Axis Bank Personal Loan Apply online 2024

Axis Bank offers personal loan at fixed interest rates of 10.25% p.a. onwards, for a loan amount of up to Rs 15 lakh, and for tenures of up to 5 years. Axis Bank also offer pre-approved instant personal loan with digital processing and without any paperwork. Axis Bank has also tied-up with to offer pre-qualified customised personal loans to select customers with end-to-end digital processing and quick disbursals.

Axis Bank Personal Loan Highlights –2024
Interest rate10.25% p.a. onwards
Loan AmountRs 50,000- Rs 15 lakh
Tenure1-5 years
Minimum Monthly SalaryRs 15,000

Axis Bank Personal Loan Interest Rate

Axis Bank personal loan interest rate starts @ 10.25% p.a. The final interest rates offered to the personal loan applicants depend upon the credit score, age, monthly income, employer’s profile, job profile, etc.

Axis Bank Processing Fees:

Repayment instruction/Instrument return chargesRs 339 per instance + GST
Swap Charges (Cheque/Instrument)Rs 500 per instance + GST
Penal Interest@ 24% p.a. i.e., 2% per month on overdue installment
Duplicate statement issuance chargesRs 250 per instance per set + GST
Duplicate Amortization Schedule issuance chargesRs 250 per instance per set + GST
Credit Information Companies Report issuance chargesRs 50 per instance per set + GST
No dues certificate generation charges (duplicate)Rs 50 per instance per set + GST
Stamp duty chargesAs per state stamp
Foreclosure chargesOn outstanding loan:For 0-12 months: 5%For 13-24 months: 4%For 25-36 months: 3%More than 36 months: 2%

Apply for a Personal Loan online with minimal documentation

Types of Axis Bank Personal Loan:

Personal Loan for Holiday

  • Purpose: To meet the financial needs for a holiday/vacation.
  • Loan Amount: Rs 50,000-Rs 15 lakh
  • Tenure: 1-5 years

Personal Loan for Wedding

  • Purpose: To meet the financial needs for wedding
  • Loan Amount: Rs 50,000-Rs 15 lakh
  • Tenure: 1-5 years

Personal Loan for Home Renovation

  • Purpose: To meet the financial requirements for home renovation
  • Loan Amount: Rs 50,000-Rs 15 lakh
  • Tenure: 1-5 years

Axis Bank Personal Loan Eligibility Criteria:

  • Salaried Employees such as doctors, employees of private and public limited companies, and employees of government sectors, Public Sector Undertakings, Local and Central bodies
  • Age
  • Minimum: 21 years
  • Maximum: 60 years at the time of loan maturity
  • Minimum Net Monthly Income: Rs 15,000

Apply for a Personal Loan onlinewith minimal documentation.

Axis Bank Personal Loan Documents Required

  • 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

Axis Bank personal loan Customer Care:

  • 1-860-419-5555
  • 1-860-500-5555
  • Non Toll Free Number: +91 40 67174100

Axis Bank Personal Loan Features:

  • Flexible repayment tenures
  • Competitive interest rates
  • Special offers for customers who have existing personal loans with other banks and want to lower their EMIs by transferring the loan to Axis Bank
  • Multiple channels for repayment, including RTGS, NEFT, and ECS
  • Minimal documentation and hassle-free application process

Axis Bank Personal Loan Charges:

Schedule of chargesFees
Penal Interest24% p.a.
Cheque/Instrument Swap ChargesRs.500 per instance + GST
CIBIL Report Issuance Charges Stamp Duty ChargesRs.50 per instance per set + GST as per State Stamp Act
Issuance Charges for Photocopy of Loan Agreement/DocumentsRs.250 per instance + GST
Duplicate Statement Issuance Charges Duplicate Interest Certificate (Actual/Provisional) Duplicate Amortization Schedule Charges Duplicate NOC Issuance ChargesRs.250 per instance + GST Rs.250 per instance + GST Rs.250 per instance + GST Rs.500 per instance + GST

**(Subject to change as per Bank’s discretion)

Axis Bank Personal Loan Eligibility Criteria:

Here are the eligibility criteria for Axis Bank personal loans:

AgeMinimum: 21 years
Maximum: 60 years
Employment TypeSalaried employeesPrivate limited compamy employeesGovernment employees including PSU,Central and local bodies.
Net SalaryRs.15,000 per month

Axis Bank Personal Loan Documents:

Here are the documents you need to submit when applying for a personal loan from Axis Bank:

  • Application form
  • Age proof
  • Passport size photographs
  • ID proof
  • Residence proof
  • Bank statement
  • Signature verification proof

Documents you need to submit post sanction/pre-disbursement:

  • Duly signed loan agreement
  • ECS form/Standing Instruction Request
  • KYC documents

How to Calculate Axis Bank Personal Loans EMI?

Calculate your EMI within a minute the help of BankBazaar Axis Bank Personal Loan EMI Calculator. All you need to do is fill in the required fields with your preferred loan amount, interest rate, tenure, and processing fee. Click “Calculate” to check your EMI. You can also view a detailed break-up of your repayment schedule via an amortisation table.

Consider a scenario where you take a personal loan of Rs.1 lakh from Axis Bank. The interest rate charged by the bank for the loan is 12% p.a. You have chosen a tenure of 1 year to repay the loan. For these terms, the repayment schedule for the loan is given as follows:

YearPrincipalInterest PaidEMI (principal + interest)Balance Amount

Axis bank personal loan EMI calculator


Compare Axis Bank Personal Loan with Other Personal LoanLenders

ParticularsAxis Bank Personal LoanHDFC Bank Personal LoanCitibank Personal LoanAditya Birla Capital
Interest rate12% p.a. onwards10.5% p.a. onwards9.99% p.a. onwards14% p.a. onwards
Processing fee2% + GST2.5% + GSTupto 3.00% + GST2% of the loan amount
Foreclosure charges2%-5%2% to 4% of the outstanding loan amount4% of the principal outstandingContact the bank for details
Late payment fee2% of the overdue amount per month2% of the overdue amount per monthContact the bank for detailsAt the discretion of the lender


Q. Does Axis Bank provide pre-approved loans?

Ans. Yes, Axis Bank provides pre-qualified instant personal loans to its select customers with end-to-end digital processing.

Q. What is the turnaround time for Axis Bank personal loan disbursal?

Ans. Axis Bank claims to offer quick processing of personal loan while not disclosing the exact turnaround time for personal loan disbursal. However, the pre-qualified personal loan offered by Axis Bank have quicker disbursals, usually within the same day of making loan application. Click here to find whether you qualify for Axis Bank pre-qualified personal loan

Q. Can I choose between a fixed or floating rate for the personal loan?

Ans. Axis Bank Personal Loans are offered only on fixed interest rates. Axis does not offer personal loans on floating interest rates.

Q. Can I use Axis Bank personal loan for any purposes, including for commercial or business purpose?

Ans. Axis Bank personal loan can be used for all personal purposes, except for speculation. It can also be used by the entrepreneurs for expanding their business. The loan is sanctioned based on the credit history of the entrepreneur.

Q. Does Axis Bank allow Personal Loan Balance Transfer option?

Ans. Yes, Axis Bank allows Personal Loan Balance Transfer option where the existing personal loan borrowers of other banks/NBFCs can transfer their personal loan to Axis Bank at lower interest rates.

Q. At what minimum CIBIL score can I avail personal loan in Axis Bank?

Ans. 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.