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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
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    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  2% + GST 
    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  2% of the overdue amount per month 

    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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    News About Axis Bank Personal Loan

    • Axis Bank MCLR Rises 5 Basis Points From January

      India’s third largest private sector banking institution, Axis Bank, has recently informed the stock exchanges about a rise in Marginal Cost of fund-based Lending Rate (MCLR). It is claimed that the benchmark rate has been increased for the first time since its introduction in April 2016. The new MCLR will be 5 basis points higher than the previous one across all maturity, and will be put into effect from January 2018. Due to the increment in the MCLR, the interest rates of all the important products that the bank offers will also demonstrate an inflation. This move will impact new borrowers while the old debtors will continue to enjoy the old rates until the lock-in period of the scheme.

      24 January 2018

        

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    Axis Bank Personal Loan Reviews

    Write a Review
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have availed personal loan through Axis Bank.The rate of interest and the processing fee was very less,This loan got sanctioned on time without any delay.I am paying the premium through auto debit system .Everything is good on this so far.There was no difficulties faced so far ,I am satisfied with the service .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2020
    • Axis Bank
      Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have availed personal loan through Axis Bank Mobile app .The rate of interest ad the process was very less ,The loan amount got sanctioned on time ,This loan is still active and there was no drawbacks faced so far .There was no extra charges for paying the premium on delay basis. I have availed insurance while taking this loan so if not paid emi for 3 months bank will pay EMI and collect cash later from us that is the best thing.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2020
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from AXIS . The loan amount was Rs. 2,00,000 and i am paying EMI Rs. 5,133 and the tenure is for 4 years. Customer service and responsiveness was good. The rate of interest and processing fee is nominal. Over all its good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 12, 2020
    • Axis Bank Personal Loan
      "Very Good customer experience and support"
      0.5 4.0/5 "Great!"
      I had a personal loan from Axis bank at earlier and they offered interest rate was very high but their customer care service is good. I can track all the details through their app. Interest rates are 2% extra when i compared to others due to this i have transferred this loan after 1.5 years. Since I hold the salary account, I don't need to submit any documents and the paper work was done by back end.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 09, 2020
    • Axis Bank Personal Loan
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken from Axis and i have been paying the EMI amount of Rs. 7109 for the loan amount of Rs. 3. Lakhs. I am very happy with the rate of interest 7% with the tenure of 3 years and also the loan is going on. Customer service was very good and manager supported me a lot. Based on my transaction, i got this loan and it was disbursed within 5 minutes.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 08, 2020
    • Axis Bank Personal Loan
      "Every thing is good "
      0.5 4.5/5 "Excellent!"
      I received a call from AXIS BANK stating that i am eligible for a pre approved loan. Then, I opted for it and loan amount was credited the loan amount with in 10 minutes. There is no documentation or verification process carried out. The loan amount was Rs.1lakh even though interest rate was higher 14.99% which is reducing rate of interest and there is a no pre closure charges. Customer service was good.
      Was this review helpful? 2
      , surat
      Reviewed on Jan 06, 2020
    • Axis Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank on one year before, the amount was okay of 1L with tenure period of 3 years. Rate of interest was nominal 14.99% and processing fee of 2500 rupees. They told to taken an insurance for that they have deducted the amount of 11,500 rupees. There is an option of pre closure and it is applicable after 9 months without any charges. I use to get remainder message and mail for EMI to pay of 3,400 rupees on monthly basis.
      Was this review helpful? 3
      , tirunelveli
      Reviewed on Jan 06, 2020
    • Axis Bank Personal Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I received the call from AXIS BANK stating I am eligible for a pre approved loan. I opted for it and they have credited the loan amount with in 24 hrs. There is no documentation or verification process carried out. Even though interest rate was higher 16% for 2L but have accepted this offer because i used to get a salary through cash so could not process the loan further with other bank without payslip.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 05, 2020
    • Axis Bank Personal Loan
      "I like the personal loan with Axis "
