Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 2282 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Axis Bank Personal Loan Interest Rates

    Axis Bank Personal Loans are particularly designed to meet your personal expenses. Axis Bank offers personal loans at attractive rates of interest by using which you can accomplish a lot of things such as funding your children’s education, arranging a wedding, buying travel packages, renovating your house etc. You can apply for an Axis Bank Personal Loan Online or manually by visiting the nearest branch of Axis Bank.

    Perfect Personal Loan Deals for you

    Axis Bank Personal Loans come with competitive rates of interest. However, Axis Bank may take into consideration the following factors - your income level, eligibility, repayment capacity and your relationship with the while finalizing its personal loan interest for you. The interest rates offered by Axis Bank on personal loan in 2015 range from 15.50% to 24%. The interest rates offered by the bank are subject to change from time to time.

    Axis Bank Personal Loan Interest Rates 2018

    Particulars Salaried
    Interest rate 15.50% to 24% p.a.
    Loan Amount Min: Rs 50,000; Max: Rs 15 lakh.
    Loan Tenure Min.: 12 months; Max.: 60 months
    Lowest EMI Rs 1325 (At lowest amount with highest tenure)
    Processing Fee 1.50% to 2.00% + GST as applicable
    Age Between 21 to 60 years of age
    Prepayment Charges Nil
    Foreclosure Charges NA
    Apply for Personal Loan

    How to Calculate Interest/ EMI on Axis Bank Personal Loan?

    There are three ways of calculating Axis Bank Personal Loan EMIs and interest rate on your personal loan. You can calculate it by using the mathematical formula, or an excel or the EMI calculators provided by various banks and financial organizations. Calculating EMIs by using an EMI calculator is very simple. What you have to do is to put the following details in the EMI calculator - the principal amount, rate of interest on the principal amount, tenure of the loan and processing fees if applicable. When you put these details in the EMI calculator, the calculator will immediately reveal your monthly EMIs on Axis Bank Personal Loan as well as the loan amortization table which will provide you a breakup of the whole repayment procedure. Calculation of EMIs is based on four major factors which include the principal amount, rate of interest on the principal amount, tenure of the loan and the method of computation.

    Example: If you take a personal loan of Rs.1 lakh form Axis Bank for 5 years at 15.50% and you pay a processing fees of 1.50%, you will the repaying following principal and interest amounts on yearly reducing balance to Axis Bank:

    Year Principal paid (Rs.) Interest paid (Rs.) Balance amount (Rs.)
    Year 15,7146,31394,286
    Year 215,30713,55678,979
    Year 317,85511,00761,124
    Year 420,8308,03740,296
    Year 524,2984,56816,000

    Factors Affecting Axis Bank Personal Loan Interest Rates

    Your Axis Bank Personal Loan interest rate 2015 may get affected by a number of factors. Listed below are the main factors that may affect Axis Bank Personal Loan interest rates:

    • Nature of your job: If your job is permanent and income level is high, Axis Bank may choose to offer high amount of personal loan at lower rate of interest. However, the bank may have different parameters of granting personal loans to self-employed individuals, salaried and other categories like category A and B applicants.
    • Loan tenure: Axis Bank may charge lower rate of interest on personal loans taken for long tenures and high rate of interest taken for short tenures.
    • Relationship with Axis Bank: Your relationship with Axis Bank can be one of the important factors that may affect your personal loan interest rates . If you have a good relationship with the bank, Axis Bank may charge reduced rate of interest on your personal loans. By continuing a steady relationship with Axis Bank and paying your previous debts on time, you can win the trust of the bank.
    • Loan repayment capacity: Another factor that may affect your Axis Bank Personal loan interest rate in 2015 is your capacity for loan repayment. If Axis Bank thinks that you are capable of repaying your loan on time, it may offer your reduced rate of interest.

    How CIBIL Score affects your Axis Bank Personal Loan Interest Rates

    CIBIL score plays an important role in determining your Axis Bank Personal Loan Interest Rate. A good credit history enables you to have a good CIBIL score and you can maintain a good credit history by paying all your debts on time and opting for a mixture of secure and unsecured debts. Normally, banks consider 750 as desirable credit score for loans. If you have a credit score of 750 and above, you may expect to receive reduced rate of interest on your Axis Bank Personal Loan interest rate, compared to person whose CIBIL score is lower than that.

    Key things you should know about Axis Bank Personal Loan interest rates

    Before you apply for a personal loan in 2015 with Axis Bank, you need to know certain key things which include:

    • Know how to calculate your EMIs on Axis Bank Personal Loan. This you can easily do by using a Personal Loan EMI Calculator.
    • Know the exact amount of interest you will be paying on the principal amount at the end.
    • Find out if any hidden charges are involved in the loan.
    • Understand the difference between fixed rate and floating rate of interest and choose your Axis Bank Personal Loan Interest Rate as per your repayment capacity. In fixed rate personal loans, you pay a fixed rate of interest on the principal amount for the whole tenure whereas in floating rate personal loans, your interest payment may change.
    • You should also know whether Axis Bank ask for security or collateral to grant you a personal loan or not.

