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Contributor‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
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Mayank is a well-known paint distributor in the city, supplying paints to shops and builders. Managing his cash flow, tracking payments, and handling expenses is difficult in his busy routine, but the Axis Bank Loan Statement makes it easy for him to stay updated without wasting time.
He says, “The Axis Bank Loan Statement is a game changer for my business. Instead of worrying about loan details and repayments, I get all updates on my phone. This helps me manage my money better and focus on growing my paint business.”
Time Saved on Loan Tracking | Worth ₹5,000/year | No need to visit the bank often |
Avoided Late Fees: | Saved ₹3,000/year | Never missed an EMI |
Prevented Fraud Losses: | Saved ₹6,000/year |
With the Axis Bank Loan Statement, Mayank runs his paint business smoothly and plans for bigger growth without stress!
Components of the Loan Statement
Mayank is a busy paint distributor who took a business loan from Axis Bank to buy more stock and grow his business. The Axis
Bank Loan Statement keeps everything clear and organised for him.
Here’s how each part of the loan statement helps him:
Loan Statement Part | What does it show? | How does it help Mayank? |
Loan Account Details (Loan number, type of loan, lender details) | Loan account number Type of loan (Business Loan) Axis Bank contact info | Helps Mayank quickly check his loan details when talking to bank officials or applying for more loans. |
Mayank says, “The Axis Bank Loan Statement keeps my business loans organised. I don’t need to call the bank again and again. Let me explain.”
Loans Type | Interest Rate | Loan Amount | Monthly EMI |
Business Loan (for 5 years) | 10.75% | ₹10,00,000 | ₹13,634 (per month) |
Formula of EMIs Calculation is: EMI =
[P x R x (1 + R)^N] / [(1 + R)^N - 1]
Thanks to the Axis Bank Loan Statement, Mayank manages his business smoothly and focuses on growth without stress.
Mayank uses his loan statement to track EMIs, monitor balances, and manage his paint business finances effectively. Here’s a simple, step-by-step guide to downloading his Axis Bank Loan Statement in three ways:
Method | Step-by-Step Guide |
Last 6 EMI payments with dates
Confirms all payments are recorded correctly.
Prepayment/Extra Payment
Details of any extra payments made (e.g., ₹50,000 in the previous month).
Indicates if Mayank has saved interest by making extra payments.
Charges (if any)
Late fees, SMS alerts, etc.
Caught wrong charges early |
Better Loan Terms: | Earned ₹10,000/year | A good repayment history helped |
Mayank’s name & business address Mobile & email linked to loan |
Ensures all his details are correct so he gets important updates on time. |
Loan Summary (Principal amount, interest rate, tenure) | Total loan amount taken Interest rate (e.g., 12% p.a.) Loan duration (e.g., 5 years) | Helps Mayank know his loan cost and plan his budget accordingly. |
Repayment Schedule (EMI breakdown, due dates) | Monthly EMI amount Due date (e.g., 5th of every month) Principal + Interest split | Reminds Mayank when to pay EMI so he avoids late fees. He also sees how much interest he is paying. |
Outstanding Balance & Prepayment Details | Remaining loan amount Any prepayment done Savings on interest (if prepaid) | Helps Mayank track how much loan is left. If he has extra cash, he can prepay and save on interest. |
Personal Loan (for 2 years)
11.25% |
₹2,00,000 |
₹9,345 (per month) |
Why does Mayank like it?
Download via the net Banking (On laptop/Computer) | Log in to Axis Bank Net Banking Go to “Loans” > Select your Loan Account Click “View/Download Statement” Choose date range > Click “Download PDF” Save/Print for GST or loan records | Gets full EMI history for tax filing Can save & print for future reference |
Download via Mobile App (Quick and Easy) | Open Axis Mobile App Tap “Loans” > Select your loan Click “Statement”> Choose month Download PDF or check transactions | Checks EMI due dates instantly Gets SMS alerts for payments |
Offline Request | Visit an Axis Bank branch with valid ID proof and loan details. Request a printed copy of your loan statement from the bank executive. Call Axis Customer Care (1860-419-5555) and request an email/SMS statement | Helpful when the internet is down Bank staff explain details face-to-face |
Mayank’s Tip: "I use the mobile app daily, but download the PDF statement every month for my chartered accountant. This saves time and helps keep my business loans well-organised!"
Now Mayank never misses EMI dates and runs his paint business smoothly!
(All methods are free & secure!)
