Axis Bank offers personal loan amounts between Rs. 50,000 and Rs. 15 lakhs at interest rates starting from as low as 10.49% p.a. And processing fee of 1.5%-2%. You can repay the loan amount in flexible tenure of 12 to 60 months in EMIs.
Some of the most important Axis Bank Personal Loan details are as mentioned below:
|Loan amount||Rs. 50,000 - Rs. 15 Lakhs|
|Rate of interest||10.49% - 21% p.a.|
|Tenure of repayment||12 - 60 months|
|Lowest EMI possible||Rs. 2,149 Per Lakh|
|Processing fee||1.5% to 2% of the loan amount + GST|
|TAT||The entire Axis Bank Personal Loan process can take up to 30 working days from the application submission date, if your application is complete in all respects.|
In addition to the Personal Loan Interest Rates, the borrower will also have to bear the following charges for the loan:
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate|
|Axis Bank Personal Loan||Rs. 15 lakhs||60 months||10.49% - 21% p.a.|
|HDFC Personal Loan||Rs. 40 Lakhs||60 months||10.50% - 21%|
|ICICI Bank Personal Loan||Rs. 20 Lakhs||60 months||11.25% - 21%|
|SBI Personal Loan||Rs. 20 Lakhs||72 months||9.60% - 15.65%|
|PNB||Rs. 10 Lakhs||60 months||8.80% - 11.65%|
Also, know the Axis Bank Balance Check Number service.
You can calculate the total interest paid as well as total EMI payment using our Personal Loan EMI Calculator. Just insert the required values, such as the loan amount, interest rate, and the loan amount, to know the result instantly.
You can avail customer care services of Axis Bank by calling the following numbers:
For Retail Banking:
For Agricultural and Rural Services:
To apply for Axis Bank Personal Loans With The Lowest Interest Rates through MyMoneyMantra, you will have to follow the steps indicated below:
Our team will be assisting you all along and will help you choose the best deal. All the guidance will be provided without any charges.
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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The approval for the Personal Loan is conveyed within 30 working days from the date of receiving the application. The date considered will be the date when the application that is complete in all respects is submitted along with the entire set of documents required to process the loan application.
The quantum of the loan ranges from Rs. 50,000 to Rs. 15 Lakhs. The quantum is based on the requirement of the applicant, the repayment capacity, the income, and the credit score of the applicant.
A processing fee at 1.5% to 2% of the loan along with applicable GST will be collected for Axis Bank Personal Loan.
Axis Bank provides various options to apply for the Personal Loan:
Flexible repayment period ranging from 12 months to 60 months will be provided
When you apply for Axis Bank Personal Loan, you will get an application ID. To check the status of the loan application online, you will have to access the website of the bank and select the 'checking of loan application status' option. Enter the application ID and Date of birth. On entering the Captcha displayed on the screen you will get the application status.
You can also contact Customer Care that will provide you with the application status on providing the application ID along with the date of birth or the registered mobile number.
You can get the repayment schedule and the loan statements by:
You can make the repayment of the Personal Loan through various modes as detailed below:
Yes, prepayment is permitted for the Personal Loan. Currently, the bank does not collect any charges for the prepayment.
Axis Bank Personal Loans rates range from 12% to 24% p.a.
Before going for foreclosure of the Personal Loan Account, the entire outstanding loan amount has to be cleared by obtaining a foreclosure statement from the nearest Axis Bank branch. Thereafter, a loan closure request has to be submitted at the Loan Centre of the bank. Once the request is received, the bank will process the loan closure. At present, the foreclosure of Personal Loan is permitted without any charges.
The first thing that the bank would check on accepting the loan application is the credit score. The credit score stipulated by Axis Bank for a Personal Loan is 750 and above. Before applying for the loan, verify the credit score and check if it is within the required level. If the score is less than the mandatory level, examine the reason for the low score. If there are too many loans, you contemplate on closing the loans that are nearing the maturity date. If there are credit card dues, regularise the same to improve the score.
If the reason for the low score is discrepancies in the credit history, then get the discrepancies rectified before applying for the loan.
Apply for the loan only after the credit score is within the required level.
It is necessary to calculate the EMI for the desired amount before applying for the loan to check if the EMI is affordable. You can calculate the EMI manually by applying the formula, but it will be an elaborate process that would consume a lot of time. With the EMI calculator, the calculation has been made very simple and fast. All you have to do is access the EMI calculator on the website of the bank and provide the three components, i.e., the loan amount, loan tenure and the rate of interest. The EMI will be calculated instantly. You can do the calculation multiple times with different combinations until you arrive at the affordable EMI.