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 2250 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 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Axis bank its instant approved loan through their mobile application. . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 2 years . They did quick documentation and received the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 17, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS Bank 6 months back. The loan amount was lakhs and the interest rate was very high but the service was amazing . The tenure period was 36 months. I had a very hassle free process and smooth documentation.There is no processing fee and the pre closure is allowed after 6 months.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 13, 2018
    • Axis Bank Personal Loan
      "Easy to take loan from Axis"
      0.5 5.0/5 "Blown Away!"
      I have taken this personal loan 3 months back. I have applied the loan amount of Rs. 2.5 lakhs and they have sanctioned the same. They have credit the money after deduction of GST, Processing fee and insurance. They have offered me a interest rate of 14% and processing fee of 2%. I have received my loan on time. I'm paying the EMI of Rs. 8950.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 12, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with AXIS bank and my experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Processing fees were nominal and the customer service was good. The tenure for this loan is 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS bank 1 year back. The loan amount was 2 lakhs and the interest rate was bit high . The EMI period was 3 years . I had a good and hassle free process. The documentation was very simple and the processing fee was 2%. There is no delay in sanctioning the loan here.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the axis bank which they approved in 7-8 day and the amount is reflected in next day ,its instant approve process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 3 years and i make the payment monthly though ECS. There are processing fees which is on the higher side.
      Was this review helpful? 1
      , greater noida
      Reviewed on Jul 10, 2018
    • Axis Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken this loan a very long time back and it had been closed in the year of 2016, the process in getting the loan had been good and the loan amount which they had provided had been satisfactory. The interest rate with them also had been good, but during the time of closing the loan there has been some delay made from their side.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the staff responses had been very good. The interest rate with them had been less when compared with the other banks in the market. The loan amount which they had provided also had been good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 10 lakhs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure for this loan is for 5 years.
      Was this review helpful? 0
      , ratlam
      Reviewed on Jul 06, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with AXIS Bank 2 months back. The loan amount was 3 lakhs and the interest rate was satisfactory and the tenure period was 5 years. The customer service and responses was very quick. The documentation was also very smooth.The processing fee was also nominal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 05, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with AXIS Bank 2 months back. The loan amount was 3 lakhs and the interest rate was satisfactory and the tenure period was 5 years. The customer service and responses was very quick. The documentation was also very smooth.The processing fee was also nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 04, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the Axis bank which they approved in 10 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is nominal one . They provided the tenure period of 5 year and i make the payment monthly though ECS. There is nominal processing fees also,
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 03, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Got my personal form Axis bank , as the rate of interest is High. Paying the payments through Ecs . Got approved in just 10-15 days as instant approval process there is processing fees for the personal loan with tenure period of 5 years . Their customer service and response is good regarding personal loan.
      Was this review helpful? 0
      , satna
      Reviewed on Jul 03, 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 2 lakhs with nominal interest rate when compared to other banks. Documents were collected on time and the customer service was good. The tenure for this loan is for 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 01, 2018
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I had applied this loan for my home renovation but they had rejected it due to the credit score which i had. Their customer support has been okay but they did not explain me the exact reason for the rejection. It would have been good if they have informed the reason so that we can improve it in the future.
      Was this review helpful? 0
      , salem
      Reviewed on Jun 29, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the loan amount was for Rs 1.20 lakhs with high interest rate of 16%. The process was smooth and i received my loan amount on time. Customer service was good with AXIS bank and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 29, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a personal loan for 2.8 lacs from the Axis bank. The interest rate was high. The tenure of 5 years. I am paying 7418 Month.The EMI gets auto debited from the account. Overall it has been a very good process of taking a personal loan from the HDFC bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had while taking this loan has been very good. The loan amount which they had provided had been very good and the process in getting the loan has been good and there has not been any issues faced. But the interest rate with them had been a little high compared with the market rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 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 lakh with nominal interest rate when compared to all other banks. Customer service was good and they followed up on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 25, 2018
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have used the personal loan from the AXIS BANK. From last one year that i am using the loan. The rate of interest is 11.25% that i am having in my personal loan and it is the normal interest rate. Apart from that i done the documentation i have done it through the doorsteps.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 24, 2018
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