Axis Bank Home Loan EMI Calculator

Axis Bank Home Loan calculator would allow you in planning your repayment of the loan well in advance. You have the option of changing the loan amount, the rate of interest and the repayment tenure in the Axis Bank Home Loan calculator and then find the suitable home loan plan all by yourself.

• This is a quick and straightforward online solution for calculating the EMI.
• This would calculate the accurate EMI amount in seconds for helping you in planning all your future finances in an organized manner.
• The Axis Bank EMI calculator has the ability to analyze all the different plans of Axis Bank home loans and then cautiously select the one that suits you the best.

How to Use Magicbricks Home Loan EMI Calculator?

The Magicbricks Home Loan EMI Calculator is very simple to use. Anyone who is looking forward to apply for an Axis Bank home loan or if you have already taken an Axis Bank home loan, then you necessarily require to conduct the following steps:

Step 1: Firstly, enter the loan amount that you want to borrow.
Step 2: Then the tenure in years for the repayment period is to be entered
Step 3: Then enter the interest rate
Step 4: Finally, click on the tab of EMI Calculation.

After all these steps are completed, you would be able to fetch the accurate value of the EMI.

Axis Bank Home Loan Amortization Schedule

Amortization refers to the procedure of writing down the loan’s value. The Amortization schedule is being extensively used by financial institutions as well as other lenders in showcasing a loan repayment schedule depending on the date of maturity. This schedule very clearly segregates the principal and interest components of the EMI. This also guides the borrowers with the right information regarding the payment every time.

If you have opted for an Axis Bank home loan amount of Rs. 15 lacs for a tenure of 7-years at an interest rate of 6.80% annually, then the amortization schedule would be as follows:




Thus, we can conclude that an Axis Bank Home EMI Calculator is very helpful in planning the tenure of your home loan repayment and also defines the loan’s repayment structure.