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Bank

Axis Bank Personal Loan

Instant personal loans with competitive interest rates and a convenient digital application process.

Axis Bank logo

Bank

Axis Bank

Compliance Status

RBI Regulated Lending Institution

About Axis Bank

Axis Bank Personal Loan helps borrowers manage medical expenses, weddings, travel, education and home improvement with unsecured financing. Eligible customers can apply for loans up to ₹40 lakh with interest rates starting from 9.99% p.a., flexible repayment options and quick approval. The loan is designed for salaried as well as eligible self-employed individuals seeking hassle-free access to funds.

Loan Features & Particulars in Detail

Review comprehensive fee schedules, limits, and operational tenures for Axis Bank.

ParticularsDetails
Loan Amount50,000 to 5,00,000
Interest RateStarts From 9.99%
Loan Tenure12 Months to 84 Months
Disbursal Time24 Hours
Processing FeeStarts from 1.15%
Foreclosure ChargesAs Per Bank's Policy

Criteria & Documentation

Verify borrower qualifications before initiating your application.

Age Requirement

Between 21 and 65 years at time of maturity.

Minimum Income

Monthly net salary of ₹20,000+ for salaried professionals.

Credit Score

Preferred CIBIL score of 700+ for optimal interest rates.

Employment

Minimum 1 year total work experience with 6 months in current firm.

Why Choose Axis Bank

Competitive Interest Rates

Attractive annual percentage rates structured for your disposable income.

Fast Digital Sanction

Instant in-principle sanction with electronic agreement signing.

Zero Collateral Needed

100% unsecured borrowing without pledging personal property or gold.

Flexible Repayment Tenures

Tenures spanning up to 84 months for smooth monthly EMI planning.

Understand Your Loan: Annual Percentage Rate (APR)

The APR represents the true annualized cost of borrowing with Axis Bank. It accounts for the nominal interest rate, processing charges, documentation fees, and mandatory stamp duties. Personal loan APRs generally range between 11.2% and 36% based on borrower risk profiling and income documentation.

Representative Example: A ₹5,00,000 personal loan at 10.50% interest for 3 years with a 2% processing fee (₹10,000) corresponds to a monthly EMI of approx. ₹16,253 and an effective APR of 11.89%.

Ready to Apply for Axis Bank Personal Loan?

Check your eligibility in 2 minutes with zero impact on your CIBIL score.

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Partner FAQ

Frequently Asked Questions

Common inquiries about Axis Bank personal loans.

01What is the maximum loan amount offered by Axis Bank?
Axis Bank offers personal loans up to ₹40 lakh, subject to eligibility.
Interest rates begin from 9.99% per annum.
Borrowers can choose repayment tenures of up to 60 months.
No, Axis Bank Personal Loan is an unsecured loan.
Eligible salaried and self-employed individuals with stable income and good credit history can apply.