Axis Bank
Up to ₹40.00 Lakh
9.99% - 17.15%
1 - 5 Years
₹1%-1.5%
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 NowAxis 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 NowAxis Bank Processing Fees & Charges
| Particulars | Charges |
|---|---|
|
Processing Fees |
1%-1.5% |
|
Foreclosure/Part-prepayment charges |
For Loans Disbursed on or after April 1, 2024:
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 NowDocuments 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
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