Axis Bank Personal Loan

Axis Bank Personal Loan Highlights
Interest rate	11.25% p.a. onwards
Loan Amount	Up to Rs 10 lakh
Tenure	6 months to 5 years
Processing Fees	Up to 2% of the loan amount

Note: Rates as of 27th November 2024

Axis Bank Personal Loan Interest Rate

Axis Bank Personal Loan interest rates offered to its personal loan applicants applying through Paisabazaar start from 11.25% p.a. onwards depending on their credit profile

Comparison of Axis Bank Personal Loan Interest rates with Other Lenders

Banks/NBFCs	Interest Rates(p.a.)
Axis Bank	11.25% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.99% onwards	Apply Now
HDFC Bank	10.85% onwards	Apply Now
ICICI Bank	10.85% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
Tata Capital	11.99% onwards	Apply Now
Federal Bank	12.00% onwards	Apply Now
DMI Finance	12.00% - 40.00%	Apply Now
L&T Finance	12.00% onwards	Apply Now
Kreditbee	16.00% - 29.95%	Apply Now
MoneyTap	13.00% onwards	Apply Now
Piramal Finance	12.99% onwards	Apply Now
Aditya Birla	10.99% onwards	Apply Now
Moneyview	14%-36%	Apply Now
Cashe	27.00% onwards	Apply Now

Check which bank/NBFC is best for personal loan

Axis Bank Processing Fees & Charges

Particulars	Charges
Processing Fees	Up to 2% of the loan amount
Prepayment/Part-prepayment charges	3% of the outstanding principal
Repayment instruction/Instrument return charges	Rs 339 per instance + GST of dishonor cheque
Swap Charges (Cheque/Instrument)	Rs 500 per instance + GST
Penal Interest	8% p.a. above applicable interest rate on the overdue amount
Stamp duty charges	As per state stamp
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

Individuals applying for Axis Bank Personal Loan through Paisabazaar can click on https://www.axisbank.com/retail/loans/personal-loan/personal-loan-lsp for further details.

Types of Personal Loan Schemes offered by Axis Bank

Personal Loan for Wedding

• Purpose: Applicants can avail Axis Bank Marriage Loan to finance their wedding related expenses.
• Loan Amount: Rs 50,000-Rs 40 lakh
• Tenure: 1-5 years

Personal Loan for Home Renovation

• Purpose: Axis Bank offers Personal Loan for Home Renovation to meet the expenses required for renovating, extending and improving their existing home property.
• Loan Amount: Rs 50,000-Rs 40 lakh
• Tenure: 1-5 years

Personal Loan for Travel

• Purpose: Individuals can avail Personal Loan for Travel from Axis Bank to meet their financial requirements related to travel such as tickets, accommodation, food, etc.
• Loan Amount: Rs 50,000-Rs 40 lakh
• Tenure: 1-5 years

Personal Loan for Higher Education

• Purpose: Individuals planning for higher education can avail Personal Loan for Higher Education from Axis Bank to finance their tution fees and other education related expenses.
• Loan Amount: Rs 50,000-Rs 40 lakh
• Tenure: 1-5 years

Axis Bank Personal Loan Eligibility Criteria

Axis Bank Personal Loan eligibility criteria is set on the basis of the job profile, age, minimum monthly income, etc. of its personal loan applicants. Here are the Personal Loan eligibility criteria set by Axis Bank.

• Government employees (including those working with local and central bodies) and employees of private limited companies, public limited companies, Public Sector Undertakings are eligible to apply for personal loan. Additionally, Axis Bank also offers personal loan for doctors
• Minimum age requirement of the applicant at the time of loan application is 21 years
• Maximum age of the applicant at the time of loan maturity should be 60 years
• Minimum monthly income requirement is Rs 15,000 for Axis Bank customers and Rs 25,000 for non Axis Bank customers.

Documents Required for Axis Bank Personal Loan

• Completely filled application form with recent passport size photographs
• KYC documents (driving license, passport, Aadhaar card, job card by NREGA duly signed by a State Government officer, voter ID, Letter issued by National Population Register with name and address details)
• Proof of Birth date (birth certificate, PAN card, passport, school leaving certificate, Aadhaar card, driving license)
• Signature proof (passport, bank verification, PAN card)
• Income proof (last 2 months pay slips. Employment proof of 1 year, bank statement for last 2 months showing salary credits)
• All the documents should be self-attested

Know more about Axis Bank Personal Loan Documents

Axis Bank Customer Care

• 1-860-419-5555
• 1-860-500-5555
• Non Toll Free Number: +91 40 67174100

Know more about Axis Bank Personal Loan Customer Complaints/Greviances Redressal Mechanism.

FAQs

1. Can I choose between a fixed or floating rate for the personal loan?

Ans. Axis Bank Personal Loans are offered only on fixed interest rates. Axis does not offer personal loans on floating interest rates.

2. Can I use Axis Bank personal loan for any purposes, including for commercial or business purpose?

Ans. Axis Bank personal loan can be used for all personal purposes, except for speculation. It can also be used by the entrepreneurs for expanding their business. The loan is sanctioned based on the credit history of the entrepreneur.

3. Does Axis Bank allow Personal Loan Balance Transfer option?

Ans. Yes, Axis Bank allows Personal Loan Balance Transfer option where the existing personal loan borrowers of other banks/NBFCs can transfer their personal loan to Axis Bank at lower interest rates.

4. At what minimum CIBIL score can I avail personal loan in Axis Bank?

Ans. 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.