TATA CAPITAL
Check Eligibility, Get Instant Approval in 2 minutes and Disbursal in 3 Hrs*
10.99% - 29.00%
Upto 3.00%
Upto Rs.35L
Upto 6 Years
Apply Online for Axis Bank Personal Loan
Apply online for an Axis Bank and experience quick, hassle-free approval with minimal documentation. Axis Bank is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.
- Interest Rate 10.49% onwards
- Maximum Loan ₹ 15 Lacs
- Processing Fees 0-1%
- Maximum Loan Tenure 1 to 5 years
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Axis Bank offers a comprehensive range of personal loans catering to individuals with diverse financial needs. Whether you are planning a wedding, consolidating debt, or covering unexpected expenses, Axis Bank personal loans provide quick and hassle-free solutions with attractive features, low interest rates, and flexible repayment options.
In this guide, we will discuss everything you need to know about Axis Bank personal loans, including eligibility criteria, required documentation, fees, charges, and unique features. Let’s dive in!
Eligibility Criteria for Axis Bank Personal Loan
Axis Bank personal loans are available to salaried individuals, including:
- Salaried professionals such as physicians, engineers, and other qualified professionals.
- Employees of private and public companies, including those working for central and municipal government organizations.
Before applying for an Axis Bank personal loan, ensure you meet the following eligibility criteria:
- Applicants must be at least 21 years old at the time of application.
- The maximum age allowed is 60 years at the time of loan maturity.
- A minimum net monthly income of INR 15,000 is required.
- The maximum loan amount available is INR 40 lakhs.
- Applicants must be Indian citizens.
- A high CIBIL score is essential to secure approval at competitive interest rates.
To ensure a seamless application process, applicants must submit the following documents:
Identity Proof: Any one of the following is acceptable:
- Voter ID
- Passport
- Driver’s License
- PAN Card
Address Proof: Any one of these documents can serve as proof of address:
- Passport
- Driver’s License
- Ration Card
- Utility Bill (Electricity, Phone, or Gas)
- Property/Municipal Tax Receipt
- Mobile Bill
- Letter of Allotment of Accommodation Issued by Employer
Signature Proof: Acceptable documents include:
- Passport
- PAN Card
- Driver’s License
Income Documents:
- Salary Slips for the Last 3 Months
- Bank Account Statements for the Previous 3 Months
Work Experience Documentation: any of these
- Appointment Letter
- Form 16
- Salary Slips for at Least the Past Year
Fees and Charges for Axis Bank Personal Loan
- Interest Rate
- Starts from 10.49% per annum.
- Processing Fee
- Ranges between 1.50% and 2.00% of the loan amount.
- Cheque Bounce Charges
- ₹500 per instance.
- Additional Service Tax will be applied.
- Cheque or Instrument Swap Charges
- Fee: ₹500 per instance.
- Applicable taxes will be added.
- Prepayment or Foreclosure
- No charges for prepayment or foreclosure.
- Interest on Default Payment
- 24% per annum (calculated as 2% per month on overdue amounts).
- CIBIL Report Issuance
- Fee: ₹50 per report.
- Additional Service Tax will be charged.
- Stamp Duty
- Based on the respective State Stamp Act.
Features of Axis Bank Personal Loan
Axis Bank personal loans come with several standout features that make them an ideal choice for borrowers:
- Attractive Interest Rates: Axis Bank personal loan interest rates start from 10.49% per annum, ensuring affordable EMIs for borrowers.
- Flexible Repayment Options: Choose from a variety of repayment methods, including RTGS, NEFT, and ECS, for convenience.
- Minimal Documentation: With straightforward documentation requirements, Axis Bank simplifies the loan application process.
- Quick Loan Approval: Enjoy fast processing and approval to access funds without delay.
- High Loan Amount: Borrow up to INR 15 lakhs to meet various financial needs.
- Prepayment Flexibility: Prepayment and foreclosure are allowed without penalties, giving you the freedom to close the loan early.
- Special Offers for Loan Transfers: Customers transferring loans from other banks to Axis Bank can benefit from reduced EMIs and better terms.
- Reward Points Program: Earn eDGE loyalty reward points for timely payments and other transactions. Points can be redeemed for gifts or services. For every spending milestone, earn additional reward points:
- Earn 150 points for spending up to INR 3,00,000.
- Earn 300 points for spending between INR 3,00,000 and INR 5,00,000.
- Earn 450 points for spending above INR 5,00,000.
- Easy EMI Calculator: Plan your repayments using the EMI calculator available on the Axis Bank website to schedule EMIs comfortably.
Frequently Asked Questions (FAQ)
What is the maximum loan amount I can get with Axis Bank?
The maximum loan amount depends on your income and repayment capacity. Axis Bank personal loans range from INR 60,000 to INR 15,00,000.
Do I need to provide any security for a personal loan?
No, Axis Bank personal loans are unsecured, meaning you don’t need to provide any collateral or security.
What is the repayment frequency?
Borrowers are required to pay monthly EMIs. There is no prepayment penalty, allowing borrowers to make additional payments if desired.
What are Axis Bank personal loan interest rates?
Axis Bank personal loan interest rates start from 10.49% per annum, ensuring affordable repayments.
Why Choose Axis Bank for Personal Loans?
Axis Bank stands out for its customer-centric approach, offering affordable interest rates, flexible terms, and added benefits. Here’s why it’s an excellent choice for your personal loan needs:
- Low interest rates starting at 10.49% per annum.
- High loan limits, allowing you to borrow up to INR 15 lakhs based on eligibility.
- Minimal paperwork, ensuring a hassle-free application process.
- Flexible repayment options, including prepayment and foreclosure without penalties.
- Reward points for timely payments, adding extra value to your loan experience.
Axis Bank personal loans offer unmatched convenience and affordability. With low interest rates, flexible repayment options, and minimal documentation, you can access funds quickly to meet your financial goals. Apply for an Axis Bank personal loan today and enjoy the benefits of a trusted financial partner.
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Axis Bank Personal Loan EMI Calculator
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