![]() ![]() Higher the interest rate on the loan, higher will be your EMI and vice-versa. Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI. Helps you ascertain how much will be your Two Wheeler Loan EMI outgo.Saves time and energy spent on doing manual calculations.Here are the five benefits of using the EMI calculator: The slider to enter the loan amount, interest rate, and the tenure of your loan (in months). For instance, if R = 17% per annum, then R= 17%/12 = 0.014167ĭoes it look complicated? Don’t worry! Use Axis Bank’s Two Wheeler Loan EMI calculator.Īxis Bank’s Two Wheeler Loan EMI calculator is a great online tool that provides you with the answer in a split second and enables you to understand how much will be your EMI outgo. The rate of interest rate (R) on your loan is calculated monthly i.e. Say you take a Two Wheeler Loan of Rs 1 lakh from Axis Bank at an interest rate of 17% p.a. Mathematically, EMI is calculated as under: The entire tenure of your loan, and it is to be repaid over the tenure of the loan on a monthly basis. Therefore, EMI = principal amount + interest paid on the Car Loan. The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein. To user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, Neither Axis Bank nor any of its agents or licensors or group companies shall be liable NoĬlaim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against Axis Bank. Axis Bank does not undertake any liability or responsibility to update any data. Other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ The use of any information set out is entirely at the User's own risk. Herein or on its completeness / accuracy. Pradhan Mantri Jeevan Jyoti Bima YojanaĪxis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated.Commercial Vehicle & Construction Equipment Loan. ![]()
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