| Interest Rate | 9.99%-17.15% p.a. |
| Tenure | Up to 5 years |
| Processing Fee | Up to 2% of loan amount |
| Minimum Monthly Income |
|
| Credit Score | 700 and above |
Axis Bank 5 Lakh Personal Loan
Axis Bank offers personal loan of Rs. 5 lakh at interest rates starting from 9.99% p.a. for tenure of up to 5 years. Prospective borrowers can apply for Axis Bank 5 lakh personal loan through the official website or mobile app of Axis Bank. They can also apply for Axis Bank Personal Loan through Paisabazaar app.
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Check Personal Loan Offers Online
Customer Rating
4.2/5
2839 Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Paisabazaar Exclusive Benefits
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
Money in your account instantly
SmartMatch
Offers ranked according to eligibility
Digital Process
Hassle-free & paperless
Find Best Personal Loan Offers
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 Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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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
Axis Bank Personal Loan of Rs. 5 Lakh- Highlights
Interest Rates of 5 Lakh Personal Loan from Axis Bank
Axis Bank Personal Loan interest rates start from 9.99% p.a. depending on the credit profile of the applicant. The interest rate range of personal loan interest rates set by Axis Bank is given below:
| Minimum Interest Rate | 9.99% p.a. |
| Maximum Interest Rate | 17.15% p.a. |
Fees and Charges of 5 Lakh Personal Loan from Axis Bank
Eligibility Criteria for Applicants Availing Axis Bank Personal Loan of Rs. 5 Lakh
Lenders usually set their personal loan eligibility depending on the age, credit score, monthly income, EMI/NMI ratio, and job profile of the applicants. Below-mentioned is the eligibility criteria set by Axis Bank for its personal loan applicants availing a loan amount of Rs. 5 lakh.
Axis Bank 5 Lakh Personal Loan- Documents Required
Below-mentioned are the documents required to be submitted by Axis Bank Personal Loan applicants availing a personal loan of Rs. 5 lakh.
| Document Type | Details |
|---|---|
| Application Form | Duly filled application form with latest passport sized photograph |
| KYC Documents |
|
| Proof of Date of Birth |
|
| Income Proof |
|
| Signature Proof |
|
Interest Cost Calculation of Axis Bank Personal Loan of Rs. 5 Lakh for Different Tenures
Below-mentioned is the interest cost calculation of Rs 5 lakh personal loan from Axis Bank @ 9.99% p.a. for tenure up to 5 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) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 5,00,000 | 9.99% | 1 year | 43,956 | 27,467 |
| 5,00,000 | 9.99% | 2 years | 23,070 | 53,684 |
| 5,00,000 | 9.99% | 3 years | 16,131 | 80,725 |
| 5,00,000 | 9.99% | 4 years | 12,679 | 1,08,587 |
| 5,00,000 | 9.99% | 5 years | 10,621 | 1,37,264 |
Swipe to see more table data
Comparison of Axis Bank Personal Loan of Rs. 5 Lakh with Other lenders
|
Lenders |
Interest Rate (p.a.) | Loan Tenure | Processing Fee |
|---|---|---|---|
| Axis Bank | 9.99%-17.15% | Up to 5 years | 1%-1.5% |
| HDFC Bank | 9.99%-12.50% | Up to 5 years | Rs 3,499-Rs 6,500 |
| ICICI Bank | 11%-13% | Up to 5 years | 2% |
| Kotak Mahindra Bank | 10.50%-17.20% | Up to 5 years | 1.1%-1.5% |
| IndusInd Bank | 10.35%-16.50% | Up to 5 years | 1.3%-2% |
| Federal Bank | 12.00%-19.50% | Up to 5 years | 2% |
| IDFC FIRST Bank | 10.50%-20.00% | Up to 5 years | 2% |
Swipe to see more table data
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
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Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
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