Apply for Axis Bank Personal Loan Online

Interest Rate EMI
13.50% - 24.00%

(fixed)

2,301 - 2,877

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 1 EMI's. Part payment allowed 6 times in a year.

Max Eligibility: 40,00,000

yrs

Increase tenure to reduce EMI/maximize Eligibility.

Offer
Interest Rate EMI Processing Fees
13.50% - 24.00%

(fixed)

2,301 - 2,877

(per Lakh)

Axis Bank Personal Loan

Whether it’s a financial need for an international holiday, a wedding a face lift of your home or the need for a quick payment, a Personal Loan is the best option available. But the biggest question which always remains in mind is who are the best lender and how much time would it take to process the loan. Here is the Axis Bank Personal Loan which offers you the most flexible personal loans which would suit all your personal needs when you need it the most.

Features of the Axis Bank Personal Loan

Axis Bank offers Personal Loans to salaried employees with repayment tenures of 1 year to 5 years (12 -60 months).The loan is featured by simple and minimal documentation process and hassle free loan application. A loan amount of Rs. 50,000 to Rs. 15, 00,000 can be availed. The loan features a quick approval so that you can enjoy the money when you need to and not wait for it to come when the need is over.

Benefits of Axis Bank Personal Loan

Axis Bank Personal Loan offers some great benefits. The loan offers no charges on foreclosure or part payment of loan. Also when you repay the loan earlier than stated you earn the eDGE loyalty points which can be redeemed on for shopping on the internet and with Axis Bank Shopping Partners. Earn 150 Points if your disbursal is less than or equal to 3 Lacs, earn 300 points if it is greater than 3 lacs or up to 5 lacs and 450 points if it is above 5 Lacs. Loans are granted to customers depending upon their city and the tier in which the city belongs to. Also if the loan is pre-approved low interest rates an no KYC documentation is required and the loan is granted immediately.

Why should you choose Axis Bank Personal Loan?

Personal Loan needs are varied and depend from customer to customer. Axis Bank understands this and thus its personal loan is designed specifically for your needs. With The interest rates and the charges are extremely competitive and make the loan affordable for salaried employees. You should choose the loan because it has the trust and test of thousands of people. The loan allows you no charge pre-payment options which help you get unburdened whenever you feel like. The customer support is always there to guide you with your queries.

How to apply online for Axis Bank Personal Loan?

To apply online for an Axis Bank Personal Loan you can log on to Finance Buddha and fill in your query on the home page by selecting the Personal Loan Option under ‘what do I want’. Enter the amount of loan you desire and click search. You would be directed to comparison window. Here you need to first fill in your details regarding your company or organization, your loan requirement and any existing EMI`s. After which you shall have the lenders options. Click on Axis Bank and choose Apply Now. Type in your phone number and an OTP would be generated. Fill in the OTP and you shall be directed to the application page fill in the details and complete the form and submit. The bank officials would contact you soon.

Eligibility Criteria for Axis Bank Personal Loan

Axis Bank Personal Loan is available to all salaried employees. All salaried employees belonging to public and private sector including Doctors, public prosecutors, employees of multinational corporations, employees of regular private companies and limited companies, private banks, employees of public sector undertakings, state sponsored companies, Central government departmental employees, state governmental employees, police officers, defense personnel or any person withdrawing salary is eligible to avail the personal loan.

The other conditions that shall apply are follows:

  1. The minimum age limit for applying for the loan is 21 years.
  2. Maximum age of applicant at loan maturity is 60 years
  3. The minimum net monthly income should be Rs. 30,000
  4. The maximum loan amount available is Rs. 500,000

Documents Required for Applying for Axis Bank Personal Loan

The following documents are needed to apply for an Axis Bank Personal Loan (Pre Sanction documentation)
1. The Application Form
2. Your Photograph
3. An Age proof document
4. An Identity Proof Document
5. An Income Proof(for all kinds of salaried employees)
6. A Bank Statement of personal Bank account
7. A Residence proof document 
8. A Signature Verification Proof

