Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 2068 Users

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    Axis Bank Personal Loan Interest Rates

    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.

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    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
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    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
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      I have personal loan with AXIS, initially they gave me 20% of interest and second time they gave me 18.5%. I have taken Rs. 2.05 lakhs now I paid for two years, but interest rate its should be reduced. Their documentation procedure was good they are crediting the amount on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 12, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS bank 6 months back. The loan amount was taken 3 lakhs and the 9interset rate was 13% which was very high than other banks. The tenure period was 3 years. The loan was approved on time and they have sanctioned the loan within the committed time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 12, 2017
    • Axis Bank Personal Loan
      "Process is easy. But high on the ROI and charges"
      0.5 4.0/5 "Great!"
      I have taken a personal loan of two lakhs from Axis Bank. Since I am a corporate account customer, the process was very easy. I did not have too much of paper work. The rate of interest was of 18.5% which is very high when compared to the other banks. The processing charges are high too.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 12, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Axis bank,they had offered the amount requested is 3 lakhs.Rate of interest is 15.67%.The customer service is not up to the mark as they need to work on it.The loan got credited within 15 days of time.they have deducted processing fees of 8000.
      Was this review helpful? 1
      , jaipur
      Reviewed on Dec 11, 2017
    • Axis Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Axis bank and it was a good loan experience. The loan amount was for Rs 2 lakhs with the rate of interest of 12% which is nominal when compared to all other banks. The tenure of the loan is 5 years. The process was very quick, it took 10 minutes for the loan amount to get approved. Customer service was good and they followed up correctly.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 09, 2017
    • Axis Bank Personal Loan
      "Looking for better offer"
      0.5 3.0/5 "Satisfactory"
      I took personal loan from AXIS based on the salary account, my principal was around Rs. 1. 4 lakh for the tenure of one year, I felt interest rate was high, they gave me 20.5% of interest for a year. It was huge compared to other bank, because they were offering around 11 to 12% of interest. It would be great if they reduce the interest.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 09, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Axis bank has offered me a personal loan , I got the loan around 1 year ago, The customer support is good with the Axis bank. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are high with this axis bank personal loan services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • Axis Bank Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was a OK OK experience with AXIS Bank for the personal loan i took . It was not a full approval i got on the loan amount . They charged extra for the fees . The Rate of interest was 14.99% they added . The Processing fee was 13K they charged . Pre closure option is there only after 6 months with no kind of additional charges
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • Axis Bank Personal Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      i took the loan on credit card and it was a good experience with AXIS Bank . The bank gave me a Full approval on the amount i asked for . The money got disbursed within 4 hours of time . The Rate of interest was 14.5% they charged . There was no processing fee charged on the loan . Over all it was a good experience with AXIS Bank for the loan on card process .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • Axis Bank Personal Loan
      "High rate of interest"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan from AXIS bank and the rate of interest was 18%. After one year i have closed this loan. The processing fee was 2.5% of the principal amount. For pre closure also they took 700 rupees. Their was too much of documentation process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2017
    • Axis Bank Personal Loan
      "The best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS Bank 11 months back. The loan amount was 60,000 and the interest rate was 11% which was satisfactory . The customer service and responses was up to the mark. The tenure period was 24 months here . The loan amount was very easy here. M overall experience was very good and Its recommendable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 04, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience with Axis bank was good overall, the loan amount was for Rs 2 lakhs with the rate of interest of 15.5% which is very high when compared to other banks.Customer service was good, they provided door step service for the collection of documents. The process was smooth and my loan amount was approved within 2 weeks. The rate of interest was high because the company was not listed.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2017
    • Axis Bank Personal Loan
      "OK OK EXPERIENCE"
      0.5 2.0/5 "Expected more"
      It was a OK OK kind of customer service i received form the AXIS Bank as a took a personal loan . the bank gave me a full approval on the amount i asked for and the rate of interest was 10.55% and the money got disbursed in a months time and the bank provided me pre closure option with no additional charges .the processing fee was charged as 0.25% and there were no extra charges for any other thing .it was OK OK experience but it could have been more better .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2017
    • Axis Bank Personal Loan
      "Interest is low"
      0.5 5.0/5 "Blown Away!"
      I always felt Personal Loan with Axis Bank is quite a good option to take. They gave me Rs.3 Lakhs as a Personal Loan to me and the whole process was quite short. They offered me a Interest Rate of 10.99%, which I felt is one of the best in the market.
      Was this review helpful? 3
      , faridabad
      Reviewed on Dec 01, 2017
    • Axis Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience with the axis bank as i took a personal loan from that bank .its been 2 months now that i am paying the emi of the loan .the bank gave me a Full approval on the amount i asked for . the amount got Disbursed in 15 working days .the Rate of interest was 13% and the processing fee was charged as 1% . the option of Pre closure was there but only after 6 months time only .
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 01, 2017
    • Axis Bank Personal Loan
      "Best one for personal loan"
      0.5 5.0/5 "Blown Away!"
      If you ask me, the best Bank to get a Personal Loan is Axis Bank, Firstly they will charge less for the processing fee, their Rate of Interest is quite low compared to other Bank. The best part of it all is that we can Pre-Close the Loan right after the first month EMI. Also there are absolutely no charges for pre-closing and part payment in the Loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 01, 2017
    • Axis Bank Personal Loan
      "Better"
      0.5 3.5/5 "Pretty good"
      I had taken the personal loan with the Axis bank and the interest rate was around 13.75%, also the customer service was good one for me with them. I am happy with the Axis bank personal loan service as everything is good one with the Axis bank...
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 01, 2017
    • Axis Bank Personal Loan
      "Good experience"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with AXIS bank which was taken 15 days back . The loan mount was above 3 lakhs and the interest rte was 13.99% which was very high in the market so I would not recommend to others. The tenure period was 4 years and I had a very good loan process here . They have provided door step service for collecting document so I am satisfied .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 01, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan with Axis bank.The loan amount is one lakh,rate if interest is 11% nominal as compared to others,tenure is for three years.I closed the application because documentation issues,they have responded well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 30, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan service directly from axis in the year 2015 during that time they provided me with a interest rate of 18 % which was high compare to others in the market and the documents have been submitted directly to their branch it was a fine experience with axis for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 30, 2017
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