1. What is Axis Bank Personal Loan EMI?

The Equated Monthly Installment (EMI) is the fixed payment amount a borrower pays to Axis Bank each month to repay a personal loan linked to their credit card. The EMI includes both principal and interest components.

2. How Does the Calculator Work?

The calculator uses the standard EMI formula:

Where:

• \( P \) — Principal loan amount (INR)
• \( r \) — Monthly interest rate (annual rate ÷ 12)
• \( n \) — Loan term in months
• \( PMT \) — Monthly EMI payment

Note: Axis Bank credit card linked personal loans typically start at 10.49% p.a. interest rate.

3. About Axis Bank Credit Card Loans

Details: Axis Bank offers pre-approved personal loans to eligible credit card holders with competitive interest rates starting from 10.49% p.a. Loan amounts and terms vary based on credit profile.

4. Using the Calculator

Tips: Enter loan amount in INR, annual interest rate (minimum 10.49%), and loan term in months (6-60 months). The calculator will show EMI, total payment and total interest.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum interest rate for Axis Bank credit card loans?
A: The current starting rate is 10.49% p.a. for eligible customers with excellent credit history.

Q2: What is the maximum loan tenure available?
A: Typically up to 60 months (5 years) for personal loans linked to Axis Bank credit cards.

Q3: Are there any processing fees?
A: Axis Bank may charge processing fees up to 2% of the loan amount plus applicable taxes.

Q4: Can I prepay the loan?
A: Yes, but prepayment charges may apply depending on the loan terms and timing.

Q5: How does this compare to regular personal loans?
A: Credit card linked loans often have faster approval but may have higher rates than secured loans.