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken from Axis bank because their customer care called me around 4 times and they have given me a proper follow up. I took the loan amount of Rs. 1.50 lakhs. They gave me an interest rate of 14%. They do have a part payment and pre-closure facility. I have been paying the EMI amount of Rs. 5000 every month.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 05, 2020
    • Axis Bank Personal Loan
      "Fast process and good support"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from AXIS BANK with the rate of interest 12% and the loan amount was 2.35L which I have applied via online. They have processed with in 5 working days. The processing fee is also included and it was Rs.2000, there is no part payment or pre closure charges and can be done anytime after first EMI which is the best part.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 04, 2020
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from AXIS recently. I received the call from the bank with the pre approved offer. I have opted for loan amount 5 lakhs with the interest rate 10.4% which is normal to me. The loan amount credited to me with in 2 minutes and there is no documentation.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 04, 2020
    • Axis Bank Personal Loan
      "Good Services and Good bank"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken from Axis bank because my salary account is in the same bank. My credit score is good, they have provided me a loan without any documents which is a pre-approved instant loan. The provided interest rate is 10.5%. I have been paying the EMI amount of Rs. 7780 for the loan amount of Rs. 3.10 lakhs.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 03, 2020
    • Axis Bank Personal Loan
      "Good Loan Provider"
      0.5 4.0/5 "Great!"
      In Axis bank, i have bought the personal loan but the interest rates are little high when i differentiate with other bank. Through their mobile banking, i had applied this loan and they have disbursed the loan in 1 hour without taking any documents. There is no charges for part payment and pre-closure.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 31, 2019
    • Axis Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan directly through Axis Bank. The processing fee was normal but interest rates are very high, they have charged me 18.5% due to this will be closing this loan shortly I am completely satisfied with the overall service of this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 30, 2019
    • Axis Bank Personal Loan
      "Good Bank "
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan with AXIS Bank on 2 years before. Since I am holding a salary account, they have offered a pre approved loan but the amount was sanctioned after 10 days. The amount was sufficient with tenure period of 4 years. Interest rate is 18.5% very high but due to emergency purpose I had taken this loan. Processing fee of 1500 rupees. There is option of pre closure and part payment. On every month I use to get remainder message on time to pay EMI of 3K.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 28, 2019
    • Axis Bank Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      From Axis bank, i have taken the personal loan via their app and the service was really good. The executive guided me in a correct way even though i called in midnight, they have cleared all my doubts and very supportive. They have provided me an interest rate of 11%. I am a salary account holder of Axis bank hence EMI will get deducted directly from my account so that i opted this personal loan with ease.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 28, 2019
    • Axis Bank Personal Loan
      "Good bank "
      0.5 5.0/5 "Blown Away!"
      AXIS bank is doing a good service and they use to complete the process quickly. I have taken a personal loan on one year before. The tenure period of 4 years. The amount was sufficient, provided based on my salary. Rate of interest 11% is nominal. Processing fee is applicable. I use to get remainder message for EMI payment, need to pay of 23K.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 24, 2019
    • Axis Bank Personal Loan
      "Easy loan approval "
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through AXIS Bank directly and the loan amount was Rs. 2lakhs .The rate of interest 18% and the processing fee was very less and the tenure was 4 years. The loan amount got sanctioned on time .This loan is still active and there was no difficulties faced while submitting the documents .I am paying the EMI Rs. 6200 on correct time without any delay.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 23, 2019
    • Axis Bank Personal Loan
      "Need to reduce the charges."
      0.5 4.0/5 "Great!"
      I had a offer with AXIS for the pre approved personal loan. I applied it through my mobile application and the loan amount got credited within two minutes. I have taken a loan amount of 2 lakhs with the interest rate of 17% which is not bad. If any EMI missed the late payment charges are very high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 23, 2019
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through Axis Bank directly .The loan amount got sanctioned on time ,The rate of interest and the processing fee was less compare to other bank.This loan is still active .I am paying the premium on online basis .The process was smooth and convenient .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Dec 22, 2019
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