Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Custom Free
     

    Custom quote

  • Axis Bank Personal Loan

    Loading your search...
  • The personal loan offered by Axis Bank comes with interest rate starting from 15.75% p.a. This loan comes with flexible terms and helps people take care of their immediate financial requirements.

    • Maximum loan tenure of 5 years 
    • Loans up to Rs.15 lakh
    • Quick approval and disbursal
    • Up to 2% processing fee
    More
    We found 0 Axis Bank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range

    Features and Benefits

    Axis Bank personal loans are fantastic options to consider for a variety of reasons.

    • Flexible repayment tenures
    • Special offers for customers who have existing personal loans with other banks and want to lower their EMIs by transferring the loan to Axis Bank
    • Multiple channels for repayment, including RTGS, NEFT, and ECS
    • Minimal documentation and hassle-free application process

    Loan Particulars

    Interest Rate 15.75% to 24% p.a.
    Loan Amount Rs.50,000 to Rs.15 lakh
    Processing Fee 1.5% to 2% p.a. of the loan amount + GST

    Axis Bank Personal Loan Charges

    Rate of Interest 15.75% to 24%
    Loan Processing Charges 1.5% to 2% + Applicable GST
    Penal Interest 24% p.a.
    Cheque Bounce Charges Rs.500 per cheque bounce + GST
    Cheque/Instrument Swap Charges Rs.500 per instance + GST
    CIBIL Report Issuance Charges Stamp Duty Charges Rs.50 per instance per set + GST as per State Stamp Act
    Issuance Charges for Photocopy of Loan Agreement/Documents Rs.250 per instance + GST
    Duplicate Statement Issuance Charges Duplicate Interest Certificate (Actual/Provisional) Duplicate Amortization Schedule Charges Duplicate NOC Issuance Charges Rs.250 per instance + GST Rs.250 per instance + GST Rs.250 per instance + GST Rs.500 per instance + GST
    **(Subject to change as per Bank's discretion)

    Eligibility Criteria

    Here are the eligibility criteria for Axis Bank personal loans:

    Age Minimum: 21 years Maximum: 60 years
    Employment Type
    • Salaried employees
    • Private limited compamy employees
    • Government employees including PSU,Central and local bodies.
    Net Salary Rs.15,000 per month
     

    Documents Required

    Here are the documents you need to submit when applying for a personal loan from Axis Bank:

    • Application form
    • Age proof
    • Passport size photographs
    • ID proof
    • Residence proof
    • Bank statement
    • Signature verification proof

    Here are the documents you need to submit post sanction/pre-disbursement:

    • Duly signed loan agreement
    • ECS form/Standing Instruction Request
     

    How the EMI calculation works for Axis Bank personal loans?

    Consider a scenario where you take a personal loan of Rs.1 lakh from Axis Bank. The interest rate charged by the bank for the loan is 15.75% p.a. You have chosen a tenure of 1 year to repay the loan. For these terms, the repayment schedule for the loan is given as follows: 

    Year  Principal  Interest  EMI (principal + interest)  Balance amount  Percentage of loan paid to date 
    Apr  Rs.7,749  Rs.1,313  Rs.9,061  Rs.92,251  7.75% 
    May  Rs.7,850  Rs.1,211  Rs.9,061  Rs.84,401  15.60% 
    Jun  Rs.7,953  Rs.1,108  Rs.9,061  Rs.76,447  23.55% 
    Jul  Rs.8,058  Rs.1,003  Rs.9,061  Rs.68,389  31.61% 
    Aug  Rs.8,164  Rs.898  Rs.9,061  Rs.60,226  39.77% 
    Sep  Rs.8,271  Rs.790  Rs.9,061  Rs.51,955  48.05% 
    Oct  Rs.8,379  Rs.682  Rs.9,061  Rs.43,576  56.42% 
    Nov  Rs.8,489  Rs.572  Rs.9,061  Rs.35,086  64.91% 
    Dec  Rs.8,601  Rs.461  Rs.9,061  Rs.26,486  73.51% 
    Jan  Rs.8,714  Rs.348  Rs.9,061  Rs.17,772  82.23% 
    Feb  Rs.8,828  Rs.233  Rs.9,061  Rs.8,944  91.06% 
    Mar  Rs.8,944  Rs.117  Rs.9,061  Rs.0  100.00% 
     

    How Axis Bank compares with other lenders? 

