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Axis Bank Personal Loan

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Axis Bank is a Paisabazaar partner and you can avail a Personal Loan from Axis Bank, at interest rates starting from 11.25% p.a., through our platform. On Paisabazaar, you can compare Axis Bank offers with other partners and benefit from easy digital processes and expert advice that help you access a personal loan at the best interest rates and ensure a seamless experience.

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Updated: 18-04-2025 13:39:22 PM

Axis Bank Personal Loan – Apply Online for Instant Approval

Apply online for Axis Bank Personal Loan on Paisabazaar to avail loans up to Rs. 10 lakh with repayment tenure up to 5 years. Also, check for the Axis bank’s pre-approved loans offered to the eligible customers with no paperwork.

Axis Bank Personal Loan – Highlights
Interest Rate 11.25% p.a. onwards
Loan Amount Up to Rs. 10 lakh
Repayment Tenure 5 years
Collateral/Security Not required
Processing Fees Up to 2% of loan amount + GST
Application Process Online and paperless

Note: Rates updated as of 17 April 2025.

Why Choose Axis Bank for Personal Loan?

  • Low Interest Rate: Axis Bank offers personal loans @ 11.25% p.a. onwards, which is competitive, as compared to other private sector banks.
  • Minimum Documentation and Quick Disbursal: The loan application process is simple and documents required are minimum for existing customers, along with instant approvals and quick disbursals.
  • Pre-approved loans to eligible customers: Axis Bank offers pre-approved personal loans to its existing customers with no documentation and with repayment tenure up to 84 months.
  • Balance Transfer facility: If you already have an existing loan at a higher interest rate, you can simply transfer it to Axis Bank and save money.

Axis Bank Personal Loan Interest Rates

Axis Bank offers Personal Loans at an interest rate ranging from 11.25% – 22% p.a. depending upon the applicant’s creditworthiness and repayment capacity.

Personal Loan Interest Rate Comparison: Axis Bank vs Others

Banks/NBFCs Interest Rates(p.a.)
Axis Bank11.25% onwardsApply Now
IndusInd Bank10.49% onwardsApply Now
IDFC First Bank10.99% onwardsApply Now
HDFC Bank10.85% onwardsApply Now
ICICI Bank10.85% onwardsApply Now
Kotak Mahindra Bank10.99% onwardsApply Now
Tata Capital11.99% onwardsApply Now
Federal Bank11.49% onwardsApply Now
DMI FinanceUp to 24%Apply Now
L&T Finance11.00% onwardsApply Now
Kreditbee16.00% - 29.95%Apply Now
MoneyTap13.00% onwardsApply Now
Piramal Finance12.90% onwardsApply Now
Aditya Birla10.99% onwardsApply Now
Moneyview14%-36%Apply Now
Cashe33.50% onwardsApply Now

Types of Axis Bank Personal Loan

Personal loans offered by Axis Bank can be used for various purposes in form of loan schemes mentioned by the bank below:

  • Pre-approved Personal Loan – For selected customers
  • Personal Loan for Wedding – Managing wedding cost and expenditure
  • Personal Loan for Home Renovation – For painting, fencing, tiling, furnishing or adding extra room or balcony
  • Personal Loan for Travel – Managing vacation’s expenses for domestic or international travel
  • Personal Loan for Higher Education – Paying admission/enrolment fees or related expenses
  • Personal Loan for Salaried Individuals and Women borrowers – To meet personal financial needs
  • Unsecured Loan – No collateral/security required

Note: The rate of interest rate, loan amount and repayment tenure offered by Axis Bank for all the above-mentioned loan schemes remains the same as their regular personal loan.

Axis Bank’s Emergency Loan is the only loan type in which the maximum loan amount is offered up to Rs. 20 lakh, rest remains the same.

Axis Bank Personal Loan Eligibility Criteria

  • Age: Minimum 21 years and maximum 60 years at time of loan maturity
  • Minimum Net Monthly Income: Rs. 15,000 for Axis Bank customers & Rs. 25,000 for Non-Axis bank customers

Eligible Salaried Individuals:

  • Salaried Doctors
  • Employees of Private and Public Limited Companies
  • sector employees, including Public Sector Undertaking, Central and Local bodies

Documents Required for Axis Bank Personal Loan

  • KYC Documents: Aadhaar card, Voters ID, Passport, Driving License, PAN card (Any One)
  • Date of Birth Proof: Passport, PAN card, Aadhaar card with date of birth, Driving license with photograph, birth certificate, school leaving certificate, Any one
  • Signature Proof: Passport, PAN card, banker’s verification
  • Proof of Income: Last 2 months’ salary slips, Last 2 months’ bank statement , Latest form 16, 1 year employment proof
  • Additional Documents: Duly filled application form, along with passport-sized photographs and self-attestation of borrowers on all the documents

How to Apply for Axis Bank Personal Loan on Paisabazaar?

Applying for a Personal Loan on Paisabazaar is really quick and simple. By following the below mentioned basic steps, you can apply for an Axis Bank personal loan online.

