| 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
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15.5L Reviews
Get up to ₹50 Lakhs starting at 9.98%
15.5L Reviews
Wide Choice
Curated offers from 30+ lenders
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Money in your account instantly
SmartMatch
Offers ranked according to eligibility
Digital Process
Hassle-free & paperless
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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.
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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 |
Comparison of Axis Bank Personal Loan of Rs. 5 Lakh with Other lenders
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Bank of Baroda | 10.15-18.05 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.65-11.55 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 11.99 onwards | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | 19.00 onwards | 2.3% - 3% |
| HSBC Bank | 9.95 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.75 - 44.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% (2% for instant personal loans for limited period) |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 14.00 - 22.00 | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up to 1% (Max. Rs. 7,500) |
*Paisabazaar special rates
Note: Rates as of 9th February 2026
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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