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Interest Rates & Charges of Axis Bank Personal Loan

  • Rate of Interest: 10.25% to 14.50%
  • Tenure: 12 to 72 Months
  • Loan Processing Charges:0.75% to 2% + GST as applicable
  • Cheque Bounce Charges: Rs. 500 per cheque bounce + GST as applicable
  • Cheque/ Instrument Swap charges:Rs.500 per instance + GST as applicable
  • Prepayment/ Foreclosure Charges: Nil
  • Default Interest Rate: @24.00% per annum i.e 2% per month on the overdue installment.
  • Duplicate Amortization Schedule Charges: Rs 250 per instance + GST as applicable.
  • Duplicate Interest Certificate: Rs 250 per instance + GST as applicable

About Axis Bank

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

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Personal Loan

In Axis Bank Personal Loan process is easy and simplified. There are no extraordinary documents required for application and the list of documents required at the time of application and also post sanction of the Axis Bank Personal Loan is easily available for customers. Axis Bank Personal Loans are available in the range of Rs.100000 to Rs.40 lakhs. So individuals can avail a Personal Loan for any amounts from Rs.100000/-up to a maximum limit of Rs.40 lakhs. Unlike many other banks, Axis Bank makes sure that Personal Loan facilitation and approval process for each applicant is fast tracked without any unnecessary delays. Quick Form for Personal Loan in Delhi NCR.

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Special Features of Axis Bank Personal Loan

  • Axis Bank Existing Customers Having Saving Account, Current Account, Credit Card & Etc.
    • Discounted Rate of Interest
    • Low CIBIL Score Acceptable
    • Nil CIBIL Score Acceptable
    • Maximum Loan Amount with Minimum Fee
    • Low Salary Employees and Non Executives Eligible
  • Nil Closer Charges After 12 EMIs on Loan Amount should be 10 Lacs.
  • Part-Payment Allowed 90% of Loan Amount After 1 EMI 5% Charges.
  • Fastest Personal Loan Approval.

Benefits of Axis Bank Personal Loan

  • Maximum Loan amount: Get the maximum loan amount up to 40 Lacs.
  • Attractive Interest Rate: The interest rate is the amount that is charged on the principal amount by the bank to a borrower for the use.
  • Processing Fees: 0.50% + GST
  • Flexible Repayment: At Axis Bank, Personal Loan borrowers enjoy flexible repayment to choose tenure and amount of their choice. Loan tenure starts from 1 year to 6 years.
  • Minimum Documentation: Applying for Axis Bank Personal Loan is a hassle-free process which requires minimum documentation for loan approval.
  • No Security/ Collateral required: Axis Bank provides Personal Loan to the borrower without any security (residential/commercial property as collateral) or collateral.
  • Quick Processing Time: After the document is submitted then the loan approval process starts by the bank and verifies the document and also considers the borrower's financial situation before the loan approval. It generally takes 3 to 5 working days
  • Credit Shield which is the Loan Protection Program.
    • Repayment tenures from 12 to 72 monthsOpt for top-up loans at attractive interest rates and achieve the increased requirement for money easily. You can either consolidate it with an existing personal loan or treat it as a separate loan.
    • Prepayment of the loan is possible any time during loan tenure but it charges of 5% + GST

Documents Required

  • The income of the individual should be a minimum of Rs.25, 000 for availing a loan.
  • Application Form which needs to be filled completely stating the necessary details like the personal details, occupational details, income details, etc.
  • One Recent Passport size photograph
  • PAN Card
  • Current Residence proof (Like Adhar Card, Passport, Voter I-card, Any utility Bill
  • IF Customer is staying on rent then Permanent address proof also require
  • If a customer stays in a self-owned/Parental house then Ownership proof also requires an Electricity Bill, Water Bill, House Tax Receipt.
  • 3 Latest salary slips. The income of the individual should be a minimum of Rs.25 000 to be eligible for availing a loan.
  • Bank statement of the last 3 months ,which shows the banking activities of the applicant and helps in building the credit worthiness of the individual.
  • One Year Job continuity proof
  • Signature proof

Post-sanction / Pre-Disbursement Documentation
The bank requires other documents after sanctioning the loan and before disbursing the amount. The documents are as follows:

  • Security Cheques required for SI and ECS (6 cheques)
  • Loan Agreement duly signed by the customer
  • Documentary proof required from customers may vary from case to case.

