Axis Bank Personal Loan Interest Rate


Axis Bank offers personal loans with interest rates ranging from 10.49% to 21.00% per annum, depending on the applicant’s credit profile, employment type, and repayment capacity. Axis Bank provides personal loans ranging from ₹50,000 to ₹40 lakh, with repayment tenures between 12 and 60 months. These loans are available to salaried and self-employed individuals.

Understanding the Axis Bank personal loan interest rate is critical before applying. The final rate offered is based on factors such as credit score, income stability, employer category, and whether the applicant holds a salary account with Axis Bank.

Read on to learn more about Axis Bank's personal loan interest rates and their types of personal loans, their fees and charges, and so on.


Axis Bank calculates its personal loan interest rate by adding a fixed margin (called a spread) over the current 1-year MCLR, which is 9.40% as of now. The spread can range from 1.70% to 12.60%, depending on the applicant’s profile. This means the final interest rate can vary based on your creditworthiness and other risk factors.

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Table of Contents:

Axis Bank Personal Loan Interest Rates 2025

Axis Bank doesn’t offer one fixed interest rate for personal loans. The rate depends on the borrowers, whether they work for a listed company, if they already bank with Axis, how stable their income is, and, most importantly, their credit score.

The better the profile, the lower the rate.

Here’s how the Axis Bank personal loan interest rate is generally structured across customer types:

Customer Profile Interest Rate Range p.a.
Salaried – Axis Salary Account 10.49% to 16%
Salaried – Other Banks 11.00% to 20%
Self-Employed Professionals 12.00% to 21.00%
Pre-approved Axis Customers From 10.49%

Note : Borrowers with strong credit (usually 750 or above) and an existing relationship with Axis Bank are more likely to qualify for the lower end of these rates.

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Types of Personal Loans at Axis Bank

Axis Bank offers several personal loan options designed around specific needs—whether it’s a wedding, medical emergency, or home renovation. These loans fall under the broader Axis Bank Personal Loan category but differ slightly in purpose, eligibility checks, and sometimes in interest rate brackets.

All products listed below don't need any collateral. The actual interest rate in Axis Bank for personal loans will depend on the borrower's credit history, income level, and whether they hold a salary account with Axis Bank.

Here’s a breakdown of the most common types of personal loans at Axis Bank, along with their typical use cases and estimated interest rates:

Loan Type Purpose Estimated Interest Rate (p.a.)
Standard Personal Loan General-purpose borrowing 10.49% – 21.00%
Wedding Loan Marriage-related expenses 11.00% – 21.00%
Travel Loan Domestic or international travel 11.00% – 20.00%
Home Renovation Loan Repair or upgrade of a residential home 11.00% – 21.00%
Medical Emergency Loan Sudden medical or hospital expenses 11.00% – 20.50%

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The Axis personal loan interest rates listed above are just estimates. The actual rate you'll get depends on your credit score, income, and other personal details.

If you have a good repayment history and a salary account with Axis Bank, you may be offered a lower rate or quicker approval.

Axis Bank Personal Loan Fees & Charges

When taking a personal loan, it’s important to look at the fees that the Axis personal loan interest rate includes and consider the total cost of borrowing. Charges like processing fees, prepayment penalties, and late payment fees can significantly impact what you pay over the loan term.

Here’s a clear breakdown of the typical costs involved:

Feature Details
Loan Amount ₹50,000 to ₹4,000,000
Tenure 12 to 60 months
Processing Fee Up to 2% + GST
Prepayment Charges 2% to 5% after 12 EMIs
Late Payment Penalty 2% per month on overdue EMI

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Note: These charges apply in addition to the Axis Bank personal loan interest percentage and may vary depending on the borrower's profile. Reviewing these costs in advance can help you avoid surprises and plan your repayments more effectively.

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Comparison of Personal Loan Interest Rates

Before applying for a loan, it’s smart to compare offers from multiple lenders. A lower rate, even by 0.5%, can lead to noticeable savings over time.

The table below provides a quick personal loan interest rate comparison between Axis Bank and other top banks and NBFCs:

Lender Interest Rate Range (p.a.)
Axis Bank 10.49% – 21.00%
HDFC Bank 10.50% – 21.00%
ICICI Bank 10.65% – 22.00%
Bajaj Finserv 11.00% – 26.00%
SBI 11.15% – 15.30%

When you compare Axis personal loan interest rates with other leading banks and NBFCs, Axis Bank holds a strong position, especially for salaried borrowers with a credit score of 750 or above.

In many cases, the Axis Bank personal loan interest rate vs others is more favorable for applicants who already have a salary account with the bank or meet premium eligibility criteria.

If you're evaluating offers, a full personal loan interest rate comparison across lenders can help you decide which product fits your budget and repayment comfort.

Axis Bank Personal Loan EMI Calculator

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Before applying for a personal loan, it's important to check how much you'll repay every month. An EMI (Equated Monthly Instalment) calculator makes this simple by estimating your monthly outflow based on the loan amount, interest rate, and repayment period.

Instead of relying only on the Axis Bank personal loan EMI calculator, you can use the Buddy Loan EMI calculator to get quick and flexible comparisons. It works with Axis Bank data and also lets you explore EMI scenarios across other lenders.

