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  • Axis Bank Personal Loan

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  • Axis Bank offering personal loan interest rate starts at 12% p.a. This loan comes with flexible terms and helps people take care of their immediate financial requirements.

    • Loans up to Rs.15 lakh
    • Loan tenure of 5 years
    • Quick approval and disbursal
    More

    Features and Benefits

    • 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

    Details of Axis Bank Personal Loan

    Interest Rate 12% 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

    Schedule of charges Fees
    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: 

    Month Principal  Interest  EMI (principal + interest)  Balance amount  Percentage of loan paid to date 
    1 Rs.7,749  Rs.1,313  Rs.9,061  Rs.92,251  7.75% 
    2 Rs.7,850  Rs.1,211  Rs.9,061  Rs.84,401  15.60% 
    3 Rs.7,953  Rs.1,108  Rs.9,061  Rs.76,447  23.55% 
    4 Rs.8,058  Rs.1,003  Rs.9,061  Rs.68,389  31.61% 
    5 Rs.8,164  Rs.898  Rs.9,061  Rs.60,226  39.77% 
    6 Rs.8,271  Rs.790  Rs.9,061  Rs.51,955  48.05% 
    7 Rs.8,379  Rs.682  Rs.9,061  Rs.43,576  56.42% 
    8 Rs.8,489  Rs.572  Rs.9,061  Rs.35,086  64.91% 
    9 Rs.8,601  Rs.461  Rs.9,061  Rs.26,486  73.51% 
    10 Rs.8,714  Rs.348  Rs.9,061  Rs.17,772  82.23% 
    11 Rs.8,828  Rs.233  Rs.9,061  Rs.8,944  91.06% 
    12 Rs.8,944  Rs.117  Rs.9,061  Rs.0  100.00% 

    Compare AXIS personal loan with loans from other lenders

    Particulars  Axis Bank Personal Loan  HDFC Bank Personal Loan  Citibank Personal Loan  Aditya Birla Capital 
    Interest rate  12% p.a. onwards  10.75% p.a. onwards 10.50% p.a. onwards 14% p.a. onwards
    Processing fee  2% + GST  2.5% + GST  0.25% to 3.00% + GST  At the discretion of the lender
    Foreclosure charges  Nil  2% to 4% of the outstanding loan amount  4% of the principal outstanding  Contact the bank for details
    Late payment fee  2% of the overdue amount per month  2% of the overdue amount per month  Contact the bank for details  At the discretion of the lender

    Other loan products offered by Axis Bank

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    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.

    How to check Axis bank personal loan status?

    You can check Axis bank personal loan status by calling the bank officials at 1860 419 5555 or 1860 500 5555. You can also use the online mode and get the status by using your mobile number and date of birth or reference number or by logging into the internet banking portal. You also have the option of visiting the bank branch and meet the officer in charge to know the status of the personal loan application.

    How to contact Axis Bank customer care executives?

    You can contact Axis bank customer care executives by calling on 1860 419 5555 or 1860 500 5555. In case, you need to contact the executives when you are outside India you can dial 022 – 6798 7700. If you are an NRI, you are call on the listed below toll-free numbers or reach them at 040 – 6717 4100.

        

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    Axis Bank Personal Loan Reviews

