Axis Bank Personal Loan

Axis Bank offers personal loans at competitive interest rates starting from 9.99% p.a.. You can easily apply online and get quick approvals with minimal documentation. Axis Bank also provides flexible repayment options, ensuring a smooth and hassle-free borrowing experience for both salaried and self-employed applicants.

Axis Bank

Axis Bank

Check Eligibility
Max. Loan Amt.

Up to ₹40.00 Lakh

Rate of Interest

9.99% - 17.15%

Tenure up to

1 - 5 Years

Processing Fee

₹1%-1.5%

Low Processing feeQuick Disbursal

Features & Benefits of Axis Bank Personal Loan

  • Flexible repayment tenures to suit your financial needs
  • Competitive interest rates starting from 9.99% p.a.
  • Balance transfer facility to lower EMIs for existing personal loans from other banks
  • Multiple repayment options, including RTGS, NEFT, and ECS
  • Minimal documentation and a hassle-free application process
Axis Bank Personal Loan Highlights
Interest rate

9.99%-17.15% p.a.
Loan Amount Up to Rs 40 lakh
Tenure Up to 5 years
Processing Fees 1%-1.5%

Apply for Best Axis Bank Personal Loan with MybankingTips

Apply Now

Axis Bank Personal Loan Interest Rate

Axis Bank personal loan interest rates start from 9.99% p.a.. The final rate offered depends on factors like the applicant’s credit score, income, job profile, and repayment history.

 

Axis Bank Personal Loan EMI Calculator

Total Repayment = Principal + Interest

Monthly EMI

Rs. 0

Total Interest

Rs. 0

Total Repayment

Rs. 0

 

How to Apply for Axis Bank Personal Loan Online

Axis Bank offers personal loans of up to ₹40 lakh through mybankingtips. You can also compare Axis Bank loan offers with other top banks like ICICI Bank, HDFC Bank, and Kotak Mahindra Bank.

Follow these 5 simple steps to apply:

Step 1: Start your application by entering your mobile number.
Step 2: Provide your employment details – salaried or self-employed.
Step 3: Complete secure verification using the OTP sent to your registered mobile number.
Step 4: Select the desired loan amount and specify the purpose, such as travel, medical expenses, education, or wedding.
Step 5: View personalized loan offers from Axis Bank, compare them with other banks, choose the best option, and apply instantly.

 

Types of Personal Loan Schemes Offered by Axis Bank (Offline)

Personal Loan for Wedding

  • Purpose: To finance wedding-related expenses
  • Loan Amount: Rs 50,000 – Rs 40 lakh
  • Tenure: 1 – 5 years
     

Personal Loan for Home Renovation

  • Purpose: To cover expenses for renovating, extending, or improving your home
  • Loan Amount: Rs 50,000 – Rs 40 lakh
  • Tenure: 1 – 5 years
     

Personal Loan for Travel

  • Purpose: To fund travel-related expenses such as tickets, accommodation, and food
  • Loan Amount: Rs 50,000 – Rs 40 lakh
  • Tenure: 1 – 5 years
     

Personal Loan for Higher Education

  • Purpose: To finance tuition fees and other education-related expenses
  • Loan Amount: Rs 50,000 – Rs 40 lakh
  • Tenure: 1 – 5 years

Apply for Best Axis Bank Personal Loan with MybankingTips

Apply Now

Axis Bank Processing Fees & Charges

Particulars Charges

Processing Fees

1%-1.5%

Foreclosure/Part-prepayment charges

For Loans Disbursed on or after April 1, 2024:

  • 3% + GST on the principal outstanding for EMIs paid up to 36 months
  • 2% + GST on the principal outstanding for EMIs paid above 36 months

Foreclosure fee is charged on the outstanding principal amount

Part-prepayment fee is charged on the part-prepayment amount

For personal loans disbursed on or after December 31, 2024, borrowers can prepay up to 25% of the outstanding loan amount each year without incurring any part-prepayment charges, after the payment of 12 EMIs. However, there has to be a gap of at least 12 EMI between such part-prepayments.

Repayment instruction/Instrument return charges

Rs 339 per instance + GST on dishonor of cheque/ECS/NACH/SI debit instructions

Swap Charges (Cheque/Instrument)

Rs 500 per instance + GST

Penal Charges

Financial Default*: 8% p.a. above the applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance). There would be no capitalisation of penal charges. Borrowers should note that financial default includes all types of financial defaults or irregularities with respect to their loan account.

