Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Axis Bank Personal Loan Interest Rates Reviews

    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the Axis bank and the rate of interest was around 14.5% and the processing charges were okay with them. I would like to suggest that they can make lesser rate of interest for the customer, so that they can make the business. Customer service is fine one with them.
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      , gurgaon
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Axis bank and the rate of interest is around 18.9%. The loan amount got disbursed within twenty days of time. Response is good one with them and the processing charges were lesser one with the Axis bank.
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      , chennai
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Axis bank provided the personal loan for the interest rate of 12.5%, they approved the loan within 48 hours. Everything they had done well they processed the loan, approved it and disbursed it on time but the only drwaback is they provided the loan for 3.2 lakhs which is not required for me and they could have atleast told me that they can provide for 3.2 lakhs. Without getting my confirmation they processed it for 3 L. Actually I applied for 1 lakh, so again I followed them and converted it for one lakh. But they are good in responding and they have done the loan process within 4 days.
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      , hyderabad
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Hassle free serivce"
      0.5 4.0/5 "Great!"
      AXIS loan process is good they have sanctioned the amount within three days of time. I have personalized account with AXIS, I just submitted normal documents like three months salary slips, KYC document and bank statement. They approved the loan for 11% on personal loan.
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      , narwana
      Reviewed on May 26, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Applied personal loan with AXIS bank, they have explained me about the product and they have also sent the executive to collect my documents, after the documentation there was no response from axis bank. I would like to say the Axis bank service is really good apart from the response part.
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      , new delhi
      Reviewed on May 26, 2017
    • Axis Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Axis processed the loan in very short time, within seven days of time they have disbursed the amount. I have taken the loan amount of 7 lakhs with interest rate of 14% for the tenure of five years. At time it was very urgent hence I took it for same interest rate.
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      , hosur
      Reviewed on May 25, 2017
    • Axis Bank Personal Loan
      "Interest rate has to be reduced"
      0.5 2.0/5 "Expected more"
      Last August I had taken personal loan from AXIS, they charged me 20% on personal loan, I had taken the loan amount of 1.50 lakhs with fixed interest for the tenure of five years. I am planning to close the plan shortly but as of now I didn't face any difficulties.
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      , kanchipuram
      Reviewed on May 25, 2017
    • Axis Bank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      Recently I applied personal loan in AXIS bank, they offered 16% of interest rate. Their executives came and the documents then there was no response from their end, They didn't give any another option to take loan. Finally application got rejected.
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      , hyderabad
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Axis bank and am going to close it . The rate of interest was okay on that time like it was before five years of time, also the benefit was that there were no foreclosure charges and the partial payment charges. Processing charges were around 1.5% of the total capital amount, also its an acceptable one.
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      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Excellent Experience"
      0.5 5.0/5 "Blown Away!"
      My first impression with AXIS is really good, they offered me best interest rate on personal loan. Their loan process is also good, after a month also I can do part payment or preclosure without any charges. As of now I didn't face any difficulties with AXIS everything excellent.
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      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I had a personal loan experience with Axis bank for past 4 years ago. They took around 15 days to disburse my personal loan . The rate of interest is nominal with axis bank. Overall I am happy with the loan amount. The service with axis bank is average.
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      , mysore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "Good service with better executives"
      0.5 4.0/5 "Great!"
      When I have applied for personal loan with axis bank, I got a prompt response with axis bank and there executive made a call and spoke about the product briefly. They came to my place to collect the documents . After the documentation the loan is on process right now. Overall axis bank gave me a satisfied service. The executives are really helpful and supportive with Axis bank.
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      , bangalore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "High ROI & charges"
      0.5 4.0/5 "Great!"
      My earlier experience with Axis Bank for a personal loan was really good. I wanted them to close this loan as the bank is very high on the interest rate and charges. They offered me a rate of around 24% which is extremely high when compared with other banks.
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      , bangalore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Interest rate is 13% for the personal loan with Axis bank. I had taken this loan quite long back. The process went good without any constrains. The bank executive was so cooperative to process my loan. Their customer service is excellent as well.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2017
    • Axis Bank Personal Loan
      "Satisfied service"
      0.5 4.0/5 "Great!"
      The axis bank customer service gave good response and follow up in concern to my car loan. The process went in a good way and the documentation process done in a processed way , The Axis bank executive came to my place and collected my documents. The rate of interest is nominal comparatively. Finally I can say it was a good service.
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      , chennai
      Reviewed on May 17, 2017
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      Three years ago, I availed loan from Axis bank which is personal loan. I did not receive proper communication from the bank on EMI amount, date and calculations. Also they offered very high interest rate, I believe it is 14 or 17% but higher than other banks. I am disappointed on the loan service.
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      , hyderabad
      Reviewed on May 16, 2017
    • Axis Bank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I have salary account with AXIS bank, hence they have provided pre approved loan. But AXIS rate of interest is higher than ICICI. My loan amount was Rs.1 lakhs with tenure of 18 months, still it is running. As of now I didn't face any issue with them.
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      , murshidabad
      Reviewed on May 12, 2017
    • Axis Bank Personal Loan
      "Charges should be competitive"
      0.5 3.5/5 "Pretty good"
      AXIS loan process is much faster than Standard chartered, documentation process was also very quick. But AXIS charged a high processing fee and interest rate for the personal loan. I had taken the loan amount around 5.5 lakhs before two years. But there is no preclosure option and they should enable it.
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      , bangalore
      Reviewed on May 12, 2017
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan during the year 2016, AXIS charged the interest rate around 13% which is the best, Bank completed the loan process on time. I had taken the loan of Rs.4 lakhs, AXIS have given the part payment or preclosure without any charges, I could close my loan at any time.
      Was this review helpful? 1
      , gurgaon
      Reviewed on May 11, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am having the personal loan with the Axis bank and the interest rate is bit a high when compared with others.The loan amount got disbursed within five days of time The rate of interest was 16.2% The processing charges was 2500 and EMI is around 2482 and it is for 60 months
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 07, 2017
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    Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 1742 Users

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    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Overview of Axis Bank Personal Loan

    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 Loan Interest Rates

    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.

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    Axis Bank Personal Loan Interest Rates 2017

    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% + Service Tax as applicable
    Age Between 21 to 60 years of age
    Prepayment Charges Nil
    Foreclosure Charges NA

    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:

    YearPrincipal 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.
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