| 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 |
Rates as of 16th April 2026
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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
| 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 |
Rates as of 16th April 2026
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. |
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.
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 |
|
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 |
| Bank/NBFC | Interest Rates (% p.a.) |
|---|---|
| Aditya Birla Finance | 10.99 onwards |
| Axis Bank | 9.99 onwards* |
| Bank of Baroda | 10.15-18.00 |
| Bajaj Finance Limited | 10.00-30.00 |
| Bank of India | 10.85-16.15 |
| Bank of Maharashtra | 8.75-13.55 |
| Canara Bank | 9.70-15.15 |
| Central Bank of India | 9.85-11.65 |
| Cholamandalam IFC | 10.00-28.00 |
| Dhani Loans & Services Ltd. | 13.99 onwards |
| Federal Bank | 12.00 - 22.50* |
| HDB Financial Services | 10.00 - 35.00 |
| HDFC Bank | 9.99 onwards |
| Hero Fincorp | Up to 30* |
| HSBC Bank | 9.75 onwards |
| ICICI Bank | 9.99 onwards |
| IDFC FIRST Bank | 9.99 onwards |
| IIFL Finance | 12.00 - 28.00 |
| Indian Overseas Bank | 10.25 onwards |
| IndusInd Bank | 10.35 onwards* |
| Kotak Mahindra Bank | 9.98 onwards* |
| L&T Finance | 11.00 onwards |
| Mahindra Finance | 8.00 - 25.00 |
| Mannapuram Finance | 18.00 - 24.00 |
| Moneyview | 14.00 onwards |
| Muthoot Finance | 13.50 onwards |
| Piramal Finance | 12.14 onwards |
| Poonawalla Fincorp | 9.99 onwards |
| Punjab & Sind Bank | 9.60-13.85 |
| Punjab National Bank | 10.25-16.80 |
| Shriram Finance | 11.00 onwards |
| Tata Capital | 10.99 onwards |
| UCO Bank | 9.95 - 13.20 |
| Union Bank of India | 8.75 - 12.55 |
*Paisabazaar special rates
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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Applicants having a credit score of 700 and above have higher chances of availing personal loan of Rs. 5 lakh from Axis Bank at lower interest rates.
The EMI of 5 lakh personal loan availed from Axis Bank for tenure of 5 years would be Rs. 10,621.
You can calculate your personal loan EMI using a Personal Loan EMI calculator available online. All you need to do is enter your loan amount, interest rate and loan tenure in the EMI calculator and get instant results.
The interest cost of 5 lakh personal loan availed from Axis Bank for a tenure of 5 years would be Rs. 1,37,264.
No you cannot get a 5 lakh personal loan from Axis Bank without income proof because the lender assesses your repayment capacity and eligibility through the income proof.
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