    Particulars  Axis Bank Personal Loan  HDFC Bank Personal Loan  Citibank Personal Loan  Aditya Birla Capital 
    Interest rate  15.75% p.a. onwards  15.5% p.a. onwards  10.99% p.a. onwards  14% p.a. onwards 
    Processing fee  2% + GST  2.5% + GST  0.25% to 3.00% + GST  2% + GST 
    Foreclosure charges  Nil  2% to 4% of the outstanding loan amount  4% of the principal outstanding  3% of the outstanding loan amount 
    Late payment fee  2% of the overdue amount per month  2% of the overdue amount per month  Contact the bank for details  2% of the overdue amount per month 
     

    Related Loan Products offered by Axis Bank

    Axis Bank Agri Business Loans Axis Bank Loan Against Property Axis Bank Loan against Securities
     

    Frequently Asked Questions

    How do I apply for an Axis Bank personal loan?

    You can apply for an Axis Bank personal loan by visiting the official website of the company, or by visiting the nearest branch, or by calling the bank’s call centre.

    How can I pay my Axis Bank personal loan EMIs?

    The EMIs towards your Axis Bank personal loan can be paid using post-dated cheques, Electronic Clearing Service, or through Standing Instruction.

    How can I keep track of my personal loan from Axis Bank?

    In order to keep track of your repayment schedule and to view your statements, you will have to request the bank for your Interest Certificate, Repayment Schedule, or Statement of Account. You may do so by calling the bank’s customer care number, or writing from your registered email ID and sending a mail to loans@axisbank.com, or visiting a branch of the bank.

    How can I foreclose my Axis Bank personal loan?

    In order to foreclose your Axis Bank personal loan, you will have to request the bank for a foreclosure statement. To do so, you may visit the nearest Loan Centre of the bank and submit your foreclosure request after which the bank will process your request.

    How can I register my email ID and mobile number and link it to my loan account?

    You can update your email ID and mobile number by either calling the customer care number of the bank or by writing to the bank at loans@axisbank.com using your registered email ID.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Axis Bank Personal Loan Reviews

