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Axis Bank Personal Loan Highlights |
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| Interest rate | 11.25% p.a. onwards |
| Loan Amount | Up to Rs 10 lakh |
| Tenure | 6 months to 5 years |
| Processing Fees | Up to 2% of the loan amount + GST |
Note: Rates as of 18 March 2025
Table of Contents
Axis Bank Personal Loan Interest Rate
Axis Bank Personal Loan interest rates offered to its personal loan applicants applying through Paisabazaar start from 11.25% p.a. depending on their credit profile.
Comparison of Axis Bank Personal Loan Interest Rates with Other Lenders
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | Up to 24% | Apply Now |
| L&T Finance | 11.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.90% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 33.50% onwards | Apply Now |
Axis Bank Processing Fees & Charges
| Particulars | Charges |
| Processing Fees | Up to 2% of the loan amount + GST |
| Foreclosure/Part-prepayment charges | For Loans Disbursed on or after April 1, 2024:
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. |
Individuals applying for Axis Bank Personal Loan through Paisabazaar can click on https://www.axisbank.com/retail/loans/personal-loan/personal-loan-lsp for further details.
Types of Personal Loan Schemes offered by Axis Bank (Through Offline Modes)
Personal Loan for Wedding
- Purpose: Applicants can avail Axis Bank Marriage Loan to finance their wedding related expenses.
- Loan Amount: Rs 50,000-Rs 40 lakh
- Tenure: 1-5 years
Personal Loan for Home Renovation
- Purpose: Axis Bank offers Personal Loan for Home Renovation to meet the expenses required for renovating, extending and improving their existing home property.
- Loan Amount: Rs 50,000-Rs 40 lakh
- Tenure: 1-5 years
Personal Loan for Travel
- Purpose: Individuals can avail Personal Loan for Travel from Axis Bank to meet their financial requirements related to travel such as tickets, accommodation, food, etc.
- Loan Amount: Rs 50,000-Rs 40 lakh
- Tenure: 1-5 years
Personal Loan for Higher Education
- Purpose: Individuals planning for higher education can avail Personal Loan for Higher Education from Axis Bank to finance their tution fees and other education related expenses.
- Loan Amount: Rs 50,000-Rs 40 lakh
- Tenure: 1-5 years
Axis Bank Personal Loan Eligibility Criteria
Axis Bank Personal Loan eligibility criteria is set on the basis of the job profile, age, minimum monthly income, etc. of its personal loan applicants. Here are the personal loan eligibility criteria set by Axis Bank.
- Government employees (including those working with local and central bodies) and employees of private limited companies, public limited companies, Public Sector Undertakings are eligible to apply for personal loan. Additionally, Axis Bank also offers personal loan for doctors
- Minimum age requirement of the applicant at the time of loan application is 21 years
- Maximum age of the applicant at the time of loan maturity should be 60 years
- Minimum monthly income requirement is Rs 15,000 for Axis Bank customers and Rs 25,000 for non Axis Bank customers.
Documents Required for Axis Bank Personal Loan (Through Offline Modes)
- Completely filled application form with recent passport size photographs
- KYC documents (driving license, passport, Aadhaar card, job card by NREGA duly signed by a State Government officer, voter ID, Letter issued by National Population Register with name and address details)
- Proof of Birth date (birth certificate, PAN card, passport, school leaving certificate, Aadhaar card, driving license)
- Signature proof (passport, bank verification, PAN card)
- Income proof (last 2 months pay slips. Employment proof of 1 year, bank statement for last 2 months showing salary credits)
- All the documents should be self-attested
Know more about Axis Bank Personal Loan Documents
Axis Bank Customer Care
- 1-860-419-5555
- 1-860-500-5555
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Non Toll Free Number: +91 40 67174100
Know more about Axis Bank Personal Loan Customer Complaints/Grievances Redressal Mechanism.
FAQs on Axis Bank Personal Loan
How to apply for an Axis Bank Personal Loan?
Prospective borrowers can visit the branches of Axis Bank or its official website to apply for personal loan. Alternatively, they can click here to make online application for Axis Bank Personal Loan through Paisabazaar.
What is the personal loan processing fee levied by Axis Bank?
Axis Bank charges a processing fee of up to 2% of the loan amount on personal loans.
How to track Axis Bank Personal Loan status?
Axis Bank personal loan applicants can visit the bank’s website to track the status of your loan application. They have to navigate to the Loans section and select Personal Loans. On scrolling down a little, they will find a button labeled ‘Track Your Application’. On clicking on this button, the loan applicants will be required to enter the relevant details to view the current status of their personal loan application.
What is the minimum salary required for availing Axis Bank Personal Loan?
The minimum salary required to avail Axis Bank Personal Loan is Rs 15,000 per month for Axis Bank customers and Rs 25,000 per month for non-Axis Bank customers.
What is the maximum personal loan amount that individuals can avail from Axis Bank?
Axis Bank claims to offer personal loan amount of up to Rs 40 lakh, subject to the repayment capacity of the loan amount. However, the maximum personal loan amount offered by Axis Bank through Paisabazaar is Rs 10 lakh.
How can I repay my Axis Bank Personal Loan amount?
You can pay your Axis Bank Personal Loan EMIs by issuing Standard Instructions (SI) or NACH mandate to the bank or by submitting post-dated cheques.
Can I apply for a top-up loan on an existing Axis Bank personal loan?
You can apply for a top-up loan on an existing Axis Bank personal loan, provided you have a consistent track record of loan repayments and have completed a predetermined number of EMI payments.
Can I choose between a fixed and floating rate for the personal loan?
Axis Bank Personal Loans are offered only on fixed interest rates. Axis Bank does not offer personal loans on floating interest rates.
Can I use Axis Bank Personal Loan for any purposes, including for commercial or business purpose?
Axis Bank personal loans can be used for various personal purposes like financing medical emergencies, weddings, home renovations, travel expenditures, education-related expenses, etc, except for speculation. However, applicants seeking loans for commercial or business purposes need to apply for Axis Bank Business Loan.
Does Axis Bank allow Personal Loan Balance Transfer option?
No, you cannot transfer your existing personal loan to Axis Bank through Paisabazaar. You should contact Axis Bank directly to check whether it offers a personal loan balance transfer option. You can check personal loan balance transfer options offered by other lenders based on your credit profile.
At what minimum CIBIL score can I avail personal loan in Axis Bank?
Axis Bank has not specified a cut off credit score for availing personal loan. However, personal loan applicants having credit score of 750 and above usually have higher chances of availing personal loan at lower interest rates.