2026-05-04)

ParameterValue
Rate band10.49% – 22% p.a.
Processing fee2% + 18% GST
Bank typePrivate

Rates sourced from public bank disclosures and last verified 2026-05-04. Use the calculator above with your specific principal, tenure, and the rate Axis Bank quotes for your credit profile.

How does the Axis Bank rate compare?

The all-India personal loan rate band is roughly 10.50%–24%. Axis Bank’s 10.49%–22% sits at the competitive low end. Always compare against 2–3 other lenders before committing — even small rate-gap differences compound substantially over long tenures.

Eligibility for Axis Bank personal loan

Standard Indian retail-loan checklist:

  • Salaried with 2+ years of work history, or self-employed with 2+ years of ITR
  • Net monthly income that puts your FOIR under 55%–60% after the new EMI
  • CIBIL score 750+ for the best rate (650–749 may qualify with rate premium)
  • KYC: PAN + Aadhaar + address proof
  • Income proof: 3 months’ payslips + 6 months’ bank statements (or 2 years’ ITR for self-employed)
Worked examples

Three scenarios at this calculator's defaults.

Scenario EMI Total interest Total payment
Default — ₹5L at 16.25% ₹17,640 ₹1,35,051 ₹6,35,051
Best rate — ₹5L at 10.49% ₹16,249 ₹84,959 ₹5,84,959
Worst rate — ₹5L at 22% ₹19,095 ₹1,87,428 ₹6,87,428
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Frequently Asked Questions

What is the Axis Bank personal loan interest rate?
10.49% to 22% per annum, depending on credit score, loan amount, and tenure. Lowest rate typically requires CIBIL 800+. Last updated 2026-05-04 from public bank disclosures.
How is Axis Bank personal loan EMI calculated?
Axis Bank uses the RBI-mandated reducing-balance formula: EMI = P × R × (1+R)ⁿ / ((1+R)ⁿ − 1). The same formula applies across all Indian banks; only the rate Axis Bank quotes you and the processing fee differ.
What is the processing fee for Axis Bank personal loan?
2% of loan amount + 18% GST. On a ₹5L loan, processing fee is ₹10,000 + ₹1,800 GST = ₹11,800 total upfront.
Is Axis Bank a public-sector or private bank?
Private bank — competitive rates, fast disbursal, broader product set.
Can I prepay my Axis Bank loan?
Yes, but a 2%–5% prepayment / foreclosure fee applies on the outstanding amount. Verify the exact charge in your loan agreement.
Compliance disclaimer

Loan rates and terms shown are sourced from public bank disclosures; actual rates depend on credit profile, loan amount, and lender underwriting. This page is educational and does not guarantee loan approval or terms.

About this calculator

Reviewed by Jayesh Jain, AMFI Registered Mutual Fund Distributor (ARN-286359 — verify ).

Last reviewed: 2026-05-04

Formula source: RBI Master Circular on Loans and Advances, RBI/2024-25/01

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