Axis Bank Personal Loan

Features & Benefits

Be it a dream vacation, child's education, home renovation or wedding in your family, you can instantly fulfill your aspirations with Axis Bank Personal Loans.
Axis bank’s personal loans will give you a helping hand meet all your personal requirements.

• Loans available for salaried individuals.
• Loans are available from Rs 50,000/- to Rs 15,00,000/-
• Repayment tenures from 12 to 60 months.
• Best in Class Rate of Interest.
• Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
• Simplified documentation.
• Simple procedure, minimal documentation and quick approval.

Earn eDGE loyalty points on Personal Loans

When you take a personal loan
• Earn 150 points if your disbursal is less than or equal to 3 lacs
• Earn 300 points if your disbursal is greater than 3 lacs but less than or equal to 5 lacs
• Earn 450 points if your disbursal is greater than 5 lacs

Personal loan eligibility for Salaried Employees

Salaried Doctors, employees of select MNCs, Public and Private limited companies, Government sector employees including Public Sector Undertakings and Central and Local bodies:
• Minimum age of applicant: 21 years.
• Maximum age of applicant at loan maturity: 60 years.
• Minimum Net Monthly Income: Rs 15,000 .
• Maximum loan available: Rs 15 lacs.

Documents Required for Personal Loan

Identity proof Pan Card/Passport/Election Card/Photo Identity issued by Government, Defense Services, Public Sector undertaking/Driving Licence/Photo Credit Card/Employees ID Card, Letter/card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
Income proof Latest salary slip showing all deductions or Form 16 along with current dated salary certificate or ITR (last 2 years).
Residence proof Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo and address/ Ration Card/ Latest Property Tax / Water Tax bill.
Signature Verification Valid Passport /Pan Card/ Processing Fee Cheque/ Banker's Verification Letter.
Proof of telephone Latest bill of landline or mobile or WLL stating name of borrower or address of borrower.
Guarantor Optional

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Interest Rates & Charges

Personal loan Interest Rates & Charges

Rate of Interest 15.50% to 24%
Loan Processing Charges 1.50% to 2.00% + Service Tax as applicable
Cheque Bounce Charges Rs. 500 per cheque bounce + Service Tax as applicable
Cheque/ Instrument Swap charges Rs.500 per instance + Service Tax as applicable
Prepayment/ Forclosure Charges Nil
Default Interest Rate @24.00% per annum i.e 2% per month on the overdue installment
Duplicate Statement Issuance Charges Rs 250 per instance + Service Tax as applicable
Duplicate Amortization Schedule Charges Rs 250 per instance + Service Tax as applicable
Duplicate Interest Certificate (Provisional/ Actual) issuance Charges Rs 250 per instance + Service Tax as applicable
Cibil Report Issuance Charges Rs. 50/- per instance per set+ service tax as applicable
Stamp Duty Charges As per State Stamp Act
Issuance Charges for Photocopy of Loan Agreement/ Documents Rs 250 per instance + Service Tax as applicable
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