Axis Bank Personal Loan

Personal Loan

Simple loans for your personal needs

Interest Rate10.49% - 22.00% p.a.
Loan Amount₹50,000 - ₹40 Lakhs
Tenure1 - 5 years

About Axis Bank Personal Loan

Axis Bank Personal Loan offers quick and hassle-free financing for your personal needs. With competitive rates starting at 10.49% and instant approval for existing customers, Axis makes borrowing simple.

Key Features

Interest rates from 10.49%
Instant approval for Axis customers
Loan up to ₹40 lakhs
Minimal documentation
Flexible repayment options
Top-up loan available
Balance transfer benefits
No hidden charges

Eligibility Criteria

Age21 - 60 years
Minimum Income₹15,000/month for salaried
Employment1 year work experience
Credit Score700+ CIBIL score

Documents Required

PAN Card
Aadhaar Card
Salary slips (3 months)
Bank statements (6 months)
Address proof

Fees & Charges

Processing FeeUp to 2.00% of loan amount
Prepayment Charges2-4% of outstanding
Late Payment Fee2% of EMI amount
Foreclosure Charges2-4% of outstanding

Pros & Cons

Advantages
  • Competitive interest rates
  • Lower processing fees
  • Quick approval process
  • Good digital experience
  • Flexible eligibility
Disadvantages
  • Lower maximum loan amount
  • Prepayment charges apply
  • Documentation needed for new customers
  • Rates vary significantly by profile

Frequently Asked Questions

Axis Bank personal loan starts at 10.49% p.a. for customers with excellent credit profiles. Actual rate depends on your income, credit score, and relationship with the bank.

Check through Axis Mobile app, NetBanking, by calling 1860-419-5555, or visiting any Axis branch with your application reference number.

Yes, non-Axis customers can apply but may need additional documentation and face slightly higher interest rates. Having an Axis salary account gives better rates and faster approval.

Yes, Axis offers competitive rates, lower processing fees, and good service. It's especially attractive for existing Axis customers with instant approval and preferential rates.
Axis Bank Personal Loan
  • Interest Rate10.49% - 22.00% p.a.
  • Loan Amount₹50,000 - ₹40 Lakhs
  • Tenure1 - 5 years
  • Processing FeeUp to 2.00%

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Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.