Step 1: Visit the official website or mobile app

Step 2: Enter your registered mobile number in the application form

Step 3: Fill in your personal details and click on Submit to receive the OTP

Step 4: Enter OTP to verify your mobile number

Step 5: Select the loan amount and loan purpose

Step 6: Check and compare from available offers from multiple banks and NBFCs

Fees & Charges on Axis Bank Personal Loan

Particulars Charges
Processing Fees Up to 2% of the loan amount + GST
Loan Cancellation Charges For loan cancelled within 0-3 days: Interest component (till the date of cancellation), stamp duty, processing fee, GST and other statutory charges would not be waived.

Loan cancelled after 3 days are considered as foreclosure.
Foreclosure/Part-prepayment charges For Loans Disbursed on or after April 1, 2024:

  • 3% + GST on the principal outstanding for EMIs paid up to 36 months
  • 2% + GST on the principal outstanding for EMIs paid above 36 months

Foreclosure fee is charged on the outstanding principal amount

Part-prepayment fee is charged on the part-prepayment amount

For personal loans disbursed on or after December 31, 2024, borrowers can prepay up to 25% of the outstanding loan amount each year without incurring any part-prepayment charges, after the payment of 12 EMIs. However, there has to be a gap of at least 12 EMI between such part-prepayments.
Repayment instruction/Instrument return charges Rs 339 per instance + GST on dishonor of cheque/ECS/NACH/SI debit instructions
Swap Charges (Cheque/Instrument) Rs 500 per instance + GST
Penal Charges Financial Default: 8% p.a. above the applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance)
Stamp duty charges As per the Stamp Act of the respective states
Duplicate Amortization Schedule issuance charges Rs 250 per instance per set + GST
Credit Information Companies Report issuance charges Rs 50 per instance per set + GST
Duplicate statement issuance charges Rs 250 per instance per set + GST
Issuance charges of Duplicate No Dues Certificate Rs 50 per instance per set + GST

Axis Bank Personal Loan vs Other Banks

Banks Axis Bank HDFC Bank SBI Bank ICICI Bank
Rates 11.25% p.a. onwards 10.90%-24.00% p.a. 10.30%-15.30% p.a. 10.85%-16.65% p.a.
Processing Fee Up to 2% of the loan amount Up to Rs 6,500 Up to 1.5% of the loan amount (Min. Rs 1,000; Max. Rs 15,000) Up to 2% of the loan amount
Max. Loan Amount Up to Rs 10 lakh Up to Rs 40 lakh Up to Rs 35 lakh Up to Rs 50 lakh
Min. Monthly Salary Required Rs 15,000 for Axis Bank customers; Rs 25,000 for non-Axis Bank customers Rs 25,000 For Government/ Defence Sector employees: Rs 20,000; Rs 30,000
For Corporate Sector employees: Rs 25,000

FAQs on Axis Bank Personal Loan

Can I apply for Axis Bank personal loan online?

Yes, prospective borrowers can make an online application for Axis Bank Personal Loan through Paisabazaar. Alternatively, they can visit the branches of Axis Bank or its official website to apply for personal loans.

What is the interest rate on Axis Bank personal loan?

The interest rate offered on Axis bank personal loan ranges from 11.25% – 22% p.a.

Can I pre-close my Axis Bank personal loan early?

Yes, you can foreclose your personal loan by paying 3% on the principal outstanding for EMIs paid up to 36 months, if you have paid EMIs more than 36 months then 2% of the principal outstanding is charged plus applicable charges.

What is the Minimum CIBIL Score Required for a Personal Loan from Axis Bank?

Axis Bank has not specified a cut off credit score for availing personal loan. However, personal loan applicants having credit score of 750 and above usually have higher chances of availing personal loan at lower interest rates.

What is the personal loan processing fee levied by Axis Bank?

Axis Bank charges a processing fee of up to 2% of the loan amount on personal loans plus applicable taxes.

How to check my Axis Bank loan application status?

Axis Bank personal loan applicants can visit the bank’s website to track the status of your loan application. They have to navigate to the Loans section and select Personal Loans. On scrolling down a little, they will find a button labeled ‘Track Your Application’. On clicking on this button, the loan applicants will be required to enter the relevant details to view the current status of their personal loan application.

What is the minimum salary required for an Axis Bank personal loan?

The minimum salary required to avail Axis Bank Personal Loan is Rs 15,000 per month for Axis Bank customers and Rs 25,000 per month for non-Axis Bank customers.

What is the maximum personal loan amount that individuals can avail from Axis Bank?

Axis Bank claims to offer personal loan amount of up to Rs 10 lakh, subject to the repayment capacity of the loan amount. However, the maximum personal loan amount offered by Axis Bank through Paisabazaar is also Rs 10 lakh.

How can I repay my Axis Bank Personal Loan amount?

You can pay your Axis Bank Personal Loan EMIs by issuing Standard Instructions (SI) or NACH mandate to the bank or by submitting post-dated cheques.

Can I apply for a top-up loan on an existing Axis Bank personal loan?

You can apply for a top-up loan on an existing Axis Bank personal loan, provided you have a consistent track record of loan repayments and have completed a predetermined number of EMI payments.

Is Axis Bank personal loan available for self-employed?

Yes, Axis bank personal loan is available for both salaried, as well as self-employed individuals. The loan amount offered to self-employed individuals is up to Rs. 10 lakh.

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