🇮🇳 Axis Bank Home Loan Suite

Axis Bank Home Loan Prepayment Calculator

Calculate your exact interest savings, reduced tenure, and part-prepayment amortization for Axis Bank Floating Rate & Asha Home Loans.

Axis Loan & Prepayment Inputs

Loan Outstanding Balance₹ INR

₹

₹ 45.00 Lakhs

Interest Rate% p.a.

TenureYears

Extra Monthly Payment₹ / month

₹

Lump-Sum Part Payment₹ (One-Time)

₹

Mo #

Annual EMI Step-Up %Salary Hike Strategy

%/yr

Total Interest Saved

₹ 0

You save 0% of Axis Bank interest!

Time Saved

0 yrs

Payoff in Month 0

Monthly EMI

₹ 0

Base Monthly Outflow

Revised Payoff Date

Originally --

Total Amount Paid

₹ 0

Originally ₹ 0

Axis Bank Balance Decay

Principal Repayment

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

Period	EMI Paid	Principal Paid	Extra Prepayment	Interest Paid	Total Payment	Remaining Balance

Axis Bank Home Loan Part Prepayment Rules & Guidelines

Axis Bank is one of India's largest private mortgage lenders. Understanding how to execute part prepayments can save homeowners lakhs in compounding interest charges.

RBI Prepayment Rule: Under RBI Master Circular RBI/2014-15/121, banks cannot charge foreclosure charges or pre-payment penalties on home loans on floating interest rates.

Key Steps to Prepay Axis Bank Home Loan:

Check Loan Type: Verify that your loan is on floating interest rate (MCLR / Repo Linked Lending Rate - RLLR).
Choose Part Prepayment Mode: Pay online via Axis NetBanking or submit a cheque at the Asset Operations Branch.
Specify Mandate: Instruct the bank in writing whether you want to reduce tenure (shorter loan) or reduce EMI.
Collect Revised Schedule: Always request a revised Amortization Schedule within 7 working days to verify that the principal balance was adjusted correctly.

Frequently Asked Questions

Does Axis Bank charge prepayment charges on home loans?

No. Under RBI guidelines, Axis Bank levies zero prepayment penalty or foreclosure charges on individual floating-rate home loans. For fixed-rate loans or non-individual borrowers (e.g. corporate entities), a charge of up to 2% + GST may apply.

How do I do part prepayment in Axis Bank Home Loan?

You can make part prepayments in Axis Bank through Axis Mobile App, Internet Banking, or by visiting your nearest Axis Bank loan branch with a cheque or demand draft. The minimum part-prepayment amount is usually equivalent to 1 EMI.

Should I reduce EMI or reduce tenure on my Axis Bank home loan?

Reducing loan tenure saves the maximum amount of interest because you shorten the compounding period. Reducing EMI provides immediate monthly budget relief while keeping your loan term unchanged.

What is Axis Bank Shubh Aarambh Home Loan prepayment benefit?

Axis Bank offers EMI waivers on certain special home loan products like Shubh Aarambh (up to 12 EMIs waived on regular repayment). When making prepayments, ensure you check terms to retain these waiver benefits.