Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Axis Bank Personal Loan Interest Rates is Rated as "Excellent!" by 2395 Users

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    Axis Bank Personal Loan Interest Rates

    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

    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.

    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 2018 range from 15.50% to 24%. The interest rates offered by the bank are subject to change from time to time.

    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 1 5,714 6,313 94,286
    Year 2 15,307 13,556 78,979
    Year 3 17,855 11,007 61,124
    Year 4 20,830 8,037 40,296
    Year 5 24,298 4,568 16,000

    Factors Affecting Axis Bank Personal Loan Interest Rates

    Your Axis Bank Personal Loan interest rate 2018 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 2018 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 2018 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
      "Best service "
      0.5 5.0/5 "Blown Away!"
      MY personal loan was taken with AXIS BANK . The rate of interest is too high it is 13.5% compare to other even processing fee was too high here . They should keep their interest rate in par with other banks in the market. Overall it has been a good experience with the AXIS BANK .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Best service "
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS BANK . The rate of interest and processing fee was too high it is 13.5% . I did not had any problems and uploaded the documents online. I got the loan easily. Its happened within few days . It is paperless approval which is the best of this loan . 
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this Personal loan has been quite okay and the loan amount which they had provided has been sufficient. The interest rate with them has been quite nominal when compared with the market rate and there has not been any hidden charges which they had made so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with Axis bank,they have given me sufficient loan amount,and the rate of interest they have charged me up to 13% it is not fixed,it varies according to market rate, and they have not charged me processing fee as it is zero processing fee, and the loan is still running,overall service is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Great Service"
      0.5 5.0/5 "Blown Away!"
      Before five years I had closed my personal loan with AXIS, at the time I need to fill lots of documents for loan approval. Now a days everything comes online. As a customer now I could see the differentiate interest rate but its higher side anyway I don't have other go.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been using my personal loan with Axis bank for long time,they have given me sufficient loan amount, that time i need of money, so that time i got sufficient as per my requirement i got loan, and the rate of interest they have charged me was too high they have charged me up to 20% and the processing fee they have charged me was nominal,and still this loan is running,there is no hidden charged they have taken from me yet.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • Axis Bank Personal Loan
      "Reduce the charges"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan in Axis Bank before 4.5 years back and its been completed before 5 to 6 months have taken top-up loan. The customer service is very good. The charges are more compared to other banks. The loan duration is 5 years. Monthly installment is 5600 rupees through net banking.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 14, 2019
    • Axis Bank Personal Loan
      "More than satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Axis Bank. The process was good to close the loan. I went to the bank to close the loan and within ten minutes it got closed. It was a very fast process. They said that I will receive the NOC within seven days but I got it on the sixth day itself.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      There was some difficulty which i had faced to change the ECS date and i had requested to change it. The process in getting this loan has been quite good and the interest rate with them was around 11.5% and there has not been any sort of additional charges which they had made so far.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 11, 2019
    • Axis Bank Personal Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and and thats when i applied with Axis bank. The interest rates that i had on my personal loan was reasonable. Services were satisfactory in Axis and i am happy about it. I have completed the loan tenure successfully.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 11, 2019
    • Axis Bank Personal Loan
      "High Interest Charges"
      0.5 3.0/5 "Satisfactory"
      At the time when i was planing for a personal loan i had applied with Axis Bank.. There was a delay in the procedure and later it got approved.. The interest rates on my personal loan were too high, it was 18% and also it was a fixed interest rate..
      Was this review helpful? 3
      , chennai
      Reviewed on Jan 11, 2019
    • Axis Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      Previously I had personal loan with AXIS, before four years I took that loan. At the time the interest rate was very high. They respond very well on the customer queries on the loan part . Only concern about the interest rate it would be great if they reduce it.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2019
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I directly approached AXIS Bank for the personal loan before four years I have done lots of documents. The guy who interacted with me gave me the door step service I am very happy with that professional service, but the interest rate is quite high anyways it helped me a lot.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 09, 2019
    • Axis Bank Personal Loan
      "They need to improve their service"
      0.5 2.0/5 "Expected more"
      Interest rate is very much higher around 18% for the personal loan. I felt AXIS Is higher than HDFC, they have taken processing fee. If I want to take the top up the loan with Axis, they have lots of procedure its should be simple . but 8% of interest is excess from other banks.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Jan 09, 2019
    • Axis Bank Personal Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      I had applied for a Personal loan with them and it did not got approved. The process was very lengthy and the banking services has not been bad. But the interest rate with them has been very high and there has been some hassle faced with them where at the end the loan did not got approved.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 08, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using Axis bank personal loan , they have given me sufficient loan amount ,and i am happy with loan amount, and the rate of interest they have charged me was nominal,they have charged me up to 10.5% and the processing fee they have charged me was nominal, there was no hidden charges ,overall service is good
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 08, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have been using personal loan with Axis bank recently,the loan amount they have given me was okay as per my requirement they have charged me was okay they have given me up to 11,000 from march monthly emi will get cut, and the rate of interest they have charged me was nominal and the processing fee they have charged me was nominal,but rate of interest they have charged me is not fixed, they are charging me hidden charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 07, 2019
    • Axis Bank Personal Loan
      "Interest rate should be flexible"
      0.5 5.0/5 "Blown Away!"
      I already have personal loan with AXIS but I didn't go the top up because of the higher interest its around 16% for 2 lakhs. I was taken the loan before two years due to emergency purpose I have availed it, the process was smooth but only concern about the interest.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 05, 2019
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I hold a savings account in Axis bank and i am pretty much happy with the services. I had applied for a personal loan and my loan application was processed on time, there was no delay. The interest rates are reasonable compare to the market value.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jan 04, 2019
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been quite good and there hasn't been any hassle faced. The loan amount has been sufficient and the interest rate with them has been nominal when compared with the market rate. I was getting a corporate offer where the rate of interest was less when compared with the market rate. The processing fee which they had charged also had been minimal.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jan 03, 2019
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