Axis Bank Personal Loan - Apply Online @12%

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.

Institution Type: Bank

Minimum Loan Amount: ₹50,000

Maximum Loan Amount: ₹1,500,000

Minimum Tenure: 12 months

Maximum Tenure: 60 months

Interest Rates: 12% - 21.00%

Fees & Charges: 1.50% to 2.00% + GST as applicable

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 ₹50,000 to ₹1,500,000 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.

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 ₹300,000, earn 300 points if it is greater than ₹300,000 or up to ₹500,000 and 450 points if it is above ₹500,000. 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 and no KYC documentation is required and the loan is granted immediately.

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

*Service Tax as applicable will be levied

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 @ 10.49% to 21%. 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 ₹500 per cheque along with service tax as applicable. Cheque swap charges would apply at the rate of ₹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% per month for each over installment. The duplicate statement issuance charges shall be applicable at the rate of ₹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 ₹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 @ ₹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 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, defence 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 ₹15,000.
4. The maximum loan amount available is ₹1,500,000.

The following documents are needed to apply for an Axis 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.

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.

To apply online for an Axis Bank Personal Loan just fill in the simple form above. 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 Finance Buddha Team will contact you soon.