•  Loading your search... Loading your search...
  • Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 2197 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
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with AXIS BANK 2 years back. The loan amount was 6 lakhs and the interest rate was 11% which is high . The tnrue period was 4 years . The process was very good and the possessing fee was 7000. My overall experience was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2018
    • Axis Bank Personal Loan
      "GOOD"
      0.5 3.5/5 "Pretty good"
      I have been using my PERSONAL LOAN from AXIS BANK since 30 months i am really happy to hold my loan from this bank. Because the thing is that there is no pre-closure charges applicable in this bank. But the rate of interest is very high when compared to the other banks but other than that everything is good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the loan amount was for Rs 5 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. There are no charges on preclosure and the tenure period is 4 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Axis. The whole application process was easy and hassle free. It took just 6 working days to disburse the loan amount to my account. The documentation was done digitally which was easy and convenient. Th EMI is paid online ..
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      The Axis bank personal loan service is quite average and they were ready to offer me the loan but the requested loan amount has not been approved , so that was the reason I have closed the loan application. the customer support service and the response is average here.
      Was this review helpful? 0
      , mettur
      Reviewed on May 18, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with AXIS bank few year back and my loan experience was good. The loan amount was based on my requirement and the rate of interest was nominal when compared to all other banks. Customer service was good and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , delhi
      Reviewed on May 17, 2018
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service is very good from the Axis bank and I have got the personal loan from axis bank around 6months ago. The customer support service and the response is very good with the axis bank. They have disbursed the loan amount within 3 days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the personal loan with Axis bank around 3 years ago. The customer support service and the response is good from the axis bank. I have got the loan amount with in a week time. The required loan amount ha been given and I am satisfied with it. The rate of interest as high when I got the loan from them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges and process should be smooth"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience with AXIS bank was not up to the mark, the loan amount was for Rs 1 lakh with high rate of interest and processing fees. The process took so long to complete. Customer service was average and their response was delayed. They did not inform about the hidden charges in this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 15, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service is quite good from the Axis bank. I have got the loan from taxis bank around 3months ago, The customer support service and the response is good from the axis bank. I have got the loan amount within 30minutres of time. , because it is a pre approved loan. The rate of interest and the chargers are average with the axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on May 14, 2018
    • Axis Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      Got my personal loan form Axis bank , they did quick documentation and approval process in 15 days . Rate of interest is also low compared to other banks, their customer service and response is good.Made payments through ECS .
      Was this review helpful? 0
      , secunderabad
      Reviewed on May 13, 2018
    • Axis Bank Personal Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      It has been over an year i had taken this loan, the loan amount which they had provided me was pretty satisfactory as well. It was overall a smooth process while taking the loan from them. It took nearly two to three days to get the loan amount. But the rate of interest which they have charged was quite high which is bout 20%.
      Was this review helpful? 0
      , phaltan
      Reviewed on May 12, 2018
    • Axis Bank Personal Loan
      "Process is good. High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      It was a easy process with Axis Bank for the personal loan. The customer services and response is good. The rate of interest is of 14.5% and the processing fees is also high when compared to the other banks. The documentation process is also good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 12, 2018
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The loan amount which i took from them was around two lakhs. It has been almost ten years it has been started. The rate of interest which they where providing was an average one. The whole process was very good, even the customer service was good.
      Was this review helpful? 0
      , namakkal
      Reviewed on May 12, 2018
    • Axis Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan with Axis bank and my loan experience was not good, the loan amount was for Rs 2 lakhs with high interest rate when compared to all other banks. Customer service is not up to the mark and their was no proper response. The tenure period for this loan is 48 months.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 10, 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 1.5 lakhs with good interest rate. The process was quick and i received my loan amount on time. I already have a salary account with this bank so minimum documents were required. The tenure for this loan is 2 years and we can preclose the loan anytime within the tenure period.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 08, 2018
    • Axis Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      Got my personal loan form Axis bank , they did quick documentation and approval process in 15 days .And their rate of interest is also low compared to other banks available in market, their customer service and response is good.Made payments through ECS .
      Was this review helpful? 0
      , bangalore
      Reviewed on May 08, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with AXIS bank was good, the processing fees and the rate of interest are very high in this bank. The loan amount was more than 2 lakhs and the customer service was good. The only benefit i found is there are no foreclosure charges for this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      There was delay in disbursing the loan amount from the Axis bank. I have got the personal loan amount from Axis bank around 15 days of time. The customer support service and the response is average there was not prior information. the rate of interest and the charges are high with the Axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on May 08, 2018
    • Axis Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Aixs bank I have taken the personal loan the loan got approved within the given period of time the bankers clearly informed about the loan payment everything the payment is done through the account and the interest rate is not too high with the bank compared to other bank this is affordable.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 03, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.