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
      "Good in the beginnning need to improve with the ending part"
      0.5 5.0/5 "Blown Away!"
      Axis bank Disbursed my loan in the promised time then I have paid back the loan amount . But there was no clearance certificate issued by axis, The customer service was average with Axis bank. They have disbursed my loan within a hour time. It was an instant loan which I got from Axis . The rate of interest is high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • Axis Bank Personal Loan
      "Good in the beginning need to improve with the ending part "
      0.5 5.0/5 "Blown Away!"
      Axis bank Disbursed my loan in the promised time then I have paid back the loan amount . But there was no clearance certificate was issued by axis, The customer service was average with Axis bank. They have disbursed my loan within a hour time. It was an instant loan which I got from Axis . The rate of interest is high when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • Axis Bank Personal Loan
      "Good Experience and customer friendly"
      0.5 4.5/5 "Excellent!"
      AXIS service is good, the executive who handle my personal loan they were very supportive and coordinative. Interest is also nominal, and there is no processing fee. More over I could close after the loan after two months without any charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Axis Bank Personal Loan
      "Awesome Services"
      0.5 5.0/5 "Blown Away!"
      Axis bank is also awesome for a personal loan. Apart from having a excellent process for the loan. There are the other benefits like a preclosure and part payment facility. I can make a part payment after two months and there is no lock in period for the foreclosure.
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      , bangalore
      Reviewed on Aug 16, 2017
    • Axis Bank Personal Loan
      "Very wonderful experience with AXIS"
      0.5 5.0/5 "Blown Away!"
      I got best offers from AXIS, their customer service is also very fast and prompt., they have disbursed the loan amount within the time. Compared to other banks, AXIS gave least interest rate and there was no preclosure charges and part payment options too.
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      , hyderabad
      Reviewed on Aug 16, 2017
    • Axis Bank Personal Loan
      "Satisfactory service and need to improve"
      0.5 4.0/5 "Great!"
      Once my personal loan got approved by Axis bank there was no proper follow up was made on the credit part. They haven't informed me about how the loan amount gonna credit to my account. The rate of interest is high when compared with other banks. The required loan amount has been approved and I am satisfied with it.
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      , bangalore
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      With Axis bank, the status of the product need to be informed to the customer, rather the service need to be transparent to the customers. I got the personal loan from axis bank, they have taken around 9to 12days for the whole personal loan process. The requested loan amount has been disbursed and I am happy with it. The terms and conditions are really good with axis bank personal loan.
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      , hyderabad
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      Axis bank has also offered me a personal loan and the process was smooth. The bank has always been satisfactory in the services they provide. The customer support has been quick in document collection and the disbursement was also as per my requirement.
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      , indore
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My personal loan with AXIS bank was pretty good. It met my exception level in all aspects of service. In term of interest and process fee was very least compared to other banks. They have offered me 14.99% rate of interest for 1.44 lakh loan amount, and I hav taken this loan amount 6 months back and with in 10 days loan got disbursed.
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      , chennai
      Reviewed on Aug 13, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Axis has approved my personal loan, they gave the loan with 1.25 % processing fee. I have requested to waive off the ! % too. There is no part payment charges and no foreclosure charges, we can close the loan anytime after a month. Within 3 days of time they have disbursed my loan, The axis bank service was prompt in regards to my personal loan.
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      , bangalore
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have received personal loan from Axis with different kind of offers, they are Firstly Low interest rate, secondly Lesser processing fee, Finally Low foreclosure charges. The customer service is really good with Axis bank. They have disbursed my loan within 2 days of time, I am happy with the loan amount.
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      , chennai
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Best offer in the market"
      0.5 5.0/5 "Blown Away!"
      When I applied for personal loan, they said it disbursed within certain time but it got vary. But I am happy about loan facility they gave me zero pre closure, zero processing fee with lower rate of interest. Documentation process was also hassle fee but they taken some time to disburse, that part should be work it.
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      , hyderabad
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Not happy with the service"
      0.5 2.0/5 "Expected more"
      The mistake I had done was, I went with third party agents for the personal loan. They directed me to the Axis bank. Throughout the loan process, I was informed that the interest rate would be around 13% from those agents so I accepted this loan happily and I had signed in the loan documents. At last in the final stage, I came to know that the interest rate for the personal loan is 20%. When I inquired with the bank, they told me that the interest rate is clearly mentioned in the documents where I signed across. I am very much disappointed because of this kind of service. Throughout the process, I was informed that the rate would be 13% so I did not read the entire loan papers.
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      , chennai
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "On time process"
      0.5 4.0/5 "Great!"
      The personal loan got sanctioned on time from Axis bank. It is much important that for an emergency purpose we are applying for the loan so if we got the loan on time then it would be good. Actually I took this loan about three years ago. Interest rate was something around 14%. But now it is closed.
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      , pune
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Moderate Service"
      0.5 3.0/5 "Satisfactory"
      Two and a half years ago, I had taken the personal loan from Axis bank. But my rating would be average for the bank because the only reason is, in all the banks they have loan top up kind of options. Axis bank do have this option but they kept some terms and conditions for top ups. Actually I approached the bank for top up after 9 months from the day I got the loan. they said since I have two cheque bounce they cannot provide the top up. But I had cleared all the over dues but still the bank is not supporting me to avail top ups.
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      , darjeeling
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Good in interest rate"
      0.5 5.0/5 "Blown Away!"
      I found the Axis bank provides the loan with lesser interest rate. Actually I approached ICICI bank first for the personal loan then I switched over to Axis bank because of the good interest rate which is 9.8%. Also the bank provides a good customer service as well.
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      , udupi
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 2.5/5 "Just OK"
      My personal loan is with Axis Bank and when I visited the bank for a statement they could have got online and given to me. Instead I was informed that it would take a day's time to get it and if send by courier it would take three to four days. It is not a good experience in all.
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      , gulbarga
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      AXIS executive regularly called me and gave me good response on personal loan process. I am very impressed with that, according to other bank AXIS is best in rate of interest. I took the loan of 1.6 lakhs for the tenure of three years, I am very fine with that.
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      , sambalpur
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Super"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan with the Axis bank for the interest rate as 18.5%, also their services are okay one for me. Response is fine one for me and the loan amount got disbursed to my account within ten days of time. Response is good one for me.
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      , erode
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Good interest rate"
      0.5 5.0/5 "Blown Away!"
      Recently I applied for the personal loan with Axis bank because the interest rate is 11.69% and the foreclosure charges are of 0%. I had submitted all my documents and it is in process. I always getting good response from the bank and no issues..
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 09, 2017
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    Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 1828 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% + 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.
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