Axis Bank Personal Loan: Features, Eligibility and Interest Rate

Axis Bank is a popular and the third-largest private sector bank in India. It offers the entire spectrum of financial services for personal banking. It also offers a range of loans designed for your unique needs. In this post, I will discuss all the Axis Bank Personal Loan apply.

Table of Contents

Axis Bank Personal Loan

Axis personal loan is instant with minimal documentation. The loans come with no foreclosure and part payment charges. You can get loans from Rs. 50,000 to Rs. 15 lakhs for a tenure of 1 to 5 years.

These loans can be used for various purposes. You can use it for any personal expenses such as for vacation, renovating your home, arranging a dream wedding, medical expenses, etc.

Features and Benefits of Axis Bank Instant Personal Loan

1. Loans for salaried individuals working in government and private companies.

2. You can get loans ranging from Rs 50,000 to Rs 15 lakhs.

3. Loan’s approval is speedy with minimal documentation.

4. There are zero charges on foreclosure and part payment.

5. The tenure can range from anywhere between 12 months to 60 months.

6. Axis customers can avail of the best interest rates for this loan.

7. You can easily transfer your existing high-interest rate personal loans to Axis Bank as well.

8. You may opt for the EMI facility to ease the burden of paying off the loans immediately.

9. Get an estimate of your monthly payments before applying for the loans using the EMI Calculator.

10. You can use your loans for plenty of purposes.

Eligibility for Axis Personal Loan apply

Eligibility criteria are as follows:

1. Salaried employees who can take it include:

Salaried doctors.
Government sector employees including PSU, Central, and Local bodies.
Salaried employees of public limited companies
Salaried employees of private limited companies.

2. Minimum age of 21 years.

3. Maximum age of 60 years at the time of the loan maturity.

4. Individuals who have a minimum net monthly income of Rs. 15,000.

Documents required

You need to submit the following documents when applying for a personal loan from Axis Bank:

1. Duly filled application form

2. KYC documents

3. Proof of income

4. Bank statement

5. Age proof

6. The loan agreement duly signed.

7. ECS Form / Standing Instruction (SI) Request

Interest Rates & Charges

1. The interest rate for Axis Bank personal loan offer is 12% to 24%.

2. The loan processing charges range between 1.5% to 2% of the loan amount + GST.

3. Repayment instruction / Instrument return charges are Rs 500/- per instance + GST.

4. Cheque swapping charge is Rs 500/- per instance plus GST.

5. Duplicate statement issuance charges are Rs 250/- per instance + GST.

6. Duplicate Amortization schedule issuance charge is Rs 250/- per instance per set plus GST.

7. Re-Issuance of a photocopy of loan agreement/documents are Rs 250/- per instance + GST.

8. Credit Information Companies Report issuance charge is Rs 50/- per instance per set plus GST.

9. Duplicate NOC issuance charges are Rs 500/- per instance per set + GST.

Note: Subject to change as per Bank’s discretion from time to time. To check the latest interest rate and charges, please click here.

How to apply for Axis Bank Personal Loan?

You can apply for it in any of the following ways:

1. Through online mode. Click here to apply.

2. You can visit any Axis Bank Loan Centre to apply in person. To find the one nearest to you and hours of service, click here.

3. You can also apply by calling the Call Centre. To find the Axis Bank customer care number, please click here. Always use the Axis customer care numbers displayed on Bank’s official website.

Final Thoughts

I hope now you know how to get Axis Bank Personal Loan. Loans approval is speedy and hassle-free. Minimal documentation is required to avail of this. You can apply for Axis personal loan online and turn your dreams into reality.