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
      "Average Service"
      0.5 4.0/5 "Great!"
      Initially, Axis bank started well on the personal loan process. Customer service and responses are fine with them. But I got delayed service on loan disbursement. I faced some communication gap while they were confirming the interest rate. In all the service rendered by them is very much average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • Axis Bank Personal Loan
      "Satisfactory & hassle free"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has offered me a good deal on the personal loan. The customer services and response is good and the process for the loan is also smooth. I got the rate of interest of around 13.4% and the charges are minimal. There is also a zero preclosure fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Axis Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have a credit with Axis bank, so based on the credit card they have offered me a personal loan . The required loan amount has been disbursed by axis. Axis bank took around 7 days to disburse my loan. The customer service and the response is good with axis bank. I am satisfied with the axis bank service.
      Was this review helpful? 0
      , sonepat
      Reviewed on Jul 18, 2017
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The axis bank personal loan process went smooth, They gave a call and asked me about my requirement then they have checked my eligibility and they have asked for my documents process the loan. Within 2 to 3 days they have approved my loan and in the same week itself my loan got disbursed and they have sent me the loan kit after 15 days of time. The rate of interest is as per the market standards and I am happy about it. They have offered me the loan with the zero % fore closure charges and zero part payment charges as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 18, 2017
    • Axis Bank Personal Loan
      "Extremely High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from Axis Bank on two occasions. I received the loan on time as they contacted me and processed my details. Being an existing customer, I was not given any good deals on the interest rate and charges. So I foreclosed the loan in two years. My tenure was for a period of 4 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      Before 2 years , I had taken the personal loan from Axis bank. At that time the interest rate was around 16% which is little high, but they had sanctioned the loan on time. Now I want to take topup from Axis for which they said the interest rate would be 10.99% - 11.55%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Axis Bank Personal Loan
      "Better Service"
      0.5 4.5/5 "Excellent!"
      I had applied for the personal loan with Axis bank. It has been one month but still I am waiting for them to complete the process. Axis is the bank where I maintain my savings and salary account but I do not why they are delaying much. I had submitted my application at Trichy branch. It would have been better, if they would have completed the work on time.
      Was this review helpful? 1
      , erode
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Instant loan "
      0.5 4.0/5 "Great!"
      I would say the personal loan process with axis bank was quick and fast. They have disbursed the loan within 3 to 4 days. The customer service and the response is also very good with them. The required loan amount has been disbursed and I am satisfied with the loan amount. The rate of interest is average when compared with others. It has the advantage of part payment option but there are no fore closure charges too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      Axis bank has approved My personal loan as I hold a salaried account with Axis. The customer service and the response was good with Axis bank. They have disbursed my personal loan within 8 to 10 days. The rate of interest is nominal with axis bank. The required loan amount has been given and I am satisfied with the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      The whole personal loan process took 5 to 6 days of time. Within 2 days they have approved the loan then within next 2 days they have verified and disbursed the loan. The rate of interest is nominal when compared with other banks. The customer service and the response was pretty good with axis. The required loan amount has been sanctioned and I am happy about it. I am satisfied with the axis bank service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Without any obstacles my personal loan was processed with AXIS bank. It took three working days for the personal loan to get disbursed with AXIS Bank. As I am very much comfortable with the bank I would also suggest their services to others they have offered rate of interest of 12.99%.
      Was this review helpful? 0
      , vapi
      Reviewed on Jul 10, 2017
    • Axis Bank Personal Loan
      "Interest rate is high"
      0.5 4.0/5 "Great!"
      The rate of interest for the personal loan is around 13.49% with Axis bank. I availed the loan service but the interest rate is little bit higher with Axis when compared with other banks. Their customer service and their responses are pretty much good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 07, 2017
    • Axis Bank Personal Loan
      "Interest rate should be flexible"
      0.5 3.5/5 "Pretty good"
      Axis charging high interest of 18% on personal loan but Hdfc providing only 11% of interest. But Axis is good in notification they giving proper alerts to the customer. I have taken the loan of Rs. 1.5 lakhs with the EMI of Rs.3650 for tenure of five years.
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      , madurai
      Reviewed on Jul 06, 2017
    • Axis Bank Personal Loan
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      I applied for a loan and it was a very smooth process and got the money in just 1 day post receiving the message from Axis Bank of loan disbursal. Amazing experience. Cheers to Axis Bank! The interest rate is 10.99% plus this loan is insured i.e. if there is any mis-happening my family will not be liable to pay the loan back.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 06, 2017
    • Axis Bank Personal Loan
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      I just got only 1 call in concern to my personal loan application with axis bank. They haven't gave proper response to my loan application. The rate of interest and the other charges are really high when compared with others and they haven't even informed me about the interest rate. The customer service and the response need to be improved with axis bank. I am happy about the loan amount. The service need improvement with Axis bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2017
    • Axis Bank Personal Loan
      "Personal Loan "
      0.5 0.5/5 "Unacceptable"
      The Axis bank personnel did not process the loan immediately because they claimed the passport copy provided was not good enough. However, they confirmed that the loan was approved after 4 days when I wanted to cancel the loan application. This time they approved it without me submitting a new scan of the passport copy. So I did not understand why they claimed earlier that the passport copy wasn't good enough. Also they refused to confirm in an email that I wanted to cancel the loan. I am worried since I have given all the confidential documents and the approved loan should not be misused.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2017
    • Axis Bank Personal Loan
      "Best offer with worst customer service"
      0.5 3.0/5 "Satisfactory"
      I took personal loan from AXIS through third party agency, they taken some charges. Initially they offered me some interest rate during the loan process they increase the interest and also they charged higher processing fee. They didn't give clear information about the charges. Customer response should be improved but interm of offer AXIS is best in the market.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 04, 2017
    • Axis Bank Personal Loan
      "Not Approachable"
      0.5 1.0/5 "Really Bad"
      I had applied for the personal loan with Axis bank but the bank was not helped me in getting the loan. Actually I am an existing customer of Axis bank. But they are not willing to provide the loan which I requested for. Therefore, I am very much disappointed with AXIS.
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      , burdwan
      Reviewed on Jul 03, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the Personal loan with AXIS Bank and I am maintain a salary account with same bank so the rate of interest offered by them was 15% and I have taken this loan 5 years back and its going to end in next four days I have availed five lakh rupees loan and there was no processing charges also documentation part was also normal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 01, 2017
    • Axis Bank Personal Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      About six months ago, I had taken the personal loan from Axis bank. Interest rate is 12.5%. They processed the loan in a proper manner. I received good service for the loan process. Even the bank is very prompt while crediting the amount and it was sanctioned on time.
      Was this review helpful? 0
      , yavatmal
      Reviewed on Jun 29, 2017
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    Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 1811 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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.

    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% + GST 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
    Apply for Personal Loan

    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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