EMI Calculator

₹50,000

₹10,00,00,000

%
1.00% 30%
Months
12 Months84 Months

Your EMI

50,000
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*Equated Monthly Installment

Total Amount Payable

1,37,621

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. *All the amounts are Indicative.

EMI Calculator

Axis Finance’s Equated Monthly Instalment (EMI) calculator is a tool that helps you to calculate your monthly Installments towards your loan. Results depend on many factors, including the assumptions you provide. (We do not guarantee their accuracy, or applicability to your circumstances.)

EMI Calculator

Frequently Asked Questions

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If you can not find your answers to your questions in our FAQ's, you can get in touch with us.

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An EMI calculator is a tool that helps you calculate the Equated Monthly Installment (EMI) for a loan. It allows you to simulate different EMI amounts by adjusting parameters such as loan amount, interest rate, and repayment tenure. 

An EMI calculator uses a formula that takes into account the loan amount, interest rate, and loan tenure to calculate the EMI. It provides you with an estimate of the monthly repayment amount for your loan. 

EMI stands for Equated Monthly Installment, which is the fixed amount of money you must pay monthly towards your Loan. It is calculated using the Ioan amount, interest rate, and loan tenure, taking into account the compounding interest over the repayment period. 

The factors that affect EMI include the loan amount, interest rate, and loan tenure. Higher loan amounts, higher interest rates, and longer loan tenures generally result in higher EMIs. 

Using an EMI calculator helps you plan your finances better by giving you an idea of how much you need to budget for loan repayments. It also allows you to compare different loan options and choose the one that best fits your financial situation.  

Yes, you can use an EMI calculator for different types of loans, including personal loans, home loans, car loans, etc. The calculation process remains the same, although the specific interest rates and terms may vary for each loan type. 

No, the EMI amount is fixed throughout the loan tenure. However, you can choose to prepay or part-pay your loan to reduce the loan tenure and thereby reduce the total interest paid. 

Yes, you can use an EMI calculator to compare different loan options. By inputting the loan details for each option, you can compare the resulting EMls and choose the one that best fits your financial needs. 

No, it is not necessary to provide personal details to use an EMI calculator. The calculator only requires basic loan information such as loan amount, interest rate, and loan tenure to calculate the EMI.