Axis Bank Personal Loan EMI Calculator Let’s just throw some light on this by taking a look at an example below: Suppose, Yashika Malhotra, a 30-year-old, Content Writer by profession wants to avail a personal loan of ₹2 Lakh so as to pay her credit card debt. The bank has agreed to offer her the loan at an interest rate of 15.75% per annum for a tenure of 5 years. So, Yashika wants to know what would be her EMIs, Interest Outgo and Total Amount Payable towards a loan. So, she used a personal loan EMI Calculator online to know how much amount she needs to pay each month so as to repay her loan. Just take a look at the table below to find out the same. Table Showing EMI, Interest Outgo, and Total Repayment Amount
MONTHLY LOAN AMOUNT
INTEREST RATE
TOTAL INTEREST
TENURE INSTALMENT
AMOUNT
TOTAL AMOUNT
2,00,000
5.75%
18,123
17,470
2,17,470
2,00,000
5.75%
9769
34,450
2,34,450
2,00,000
5.75%
7007
52,243
2,52,243
2,00,000
5.75%
5642
70,839
2,70,839
2,00,000
5.75%
4837
90,225
2,90,225
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
YEAR
PRINCIPAL
NTEREST
BALANCE AMOUNT
28,547
29,497
1,71,452
33,383
24,662
1,38,069
39,037
19,007
99,031