Eligibility Criteria

  • Minimum Salary : Minimum Salary required Rs. 25,000/-
  • Age : Minimum of 23 when applying for loan and maximum of 58 at loan maturity.
  • Loan Amount : The Loan amount is 1 Lakh to 50 Lakhs for salaried individuals
  • Loan Tenure : 12 to 72 months
  • Minimum Service Period With Current Employer: One Year

General Information

Loan Amount: Rs. 1 Lac to 40 Lacs

Rate of Interest (APR)*: 10.25% to 14.50%

Repayment Tenure: 12 Months to 72 Months

Processing Fees: 0.75% to 2.50% + GST as applicable

Prepayment/ Foreclosure: Nil Closer on Loan Amount should be 10 lac After 12 EMI’s and Part Payment also Available after 1 EMI 5% Charges.


Illustration: Rs. 1 Lac loan on 10.25% with processing Fees for 72 Months comes to Rs. 1,34,296/- Equated Monthly Installment shall be: Rs. 1,865/- only.

* APR - Annual Percentage Rate

* Terms and Conditions Apply

Note:- Above offer is applicable only for fresh loan Customer with Cibil score less than 720 or 0/-1 will be charge as additional 1% ROI Company category depend on Bank internal listing

Different Purposes of Axis Bank Personal Loan

Wedding Expenditure

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loans are available to people looking to meet their wedding expenses in order to make the wedding a grand success.

Medical Emergencies

A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.

Balance Transfer

Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensures savings.

Credit Card Payment

The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

Travel & Tourism

Travel loan is a kind of Personal Loan that you can apply while planning a trip. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.

Home Renovation

Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

How to Reach us

Axis Bank Personal Loan FAQ's

  • Minimum age of applicant: 23 years
  • Maximum age of applicant at loan maturity: 58 years
  • Minimum Net Monthly Income: Rs 25,000
  • Loan Amount Offered: Rs 1 lakh to Rs. 50 Lakhs
  • Minimum Service Period With Current Employer: One Year
  • The income of the individual should be a minimum of Rs. 25,000 for availing a loan.
  • Application Form which needs to be filled completely stating the necessary details like the personal details, occupational details, income details, etc.
  • One Recent Passport size photograph
  • PAN Card
  • Current Residence proof (Like Adhar Card, Passport, Voter I-card, Any utility Bill
  • IF Customer is staying on rent then Permanent address proof also require
  • If a customer stays in a self-owned/Parental house then Ownership proof also requires an Electricity Bill, Water Bill, House Tax Receipt.
  • 3 Latest salary slips. The income of the individual should be a minimum of Rs. 25,000 to be eligible for availing a loan.
  • Bank statement of the last 3 months, which shows the banking activities of the applicant and helps in building the credit worthiness of the individual.
  • One Year Job continuity proof
  • Signature proof

Post-sanction / Pre-Disbursement Documentation
The bank requires other documents after sanctioning the loan and before disbursing the amount. The documents are as follows:

  • Security Cheques required for SI and ECS (6 cheques)
  • Loan Agreement duly signed by the customer
  • Documentary proof required from customers may vary from case to case.

Axis Bank Personal Loan Interest Rate, fees and Other Charges

Lowest Interest Rate 10.25%
Processing Fee 0.75% - 2.5% + GST (As applicable)
Loan Tenure 12 Months to 60 Months
Loan Amount Rs 1 Lakh to Rs 40 Lakhs
Part PrePayment Charges Allowed after 1 EMI’s, Nil Charges
Preclosure Charges Allowed after 1 EMI’s, Nil Charges
Guarantor Requirement No guarantor required