    • Axis Bank Personal Loan
      "VERY GOOD "
      0.5 5.0/5 "Blown Away!"
      I have selected Axis selected loan mount 1 lakhs 11 percentage EMi Rs 8860 one time process applicable based on saving account .There is no delay while disbursal loan amount .I am using through mobile application its user friendly.I will recommended to my friends
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 17, 2019
    • Axis Bank
      Axis Bank Personal Loan
      "Looking for better offer"
      0.5 5.0/5 "Blown Away!"
      I closed old loan with Axis around, that principal amount was Rs. 1. 5 lakh with the interest rate around 12% for the duration of three years. I done the top up again but interest rate was higher at the time, they should consider existing customer on the interest part.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 16, 2019
    • Axis Bank Personal Loan
      "Interest and charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      AXIS Bank gave me the interest around 15% for the loan amount of Rs. 3.5 lakhs for duration of five years, the interest rate should be reduced because its not affordable and also they taken processing should be reduced. The process is easy to take the loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 16, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Axis bank for an while, the loan amount which they have given to me was sufficient, the rate of interest they have charged to me was nominal, i did not face any issue, the loan came on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 16, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with Axis bank, the loan amount they have charged me was sufficient, like they have given me more than my requirement, based on eligibility they have given me loan, and the rate of interest they have charged me was nominal,and they have not charged me processing fee in this loan, i have they will take any hidden charges,but there is no many hidden charges.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 15, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I applied for personal loan with Axis bank directly through bank, i got loan within two minute, i gave request click and i got loan in my account, no documents where need because i am holding credit card and my salary account with this bank, so far i did not face any issue, the rate of interest was nominal, i am happy with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 15, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Axis bank from past five months, the loan amount which they have given to me was sufficient , but now i need more 60,000 to 70,000 as an top up, they said to wait till eight months then only i can apply.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 15, 2019
    • Axis Bank Personal Loan
      "Good Loan service"
      0.5 4.0/5 "Great!"
      They are sending the notification messages regarding the due date to keep the balance on my account for my personal loan. I bought my loan last year and they have sanctioned the loan in 2 days. Since my account is in Axis bank thats y i have taken the loan with them. I have been paying the EMI of Rs. 5560 for the loan amount of Rs. 2.5 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 15, 2019
    • Axis Bank Personal Loan
      "You can bank on Axis bank any time"
      0.5 4.0/5 "Great!"
      I have not provided any documents and straightaway the amount is credited to my account. Its been 22 installments are over and more 20 months to go for completing the loan. It took 2 days to sanctioned the loan. The interest rate is nominal and the processing fee was 1.25% which is convenient for me.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 13, 2019
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I was eligible for Axis bank Personal Loan and proceeded forward by applying it. My loan was sanctioned for 2 lakhs with the nominal rate of interest and the tenure was about for 60 months. Customer service was good update me on time but there was delay to get loan disbursed don't know why.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 13, 2019
    • Axis Bank Personal Loan
      "Good loan process"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Axis Bank for the personal loan. The rate of interest and processing fee was on the higher side. The customer support and response is good and the process was completed on time and I got the loan as needed. The after loan service is good too.
      Was this review helpful? 2
      , jaipur
      Reviewed on Jul 12, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Currently i have a personal loan going on Axis bank. Earlier i had a salary account with Axis bank with a previous employer hence i availed the loan with them. The loan process was good. I do not remember about the processing fee and interest rate. Total tenure period of the loan is 60 months. I am paying the EMI of Rs. 6900.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a fine experience with AXIS BANK for personal loan, the process was smooth and i received my loan amount within few days . Customer service was good and they responded on time. Rate of interest was nominal when compared to others. Loan amount is satisfactory and the tenure period was sufficient .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 11, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I applied for a personal loan with AXIS and my application was processed on time. The customer service is upto the expectations . The rate is interest i find it high as compared to other banks. I am happy that it was processed when i was in need. Overall it is good . Loan amount is 120000 .
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 11, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken loan through AXIS BANK . I am not satisfied with loan amount. At the time of applying there is no delay . I do not have to wait for more days to get the approved amount. But the rate of interest was very nominal compare to others . It is 16% and loan is 340000.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2019
    • Axis Bank Personal Loan
      "Better bank"
      0.5 4.0/5 "Great!"
      Took my personal loan from Axis bank 2 years ago since my salary account is in Axis bank hence i have selected the same bank. I bought the loan amount of Rs. 1.50 lakhs and iâ??m paying the EMI of Rs. 3589. I have chosen the tenure period of 5 years. In 15 days, they have sanctioned the loan.
      Was this review helpful? 2
      , tuni
      Reviewed on Jul 11, 2019
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in AXIS bank for more than 5 months which was processed directly to bank. The process was smooth and loan got sanctioned on 3 days. The amount was sufficient for the tenure of 5 years. The rate of interest and processing fee are higher. I use to get remainder message from bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 10, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the personal loan since from last 1 years, the documentation process was simple and done through online. The loan amount given with the loan was 1L and the rate of interest was 14%, duration for repaying the loan was 5 years. The customer support is good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jul 09, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Axis bank from long time, the loan amount they have provided me was sufficient, they have given me loan as per the requirement, it will be going to closed in this year , the rate of interest they have charged me was nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 08, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Axis bank from long time, they have given me loan within half hour, they guide me the procedure to apply and through on line portal i uploaded documents, no much formalities required i got this loan, the loan amount they have given me up to 4,80,000 but the rate of interest i felt was bit high but was okay for ma as they did not hide from me about the interest rate they charged me up to 15.99%.
      Was this review helpful? 2
      , thane
      Reviewed on Jul 06, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.