Post Sanction or Pre Disbursement Documentation
1. A copy of the Duly Signed Loan Agreement
2. Standing Instruction(SI) Request or ECS form or Post Date Cheque(PDC`s) or Security Cheque required for SI an ECS
3. Along with this the qualification or registration proof documents are required for architects, Chartered Accountants, Consultant, Engineers, Doctors.
4. Please note that document requirements may differ from customer to customer

Axis Bank Personal Loan Interest Rates, Fees & Charges

Axis Bank Personal Loans are available with excellent interest rates which never let you feel burdened. Rate of interest is something which is a concern for all borrowers. Axis Bank Personal Loans offers loan amounts @ 15.50% to 24%. Loan processing charges 1.50% to 2.00% +Service Taxes are applicable on processing the loan amount to customers. Along with this cheque bouncing charges apply at the rate of Rs. 500 per cheque along with service tax as applicable. Cheque swap charges would apply at the rate of Rs, 500 per instance along with Service Tax as applicable. The prepayment or foreclosure charges would be negated as the bank intends to serve you and ease your repayment problems. However installment default interest rate would apply @ 24.00% per annum which means 2%permonth for each over installment. The duplicate statement issuance charges shall be applicable at the rate of Rs. 250 per instance along with service tax as applicable. The charges for issuing duplicate Amortization Schedule would also be at the rate of 250 per instance along with service tax as applicable. The issuance of duplicate Interest Certificate whether Provisional or Actual would be charged @ 250 per instance plus service tax as applicable The CIBIL Report issuance certificate shall be issued at a charge of Rs. 50 per instance along with the applicable service tax. Along with this the Stamp Duty Charges would be as per the State Stamp Act. The charges on issuance of Photocopy of Loan Agreement or related Documents shall be @ Rs. 250 per Instance plus service tax as applicable. 


However it is advised that the customer verifies all details with the bank in person and also update the information regularly from time to time in order avoid any surprises.

Axis Bank Personal Loan Interest Rates, Fees & Charges
Axis Bank Personal Loan Interest Rate15.50% - 24%
Processing Fee1.50% - 2.00% + Service Tax as applicable
Axis Bank Personal Loan Charges
Cheque BounceINR 500 per cheque bounce + Service Tax as applicable
Cheque/ Instrument SwapINR 500 per instance + Service Tax as applicable
Prepayment/ ForclosureNil
Interest Rate on Default Payment@24.00% per annum i.e 2% per month on the overdue installment
Duplicate Statement IssuanceINR 250 per instance + Service Tax as applicable
Duplicate Amortization ScheduleINR 250 per instance + Service Tax as applicable
Duplicate Interest Certificate (Provisional/ Actual) IssuanceINR 250 per instance + Service Tax as applicable
Cibil Report Issuance Charges INR 50/- per instance per set+ service tax as applicable
Stamp DutyAs per State Stamp Act
Issuance of Photocopy of Loan Agreement/ DocumentsINR 250 per instance + Service Tax as applicable

*Interest Rates, Fees & Charges are subject to change as per Bank's discretion from time to time.

*Service Tax as applicable will be levied


Frequently Asked Questions

Up to what amount of loan can I avail?

You can avail a loan from INR 15,000 to INR 1,500,000 but this would be based on your income status.

What can be my loan duration option?

Again depending upon your income and experience the duration would be decided which ranges from 12 to 60 months.

Do I have an option of part pre-payment of loan and is there any charge for the same?

Yes you can repay a part of the loan prior to the actual date> Axis Bank does not charge any prepayment penalty on Personal Loans.

Is foreclosure of the loan permitted? Are there any charges on the same?

Foreclosure is only possible if all outstanding payments and charges have been paid in full. Foreclosure would only be allowed post this. Axis Bank does not charge on foreclosure of loan amount.

What options do I have to pay my EMI`s.?