    • Axis Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has offered a personal loan and the loan amount was Rs. 50,000 and the rate of interest was normal. I am paying EMI 4500 including all kind of Tax with the period of 1 year. Pre closure charges and part payment options are available and its a instant loan approval.
      Was this review helpful? 8
      , indore
      Reviewed on Mar 20, 2020
    • Axis Bank
      Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken through Axis Bank.still this loan is active and the rate of interest and processing fee was medium .This loan was availed for personal use and it was a paperless approval since have saving account ,loan got sanctioned on proper time frame .This loan was availed for my personal use.
      Was this review helpful? 10
      , patiala
      Reviewed on Mar 20, 2020
    • Axis Bank Personal Loan
      "Better Loan Service"
      0.5 4.0/5 "Great!"
      When i was required some fund, i have applied the personal loan from Axis bank because of the better service. They have provided me a interest rate of 18.25% for the loan amount of Rs. 1.5 lakhs. I have been paying the EMI amount of Rs. 3658 for the tenure period of 5 years. Within 3 days, the loan amount was credited to my account. They don't have part payment and pre-closure facility.
      Was this review helpful? 2
      , nasik
      Reviewed on Mar 16, 2020
    • Axis Bank Personal Loan
      "Easy loan"
      0.5 4.0/5 "Great!"
      My salary account is maintained with AXIS Bank, based on this i got a loan offer. For the past one month i am using this account and the loan amount was Rs. 1.90L and the rate of interest was nominal 12.99% . I am paying EMI of Rs.4322 with the tenure period of 60 months.
      Was this review helpful? 2
      , kolkata
      Reviewed on Mar 16, 2020
    • Axis Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      From AXIS Bank, the interest rate was normal 11% some thing and the loan amount was Rs. 70,000. EMI is 2500 with the tenure period of 3 years. The customer service and response was good. I applied this loan through online channel and that was a easy process.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Mar 15, 2020
    • Axis Bank Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      Taken my personal loan from Axis bank without any specific reason. For the medical expenses, i got this loan. Since i hold a salary account with them hence its easy to get a loan. Offered interest rate is 17.99% which is high but there is a option like if i pre-closure there is no additional charges and after paid my first month EMI i can close the loan at any time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 13, 2020
    • Axis Bank Personal Loan
      "Very Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Axis bank because they have offered me this loan because I'm holding a salary account with them and the loan is going to be completed in next 5 months. Their documentation process was good. I have selected the tenure period of 2 years to close this loan. For the medical purpose, i availed this loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 12, 2020
    • Axis Bank Personal Loan
      "Need to decrease interest rate "
      0.5 3.0/5 "Satisfactory"
      Since I am getting salary via AXIS, they provided pre approved loan offer of 4L . In that 40K was deducted for document charge, insurance and processing fee. So finally I got the amount of 3.60L. Rate of interest is 17% which is not negotiated as well. I taken this loan on 9 months before and it got sanctioned by 4 days. EMI need to pay of 9,510 rupees and pre closure option is avail without any locking period.
      Was this review helpful? 3
      , chennai
      Reviewed on Mar 10, 2020
    • Axis Bank Personal Loan
      "Recommendable loan for the people who wants to pre-closure"
      0.5 3.0/5 "Satisfactory"
      When i was taking the personal loan with Axis bank, the interest rate is high but the customer service is good. For part payment facility and preclosure is good because they are not taking any additional charges. I have completed the loan by February. Axis bank agent approached me for a personal loan and i availed with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Mar 10, 2020
    • Axis Bank Personal Loan
      "Promised thing has to provide to the customer"
      0.5 2.0/5 "Expected more"
      In Axis bank, they have offered me a interest rate of 12.49% and Axis bank does not interacted with me properly because they have provided 10.49% as a interest before taking the loan and they were not ready to provide the loan amount what i applied. In the loan application, they have mentioned the different interest hence the promised words are not met. They do have part payment facility with a free of cost.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 10, 2020
    • Axis Bank Personal Loan
      "Fast and efficient "
      0.5 5.0/5 "Blown Away!"