How to use the EMI calculator:

  1. Enter your preferred loan amount (e.g., ₹5,00,000).
  2. Set the interest rate (e.g., 12.5%) and tenure (e.g., 36 months).
  3. The calculator will show your monthly EMI and total repayment instantly.

Using an independent tool like the Buddy Loan EMI calculator helps you understand how changes in tenure or the Axis personal loan interest rate affect your repayment. It’s especially useful if you're comparing multiple banks or figuring out the most affordable plan.

EMI for Axis Bank Personal Loan

Understanding how much you'll need to repay each month helps in budgeting and loan planning. The Axis personal loan EMI calculator is a useful tool to estimate monthly instalments based on your loan amount, interest rate, and tenure.

The table below is based on a standard Axis Bank EMI interest rate and gives a quick view of how your monthly EMI changes with different loan amounts and terms.

Here's a quick look at estimated EMIs for various loan amounts for a period of 1 to 5 years, assuming an 10.5% interest rate.

Axis Bank Personal Loan EMI Calculation
Loan Amount 1 Year 2 Year 3 Year 4 Year 5 Year
₹1 Lakh ₹8,815 ₹4,638 ₹3,250 ₹2,560 ₹2,149
₹2 Lakh ₹17,630 ₹9,275 ₹6,500 ₹5,121 ₹4,299
₹3 Lakh ₹26,445 ₹13,913 ₹9,751 ₹7,681 ₹6,448
₹4 Lakh ₹35,259 ₹18,550 ₹13,001 ₹10,241 ₹8,598
₹5 Lakh ₹44,074 ₹23,188 ₹16,251 ₹12,802 ₹10,747

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Note: These values are indicative and may vary based on exact terms and borrower risk category.

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Factors Affecting Axis Bank Personal Loan Interest Rate

Several factors influence the Axis Bank personal loan interest rate, and understanding them can help you qualify for better terms:

  • Credit Score

    • Applicants with a credit score of 750 or above are more likely to get lower interest rates, as they are seen as low-risk borrowers.

  • Income and Employment Stability

    • A steady income from a reputable employer increases your chances of approval and can lead to more favorable rates.

  • Loan Amount and Tenure

    • Shorter repayment periods and moderate loan amounts typically result in lower rates, as they reduce the bank’s overall lending risk.

  • Existing Relationship with Axis Bank

    • Customers who hold a salary account with Axis Bank or have taken previous loans with a good repayment history may be offered better rates or pre-approved offers.

  • Repayment History

    • A solid repayment track record across existing loans or credit cards shows financial discipline, which positively affects your interest rate.

Impact of Credit Score on Axis Bank Personal Loan Interest Rates

Your credit score is one of the first things Axis Bank checks when you apply for a personal loan. It has a direct impact on the interest rate you're offered. A higher score generally means lower risk for the bank, which can translate to better terms for you.

For most applicants, a CIBIL score of 700 is the minimum required for basic personal loan eligibility at Axis Bank. However, to access the best rates, you typically need a score of 750 or above.

Credit Score Range Estimated Interest Rate
750 – 900 10.49% – 13.50%
700 – 749 13.50% – 17.50%
Below 700 May face a higher rate of rejection

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Understanding the credit score impact on Axis Bank personal loan interest rate helps you prepare before applying. If your score is lower, working to improve your credit score—by paying EMIs on time, reducing credit card balances, and limiting hard enquiries—can make a noticeable difference in loan terms over time.

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⁣Impact of Repo Rate Cut on Axis Bank Loan Interest Rate

While most Axis Bank personal loans come with fixed interest rates, changes in the Reserve Bank of India’s repo rate can still influence how new loans are priced. The repo rate is the rate at which the RBI lends to commercial banks, and it serves as a benchmark for many lending decisions across the financial sector.

When the repo rate is reduced, banks often review and adjust their internal lending benchmarks, which can lead to changes in personal loan offerings for new applicants.

In Axis Bank's case, this might result in:

  • Lower interest rates on pre-approved personal loan offers
  • Revised pricing for new fixed-rate personal loans
  • Shifts in borrower eligibility thresholds, especially for borderline profiles

However, if you’ve already taken a loan, the fixed interest rate on an Axis Bank personal loan remains unchanged, regardless of any repo rate revisions. Fixed-rate loans are locked in at the time of disbursal, so existing borrowers don’t benefit directly from repo cuts.

Understanding the link between repo rate changes and personal loan pricing helps borrowers time their applications better, especially during periods of policy rate reductions by the RBI.

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Frequently Asked Questions

It ranges between 10.49% and 21% per annum based on the borrower's profile.

At 12% interest for 5 years, EMI is approx. ₹44,480/month.

For a 3-year loan at 12%, the total interest is approximately. ₹97,000.

At 11% for 4 years, EMI is approximately. ₹25,805/month.

At 12% for 5 years, EMI is approximately. ₹55,600/month.

Loan amounts range from ₹50,000 up to ₹40 lakhs.

Applicants aged 21–60 with a monthly income of ₹30,000+ and a credit score above 700 typically qualify.

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