• Financing period- the newest tenure is the long-time the brand new debtor must pay back the new AXIS Lender Mortgage. Brand new EMI are ultimately regarding tenure. New prolonged the mortgage tenure, the least expensive EMI might be. Thus financing regarding thirty years will have a lowered EMI compared to the good ten-year financing.
• Rate of interest- the higher the rate from financing, the higher will be the EMI number. Just in case new EMI count try large, that means the price of the borrowed funds is higher. Hence, the way to reduce the EMI is to look for a lender which have a lesser rate of interest. AXIS Lender Mortgage interest rate initiate from the 6.9 %.
• Loan amount- the mortgage number advances the EMI. High your debt number, highest EMI. The lowest loan amount choice available in the newest AXIS Lender Family Loan EMI Calculator try Rs. step 3 lakhs, and the maximum is Rs. 5 crores.

Figuring EMI having fun with Axis Financial Financial EMI Calculator

Example: Mr. X submits a software to find an enthusiastic AXIS Financial Home loan away from amount borrowed Rs. fifty lakhs from the mortgage loan of 9 %, as well as the financing period are two decades. Read more