Axis Bank Home Loan EMI Calculator

You are Eligible for EMI Amount

₹ 56,409

Principal Amount

₹ 65,00,000

Interest Amount

₹ 70,38,043

Why for Home Loan?
Offers from 34+ Banks
Lowest Interest Rate
Highest Loan Value

Your Repayment Details

Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balances
January 650000 5620 1043 4577 648957
February 648957 5620 1051 4570 647906
March 647906 5620 1058 4562 646848
April 646848 5620 1065 4555 645783
May 645783 5620 1073 4547 644710
June 644710 5620 1080 4540 643629
July 643629 5620 1088 4532 642541
August 642541 5620 1096 4525 641446
September 641446 5620 1103 4517 640342
October 640342 5620 1111 4509 639231
November 639231 5620 1119 4501 638112
December 638112 5620 1127 4493 636985
Month Beginning Loan Balance EMI Principal Monthly Interest Outstanding Balances
January 6525000 5620 1654773 4452 648957
February 648957 5620 1051 46540 647906
March 647906 5620 1058 4656 646848
April 646848 5620 15555 4555 645783
May 645783 56550 1073 4547 644710
June 644710 5620 10330 4540 643629
July 643629 563430 1088 4532 642541
August 642541 5620 1046 4525 641446
September 6341446 5620 1103 4517 640342
October 644342 5620 1111 4509 639231
November 639231 5620 1119 4501 638112
December 638112 5620 1127 4493 636985

Axis Bank Home Loan EMI Calculator

Axis Bank's Home Loan offers competitive interest rates starting from 8.75% per annum for salaried individuals and 9.10% per annum for self-employed individuals, with flexible tenures up to 30 years. Eligibility criteria include a minimum age of 21 years and a maximum age of 65 years at loan maturity, along with a stable income and good credit history. With fast approvals, customizable repayment plans, and transparent processes, Axis Bank ensures a smooth borrowing experience, making homeownership accessible and affordable.

Benefits of Axis Bank Home Loan EMI Calculator

Here are the key benefits of Axis Bank Home Loan EMI calculator:

  • Easy Access and No Registration Required: The EMI calculator is available online, free of charge, and requires no registration, making it accessible to anyone exploring home financing.
  • Visualizing Amortization Schedule: It often provides an amortization breakdown, showing how each EMI reduces your loan principal and how interest decreases over time, helping you track repayment progress.
  • Customized Loan Term Selection: The calculator enables you to test different loan tenures to find an option that balances affordability with faster repayment, helping you choose the optimal loan term.
  • Real-Time Calculation Adjustments: Any change in loan amount, tenure, or interest rate immediately updates the EMI, allowing you to see the impact of various factors on your monthly outflow instantly.
  • Transparency in Loan Costs: By visualizing the total interest payable over the loan tenure, the calculator provides a transparent view of the total cost of borrowing, helping you make an informed choice.

How to Calculate Home Loan EMI

Calculating your home loan EMI doesn’t have to be stressful. SuGanta.com offers a free, easy-to-use EMI Calculator to help prospective borrowers understand their monthly payments instantly. Simply input your loan amount, interest rate, and loan tenure, and the SuGanta EMI Calculator will provide an accurate breakdown of your future EMI payments. This tool not only saves time but also allows you to explore various loan schemes, enabling you to make informed financial decisions for your home financing needs. Use SuGanta.com’s EMI Calculator today to simplify your home loan planning.

Get Exclusive Home Loan Offers Here!

  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
  • SBI Bank
    RECOMMENDED
    • Loan Amount
    • 65,00,000
    • Tenure
    • 20 yr
    • ROI
    • 8.5
    • EMI
    • 56,409
    View Now
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How To Use SuGanta Home Loan EMI Calculator

Calculating your home loan EMI is straightforward with SuGanta's Home Loan EMI Calculator. Follow these steps:

  1. Access the Calculator: Visit the SuGanta Home Loan EMI Calculator.
  2. Enter Loan Amount: Input the desired loan amount you plan to borrow.
  3. Specify Loan Tenure: Select the loan tenure in years.
  4. Input Interest Rate: Enter the applicable interest rate for the loan.
  5. Calculate EMI: Click on the button to view your monthly installment.

Home Loan EMI Calculation Formula

If you want to cross-check the EMI amount then use the following standardized formula:

          EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
        

Home Loan Amortization Schedule for Axis Bank

An Axis Bank Home Loan Amortization Schedule offers a clear, detailed breakdown of each Equated Monthly Installment (EMI), showing how each payment is split between principal repayment and interest over the loan tenure. This schedule helps borrowers track their repayment progress, understand interest and principal contributions, and see the reduction in outstanding loan balance each month. By providing insights into the structure of loan repayments, the Axis Bank Amortization Schedule empowers borrowers to manage finances effectively throughout the life of the loan.

Illustrative Example:

Consider a home loan of ₹55 lakh with a tenure of 12 years at an interest rate of 8.75% per annum.

The Axis Bank Home Loan Amortization Schedule provides a comprehensive view of loan repayment, helping you manage finances with ease and transparency. Track your repayment journey, stay informed on interest and principal contributions, and plan your budget effectively. With Axis Bank, enjoy a smooth and well-guided path to homeownership.

Month EMI (₹) Principal (₹) Interest (₹) Outstanding Balance (₹)
1 61,820 17,820 44,000 54,82,180
2 61,820 17,950 43,870 54,64,230
144 61,820 61,320 500 0

The Axis Bank Home Loan Amortization Schedule provides a comprehensive view of loan repayment, helping you manage finances with ease and transparency. Track your repayment journey, stay informed on interest and principal contributions, and plan your budget effectively. With Axis Bank, enjoy a smooth and well-guided path to homeownership.

 

Home Loan FAQs

+
EMI stands for Equated Monthly Installment. It's the amount you pay each month to repay your home loan, which includes a part of the principal amount and the interest.
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Home loan EMI is calculated using the formula: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the total number of months.
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The main factors that affect your home loan EMI are the loan amount, interest rate, and loan tenure. A higher loan amount or interest rate will increase your EMI, while a longer tenure will decrease it.
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Yes, most lenders allow prepayment of home loans. However, there might be certain terms and conditions, including prepayment charges. It's best to check with your lender for specific details.

Types of Home Loans We Offer

1. Fixed-Rate Mortgages

Enjoy the stability of consistent monthly payments throughout your loan term.

2. Adjustable-Rate Mortgages (ARMs)

Take advantage of lower initial rates with the flexibility to adjust over time.

3. FHA Loans

Government-backed loans with lower down payment requirements, perfect for first-time buyers.

4. VA Loans

Exclusive loans for veterans and active-duty military personnel with favorable terms.

Contact Us

Have any queries? We’d love to hear from you.

📞 Call us: +91 782 769 4613

✉️ Mail us: homeloan@suganta.com