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
      "Excellent deal on the ROI"
      0.5 4.0/5 "Great!"
      My personal loan is from Axis Bank and it was a smooth process for me. The documentation was on time and the disbursement as well. The interest rate is around 11.39% which is one of the best rates currently in the market. The processing charges was normal too. There is a part payment facility which can be used after a month.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Customer friendly service"
      0.5 4.0/5 "Great!"
      The process was done in a processed way with Axis personal loan. There were regular follow up made by their executives and they understood the customer requirements. Good options were presented to the customers in regards to the personal loan. Within a week's time the loan has been disbursed by axis bank. The rate of interest is low , when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have a personal loan with the Axis bank and the interest rate is around 13.5%, also the loan amount got disbursed within a month of time. Response was good one with the Axis bank and the processing charges are also a good one with the Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Flexible interest required from a great Customer support"
      0.5 4.5/5 "Excellent!"
      One prime reason of balance transfer is high interest, I have other account with axis, they despised not giving best interest rate for an existing customer. They offered 18.5% of interest and when the all interest rate gone down, they didn't reverse it. Hence I done balance transferred to HDFC.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 20, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Four months before, I had taken a personal loan from Axis bank. I do hold a salary account with the same bank. Once I submitted my documents to the bank they processed the loan and it was all completed in a proper way. The interest rate levied by them was around 16%.
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      , gurgaon
      Reviewed on Jun 20, 2017
    • Axis Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Axis bank is the best for me as they are very responsive to a customer and they never let the customer down. I have taken a personal loan and I got the loan on time without me having to follow up. They also provided a good deal on the interest rate and charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Axis bank. Actually I hold savings account with them for more than 2 years. The interest rate is 16.25% which is high but I am happy with the bank in terms of the loan process. I do not have any issues with Axis bank especially for the loan service.
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      , paradip
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Recommendable Bank"
      0.5 4.0/5 "Great!"
      Axis is a recommendable bank for the loan process. I availed personal loan from them. They sanctioned the amount which they had committed. There is no foreclosure charges, partial payment option are there and very importantly there is no extra charges. I would definitely recommend Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Overall it was a good experience with axis bank. The executive and the axis bankers gave very good response. They told the loan process will take 3 to 4 days but they have disbursed the car loan within 48 hours. The axis bank executives were very cordial in concern to my car loan . The rate of interest is nominal with Axis bank. I am happy about the loan amount.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 17, 2017
    • Axis Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Axis bank and this bank has also been perfect for me in their services. The process for the loan is good and it is on time. Clear information was provided and the interest rate and processing me was consistent for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Nice services"
      0.5 5.0/5 "Blown Away!"
      I got a nice deal from Axis Bank for the personal loan. The process was without any hassles and the interest rate was normal. I was also charges a normal fee. I got this loan without any delay and I did not have to follow up as well. The after loan services are also satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I do hold a personal loan with the Axis bank and the interest rate was around 13.75%. The loan amount got disbursed to my account on an immediate basis also they had taken around one or two days of time. Processing charges were also a kind of okay for me.
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      , hyderabad
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      When I was need of loan at the time AXIS responded well, they have disbursed the loan amount with in three to four days of time. AXIS had provided an interest rate of 17% which is quit high but since it was in emergency basis I had to take it. They had given it for a tenure of 5 years and EMI is around 2684/-
      Was this review helpful? 1
      , mohali
      Reviewed on Jun 15, 2017
    • Axis Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      Axis bank is good in the rate of interest and other charges. Recently I approached the bank for the personal loan where the interest rate is 10.5% with no processing fee. When compared with other banks, Axis is good for the loan services. Customer service is good.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 14, 2017
    • Axis Bank Personal Loan
      "Interest has to be reduced as per market"
      0.5 3.0/5 "Satisfactory"
      I have pre closed the AXIS personal loan, my loan amount was Rs. 5 lakhs, without any extra charges I closed my loan and I got the NOC. Drawback was interest rate , AXIS offered me 18.5% of interest, it was very high compared to other bank. If they reduce the interest rate many customer can utilize their service.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan with Axis bank earlier and the process to get this loan was easy. The documentation part was very much nominal , the interest rate and processing charges were also reasonable. The after loan services is also good and no hassles.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Supportive Service"
      0.5 4.0/5 "Great!"
      I had taken the personal loan from Axis bank. This is the bank for my salary account. At that time the interest rate was 16% and it was normal that time. They done with the process in a good manner. Their customer approach and support is really good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Excellent customer service"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Axis bank and the rate of interest was around 13.5% and the loan amount got disbursed within four days of time. Response was good time and the processing charges were around 1% from the total capital amount.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 10, 2017
    • Axis Bank Personal Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      The axis bank gave very good response in concern to my personal loan application. They took around 10 days to disburse my loan. The process went smooth, the axis executives came and collected my documents in concern to my personal loan. The rate of interest is high, when compared with other banks.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 08, 2017
    • Axis Bank Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      When I have applied for the personal loan with axis bank, the very second day the axis executives came for the verification process, and within a week time my personal loan got disbursed with axis bank. The rate interest was nominal with Axis. I am satisfied with the loan amount . Overall I would say, axis gave a better service.
      Was this review helpful? 0
      , nuzvid
      Reviewed on Jun 07, 2017
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    Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 1783 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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% + Service Tax 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
    Personal Loan Offers

    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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