Axis Bank Personal Loans are instant Loan approval and come with no foreclosure and part payment charges. Personal Loans is used for various purposes like Children's Education, Medical Emergencies, Wedding Expenses, Home Renovation, Starting a Business or even for closing any other Financial Liabilities. They can be availed when you are planning for a Dream Vacation, Refurbishing your home or planning a dream wedding for yourself or somebody special in the family. Now you requirement did not postpone things on your bucket list! You can get an Axis Bank Personal Loan from Rs. 1,00,000 up to Rs. 25,00,000 with simple & easy documentation and Quick Approval from Axis Bank through LoanMoney. Also, you can transfer your existing high-interest Personal Loan to Axis Bank as well. With a fast approval on Personal Loans, turn your dreams into reality!
At LoanMoney, we understand your journey should continue without any speed bumps. We bring you customized Axis Personal Loans At Attractive Interest Rates. To get started, check your Personal Loan Eligibility Calculator through LoanMoney and also Calculate your monthly EMI through Personal Loan EMI Calculators. Use Personal Loan EMI Calculator to calculate monthly EMIs on the basis of Loan Amount, Interest Rate & Tenure.
Axis Bank provides hassle-free Personal Loan facilities for salaried individuals at attractive Rates of Interest. Axis Personal Loan benefits include simple procedure, minimum documentation along with the Balance Transfer facility to escape higher interest rates of previous loans. Axis Bank is known as a quick and competitive bank when it comes to personal loans. Axis Personal Loan can be deposited to your account within 3 to 5 working days. Apply For Axis Bank Personal Loan in Delhi-NCR Online.
General Information
Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*: 10.75% to 22.50%
Repayment Tenor: 12 Months to 60 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil (After 12 months) or 1% - 4% (Before 12 months)
Illustration: Rs. 1 Lac loan on @10.75% with processing Fees for 60 Months comes to Rs. 1,29,708/- Equated Monthly Instalment shall be: Rs. 2,162/- only.
APR* - Annual Percentage Rate
| Salaried | Self Employed | Professional | |
|---|---|---|---|
| Age | 23 To 58 Years | 25 To 65 Years | 25 To 65 Years |
| Loan Amount | 1 Lac To 40 Lacs | 1 Lac To 20 Lacs | 1 Lac To 20 Lacs |
| Tenure | 12 To 60 Months | 12 To 60 Months | 12 To 60 Months |
| Rate of Interest / APR [Annual Percentage Rate] | 10.50% To 16% | 14% To 20% | NA |
| Features | Part or Preclosure charges Nil | Part or Preclosure charges Nil | Part or Preclosure charges Nil |
| Processing Fees | 0.99% - 2% of loan amount + GST | 1% - 2% | 1% - 1.5% |
| Special | Pre-closure & Part Payment facility available with NIL Charges. | Max loan on Income | Best Rates in Industry |
| Documentation | KYC's & Financial | Address Proof, Identity Proof | Address Proof, Identity Proof & Income Proof |
| Eligibility |
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The following people are eligible to Apply for Axis Bank Personal Loan:
| Particulars | Salaried | Self Employed | Professional |
|---|---|---|---|
| Age(Min-Max) | 23 To 58 Years | 25 To 65 Years | 25 To 65 Years |
| Minimum Income | For Axis A/C holder =Monthly NTH >20k , For External account Holder =Monthly NTH >25k | NA | NA |
| Co-applicant | Not Require | NA | NA |
| Loan Tenure | 12 To 60 Months | 12 To 60 Months | 12 To 60 Months |
| Maximum Loan Amount | Max. 25 Lacs | Max. 20 Lacs | Max. 20 Lacs |
| Employment/Business Continuity | 1 Year Job Stability is Mandatory. | NA | NA |
| CIBIL Score | Minimum 720/- For External customer , For Internal Customer no CIBIL Cutt off | NA | NA |
Document Required for Axis Bank Personal Loan through LoanMoney
LoanMoney will help you to achieve all your financial goals from Axis Bank Personal Loan. With Personal Loan EMI Calculator you can calculate your monthly instalments process before you apply for a Personal Loan and have a definite estimate of your monthly payments well in advance. Quick Form for Personal Loan in India.
Document Required for Salaried Individuals
Post-sanction / Pre-Disbursement Documentation Required
Axis Bank needs other documents after approving the loan and before disbursing the amount. The documents are as follows:
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | 10.50% To 16% {As per Company Category & Salary} |
| Loan Processing Charges | 0.99% - 2% + GST |
| Cheque Bounce Charges | 500/- |
| Cheque/ Instrument Swap charges | 550/- |
| Prepayment/ Foreclosure Charges | NIL after 1 EMI |
| Default Interest Rate | @24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate Statement Issuance Charges | Rs.250/- per instance per set + GST as applicable. |
| Duplicate Amortization Schedule Charges | Rs.250/- per instance per set + GST as applicable. |
| Duplicate Interest Certificate | NA |
| S(Provisional/ Actual) issuance Charges | NA |
Axis Bank provides a personal loan to borrowers who need funds to meet their urgent requirements. Advantages of taking a personal loan from Axis Bank are:
Axis bank’s personal loans will give you a helping hand meet all your personal requirements.
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