Axis Bank Home Loan EMI Calculator
Axis Bank is a prominent private sector bank in India that helps thousands of people with exceptional financial services, such as home loans. Axis Bank home loans, starting at an ROI of 9.00% per annum, can be availed both by salaried or selfemployed people. Use the online Axis EMI calculator to calculate the monthly repayment obligations with this home loan. One can use the Axis Bank home loan EMI calculator online by entering simple loanrelated details, and it will get instant results with 100% accuracy. Let us understand how to use the Axis Home Loan EMI Calculator and why we should use it instead of calculating the EMIs manually.
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Break up of Total Payment

Principal Amount

Total Interest
How to Calculate Axis Bank Home Loan EMI?
The decision to use an online EMI calculator is the easiest way to calculate home loan EMI for a housing loan. It is a simple yet effective tool available online that helps borrowers calculate monthly repayments and plan their finances well. It is a freetouse and precise online tool that can be used whenever a borrower wants to use it as many times as one wants to.
Axis Bank Home Loan EMI Calculator Formula
Online EMI calculators use a simple mathematical formula to calculate a housing loan's monthly repayments. The Axis home loan calculation formula takes into account three main components of the home loan: loan amount, rate of interest, and tenure. Have a look at the formula to calculate the housing loan EMI to understand it in detail:
EMI = [P x R x (1+R)^N] / [(1+R)^N1]
Here,
P denotes the Principal Loan Amount
R denotes the Rate of Interest
N denotes the No. of Instalments
Factors affecting Axis Bank Home Loan EMI
At the same time, it is important to understand that certain Axis Bank Home Loan criteria can impact the housing loan EMI. Some of these factors are listed below:
Home Loan Interest Rate: The lender's interest rate is the prime factor determining the monthly payment you pay for your housing loan. The higher the rate of interest, the higher your monthly payment will be. Moreover, the type of interest rate—floater or fixed—also impacts the monthly payment.
Principal Loan Amount: The second crucial criterion that impacts a housing loan EMI is the principal loan amount. Generally, substantial loan amounts generate huge EMIs for repayment, and vice versa.
Home Loan Tenure: The duration for which a loan is awaited, also known as the home loan tenure, has a direct impact on the Equated Monthly Installment (EMI). Generally, longer tenures lead to smaller EMIs but higher interest payments overall, and shorter tenures lead to higher EMIs.
Benefits of Using Axis Bank Home Loan Calculator
Knowing about the features of a home loan calculator is not enough; we recommend you read further to understand all about the major benefits of Axis Home Loan EMI calculator:
Free and Convenient: The best advantage of using the online EMI calculator is that it is absolutely free to use, and one can use it anytime, from anywhere, multiple times. Try the freetouse EMI calculator available online at the official website of the BASIC Home Loan: https://www.basichomeloan.com/em.
Accurate Results Every Time: No need to crosscheck the manual EMI calculations when you rely on the online EMI home loan calculator. This is because this tool gives accurate results every time, eliminating the scope for human errors.
Aids in Comparison Analysis: The EMI calculator tool allows users to try an endless number of combinations of loan tenures, loan amounts, and interest rates. This helps users compare different loan figures and make informed decisions as per one's affordability.
Axis Bank Home Loan Interest Calculator Formula
After learning indepth about the use and benefits of a home loan EMI calculator, we want you to understand a bit about the Axis Bank home loan interest rate calculator as well. This simple tool helps you know the interest paid on a home loan with a simple calculation. Axis housing loan interest rate calculator works on a mathematical calculation that is given below:
Total Interest = (P X R X T) / 100
Here,
P denotes the Principal Loan Amount
R denotes the Rate of Interest
T denotes the Tenure
Axis Bank Home Loan Eligibility Criteria
Axis Bank home loan eligibility calculator is another powerful tool that helps an aspiring home loan borrower take that first step to apply for a housing loan. It is through this home loan eligible calculator Axis, that an interested borrower can check their eligibility to apply for a housing loan scheme from the bank. Age, income, credit score, and work experience are some of the common things you need to input in this calculator to calculate your home loan eligibility.
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Comparison of Axis Bank Home Loan EMI with other Popular Banks
A little research before applying for a housing loan does make sense. So, to help you compare Axis Bank housing loan EMI, we are now presenting a table with the Equated Monthly Installments of the other 5 lenders for a 10year loan tenure:
Bank Name  Rate of Interest  Rs. 10 lakhs  Rs. 20 lakhs  Rs. 30 lakhs  Rs. 40 lakhs  Rs. 50 lakhs 