You can use any of the following to pay your EMI a. Standing Instructions: Automatic Debit from your Axis bank accounts. b. Post dated Cheques c. Electronic Clearing system: Automatic Debit at the end of monthly cycle from your bank accounts other than Axis Bank.

Where can I apply for the loan offline?

You are free to contact Axis Bank customer care at any time and ask for a client visit. You can also step into any Axis Bank branch near you which offers personal loans. You can also request a visit through SMS.

If I change my company or job will it affect my loan or EMI?

Not necessarily only if you continue to pay the EMI`s on time. Kindly update your loan manager about any such change so that the manager can manage your loan better.

What is the response time for the personal loan

Normally the bank would process the application within 30 days from the date of submission of all documents in full.

Does CIBIL play a role in the loan approval?

Certainly as it is a measure of your financial status and your loan histories. Maintaining a healthy CIBIL score would ultimately help your application and also the amount of loan you get and also the duration.

Does Axis Bank levy any charges on loan processing

Yes there would be charges for loan processing ranging from 1.5 to 2% plus service tax.

Reviews   4.91 stars, based on 119 reviews

Personal Loan at lowest interest? Yes! Axis bank provides lowest interest personal loan which is dynamic too. I got 13.5% interest rate on personal loan with the help of Finance Buddha without the process of KYC documentation and any other process of documentation. The process was also without any hassle and quick processing.

 5/5

Finance Buddha, an institute where loans become cheap. I too got a loan from Axis Bank of Rs. 10 lakhs at the interest rate of 13.5% which is lowest as according to the axis bank statistics along with the processing fee of 1% which to is the lowest rate.

 5/5

Finance Buddha, they create the loan for you just like a limited edition car. I got a personal loan from the Axis Bank through Finance Buddha at the cheapest available interest rate and processing fee along with no hassle and quick disbursal of the loan through the team.

 5/5

The loan just increased my joy and fulfilled my need. I got the personal loan from Axis bank which was so captivating through Finance Buddha which played a major role in the acquiring of the loan from the bank at the quickest rate and without any hassle possible.

 5/5

The team never lets you down. Yes! The finance Buddha team members helped me a lot through my journey of getting a loan sanctioned from Axis bank with the best features. They guided me in the whole journey without giving me any hassle process to go through.

 1/5

In no matter of time, the loan gets disbursed to you in your bank account. The service made me special and Finance Buddha helped me gain the service of a personal loan from Axis Bank with the quick disposal of the money as the well quick processing of money too.

 5/5

When you get the loan with the lowest additional expense it becomes a good thing. Small wins actually matter for us. I got a loan with the help of Finance Buddha from Axis Bank which was of low interest and included only KYC documentation so it felt like a personal loan without documents.

 5/5

When I got the loan from Axis Bank without any much trouble I was so happy that my need would be fulfilled easily without any further roaming to the bank. All, this was because of the Finance Buddha team’s support which is not only peculiar but makes you feel special.

 5/5

They tell you getting a loan needs submission of lots of documents. But, Finance Buddha not only makes it easier but also it makes it hassle-free for you. I got a personal loan from Axis Bank through Finance Buddha without any issues and the best interest rates available.

 5/5

Personal loans are hard to get. But, Finance Buddha turned the tables around by offering me with a personal loan from the premium bank Axis bank with many features that just eased my life. I recommend this service to every other friend of mine as I got the lowest interest on the personal loan.

 5/5

The loan just increased my level of anticipation when I got a loan sanctioned from Axis Bank through Finance Buddha within 5 days of applying for the loan without any much hassle of the documentation. They just elevated my trust towards the banks and gave me a belief.

 5/5

I was extremely happy when I received the loan from Axis Bank with the help of Finance Buddha which just changed my belief towards the loans. They provided me with the best loan for me at the cheapest rates on interest and also with quick processing of the loan.

 5/5

Quick processing? I was laughing when I heard it. But, when I applied for a loan with finance Buddha the loan got processed in 24 hours and within 4 days the amount was a credit to my bank account. The loan was available at the best dynamic incentives. GREAT WORK!!