Fees and Charges for Loan Statements
Here’s a simple breakdown of the costs (if any) associated with obtaining Mayank’s loan statement and how they benefit his paint business:
Service | Fees (if applicable) | How does it benefit Mayank |
E-Statement | Free | Saves money – Mayank gets statements automatically without paying extra. |
Mobile App Statement | Free | Checks EMI dues anytime for free – no need to visit a bank. |
SMS Alerts | ₹15-30/month (optional) | Worth paying – instant SMS reminders help avoid late EMI fees (₹500+ per delay). |
Printed Statement (Branch) | ₹50-100 per copy (if frequent requests) | Mayank takes 1-2 prints/year for GST filing – still cheaper than penalties for wrong records. |
Customer Care Request | FREE (if email/SMS) | Call a toll-free number to get a statement if the internet is down. |
Mayank’s Tip: "I use free mobile app statements daily. For GST purposes, I download one PDF per month. This saves me over ₹5,000 annually compared to manual tracking."
Also Read - Axis Bank Mini Statement
Smart Move: Mayank subscribed to SMS alerts (₹30/month) to avoid ₹500 late charges. Net savings = ₹470/month!
(All charges are approximate – Mayank checks exact fees on the Axis Bank website.)
Here’s how to read a loan statement, which provides details such as due dates, EMIs, interest, and outstanding balance.
Section | What It Shows | Why does it matter for Mayank? |
Loan Account Summary | Total Loan Amount (e.g., ₹10 lakh) Current Outstanding (e.g., ₹7 lakh left) Interest Rate (e.g., 12% p.a.) | Helps Mayank know how much he borrowed and how much is left to repay. |
EMI Due Date | Next EMI date (e.g., 5th of every month) | Reminds Mayank to pay on time and avoid late fees (₹500+ per delay). |
EMI Breakdown | Principal Paid (e.g., ₹15,000) Interest Paid (e.g., ₹5,000) Total EMI (₹20,000) | Shows how much goes toward the loan vs the interest. Helps in tax savings. |
Transaction History |
*T&C Apply
Helps Mayank avoid unnecessary costs next time.
Tracks EMI Payments: Ensure Timely Payments and Avoid Late Fees (₹500+ per month).
Checks Interest vs Principal: Plans tax deductions on interest paid.
Verifies Extra Payments: Confirms prepayments reduce loan tenure.
Spot Errors: Reports wrong charges immediately to Axis Bank.
Mayank’s Simple Trick:
I just check 3 things every month:
Example: If Mayank’s EMI is ₹20,000, he knows ₹15,000 reduces his loan, and ₹5,000 is interest expense for tax filing.)
Here's a simple table explaining common issues Mayank might face with his Axis Bank loan statement and how to troubleshoot them:
Common Issue | What Happens | How can Mayank fix it? | Why does it help Mayank? |
EMI is not showing in the statement | Payment made, but not reflecting | 1. Check bank transaction receipt 2. Call Axis Bank customer care (1860-419-5555) | Avoids late fees and wrong balance calculations |
Wrong Interest Charged | The interest amount looks higher than usual | 1. Compare with last month's statement 2. Visit the branch with the statement for clarification | Saves money by correcting errors |
Missing Prepayment Entry | Extra payment not shown in statement | 1. Keep payment receipt ready 2. Email to Axis Bank with proof | Ensures the loan reduces faster as planned |
Can't Access E-Statement | Login problems in app/net banking | 1. Reset password 2. Download statement via SMS/email request | Saves time - gets statement without visiting the branch |
Unknown Charges | Fees you don't recognise | 1. Check the detailed charges section 2. Dispute within 7 days | Prevents paying for wrong charges. |
Old Loan Still Showing | A closed loan appears in a statement | 1. Submit a closure certificate from the bank 2. Get NOC (No Objection Certificate) | Keeps records clean for new loans. |
Mayank's Troubleshooting Tips:
"When I see something wrong in my statement, I call Axis Bank immediately. They fix it fast so my paint business accounts stay perfect!"
Axis Bank loan statement makes managing Mayank's paint business loan super easy. It shows his EMI dates, interest paid, and balance clearly. Mayank can check it anytime on the mobile app or net banking for free. If there's any mistake, he can quickly call customer care to fix it. The statement helps him:
With automatic SMS alerts and easy downloads, Mayank saves both time and money, allowing him to focus on growing his business instead of worrying about loan paperwork. Axis Bank statement keeps everything simple and organised for busy businessmen like Mayank!
Bank Statement Pages | |||