Stamp duty charges

As per the Stamp Act of the respective states

Duplicate Amortization Schedule issuance charges

Rs 250 per instance per set + GST

Credit Information Companies Report issuance charges

Rs 50 per instance per set + GST

Duplicate statement issuance charges

Rs 250 per instance per set + GST

Issuance charges of Duplicate No Dues Certificate

Rs 50 per instance per set + GST

Loan Cancellation Charges

For loan cancelled within 0-3 days: Interest component (till the date of cancellation), stamp duty, processing fee, GST and other statutory charges would not be waived.

Loan cancelled after 3 days are considered as foreclosure.

 

Axis Bank Personal Loan Eligibility Criteria

Axis Bank sets eligibility based on age, job profile, and monthly income. The key criteria are:

  • Who can apply: Government employees (including central/local bodies), employees of private limited companies, public limited companies, PSUs, and doctors.
  • Age: Minimum 21 years at the time of application; maximum 60 years at loan maturity.
  • Income: Minimum Rs 15,000/month for Axis Bank customers and Rs 25,000/month for non-Axis Bank customers.

Apply for Best Axis Bank Personal Loan with MybankingTips

Apply Now

Documents Required for Axis Bank Personal Loan (Offline)

Applicants need the following documents:

  • Duly filled application form with recent passport-sized photographs.
  • KYC documents: Driving license, passport, Aadhaar card, NREGA job card (signed by state officer), voter ID, or letter issued by National Population Register.
  • Proof of birth date: Birth certificate, PAN card, passport, school leaving certificate, Aadhaar card, or driving license.
  • Signature proof: Passport, PAN card, or bank verification.
  • Income proof: Last 2 months’ salary slips, employment proof for 1 year, and last 2 months’ bank statements showing salary credits.

All documents must be self-attested.

Axis Bank Customer Care

  • Toll-free numbers: 1-860-419-5555 / 1-860-500-5555
  • Non-toll-free: +91 40 67174100

Apply for Personal Loan Across Various Loan Amounts

50000 Personal Loan 2 Lakh Personal Loan 4 Lakh Personal Loan 6 Lakh Personal Loan 15 Lakh Personal Loan 30 Lakh Personal Loan 50 Lakh Personal Loan
1 Lakh Personal Loan 3 Lakh Personal Loan 5 Lakh Personal Loan 10 Lakh Personal Loan 20 Lakh Personal Loan 40 Lakh Personal Loan 75 Lakh Personal Loan

Frequently Asked Questions

Everything you need to know about this personal loan

Axis Bank personal loan interest rates start from 9.99% p.a. and may vary depending on the applicant’s credit profile.

Government employees, employees of private/public limited companies, PSUs, and doctors are eligible. The applicant must be between 21 and 60 years, with a minimum monthly income of Rs 15,000 for Axis Bank customers and Rs 25,000 for non-Axis Bank customers.

Applicants need KYC documents, proof of birth, signature proof, income proof (salary slips, employment proof, bank statements), and a filled application form with passport-sized photographs. All documents should be self-attested.

Yes, self-employed professionals who meet the minimum income criteria and provide valid proof of income are eligible.

You can avail personal loans from Rs 50,000 up to Rs 40 lakh, depending on eligibility and repayment capacity.

The loan tenure ranges from 1 to 5 years, depending on the loan type and applicant profile.

Yes, Axis Bank provides a balance transfer facility for personal loans from other banks at lower interest rates.

For offline applications, loan approval and disbursal typically take a few working days. Pre-approved offers and digital applications may be faster.

Yes, Axis Bank allows prepayment and part-prepayment of personal loans as per the bank’s terms and conditions.

EMIs can be paid via ECS, NEFT, RTGS, or other modes as allowed by the bank.

Quick Links
Read More ▼

People also looking for

Credit Card Application Status | Credit Card Pin Generation | Student Credit Cards | Secured Credit Card | International Credit Card | Personal Loan | Credit Card Offers | Credit Card EMI | Credit Card Billing Cycle | Credit Card Cash Withdrawal | Credit Card for Beginners