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Axis Bank 1 Lakh Personal Loan

Axis Bank offers collateral-free personal loan of Rs 1 lakh to meet the personal financial needs of its applicants. Prospective borrowers can visit Paisabazaar app to apply for Axis Bank Personal Loan of Rs 1 lakh. They can also compare the interest rates and other offers by Axis Bank with other partner lenders on Paisabazaar app.
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₹65k Cr+Loans Disbursed
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Axis Bank 1 Lakh Personal Loan- Key Features

  • Interest rates starting from 9.99% p.a. onwards.
  • Loan tenure ranging up to 5 years.
  • Processing fee up to 2% of the loan amount.
  • Instant personal loans at affordable interest rates
  • Pre-approved personal loan offered to existing customers with immediate approval and loan disbursal within hours.
  • Pre-qualified personal loan offered to new customers
  • Simple and easy online process

Axis Bank Personal Loan Interest Rates for 1 Lakh Personal Loan

Axis Bank offers personal loans at interest rates starting from 9.99% p.a. Lenders usually offer differential interest rates depending on the credit profile of the applicants. Applicants having a strong credit score and an excellent repayment history have higher chances of availingpersonal loans at lower interest rates.

Minimum Interest Rate 9.99% p.a.
Maximum Interest Rate 17.15% p.a.

Fees and Charges of Axis Bank Personal Loan for 1 lakh Personal Loan

Particulars Charges
Processing Fees Up to 2%
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). There would be no capitalisation of penal charges. Borrowers should note that financial default includes all types of financial defaults or irregularities with respect to their loan account.
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
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.

Axis Bank 1 Lakh Personal Loan: Eligibility Criteria

Below-mentioned is the personal loan eligibility criteria set by Axis Bank for individuals availing a personal loan of Rs 1 lakh:

Eligibility Criteria Details
Age 21-60 years
Minimum Monthly Income
  • For existing customers- Rs 15000
  • For new customers- Rs 25000
Job Profile Salaried and self-employed
Credit Score 700 and above

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Documents Required During Personal Loan Application

Axis Bank requires the below-mentioned documents at the time of personal loan application:

  • KYC documents- Aadhar card, passport, voter ID, driving license, PAN card
  • Bank statement for last 3 months
  • Salary slip for last 3 months
  • Latest Form 16

EMI of 1 Lakh Personal Loan from Axis Bank

Below-mentioned is the EMI calculation of personal loan of Rs 1 lakh availed from Axis Bank for tenure of up to 7 years. Applicants can use the personal loan EMI calculator available online to evaluate the same.

Loan Amount (Rs) Interest Rate (p.a.) Tenure EMI (Rs)
1,00,000 9.99% 1 year 8,791
1,00,000 9.99% 2 years 4,614
1,00,000 9.99% 3 years 3,226
1,00,000 9.99% 4 years 2,536
1,00,000 9.99% 5 years 2,124
1,00,000 9.99% 6 years 1,852
1,00,000 9.99% 7 years 1,660

How to Apply for Axis Bank Personal Loan of Rs 1 lakh through Paisabazaar App

Individuals can apply for Axis Bank personal loan of Rs 1 lakh through Paisabazaar app in the following steps:

  • Download the Paisabazaar app and login.
  • Click on personal loans and fill in the required details
  • View curated offers along with their interest rates, processing time, fees and charges, documents required, etc.
  • Choose the best-suited offer.

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
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FAQs

What is the interest rate of 1 lakh personal loan from Axis Bank?

Axis Bank offers personal loan interest rates ranging from 9.99% p.a. to 22% p.a. depending on the credit profile of the applicant.

What is the total interest cost of 1 lakh personal loan for tenure of 7 years?

The total interest cost of 1 lakh personal loan for tenure of 7 years would be Rs 39,407.

How can I calculate the total EMI and interest cost payable throughout the loan tenure?

You can calculate the total EMI and interest cost with the help of personal loan EMI calculator available online. All you need to do is enter the loan amount, interest rate and loan tenure in the EMI calculator and get instant results.

What should be the minimum credit score to avail a personal loan of Rs 1 lakh from Axis Bank?

Applicants having a minimum credit score of 700 and above have higher chances of availing 1 lakh personal loan from Axis Bank at lower interest rates.

Does Axis Bank levy any processing charges on 1 lakh personal loan?

Yes Axis Bank levies processing charges of up to 2% of loan amount on availing a personal loan of Rs 1 lakh.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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