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Finance Buddha, your way of removing the queue ahead of you. When you apply for the loan in a bank there is a long queue and you need to wait. Finance Buddha removes the hassle. I too got loan easily with Axis Bank with Finance Buddha as agent.

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Finance Buddha does not let you visit the bank and submits all the documents on your behalf as a trusted source. They also support you to get the loan at the best criteria for you. I got a loan from Finance Buddha with Axis Bank with best incentives.

 5/5

They just were the most humble representatives while handling you for the loan process. Not, many bank representatives handle their clients like that. I was able to gain a loan from Axis Bank with the help of Finance Buddha because of support of Finance Buddha representatives to gain loan.

 5/5

Finance Buddha, a next level service provider that helped me gain the service of the loan with Axis Bank without any KYC process and without any demand for collateral. The loan was very flexible and provided me with the incentive of low-interest rate and also a hassle-free process.

 5/5

Finance Buddha, a period’s piece in the finance market. They helped me get a loan with Axis Bank which was so flexible and according to my low income it was able to fulfil my EMI needs at the lowest interest and lowest EMI of Rs. 2500 per month.

 5/5

This proved to be a turning point in my life when Finance Buddha helped me getting a personal loan with Axis Bank at my ease with low EMI as well as low-interest rates and processing fees for the loan. The loan was flexible and offered other incentives too,

 5/5

I was in need of a loan and a friend suggested Finance Buddha to me. With their help, I was able to secure a quick loan with quick processing and quick disbursal of the loan into my account within 5 days of the application for the loan. UNMATCHED!!

 4/5

You will be able to secure a quick processing and quick disbursement of the loan if you apply with Finance Buddha? Firstly, I too did not believe but when I tried out they turned out to be more than helpful, they proved to be the second hand actually.

 5/5

My firm is running all because of the seed capital provided by Axis Bank. I had applied for a personal loan with Axis Bank and I was able to secure it easily with the help of Finance Buddha’s team due to their extreme carefulness and sincerity in work.

 4/5

This process couldn’t become a success without the contribution of the Finance Buddha team. They helped me draw a personal loan with Axis bank which was not only dynamic but also had other benefits such as getting the lowest processing fee and lowest interest rate in the market.

 5/5

Fighting for the process of the loan with the banks is gone now all because of Finance Buddha. I applied for a loan and it was extremely hassling free just with few clicks the loan was disbursed to me quickly and smoothly in my bank account. AMAZING TEAM WORK!!

 5/5

Finance Buddha team was extremely helpful to me in gaining a personal loan of Rs.10,00,000 with Axis bank within 5 days of applying for the loan and not without any hassle. They proved to be a turning point in my life with their tremendous dynamic efforts!

 5/5

This turned to be a rare and a beautiful process with me when it came into the picture that my loan has been sanctioned. I applied for a personal loan through Finance Buddha and got one flexible loan with Axis bank all because of Finance Buddha. BEST TEAM EVER!!

 5/5

A phenomenal work by the Finance Buddha team and the Axis bank for granting me a personal loan with their cooperated and flexible efforts! I was able to overcome my financial weakness through flexible loan and hassle free process. Also, the interest rates provided to me were lowest. EXCELLENT!!!

 5/5

I was unable to find loan due to my low credit ability. But, with Finance Buddha I managed to get a personal loan from Axis Bank at 20% rate of interest to fulfil my need. I thank Finance Buddha team for their peculiar cooperation and quick disbursal of loan.

 5/5

Finance Buddha took me through a process of loan which was unheard of i.e. lowest interest rates. But, when I got a loan from Axis Bank at 13.5% I was amazed and the feeling was extraordinary. I would love to apply for a loan again with Finance Buddha soon!

 5/5

There is something special about Finance Buddha that reminds you of it every time when you think of loan. I too got a loan with their help without any hassle and few clicks from the Axis Bank that offered me with a variety of incentives.

 4/5