Axis bank personal loan EMI calculator
EMI stands for Equated monthly Installment and it is the monthly amount that you need to repay to the Axis Bank if you want to avail a personal loan from them. This amount is to be paid on a scheduled date every month, till the expiry of your loan tenure. This EMI amount is a combination of both the principal and the interest amount calculated by the bank on the loan amount availed. The proportion of the principal and the interest component varies every month. As a usual practice, the principal component of the Axis bank personal loan keeps on increasing and the interest component keeps on decreasing, with every EMI payment you make.
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