    Axis Bank Personal Loan Interest Rates Reviews

    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Axis bank and the process to get the loan was smooth and easy. They contacted me on time and provided the loan on time as well. The interest rate and processing charges is normal. In all there has been no issues till date.
      Was this review helpful? 1
      , vadodara
      Reviewed on Sep 18, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS BANK 6 months back. The loan amount was 2 lakhs and the interest rate was very high . The rate of interest was 11.5%which is satisfactory .I am completely happy with the service here since there is no inconvenience faced at all. They have sanctioned the loan with in 3 days.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 18, 2018
    • Axis Bank Personal Loan
      "Not so prompt customer service"
      0.5 3.0/5 "Satisfactory"
      I had taken an instant personal load of rupee 25000 for 9 months. I got an app notification for this pre-approved instant loan and I applied. All installments were auto debited but load didn't close. I called the Customer care multiple times to close the account but irresponsive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 17, 2018
    • Axis Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience i had with this loan and the loan amount which they had provided also had been good as well, but the interest rate had been on the higher end when compared with the market rate. Their customer support also had been responsive as well and there has not been any hassle faced with them so far.
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 17, 2018
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has given me the benefit for a personal loan. The customer services and response is good. The rate of interest is of 11% and there were no processing charges as well. The after loan services is also good and it has been a hassle free process.
      Was this review helpful? 4
      , mumbai
      Reviewed on Sep 15, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS BANK 1 year back. He loan amount was 2.8 lakhs and the interest rate was satisfactory . The tenure period was 3 years. The customer service and responses satisfactory . There is no inconvenience faced .The loan amount was approved on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 15, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      It was a good experience with AXIS bank for personal loan, the loan amount was for Rs 2.40 lacs with high interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is 4 years and they charge 2% of the principal amount for preclosure.
      Was this review helpful? 4
      , lucknow
      Reviewed on Sep 08, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      It was a good experience with AXIS bank for personal loan, the loan amount was for Rs 2.40 lacs with high interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is 4 years and they charge 2% of the principal amount for preclosure.
      Was this review helpful? 3
      , lucknow
      Reviewed on Sep 08, 2018
    • Axis Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through AXIS BANK , they provide 14% rate of interest and it is nominal in the market . There is no hidden charges taken with this bank .I use to pay 4757 as EMI and tenure period is 5year . The processing fee is 2000 and they gave preclosere option is there .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Sep 07, 2018
    • Axis Bank Personal Loan
      "Super fast service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan from the Axis bank,The experience was superb, they were very fast. The interest rate was very high. The loan is still running and I am impressed with their fast services, It was a hassle free personal loan experience with the ICICI bank.
      Was this review helpful? 3
      , guntur
      Reviewed on Aug 31, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 2 lacs with little high interest rate when compared to others. Part payment is allowed for this loan but they charge 2.8%-3%. Customer service was good and they responded on time.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 30, 2018
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken AXIS BANK personal loan , my loan experience was good with this bank . The customer support services and their follow up is satisfactory . They provide me with 200000 of loan amount . There is no hidden charges . They have charge 1.8% of processing fee and even there is preclosere option . I am not happy with rate of interest it is 14.5% and its too high .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 30, 2018
    • Axis Bank Personal Loan
      "Better loan"
      0.5 4.0/5 "Great!"
      Rate of interest they have given is 14%, i am ok with it, its been two years i have taken this loan, it will get auto debited from my salary account customer service everything is good with them, that also will get auto debited from the application itself, processing and all is fine.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 29, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've taken a personal loan form the AXIS bank for 2 lacs. The experience was good, I got the loan amount with in 1 week and the interest rate was 13%. It was a smooth experience in taking a personal loan form the AXIS bank.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 29, 2018
    • Axis Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      Axis Bank is good in the personal loan too. They provided the loan without any issues. The customer services and response is good and there are no hassles in the documentation. The interest rate and charges is normal too. The after loan services is fine.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Aug 29, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with AXIS bank, the loan amount was for Rs 2 lacs with nominal interest rate when compared to other banks. There are no additional charges for preclosure. Customer service was good with AXIS bank and the tenure period is 3 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 27, 2018
    • Axis Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Axis Bank and I wanted to close the same. I could not do it online and I was asked to visit the bank which is quite a hassle. These are all small things which can be done online. It has not been a good experience with the loan.
      Was this review helpful? 4
      , new delhi
      Reviewed on Aug 27, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      In axis bank also i have taken personal loan for three years tenure, the documentation and processing was smooth as i also have relationship with this bank for past ten years, in this loan the rate of interest is little high when compared with tata capital, it will get auto debited from my savings account.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 23, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The tenure period for this loan is 4 years and there are no preclosure charges.
      Was this review helpful? 4
      , bangalore
      Reviewed on Aug 17, 2018
    • Axis Bank Personal Loan
      "average"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan with AXIS BANK . I am not happy with customer service because they misguide me initially they said low rate of interest but later they charged 14% . There is no hidden charges. I use to pay EMI on time and tenure period is 4years. Processing fee is 2500 and it is nominal. My loan amount is up to the mark .
      Was this review helpful? 2
      , lucknow
      Reviewed on Aug 16, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.