Other fees and Charges In Axis Bank Personal Loan

Loan Processing Charges 1.25% to 2.00% + GST as applicable
Cheque Bounce Charges Rs. 500 per cheque bounce + GST as applicable
Cheque/ Instrument Swap charges Rs.500 per instance + GST as applicable
Prepayment/ Foreclosure Charges Nil
Default Interest Rate @24.00% per annum i.e 2% per month on the overdue installment
Duplicate Statement Issuance Charges Rs 250 per instance + Service Tax as applicable
Duplicate Amortization Schedule Charges Rs 250 per instance + Service Tax as applicable
Duplicate Interest Certificate (Provisional/ Actual) issuance Charges Rs 250 per instance + GST as applicable
Stamp Duty Charges Rs. 50/- per instance per set+ GST as applicable
Issuance Charges for Photocopy of Loan Agreement/ Documents Rs 250 per instance + GST as applicable
  • Loan Amount & Tenure : Depending on your income and repayment capacity, decide upon the loan amount you need and for how much duration.
  • Eligibility: Checkout eligibility criteria of different banks and identify in which one do you fit the most.
  • Processing Time: For your immediate monetary requirements, knowing about the processing time of personal loan can be of great help.
  • Interest Rate & other charges: Your complete loan experience depends upon the interest rate, processing charges, prepayment charges and other such charges. Know them beforehand to take a well-informed decision.
  • Repayment History: Your financial health will define your credit worthiness. Make sure you have all the necessary documents to prove your strong credit history and income.
  • Documentation: Jot down the list of documents required to apply for personal loan.
  • Foreclosure: Do not ignore independent foreclosure policy and charges of different banks
  • Annual income:Again, since there is no collateral, the banks want to be assured that you have a sufficient income (from salary and other sources) that will allow you to make your monthly repayments. The higher your income, the better your chances of being approved for a personal loan.
  • EMI payment record: Lenders will look at your credit report to check if you have consistently demonstrated financial discipline and a pattern of timely EMI payments. If they see that you have regularly made payments and fulfilled your debt obligations, they will be inclined to view your loan application more favourably.
  • It is generally advisable to have a credit score of 750 or above to qualify for a Personal Loan. The higher your score, the better are your chances of being approved.
  • Your employment is also an important factor in the loan-approval process. Since personal loan customers do not provide any collateral, lenders need to make sure with the same employer for at least a year before you apply for a personal loan

With EMI calculator,you can calculate your monthly EMI or Equated Monthly Instalments that you’ll be liable to pay for your loan. Before you get a loan, you can calculate the EMI using the loan amount, interest rate and loan tenure, and it’ll show you precisely how much monthly payment you’ll be paying. Personal Loan, certainly, helps you to accomplish all your needs but always act smart, when it comes to applying and check all the aspects, including EMI.

Emi calculator allows you to do multiple other things. You can also use EMI Calculator to calculate EMIs for Home loan & Car loan . Your EMIs stay fixed for the full tenure of your loan. But, the components of your EMI, principal repayment & Interest payments, change with the tenure of your loan. But, the components of your EMI, principal repayment & Interest payments, change with the tenure.

EMI Calcutator

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CRM Loanmoney Services Private Limited is an Authorized Sales Channel Partner of multiple Banks & NBFCs including Axis Bank. CRM Loanmoney Services Private Limited facilitates the Personal Loan & its process from multiple Banks & NBFCs including Axis Bank through LoanMoney brand. LoanMoney helps you to embark on your dream at the right time with many Personal Loan opportunities available at multiple Banks & NBFCs including Axis Bank. Website visitor is advised to read below points carefully.

  • www.loanmoney.net.in is not an official website of Axis Bank. This website has been developed and maintained by LoanMoney for Marketing Purpose only. We suggest that visitors can visit the official site of Axis Bank www.axisbank.com for any information & clarification.
  • We are using this site for Internet Marketing purposes only. We only facilitate Axis Bank Personal Loan to the customer who enquires about getting a loan through Axis Bank.
  • We do not provide our own funds, or borrowed funds. The funds are of multiple Banks & NBFCs, therefore all terms and conditions are determined by Banks & NBFCs.
  • The rate, eligibility criteria, documentation, terms & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site www.loanmoney.net.in. Visitors are advised again to visit the official site of Axis Bank www.axisbank.com.
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Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by CRM LoanMoney Services Pvt Ltd, and does not provide any assurance for repayment of the loans lent on it. RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or the opinions expressed by the company and for repayment of deposits / discharge of liabilities by the company.

The information contained herein is only to enable the Lender to make a considered decision. Any decision taken by the Lender on the basis of this information is the sole responsibility of the Lender and LoanMoney is not liable. This information does not include any sensitive personal data or information of the Borrower. LoanMoney only facilitates a virtual meeting place between the Borrowers and the Lenders. The decision to lend is entirely at the discretion of the Lender and LoanMoney does not guarantee that the Borrowers will receive any loans from the Lenders. LoanMoney merely aids and assist the Lenders and the Borrowers listed on its website to make and receive loans and charges a service fee from the Lenders and the Borrowers for such assistance. LoanMoney is only an 'Intermediary' under the provisions of the Information Technology Act, 1999.

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