Personal Loan from Axis Bank

Axis Bank Personal Loan

Axis Bank division of personal Loan provides unsecured, collateral free Loans upto Rs. 20 Lacs to Employees of Private Limited, Government, PSU and Defence Personel with Minimum Documents and Fastest Loan Processing. Be it a home decoration or wedding or traveling to your favorite destination, you can instantly fulfill it with Axis Bank Personal Loans. So don't think, make it happen!

The features of our Personal Loans are :-

  • No Pre-payment and foreclosure charges after 1 EMI only.

  • Part Payment Facility with Nil Charges

  • Flexible repayment tenure”.

Click Here to Apply
  Self Employed
Age 25 - 65
Loan Amount 1-20 Lacs
Tenure  12-60
Rate of Interest / APR [Annual Percentage Rate] 15% - 22 %
Processing Fees 1 - 2%
Special Max loan on Income
Documentation Address Proof; Identity

Upto 70% of EBIDT as EMI

Axis Bank Personal Loan Eligibility Criteria for Salaried Employees

Graduate, MBA, Doctors, CAs, employees of MNCs/Public/Private/Government/Public Sector Undertakings and Central and Local bodies:

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 58 years
  • Minimum Net Monthly Income: Rs 15,000
  • Maximum loan available: Rs 15 lacs

Axis Bank Personal Loan Eligibility Criteria Self-employed Professionals

Self-employed professionals include self-employed Doctors (MBBS and higher degree) having majority of their income from practice, Architects, Chartered Accountants & Company Secretary.

  • Minimum age of applicant: 24 years to 65 years at the time of loan maturity
  • Minimum Annual Net Profit: Rs 2 lac per annum
  • Maximum loan available: Rs 20 lacs for Self Employed doctors
  • Special scheme for Self Employed doctors

Click Here to Apply

How do I repay the loan?

You can repay the loan in Equated Monthly Installments (EMIs) through post dated - cheques, Standing Instructions and ECS facility.

Are there any additional charges?

A processing fee of 2% of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.

Can I prepay my loan?

Yes, you can prepay the entire loan outstanding any time. No Prepayment charges to be levied on the outstanding loan amount. Part Prepayment is permitted.

Do I need to open an account with Axis Bank for availing and/or servicing the loan?

Click Here to Apply

Documents Required for Axis Bank Personal Loan:

  • Application form
  • Photograph
  • Age proof
  • ID proof
  • Income proof
  • Bank statement
  • Residence proof
  • Signature verification proof

Post Sanction / Pre Disbursement Documentation

  • Loan Agreement duly signed
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). Security Cheques required for SI and ECS

Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers Documentary proofs required may vary from customer to customer

Click Here to Apply

  • Rate of Interest :

Varies As Per Company Category Starts from 10.99% to 15.00%
  • Loan Processing Charges :

1.50% to 2.00% + Service Tax As per Loan Amount
  • Cheque Bounce Charges : 

Rs. 500 per cheque bounce
  • Foreclosure Charges :

Anytime with No Charges
  • Partial Repayment :

Anytime with No Charges Minimum Amount > 2 EMI
  • Default Interest Rate :

@24.00% per annum i.e 2% per month on the overdue installment

Click Here to Apply

  • Axis Bank Launches New Home Loan Product

    Aiming to ram u its mortgage book volumes and execting better credit behaviour,16Axis Bank16launched a home loan roduct that entails waiving off a few EMIs during the course of a loan. The third largest rivate sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 1th year of a two-year Read More

  • Axis Bank Raises USD 500 mn from bonds

    Private sector Axis Bank today said it has raised USD 5 million from bonds to fund global business.16 The bank has issued senior fixed rate bonds aggregating to USD 5 million under the Medium Term Note (MTN) Programme through its Dubai International Financial Centre (DIFC) branch, Axis Bank said in a regulatory filing.16 The notes will be listed at the Read More

  • Did Axis Bank lap up FreeCharge for a song, or pay a tad too much?

    India17s third-largest rivate-sector lender Axis Bank snaed u beleaguered digital wallet firm16FreeCharge for $6 million (Rs 5 crore) last week. In the rocess, it ied other suitors such as bigger digital wallet firms Paytm and MobiKwik, e-commerce major Amazon, ayments firm PayPal, Airtel Money and South Africa17s Internet grou Nasers. Though FreeCharge is a oular wallet brand with decent recall, Read More

  • Axis Bank Q1 profit falls 16% to Rs 1,305.60 crore, asset quality stable

    Private sector lender Axis Bank on Tuesday osted 16 er cent fall in net rofit at Rs 15.6 crore for the quarter ended June , against Rs 1,555.5 crore in the corresonding quarter last year.16 Net interest income (NII) of the lender slied .6 er cent YoY to Rs 4,616 crore during the quarter under review. It had reorted NII Read More

Click Here to Apply
About Axis Bank Personal Loan

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994.

The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

Click Here to Apply
Features of Axis Bank Personal Loan
  • Employees of select MNCs, Public and Private limited companies.
  • Government sector Employees including Public Sector Undertakings and Central and Local bodies, Quick Loans Process
  • Corporate Salary Account Holders
  • Self-employed Professionals include Doctors, Architects, Chartered Accountants & Company Secretary.
  • Total Repayment example:-
  1. Loan Amount            100000
  2. Rate                        10.99%
  3. Tenure                    60 Months
  4. Processing Fees         2%
  5. Interest                    30425
  6. Processing Fees        2000
  7. Total Repayment      130425

Click Here to Apply
Special Features & Benefits of Axis Bank

      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 20,00,000/-
    • 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
Apply Axis Bank Personal Loan
Like/Follow LoanMoney on Facebook Follow LoanMoney on Twitter Read LoanMoney Blog Follow LoanMoney on LinkedIn Follow LoanMoney on Google Plus Watch LoanMoney Videos on Youtube