Axis Bank Personal Loan Details

Some of the most important Axis Personal Loan details are as mentioned below:

Loan amountRs. 50,000 - Rs. 15 Lakhs
Rate of interest12% - 24%
Tenure12 - 60 months
Lowest EMI possibleRs. 2,224 Per Lakh
Processing fee1.5% to 2% of the loan amount + GST
Processing fee1.5% - 2% of the sanctioned loan amount + GST
Penal interest24% per annum (2% per month) on the overdue instalment
Repayment instruction or instrument return chargesRs. 500 per instance of cheque/ SI/ ECS/ NACH debit instruction dishonour + GST 
Credit Information Companies report issuance chargesRs. 50 per instance per set + GST
Cheque/Instrument swap charges Rs. 500 per instance + GST
Charges for issuing duplicate amortization scheduleRs. 250 per instance per set + GST 
Charges for issuing a duplicate statementRs. 250 per instance per set + GST
Re-issuance of photocopy of loan agreement or documentsRs. 250 per instance per set + GST
Duplicate NOCRs. 500 per instance per set + GST 
Stamp duty chargesAs per the State Stamp Act

Axis Bank Personal Loan Features 

Here are some attractive Axis Bank Personal Loan features:

  • Loan amount: Up to Rs. 15 Lakhs
  • Axis Bank Personal Loan Interest Rates are linked to the bank’s 1-year MCLR and vary between 12% and 24% per annum.
  • Repayment tenure: Up to 60 months
  • Lowest EMI possible: Rs. 2,224 Per Lakh
  • The entire loan Axis Bank Personal Loan process may take up to a maximum of 30 working days from the date of submitting the application, provided your application is complete in all respects.

Axis Bank Personal Loan Eligibility Criteria

Following are the factors that the bank look upon when deciding your Axis Bank Personal Loan Eligibility:

  • Salaried employees, including salaried doctors, employees working with public or private limited companies, government sector employees (including PSUs, Central, and Local bodies), can apply for Axis Bank Personal Loan.
  • Minimum age of the applicant should be 21 years or above
  • Maximum age of the applicant should not be over 60 years at the time of loan maturity
  • Minimum net monthly income of the applicant should be Rs. 15,000 or above
  • The applicant should have a valid set of documents, such as ID, income, and address proof, among other documents, to secure instant Axis Bank Personal Loan.

Documents Required for Axis Bank Personal Loan

Below are the Axis Bank Personal Loan Documents that you will be required to submit:

  • Duly filled personal loan application form
  • Identity proof
  • Address proof
  • Income proof 
  • Loan agreement - Duly signed 
  • Standing Instruction (SI) Request/ ECS Form

Axis Bank Personal Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
Axis Bank Personal LoanRs. 15 Lakhs60 months12% - 24%1.5% to 2% of the loan amount + GST
HDFC Personal LoanRs. 12 Lakhs5 years10.75% - 21.30%Up to 2.50%, minimum Rs. 2,999 & maximum (Rs. 25,000 for salaried)
YES Bank Personal LoanRs. 40 Lakhs60 months13.99% - 16.99%Up to 2.50%, minimum Rs. 999 + taxes
Citibank Personal LoanRs. 30 Lakhs60 months9.99% - 16%Up to 2%
PNB Personal LoanRs. 10 Lakhs60 months8.80% - 11.65%Up to 1% + GST

How to Calculate Axis Bank Personal Loan EMI?

You can instantly calculate Personal Loan monthly instalment using our online Personal Loan EMI Calculator or Axis Bank Personal Loan EMI Calculator. The process is completely hassle-free. The access is open to all, and there are no charges involved. All you need to do is provide - Loan Amount, Rate of Interest, and Tenure for EMI Calculation.

You will instantly get the estimated Axis Bank Personal Loan EMI Online along with the total cost of the loan and the total interest payable. You can compare different combinations and choose the tenure and amount according to your budget. Our loan representative can further help you know about the best offer for your financial needs.

Axis Bank Personal Loan Customer Care

Axis Bank is one of the largest private sector banks of India and thus extends world-class customer service to the consumers. All you need to do is follow 3 simple steps to get your grievances addressed:

Step 1:

You can directly raise a query or make a request or complaint by visiting the bank’s official website. For unanswered requests, send an email through www.axisbank.com/support. It will generate a Service Request Number. Please save it for records.

Make sure you use a registered email id to make a request. Visit Axis Bank Personal Loan Customer Care and Check the status of your complaint on Toll-Free Number: 18004190068.

Step 2:

If you are not satisfied with the response of Axis Bank, Customer Support Team, write a mail to the Nodal Officer. Fill the online form and mention your Service Request Number.

You can also write to Circle Nodal Officer if you are dissatisfied with the response of your branch.

Step 3:

As per RBI guidelines and Banking Ombudsman Scheme, y can write your grievance to Principal Nodal Officer if you are not satisfied with the response.

24 X 7 customer care contact numbers for Axis Bank are 1860-419-5555, 1860-500-5555

You can also contact on +91-22-24252525/43252525

Fax: +91-22-24251800

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Axis Bank Personal Loans FAQs

✅ What is the most convenient way to apply for an Axis Bank Personal Loan?

You can apply for Axis Bank Personal Loan in the following ways:

  • Apply Online
  • In person
  • Through MyMoneyMantra. Our Loan Representatives guide you to avail a hassle-free loan online or offline according to your choice.

✅ What is the turnaround time for the Personal Loan application?

Axis Bank replies to loan queries within a maximum of 30 working days from the date of receipt of the completed applications. At MyMoneyMantra, we help customers submit a duly filled form with all the required documents. We ensure that there is no difficulty in filling the loan application. We work towards the lowest turnaround time for the borrowers.

✅ What are the minimum and maximum limits on Axis Bank Personal Loan?

Axis Bank offers Personal Loan from Rs. 50,000 to Rs. 15,00,000 to the eligible borrowers. However, the approval amount depends on certain factors:

  • Credit profile and credit score of the applicant
  • Monthly income / Employment status
  • Loan requirement and Eligibility factors
  • Repayment capacity, Current debt-to-income ratio

✅ What is the tenure for which I can avail a Personal loan?

The bank offers a personal loan for 12 to 60 months.

✅ Is there any fee to apply for an Axis Bank Personal Loan?

MyMoneyMantra does not charge any fees to help you apply for Personal Loan. Our services are 100% free. Only Axis bank would charge a standard, non-refundable processing fee, which will range between 1.5% to 2% of the loan amount plus GST as applicable. All the dues are clearly mentioned in the loan document, and there is no hidden cost involved.

✅ How do I keep track of my Axis Bank Personal Loan?

Repayment Schedule/ Interest Certificate by directly calling to Axis Bank Call Centre toll-free number: 1860 419 5555.
Or, send an email to loans@Axisbank.com from your registered email id. You can also visit any of the Axis Bank Loan Centers to make the request.
 

✅ Can I make part-prepayment for my Axis Bank Personal Loan? Is it chargeable?

Yes, you are allowed to make a part-prepayment according to your financial capacity. There are currently no additional charges on part-prepayment of Axis Bank Personal Loan.

✅ How do I update my registered details like mobile number, email id?

For updating the personal details, you can call customer care or mail at loans@Axisbank.com

✅ How do I foreclose my Personal Loan? Is there any charge on foreclosure?

It is mandatory to clear all outstanding dues before foreclosing the account. So, request a Foreclosure Statement from the bank. After paying out all of the outstanding dues, submit a foreclosure request. Currently, there is no charge for foreclosure of axis bank personal loan.