Axis Bank  9.00% p.a. onwards  Rs. 12,668  Rs. 25,335  Rs. 38,003  Rs. 50,670  Rs. 63,338 
YES Bank  9.40% p.a. onwards  Rs. 12,885  Rs. 25,770  Rs. 38,655  Rs. 51,540  Rs. 64,425 
Cholamandalam Home Loan  9.00% p.a. onwards  Rs. 12,668  Rs. 25,335  Rs. 38,003  Rs. 50,670  Rs. 63,338 
Piramal Housing Finance  11.00% p.a. onwards  Rs. 13,775  Rs. 27,550  Rs. 41,325  Rs. 55,100  Rs. 68,875 
Motilal Oswal Housing Finance  11.75% p.a. onwards  Rs. 14,203  Rs. 28,406  Rs. 42,609  Rs. 56,812  Rs. 71,015 
DCB  9.75% p.a. onwards  Rs. 13,077  Rs. 26,154  Rs. 39,231  Rs. 52,308  Rs. 65,385 
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Axis Bank Home Loan Amortization Schedule
Using the Axis Bank Home Loan Amortization Schedule can help you get a breakdown of your monthly payments for a housing loan repayment. All you need is some basic loanrelated data like the tenure, rate of interest, and loan amount to prepare the home loan amortization schedule. With the help of this schedule, you will be able to do better monthly financial planning.
Steps to Calculate Axis Bank Home Loan Amortized Interest
Step 1: Start by dividing your Axis Bank housing loan interest rate by the total EMIs you plan to pay in a year. For example, if your housing loan rate of interest is 9.00% p.a. and you choose monthly EMIs, then divide 9.00% by 12 = 0.0075
Step 2: Your next step to calculate the Axis Bank amortization interest would be to multiply the figure you just derived with your loan outstanding, and the answer you will get will be your payable monthly interest. For example, if your home loan balance is Rs. 5,500,000, then 5,500,000 x 0.0075 = Rs. 41,250 will be your 1st month's interest
Step 3: The third step involves deducting the monthly interest you calculated in step 2 from your Equated Monthly Installment, and you will get the loan principal payable in the 1st month. For example, if your EMI is Rs. 49,485, you will pay Rs. 49,485  Rs. 41,250 = Rs. 8,235 as the principal amount, and the same amount will be reduced from your outstanding loan to calculate the remaining loan balance for the upcoming month
Step 4: Just repeat all these steps to calculate the principal, interest, and outstanding loan balance for each month
Year/Month  Principal Amount  Interest  Loan  EMI 

2024  Rs. 102,999.97  Rs. 490,820.03  Rs. 5,500,000.00  Rs. 593,820 
1st Month  Rs. 8,235.00  Rs. 41,250.00  Rs. 5,500,000.00  Rs. 49,485 
2nd Month  Rs. 8,296.76  Rs. 41,188.24  Rs. 5,491,765.00  Rs. 49,485 
3rd Month  Rs. 8,358.99  Rs. 41,126.01  Rs. 5,483,468.24  Rs. 49,485 
4th Month  Rs. 8,421.68  Rs. 41,063.32  Rs. 5,475,109.25  Rs. 49,485 
5th Month  Rs. 8,484.84  Rs. 41,000.16  Rs. 5,466,687.57  Rs. 49,485 
6th Month  Rs. 8,548.48  Rs. 40,936.52  Rs. 5,458,202.73  Rs. 49,485 
7th Month  Rs. 8,612.59  Rs. 40,872.41  Rs. 5,449,654.25  Rs. 49,485 
8th Month  Rs. 8,677.19  Rs. 40,807.81  Rs. 5,441,041.65  Rs. 49,485 
9th Month  Rs. 8,742.27  Rs. 40,742.73  Rs. 5,432,364.47  Rs. 49,485 
10th Month  Rs. 8,807.83  Rs. 40,677.17  Rs. 5,423,622.20  Rs. 49,485 
11th Month  Rs. 8,873.89  Rs. 40,611.11  Rs. 5,414,814.37  Rs. 49,485 
12th Month  Rs. 8,940.45  Rs. 40,544.55  Rs. 5,405,940.47  Rs. 49,485 
FAQs
The maximum limit for a home loan amount is up to 90% of the property value, and repayment tenure for several lenders is up to 30 years.
The main benefits of using the Axis Bank home loan EMI calculator are:
 Free
 Accurate
 Convenient
 Quick
One can pay the Axis Bank home loan EMI online through Netbanking, Auto Debit Standing Instruction, NEFT, Mobile Apps, and the RTGS option.
The Axis Bank EMI calculator will provide you with details of the EMI amount if you enter the right loan tenure, loan amount, and rate of interest on which the loan is taken.
Yes, a user can easily check for multiple loan amounts in the Axis Bank home loan EMI calculator without paying anything