An Axis Bank Personal Loan can help you manage different personal expenses without pledging any collateral. Eligible borrowers can get loan amounts of up to ₹50 Lakh, with interest rates starting from 9.99% p.a.
The repayment tenure ranges from 12 to 84 months, giving borrowers flexibility to choose a repayment period that suits their budget. The application process is digital and paperless, with quick approval and disbursal.
Axis Bank Online Personal Loan Details
Here are the main details of an Axis Bank Personal Loan, including the interest rate, loan amount, tenure, age limit, and processing fee:
| Loan Parameter | Details |
| Interest Rate | 9.99% p.a. to 22% p.a. |
| Age Limit | 21 to 60 years |
| Loan Amount | ₹50,000 to ₹50 Lakh |
| Loan Tenure | 12 months to 84 months (7 years) |
| Processing Fee | Up to 2% of loan amount + GST |
Axis Bank Personal Loan Interest Rates & Charges
Axis Bank Personal Loan interest rates range from 9.99% p.a. to 22% p.a. The final rate can depend on your income, credit profile, repayment history, and other eligibility factors.
Before applying, check the processing fee, foreclosure charges, prepayment charges, and other applicable costs.
| Particulars | Fees & Charges |
| Interest Rate | 9.99% p.a. onwards |
| Loan Amount | ₹50,000 to ₹50 Lakh |
| Net Monthly Income | ₹15,000/month (Existing) / ₹25,000/month (New) |
| Credit Score | 720 to 750 and above |
| Processing Fee | Up to 2% of the loan amount + GST |
| Foreclosure Charges | 2% to 5% + GST |
| Part Prepayment Charges | 2% to 5% + GST |
| Stamp Duty Charges | As per State Stamp Act |
| Penal Interest | 24% p.a. (2% per month) on overdue EMI |
| Instrument Return Charges | ₹339 per instance + GST |
| Swap Charges | ₹500 per instance + GST |
Note: The current rates may vary marginally and are inclusive of other charges.
Axis Bank Personal Loan EMI Calculation
You can use an online EMI calculator to estimate your monthly repayment before applying for an Axis Bank Personal Loan.
The EMI is calculated using the following formula:
EMI = P × R × (1+R)^N / [(1+R)^N − 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate
- N = Repayment tenure in months
Enter the loan amount, interest rate, and tenure to estimate your monthly EMI.
Comparison of Axis Bank Personal Loan Vs Other Banks
Discover the best offers provided by the lenders with our comprehensive comparison of interest rates offered by leading banks. The table aims at helping you make more informed financial decisions.
| Lender | Interest Rates |
| Axis Bank | 9.99% onwards |
| HDFC Bank | 9.99% onwards |
| SBI | 10% onwards |
| ICICI Bank | 9.99% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 9.99% onwards |
| Bajaj Finserv | 10% onwards |
| Tata Capital | 10.99% onwards |
Note: The current rates may vary marginally and is inclusive of other charges.
Axis Bank Personal Loan Eligibility
You need to meet the bank’s eligibility requirements before applying for an Axis Bank Personal Loan.
| Eligibility Factors | Criteria |
| Age Group | 21 years to 60 years at loan maturity |
| Net Monthly Income | ₹15,000 (Axis Bank customers) / ₹25,000 (Non-Axis Bank customers) |
| Employment Type | Salaried doctors, employees of Public/Private Ltd, and Government/PSU staff |
| Credit Score | 720 to 750 or higher |
| Work Experience | Minimum 3 years overall work stability preferred |
Note: The Type of Employment: Salaried doctors, Public & Private limited companies, Government sector employees.
Axis Bank Personal Loan Documents Required
Keep the following documents ready while applying for an Axis Bank Personal Loan:
| Document Type | Accepted Documents |
| Identity Proof | PAN Card, Voter ID, Passport, Driving License |
| Address Proof | Aadhaar Card, Voter ID, Passport, Utility Bills |
| Income Proof | Latest 2–3 months salary slips, Form 16, last 3–6 months bank statements |
| KYC & Application | Completed application form, passport-size photo, online eKYC / Video KYC |
Features of Axis Bank Personal Loan
Here are some of the main features of an Axis Bank Personal Loan:
- No Collateral Required: You can get the loan without pledging any property or asset.
- Loan Amount up to ₹50 Lakh: Eligible borrowers can get funds for large personal expenses or goals.
- Flexible Repayment Tenure: Choose a repayment period between 12 and 84 months.
- 100% Digital Process: Apply online with paperless eKYC and Video KYC.
- Interest Rates Starting at 9.99% p.a.: The final rate depends on your eligibility and credit profile.
- Transparent Charges: Loan fees and charges are disclosed before borrowing.
Steps to Apply for Axis Personal Loan with Buddy Loan
Steps To Apply For a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
Apply for a Personal loan now!
Axis Personal Loan for Government Employees
Axis Bank offers personal loan options for government and public sector employees.
| Loan Parameter | Details |
| Loan Amount | Up to ₹50 Lakh |
| Interest Rate | Starting @ 9.99% p.a. |
| Repayment Tenure | Up to 84 months (7 years) |
| Minimum Income | ₹15,000/month (Existing) / ₹25,000/month (New) |
| Age Eligibility | 21 to 60 years |
| Credit Score | 720 – 750+ |
Also Read: Axis Bank Personal Loan for Home Rennovation
Axis Bank Personal Loan Customer Care Number
You can contact Axis Bank for personal loan queries, account support, or other banking assistance through the following channels:
| Support Channel | Contact Details |
| Toll-Free Customer Care | 1800 4030 / 1800 8911 |
| WhatsApp Banking | Send “Hi” to 7036165000 |
| SMS Balance Check | SMS BAL to 56161600 or 9951860002 |
| Official Portal & Support | https://www.axis.bank.in |
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