Axis Bank offers personal loans with interest rates ranging from 9.99% 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 84 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 8.70% as of February 2026. 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.
Axis Bank Personal Loan Interest Rates 2026
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 | 9.99% to 16% |
| Salaried – Other Banks | 11.00% to 20% |
| Self-Employed Professionals | 12.00% to 21.00% |
| Pre-approved Axis Customers | From 9.99% |
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% |
| Education-related Loan | Higher education-related expenses | 11.00% – 21.00% |
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.
| 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 |
| Foreclosure Allowed | After 12 months |
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 | 9.99% – 21.00% |
| HDFC Bank | 9.99% – 21.00% |
| ICICI Bank | 10.65% – 22.00% |
| Bajaj Finserv | 11.00% – 26.00% |
| SBI | 10.05% – 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.
Axis Bank Personal Loan EMI Calculator
Your Amortization Schedule (Yearly/Monthly)
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:
- Enter your preferred loan amount (e.g., ₹5,00,000).
- Set the interest rate (e.g., 12.5%) and tenure (e.g., 36 months).
- The calculator will show your monthly EMI and total repayment instantly.
EMI for Axis Bank Personal Loan
Understanding how much you’ll need to repay each month helps in budgeting and loan planning. 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.
| 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 |
| ₹6 Lakh | ₹52,889 | ₹27,826 | ₹19,501 | ₹15,362 | ₹12,896 |
| ₹7 Lakh | ₹61,704 | ₹32,463 | ₹22,752 | ₹17,922 | ₹15,046 |
| ₹8 Lakh | ₹70,519 | ₹37,101 | ₹26,002 | ₹20,483 | ₹17,195 |
| ₹9 Lakh | ₹79,334 | ₹41,738 | ₹29,252 | ₹23,043 | ₹19,345 |
| ₹10 Lakh | ₹88,149 | ₹46,376 | ₹32,502 | ₹25,603 | ₹21,494 |
| ₹15 Lakh | ₹132,223 | ₹69,564 | ₹48,754 | ₹38,405 | ₹32,241 |
| ₹20 Lakh | ₹176,297 | ₹92,752 | ₹65,005 | ₹51,207 | ₹42,988 |
| ₹25 Lakh | ₹220,372 | ₹115,940 | ₹81,256 | ₹64,008 | ₹53,735 |
| ₹30 Lakh | ₹264,446 | ₹139,128 | ₹97,507 | ₹76,810 | ₹64,482 |
| ₹50 Lakh | ₹440,743 | ₹231,880 | ₹162,512 | ₹128,017 | ₹107,470 |
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 | 9.99% – 13.50% |
| 700 – 749 | 13.50% – 17.50% |
| Below 700 | May face a higher rate of rejection |
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.
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