Axis Bank Personal Loan Interest Rate & Charges


Axis Bank offers personal loans tailored to meet diverse financial needs, providing competitive interest rates and flexible terms. Whether it's for medical emergencies, home renovations, or a dream vacation, Axis Bank's personal loan is designed to offer quick and hassle-free financing. Axis Bank offers personal loans with interest rates that range at a competitive margin of 4.65% over the 1-year MCLR, it results in an effective rate of interest that ranges from 10.99% to a maximum of 22%.

Instant Loan

Axis Bank Personal Loan Details

Aspect
Details
Interest Rate
10.99% per annum onwards
Loan Amount
Starting from Rs.50,000 to Rs.40,00,000/-
Required Income
Minimum monthly salary of Rs.15,000/-
Loan tenure
1-7 years
Processing fees
Up to 2%

Current Interest Rates for Axis Bank Personal Loan

Interest Rates
Salaried Individuals
Interest rates for salaried individuals start from 11.00% per annum and can go up to 22.00% per annum, depending on factors like income stability, credit score, and employer profile.
Self-Employed Individuals
For self-employed individuals, the interest rates range from 11.00% to 22.00% per annum, influenced by business stability, revenue consistency, and financial health.

List of Charges for Axis Bank Personal Loan

Charge
Details
Processing Fee
Up to 2% of the loan amount + GST.
Prepayment/ Foreclosure Charges
2%-3% of the principal outstanding + GST.
*Depends on the tenure
Overdue EMI Interest
2% per month on overdue amount.
Cheque Bounce Charges
Rs. 500 per instance + GST.
Duplicate Statement Issuance
Rs. 250 per statement + GST.
Duplicate Amortization Schedule
Rs. 250 per schedule + GST.
Duplicate No Dues Certificate
Rs. 250 per certificate + GST.
Credit Report Issuance
Rs. 50 per report + GST.
Stamp Duty
As per applicable laws.
Document Retrieval Charges
Rs. 500 per retrieval + GST.

Get the funds you need today!

Flexible Terms? or Quick Approval? or Low Interest Rates?
What is it that you need. We have it all.

Eligibility Criteria for Axis Bank Personal Loan

Criteria
Age
21 to 60 years for salaried individuals and up to 65 years for self-employed individuals.
Income
Minimum monthly income of ₹25,000 for salaried individuals.
Employment Stability
Minimum 1 year of continuous employment for salaried individuals or 2 years of business continuity for self-employed individuals.
Credit Score
A good credit score is essential for securing favorable interest rates.

Axis Bank EMI Calculator

Axis Bank provides an online EMI calculator to help you estimate your monthly EMI payments. This tool is useful for planning your finances and understanding the repayment structure.

Loan Amount
   50,000 25,00,000 
Duration of Loan
Years
1
 1  Years Years 5
Interest Ratei
*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.
(P.A.)
%
 12  % % 25
EMI PER MONTH
4,442
Principal Loan Amount50,000
Interest Amount3,304
Payable Amount53,304

How to Use the EMI Calculator:

1
Enter Loan Amount

Enter Loan Amount

Specify the amount you wish to borrow.

2
Select Tenure

Select Tenure

Choose the repayment period in months.

3
Input Interest Rate

Input Interest Rate

Enter the applicable interest rate.

4
 Click Calculate

Click Calculate

View your monthly EMI.

How to Apply for an Axis Bank Personal Loan

Applying for an Axis Bank personal loan is a straightforward process. You can apply online through the or visit your nearest Axis Bank branch. Ensure you have all required documents ready to facilitate a smooth application process.

Why Choose Axis Bank Two-Wheeler Loan?

  • right-arrowCompetitive Interest Rates: Tailored rates based on your profile.
    right-arrowFlexible Tenures: Repayment periods ranging from 12 to 60 months.
    right-arrowMinimal Documentation: Simplified process with fewer paperwork requirements.
    right-arrowQuick Processing: Fast approval and disbursement.
  • Get the funds you need today!

    Flexible Terms? or Quick Approval? or Low Interest Rates?
    What is it that you need. We have it all.

    Contact Details of Axis Bank

    Customer Care Number
    • 1860-419-5555 & 1860-500-5555
    • Toll free line: 1800-103-5577
    WhatsApp Banking
    • (Whatsapp 'Hi' to 7036165000)
    • Account balance
    • Mini Statement
    • New cheque book
    • Create & Renew FD
    • Credit Card details -Manage debit card limits
    • Set pins/Block card
    • To get an account balance instantly:
      SMS BAL to 56161600/ +919951 860 002 from your registered mobile To get a mini statement instantly: SMS MINI to 56161600/ +91 9951 860 002 from your registered mobile

    Frequently Asked  Questions

    What is the processing fee for Axis Bank personal loans?
    Can I foreclose my Axis Bank personal loan early?
    How do I calculate my EMI for an Axis Bank personal loan?
    How can I apply for an Axis Bank personal loan?
    Can I transfer my existing personal loan to Axis Bank?
    How can I check my Axis Bank personal loan status?