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
      "Service quality not good"
      0.5 1.0/5 "Really Bad"
      The service quality was not good when it comes to AXIS Bank. The bank took around a months time to process the loan. Documentation process was completed on time. It was a problem from the bank side in processing the loan I am very much eager to get this loan from AXIS.
      Was this review helpful? 0
      , ahmednagar
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Process is fantastic & good payment methods"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan earlier with Axis Bank. It was a excellent process and they have the benefit of a part payment option. This option is very beneficial as I have already closes three quarter of my loan. The interest rate and charges is normal too.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Good prepayment options"
      0.5 5.0/5 "Blown Away!"
      I am allowed to make prepayment with AXIS, once in every 6 months I can make some partial payment that in turn lowered the interest component and it reduced the outstanding amount too there by EMI amount was reduced. Pre payment charges were very much applicable from 5% to 8% .
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      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Fast process and excellent service"
      0.5 5.0/5 "Blown Away!"
      Axis bank is the best bank to bank with. I have taken a personal loan and every day they followed up. The team provided me with the updates and the customer support is excellent. The interest rate and processing charges are also normal. I got the loan within three days.
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      , pune
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "It Was Good"
      0.5 4.0/5 "Great!"
      The service and experience i had with AXIS BANK was really good, I had taken this loan 9 months ago . the responsiveness from the bank side is real good i loved the experience . The only thing i did not like was that the EMI amount was quite a very high . it was a nice feeling over all .
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      , mumbai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with AXIS bank. The whole loan process took just 4-5 days and it was hassle free. The rate of interest was 13.49% which is good and they have provided door step services for the documentation collection. The loan amount also got disbursed with committed time and there is no charge for the pre closer .
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      , lucknow
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The axis bank has approved my loan within very short time and service is very customer friendly with Axis bank. The rate of interest is nominal with axis bank . They have disbursed my loan within 4days of time. The service is really customer friendly from Axis bank.
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      , panaji
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Interest rate with Axis bank personal loan is too high when compared with other banks. They have disbursed my loan amount within 10 days of time. The customer service gave average response in regards to my personal loan application. The rate of interest need to reduced by Axis in future.
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      , tiruchirapalli
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Unprofessional services"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Axis bank. Though I have a good credit report and my ITR is up to the mark and my documents are perfect. Just because I did not have a permanent home address, the personal loan was not processed. I would have appreciated if the bank has got back to me and informed me the status as I was waiting for this loan.
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      , ghaziabad
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When I approached AXIS bank for my personal loan , they have rejected my loan application due to my low credit score. I am impressed with their response and customer care . The rate of interest was 10.99% and I would like to rate 4 out of 5 overall.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Axis Bank Personal Loan
      "Good one"
      0.5 4.0/5 "Great!"
      Interest rate and processing fee charged by AXIS bank was relatively high but still I am okay with that the reason being though my credit score is less The bank was ready to offer the loan. Prepayment charges charged were 2% to 3% also I am okay with that.
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      , chennai
      Reviewed on Sep 20, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The axis bank gave better response than SCB in regards to my personal loan application. They have taken just 2 working days to disburse my loan amopunt. The rate of interest is low with Axis bank when compared with other banks. I am satisfied with the loan amount which I received from AXIS.
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      , chennai
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis bank services are pretty good. I do have the loan experience with Axis bank. They done with the personal loan within 4 days that was amazingly good. Interest rate is around 13.49% but the other benefits are good and the tenured is for 2 years of time the loan amount I have taken is 2 lakh rupees
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Loan process is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Axis Bank and the process was good. It was a immediate response and I got the loan without any kind of hassles. The interest rate and processing charges is also normal and the after loan services are good and smooth.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Banking services are good"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has been good in the banking services. It is a savings account. The online banking is the best as I do all my transactions on it. The customer support is also good and they are very responsive. Till date there has been no hassles or inconvenience.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan earlier from Axis Bank and the process is lengthy. The bank is also pretty high on the interest rate and processing fees. When I compare this bank with HDFC Bank, I would suggest HDFC to others and not Axis as they need improvement.
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      , salem
      Reviewed on Sep 16, 2017
    • Axis Bank Personal Loan
      "Satisfactied with the services"
      0.5 5.0/5 "Blown Away!"
      I have an earlier experience with Axis Bank for a personal loan and the process to get the loan was easy. I did not have a lot of paper work and the loan was also disbursed on time. Just that the bank is high on the interest rate and processing charges.
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      , hyderabad
      Reviewed on Sep 16, 2017
    • Axis Bank Personal Loan
      "Better rate of interest"
      0.5 4.0/5 "Great!"
      Axis banking services are okay with less interest rates and minimal charge i have applied personal loan with minimal rate of interest which has been disbursed in short period of time if you submit all correct documents to the executive who comes to your home and collects them .The processing fee is apt can be affordable .Overall not bad .
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      , new delhi
      Reviewed on Sep 15, 2017
    • Axis Bank Personal Loan
      "good for banking "
      0.5 4.0/5 "Great!"
      Availing any loan through AXIS bank is preservice no processing fee during the application when compared to other banks and the rate of interest is also according to the market norms also the tenure period is very good which is minimal and acceptable.
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      , kolkata
      Reviewed on Sep 14, 2017
    • Axis Bank Personal Loan
      "Response part needs to be improved"
      0.5 5.0/5 "Blown Away!"
      AXIS is also good, but rate of interest was nominal they are charging around 14% of interest for the personal loan, customer service is not upto the mark, I am not getting any proper response from them, I would like to suggest them to work on service part.
      Was this review helpful? 0
      , alibag
      Reviewed on Sep 13, 2017
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    Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 1891 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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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