Axis Bank Personal Loan

Below are the key highlights of Axis personal loan:

Here are some attractive features of the Axis Bank instant personal loan:

• Loan amount: Up to Rs. 40 Lakhs.
• Interest rate: Axis Bank offers fixed as well as floating personal loan interest rates ranging from 11.10% to 22% p.a.
• Repayment tenure: 12 to 84 months.
• Lowest Per Lakh EMI possible: Rs. 1,689 per Lakh. 
• Purpose: Wedding, home renovation, travel, higher education, or any emergency.
• Types: Personal loan for salaried, Personal loan for women, Pre-approved personal loan, Emergency loan, and Unsecured loan.
• Type of interest rate: Fixed; Linked to 1-year MCLR of the bank.

Axis Bank offers personal loans at floating as well as fixed interest rates. The floating Axis Bank personal loan interest rates start from 11.10% p.a. The floating rate may change as per the market conditions. The fixed Axis personal loan interest rates start from 11.25% and remain unchained throughout the tenure. Axis Bank personal loan interest rates may vary depending on various factors, including the loan amount, the borrower’s relationship with the bank, the CIBIL score of the borrower, and so on.

You can instantly calculate your Axis Bank personal loan EMI using our online Axis Bank personal loan calculator tool. The process is completely hassle-free and free of charge. All you need to do is provide the Loan Amount, Rate of Interest, and Tenure for EMI Calculation.

You will instantly get the estimated loan EMI online, along with the total cost and the total Axis Bank personal loan interest payable on the loan. You can compare different combinations and choose the loan amount and tenure that fit your budget. Our personal loan representatives can further help you in finding out the best personal loan offer for your financial needs.

The following are the fees and charges applicable to the Axis Bank personal loan:

• Processing fee: 1.5% to 2% of the loan amount + GST.
• Part & full prepayment charges: 3% for tenure up to 36 months & 2% for tenure above 36 months.
• Loan cancellation charges: Interest till the date of cancellation if closed in 0 to 3 days and after 3 days, the cancellation will be considered as a foreclosure.
• Repayment instruction or instrument return charges: Rs. 339 per instance of cheque/ SI/ ECS/ NACH debit instruction dishonour + GST.
• Penal charges: 8% p.a. above the applicable interest rate on the amount overdue (maximum up to 24% p.a.) per instance.
• Cheque/Instrument swap charges: Rs. 500 per instance + GST.
• Charges for issuing duplicate amortization schedule: Rs. 250 per instance per set + GST.
• Charges for issuing a duplicate statement: Rs. 250 per instance per set + GST.
• Credit Information Companies report issuance charges: Rs. 50 per instance per set + GST.
• Charges for generating No Dues Certificate (NDC): Rs. 50 per instance per set + GST.
• Stamp duty charges: As per the State Stamp Act.

The following are the Axis Bank personal loan eligibility criteria:

• Occupation: Salaried employees, including salaried doctors, employees working with public or private limited companies, and government sector employees (including PSUs, Central, and Local bodies).
• Age: The minimum age of the applicant should be 21 years when applying for the loan, and the maximum age should not be over 60 years at the time of loan maturity
• Minimum net monthly income: At least Rs. 15,000 for Axis Bank customers and Rs. 25,000 for non-Axis Bank customers

If you meet the eligibility criteria of Axis personal loan apply with the following documents:

• KYC documents: Passport/ Aadhaar Card/ PAN Card/ Driving License/ Voter’s ID
• Income proof: Last 3 months' Bank Statements, latest 3 Salary Slips, and the latest Form 16
• Post-sanction documents: The signed loan agreement or ECS mandate.

If you want an Axis Bank personal loan apply on MyMoneyMantra by following the step-by-step process mentioned below:

• If you are looking for Axis Bank personal loan online apply by visiting our homepage. Under the 'Personal Loan' tab, select your preferred lending partner.
• Fill in the loan application on the website by providing the required details like your name, loan amount, employment details, income, bank, mobile number, etc.
• As you successfully fill in the required information on the website, a unique one-time password (OTP) will be sent to you. Use it to log in to the website.
• Based on the inputs, the best deals will be shared with you. Compare their features and choose according to your requirements and repayment capacity.
• Throughout the process, our personal loan experts will advise you and guide you at each step.

You can use any of the following 4 methods to check your Axis Bank personal loan status:

• Online through Axis Bank’s Website: Log in to your Axis Bank online banking account using your credentials to review your loan status and other details.
• Online through Axis Bank’s Mobile Application: Download the Axis Bank mobile banking app and log in with the created PIN to know your personal loan application status, payment schedule, and other details.
• Through Axis Bank Customer Service: Contact Axis Bank customer service at 1860-419-5555 or 1860-500-5555 to check your personal loan status.
• Through Email Alerts or Notifications: Once you have applied for a loan, Axis Bank regularly sends you emails and notifications regarding the updated status of your personal loan.

For Axis Bank personal loan inquiries, you can contact their customer care numbers given below: 

• Axis personal loan customer care numbers: 1860 419 5555/ 1860 500 5555.
• Toll-free numbers: 1800 209 5577/ 1800 103 5577
• Contacting from outside India: +91-22-67987700.

Loan services are available between 8:00 a.m. and 8:00 p.m. from Monday to Saturday (excluding national holidays).