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  • Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 2330 Users

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    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 2018 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 2018 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 2018 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 2018 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
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with the services of them with this loan. The loan amount which they had provided has been good and the interest rate has also been good. The interest rate with them has been nominal, which was around 15.99%. There has been some charges which they had made so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 19, 2018
    • Axis Bank Personal Loan
      "Customer friendly bank"
      0.5 5.0/5 "Blown Away!"
      They were clearly explained about the terms and conditions and interest rate. They have helped me to take the excess loan also. Their axis bank app is very good. The interest rate which they have provided is high which 13.99% and i have chosen the tenure period of 4 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2018
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the AXIS BANK and i have been using it from past two year. The process is good and simple to get the loan i git within 15days. The duration to repay the personal loan is for more 36 months. The rate of interest is higher than others which is 18%.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Good loan process"
      0.5 4.0/5 "Great!"
      They have given me a provided the interest rate of 14%. I have taken the personal loan 4 months before. The loan process was good and i have visited their branch for approaching this loan. They have given me a loan amount of Rs, 2 lakhs and I've been paying the EMI of Rs. 4,800. Overall, satisfied with the services.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Good loan process"
      0.5 4.0/5 "Great!"
      They have given me a provided the interest rate of 14%. I have taken the personal loan 4 months before. The loan process was good and i have visited their branch for approaching this loan. They have given me a loan amount of Rs, 2 lakhs and I've been paying the EMI of Rs. 4,800. Overall, satisfied with the services.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with AXIS bank and the experience was good, the loan amount was for Rs 3 lacs with nominal interest rate when compared to others. I received my loan amount on time without any hassle and the tenure period for this loan is 4 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with AXIS bank and the experience was good, the process was smooth and i received my loan amount on time. I am happy with the customer support and their response was fine. Rate of interest was nominal and there are no preclosure charges for this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with the services of them. The loan amount which they had provided has been satisfactory and the interest rate with them has been nominal when compared with the market rate. There has been some charges which they had made initially for the processing fees.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 15, 2018
    • Axis Bank Personal Loan
      "Recommendable personal loan"
      0.5 5.0/5 "Blown Away!"
      I don't have any problems with Axis Bank. They are giving exact and clear details for applying a loan and what kind of charges they are going to debit from customer's account. I have taken a loan amount of Rs. 1.5 lakhs. I am satisfied with the interest rate and processing fee provided to me.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 15, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of charges which they had been making.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 14, 2018
    • Axis Bank Personal Loan
      "Good In Service"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with with Axis and it was processed on time. There was no delay , i had even gone for top-up . Axis is good in terms of service, they provide you loan on instant if your documents are correct. Over all i had a good experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience i had with them has been good. The loan amount which they had provided has been satisfactory and the processing fee has been nominal. There has not been any charges which they had made but the only thing was that their interest rate has been very high when compared with the market rate.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS BANK , i took this loan before 4 month . This is very best service it just took 5minutes to get loan i just click on net banking within 5minutes i got loan . I use to pay EMI on time . There was little bad experience with this bank .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2018
    • Axis Bank Personal Loan
      "Good Processing"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS, second time I have taken the personal loan with them. The guys are responsible in the bank but for the personal loan the interest rate is high, however I am happy about the service they have disbursement the amount on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 12, 2018
    • Axis Bank Personal Loan
      "Interest rate should be nominal"
      0.5 3.0/5 "Satisfactory"
      From axis bank I have taken Rs.3 lakhs, they charged 22% of interest it was very huge and also they taken processing fee around Rs. 6000 from the disbursement. For the top up loan they charging high interest, I am not happy with the interest rate hence I switched over to HDFC.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Nov 12, 2018
    • Axis Bank Personal Loan
      "Best bank"
      0.5 5.0/5 "Blown Away!"
      Easy processing and quick loan I got loan amount after applying 3days. Less formalities zero prepayment closure and less interest rate. If anyone needed loan definitely I will recommend to go first axis bank. If you call to customer care they only come and do the needful
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 10, 2018
    • Axis Bank Personal Loan
      "If the interest rate is decreased then it will be excellent"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan in Axis Bank. The loan duration is 4 years. Am paying the premium as 6000 rupees, need to pay for another 3 years. The experience is good but the rate of interest is more 18%. The service is too fast and I got the loan in a single day.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 10, 2018
    • Axis Bank Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I have taken the personal loan with then AXIS BANK where they have given the rate of interest which is higher than others when compared. While applying for the loan they have said it is 18% and after getting the they have said me it is 24% which is very higher than others.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Nov 07, 2018
    • Axis Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the AXIS i ma satisfied with the process of getting the loan because i am holding the salary account so the process is quick to get the loan. The rate of interest is 18% in this bank. The service is good in this bank.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 04, 2018
    • Axis Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the AXIS BANK where the process of getting the personal loan is very simple and easy. They have provided the loan amount which is sufficient and also the rate of interest is 20% in this personal loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 03, 2018
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