Get personal loans of up to Rs.15 lakh at interest rates starting 12% p.a. with flexible repayment tenures of up to 5 years with Axis Bank.
| Interest Rate | 12% - 21% p.a. |
| Loan Amount | Up to Rs.15 lakh |
| Loan Tenure | Up to 5 years |
| Minimum Income Required | Rs.15,000 (monthly) |
| Schedule of charges | Fees |
| Penal Interest | 24% p.a. |
| 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 |
Here are the eligibility criteria for Axis Bank personal loans:
| Age | Minimum: 21 years Maximum: 60 years |
| Employment Type |
|
| Net Salary | Rs.15,000 per month |
Here are the documents you need to submit when applying for a personal loan from Axis Bank:
Calculate your EMI within a minute the help of BankBazaar Axis Bank Personal Loan EMI Calculator. All you need to do is fill in the required fields with your preferred loan amount, interest rate, tenure, and processing fee. Click “Calculate” to check your EMI. You can also view a detailed break-up of your repayment schedule via an amortisation table.
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 12% 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 Paid | EMI (principal + interest) | Balance Amount |
| 2021 | Rs.65,332 | Rs.5,748 | Rs.71,080 | Rs.34,668 |
| May | Rs.7,885 | Rs.1,000 | Rs.8,885 | Rs.92,115 |
| Jun | Rs.7,964 | Rs.921 | Rs.8,885 | Rs.84,151 |
| July | Rs.8,043 | Rs.842 | Rs.8,885 | Rs.76,108 |
| Aug | Rs.8,124 | Rs.761 | Rs.8,885 | Rs.67,984 |
| Sep | Rs.8,205 | Rs.680 | Rs.8,885 | Rs.59,779 |
| Oct | Rs.8,287 | Rs.598 | Rs.8,885 | Rs.51,492 |
| Nov | Rs.8,370 | Rs.515 | Rs.8,885 | Rs.43,122 |
| Dec | Rs.8,454 | Rs.431 | Rs.8,885 | Rs.34,668 |
| 2022 | Rs.34,669 | Rs.871 | Rs.35,540 | Rs.0 |
| Jan | Rs.8,538 | Rs.347 | Rs.8,885 | Rs.26,130 |
| Feb | Rs.8,624 | Rs.261 | Rs.8,885 | Rs.17,507 |
| Mar | Rs.8,710 | Rs.175 | Rs.8,885 | Rs.8,797 |
| Apr | Rs.8,797 | Rs.88 | Rs.8,885 | Rs.0 |
| 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 | 11% p.a. onwards |
| Processing fee | 2% + GST | 2.5% + GST | 0.25% to 3.00% + GST | At the discretion of the lender |
| Foreclosure charges | 2%-5% | 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 |
| Axis Bank Agri Business Loans | Axis Bank Loan Against Property | Axis Bank Loan against Securities | Axis Bank Loan against Shares | Axis Bank Instant 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.
The EMIs towards your Axis Bank personal loan can be paid using post-dated cheques, Electronic Clearing Service, or through Standing Instruction.
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.
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.
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.
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.
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.
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