      Since I am holding salary account from AXIS bank I got pre approved loan offer but after the approval they told to submit some required documents by manual. I taken this loan on 8 months back. An interest is nominal. I think is 11.5%. The amount was sufficient with tenure period of 5 years. I can pre close the loan at any time. EMI need to pay of 4499 rupees.
      Was this review helpful? 1
      , kanchipuram
      Reviewed on Mar 09, 2020
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Axis bank personal loan this was a paperless approval .This loan was sanctioned on time and the loan amount was 3 lakhs for the tenure of 5 years .This loan is still active on my account and paying the premium on ECS mode.This loan was taken for my personal use only.
      Was this review helpful? 2
      , ludhiana
      Reviewed on Mar 03, 2020
    • Axis Bank Personal Loan
      "Responble loan"
      0.5 5.0/5 "Blown Away!"
      My Axis loan process was very smooth. Its been 4 months, i took this personal loan and actually I was having a savings account over there so interest rate was less at that time and got this special offer. I have been paying the EMI amount of Rs. 9500 approximately. They do have a part payment and pre-closure facility. They are caring for the customer and the the loan was disbursed in a short span of time.
      Was this review helpful? 2
      , new delhi
      Reviewed on Mar 03, 2020
    • Axis Bank Personal Loan
      "Superb Loan Service"
      0.5 5.0/5 "Blown Away!"
      Taken my personal loan from Axis bank around 2.5 years back. When i approached them, at that time they have accepted my proposal immediately. My brother was working over there so that they have provided an interest rate of 11% for the loan amount of Rs. 11.5 lakhs. Documentation process was smooth and they took only 1 day to sanctioned the loan.
      Was this review helpful? 5
      , salem
      Reviewed on Mar 02, 2020
    • Axis Bank Personal Loan
      "Best on market"
      0.5 4.0/5 "Great!"
      Axis bank personal loans are very convenient and the interest rates are less hence its practically good loan services. Took the loan amount of Rs. 50000 and i pay the EMI amount of Rs. 2300. I have no idea about the interest rate. I have chosen the duration of 2 years to close the loan. Due to the low interest rates and easy processing, i have chosen the Axis bank for my personal loan.
      Was this review helpful? 2
      , kochi
      Reviewed on Mar 02, 2020
    • Axis Bank Personal Loan
      "Up to satisfactory"
      0.5 4.0/5 "Great!"
      Personal loan with Axis bank is very easy and very comfortable. When i need some extra money i approached the Axis bank and they have provided so fast. Its because of my salary account is in Axis bank, i chose them. Provided interest rate is 10%. They charged me a processing fee of 1% and i pay the EMI amount of Rs. 2500 per month for the loan amount of Rs. 50000.
      Was this review helpful? 1
      , allahabad
      Reviewed on Mar 02, 2020
    • Axis Bank Personal Loan
      "Need to decrease the rate of interest"
      0.5 4.5/5 "Excellent!"
      Rate of interest was very high 18% in AXIS Bank for the personal loan and the loan i was taken for Rs. 80k. EMI i am paying Rs.3000 and it got approved within 3-4 days, i have selected for 48 months. Pre closure charges is there and i got this loan offer directly from bank. AXIS Bank provides good customer service.
      Was this review helpful? 2
      , kolkata
      Reviewed on Feb 29, 2020
    • Axis Bank Personal Loan
      "Need to decrease interest charge "
      0.5 5.0/5 "Blown Away!"
      Since I am holding a salary account with AXIS bank I got pre approved personal loan offer. I took this loan on 4 months back. Only rate of interest is bit high of 14.99% when compare to other bank. The amount was much sufficient with tenure period of 4 years. The processing fee of 2,200 rupees. There is an option of pre closure of 6 months without any charge. EMI need to pay of around 4,600 rupees.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 29, 2020
    • Axis Bank Personal Loan
      "Easy loan approval"
      0.5 4.5/5 "Excellent!"
      From AXIS Bank, i got a personal loan offer and the loan amount was Rs. 6,00,000. I opted for the tenure of 5 years, i have completed 2 years and i am paying EMI 13500. The rate of interest was normal 12.49% and there is a no pre closure charges and this bank gives good service.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Feb 28, 2020
    • Axis Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      The rate of interest was very high in AXIS Bank, it was 18% for the personal loan. I am paying EMI of Rs.22800 for the loan amount of 8L and i opted for the tenure period of 5 years. They are providing a good service and i got a call from bank for a pre-approved loan which have availed.
      Was this review helpful? 5
      , visakhapatnam
      Reviewed on Feb 28, 2020
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