Axis Bank Personal Loan Interest Rates

Axis Bank Personal Loan interest rates start from 9.99% p.a. Although Axis Bank has not specified offering differential personal Loan interest rates based on factors like credit score, monthly income, existing EMIs from any debt obligation(s), occupation profile, employer’s profile, work experience, etc. of its loan applicants for various personal loan schemes, most lenders consider these parameters while setting their personal loan interest rates.

Personal Loan Interest Rates by Other Banks/NBFCs

*Paisabazaar special rates

Note: Rates as of 5th January, 2026

Credit Scores

The bank has not disclosed the role of credit scores in determining the Axis Bank Personal Loan interest rates. However, several lenders consider the credit scores of personal loan applicants when fixing their interest rates. As loan applicants don’t have to pledge any collateral for personal loans, it increases the credit risk for a lender. Thus, the lenders become more dependent on their personal loan applicants’ credit scores to assess their creditworthiness. Lenders generally consider personal loan applicants with credit scores of 750 and above as more creditworthy and hence, such applicants are usually offered personal loans at lower interest rates.

Axis Bank Personal Loan applicants looking to maintain/improve their credit scores can follow healthy credit practices including settling their credit card bills and repaying EMIs on time, avoiding multiple credit card or loan applications within short durations, maintaining a healthy credit mix, etc and thereby, improving their personal loan eligibility. They should also review their credit reports at regular intervals to detect any errors and highlight the same to their lender or credit bureaus. Any error in the credit report can lower the credit scores and negatively impact the personal loan eligibility of a loan applicant. Lower credit scores may also reduce their chances of availing lower Axis Bank Personal Loan interest rates.

Income

Axis Bank Personal Loans are provided to loan applicants with a minimum net monthly income of Rs. 15,000. While the bank has not specified providing differential Axis Bank Personal Loan interest rates based on their applicants’ income, many lenders follow the practice of offering personal loans at preferential interest rates to loan applicants with higher monthly incomes. For such lenders, personal loan applicants with higher incomes present a lower credit risk due to their higher loan repayment capacity. Lenders can pass on this benefit to prospective borrowers by offering them personal loans at lower interest rates.

Occupation Profile

Although the bank has not specified the role of loan applicants’ employer profile while deciding the Axis Bank Personal Loan interest rates, many lenders consider the employer profile while setting the personal loan interest rates of prospective loan applicants. Note that lenders usually set lower interest rates on personal loans for salaried when compared to personal loans for self-employed. Within salaried applicants, those working for government or PSUs are offered preferential interest rates because their job and income security is usually higher than other salaried individuals. Among private sector employees, lenders offer lower interest rates to personal loan applicants working in MNCs or reputed private sector organisations due to the higher capacity of such organisations to deal with adverse economic conditions than other private sector organisations.

Existing Relationship with Axis Bank

Although the bank has not disclosed offering favourable Axis Bank Personal Loan interest rates for its existing customers, many lenders provide personal loans at concessional interest rates to their existing lending/deposit account holders. Hence, prospective personal loan borrowers should first contact their lender(s) with whom they already have existing banking relationships as they have higher chances of getting concessional interest rates on their personal loan.