Home > Compare Personal loan Banks > Axis Bank Personal Loan

Axis Bank Personal Loan

Axis Bank personal loan available at lowest interest rates which are starting from 15.00% for CAT A company employees. Axis bank provides personal loans from Rs. 50 thousand to Rs.40 lakh, Loans can be used for any purpose with no questions asked regarding the end use of the loan, Simple procedure, minimal documentation and quick approval with Minimal documentations. You can use personal loans for Marriage expenses, Travels, Buy Gadgets, Home Appliances, Downpayment of bigger loans or pay the credit card bills. Minimum loan which you can apply at axis bank are 50,000. Axis bank offers personal loan in 65 cities all over the India.

Axis Bank Personal Loan Details

Interest Rates 10.49% to 21.00%
Repayment Upto 5 Years
Max. Loan 40 Lakh
Min. Loan 50000
Part Payment Charges Nil
Processing Fees 2.00% + ST
₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 21 May 2024)
Compare Personal Loan| Interest Rates | Eligibility & your CIBIL score absolutely FREE.
Loan Amount
Employment Status
City

Axis Bank Personal loan Interest Rates 2023

Interest Rates Pre Payment Charges Processing Fees
10.49% to 21% 5% + GST (As applicable) Up to 2% of loan amount + GST
 

Features and benefits of Axis Bank Personal Loan

  1. Attractive Personal Loan Rates.
  2. A balance transfer facility available for those who want to retire any higher cost debt.
  3. Loans available against repayment track record of any existing Auto Loan, Personal Loan or Home Loan.
  4. Zero balance SB account facility for Personal Loans customers.
  5. Simple procedure, minimal documentation and quick approval. For User’s help here’s the EMI Calculation for Random loan amount of 3 lakh for 5 years tenure period at 15.00%. EMI per Month = 7137 Total Amount with Interest = 428219
Year Principal Interest Balance Amount
1 Rs. 43,559 Rs. 42,085 Rs. 2,56,441
2 Rs. 50,561 Rs. 35,083 Rs. 2,05,880
3 Rs. 58,688 Rs. 26,956 Rs. 1,47,192
4 Rs. 68,123 Rs. 17,521 Rs. 79,069
5 Rs. 79,157 Rs. 6,571 Rs. 0
Total Rs. 3,00,000 Rs. 1,28,219

Documents List & Eligibility for Axis Bank Personal Loan

Eligibility Criteria Salaried Self Employed
Age 21 - 60 years 24 - 65 years
Annual Income Rs 1,80,000 (p.a) Rs 2,00,000 (p.a)
Loan Amount Offered 50,000 - 40,00,000 50,000 - 15,00,000
Tenure 12 - 60 months 12 - 60 months
Current Experience Minimum 1 year Minimum 3 years
Documentation 1) Identity proof: Passport or voter's card or driving license or PAN card and photograph 2) Income proof: Latest salary slip showing all deductions or Form 16 along with current dated salary certificate (for salaried) 3) Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower employment proof or business continuity proof 4) Residence proof: Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements 1) Identity proof: Passport or voter's card or driving license or PAN card and photograph 2) Income proof: ITR (last 2 years) and computation of income (last 2 years) certified by a CA, balance sheet, profit and loss statement (for self-employed) 3) Residence proof: Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements 4) Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower employment proof or business continuity proof 5) Business continuity proof
What is the minimum CIBIL score required to avail axis bank personal loan?

A credit score is a number between 300 and 900 assigned to you by credit bureaus (such as CIBIL). The higher the score, the better are the chances of your loan application (be it for any kind of loan including but not restricted to bank personal loans) getting approved. If you have a high credit score you may also get a higher loan amount or lower loan rates. However, a score below 750 may reduce your chance of getting a personal loan or grant you a lower amount or a higher interest rate. If your score is below 600 it is advisable to try and find out why your credit score is low. It could be due to past behaviour, such as consistently missing or delaying past EMIs, excessive purchases made on credit, or applied for loans or credit cards with many banks, etc.

To apply for an Axis Bank Personal Loan visit our Personal Loan banking centres at the following locations or apply online.

Tier 1 Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Gurgaon, Noida, Ghaziabad, Faridabad
Tier 2 Pune, Ahmedabad, Kolkata
Tier 3 Coimbatore, Kochi, Jaipur, Lucknow, Patna, Jamshedpur, Vadodara, Trivandrum, Vishakhapatnam, Bhubaneshwar, Trichy, Surat, Nashik, Aurangabad, Goa, Guwahati, Nagpur, Chandigarh
Tier 4 Bhopal, Calicut, Jodhpur, Mysore, Pondicherry, Raipur, Rajkot, Durgapur, Dehradun, Hubli, Jalandhar, Kolhapur, Ludhiana, Madurai, Mangalore, Patiala, Siliguri , Ranchi, Tirunelveli, Udaipur, Vijaywada, Indore, Ajmer, Allahabad, Bhatinda, Belgaum, Bhavnagar, Bhilwara, Jamnagar, Kanpur, Kota, Salem, Ujjain, Warangal, Mehsana
Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

Know the Rate of interest charged by major banks for Personal Loan