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How My Axis Bank Personal Loan Interest Rates is Managed?

 If you are borrowing an Axis Bank personal loan, you should know what could be its repayment. And for this Axis Bank Personal Loan EMI Calculator is the suitable tool. With which you can know what is your EMI for Axis Bank Personal Loan. Also, using the EMI tool you may get a tenure where Axis Bank Personal Loan Interest Rates payments are less. Read this article to know the benefits.

Affordable EMI Amount

One of the reasons Axis Bank personal loan is the prefered product is because the interest rates are suitable for customers. It is not that high which one can’t afford. Axis Bank Personal Loan Interest Rates ranges from 12.00%-24.00% per annum. And the advantage of this that you can get an EMI amount which will fit into your monthly budget.

How to Get a Suitable EMI?

Use Axis Bank Personal Loan EMI Calculator if you have doubts about the loan repayment. This will generate the approximate EMI amount as per your loan details. To use the tool follow the steps below.

  1. Go to Axis Bank official website

  2. Select personal loan

  3. On the Axis Bank Personal Loan page, you can see the calculator

  4. Insert the loan amount, interest rate and tenure

Suppose you have borrowed an Axis Bank persona  of INR 5 lakh at an interest rate of 14.00% per annum. According to the Axis Bank Personal Loan EMI Calculator calculations your EMI would be INR 11,634 for 5 years tenure.

Advantages that can’t be ignored!

When you use a Axis Bank Personal Loan EMI Calculator, you get the following benefits:

  • Low EMI

  • Less interest outgo

  • Loan repayment management 

  • Right tenure

  • Prepayment planning

  • Savings on loan repayment

How do I get a lowest Axis Bank Personal Loan Interest Rate?

  • High Income: If your income is above INR 15,000 per month you might negotiate with Axis Bank to reduce the interest rate on the account of your high income. Because if you have a high monthly salary that means there are less chances of default and due payment and the bank can rely on the credit risk. 

  • Ideal CIBIL Score: On the basis of your credit history as well you can reduce Axis Bank Personal Loan Interest Rates. You just have to check the CIBIL score before you apply for Axis Bank personal loan. This benefit is for the customers who have a credit history. 

  • Co-applicant: Add a co-borrower to your Axis Bank personal loan, so the burden is balanced and there is more security. So the bank may reduce your Axis Bank Personal Loan EMI Interest rates. While choosing a co-applicant make sure he/she must have a regular income and good CIBIL score. Otherwise it will be of no benefit. 

Apply for Axis Bank Personal Loan Today!

If you have any financial problems, visit Axis Bank branch and ask for a personal loan from the bank representative. You can borrow the loan online as well by going to its official website and submitting the duly filled loan application form.
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