axis bank personal loan

Axis Bank Personal Loan Starts @ 10.49%*

Get processing fees as cash back

Personal loan in Bangalore

Minimum Loan Amount : ₹ 1 Lakh

Personal Loan at Glance

Annual Percentage Rate:10.49%-24%

Repayment Tenure : 24 - 84 Months

Loan Amount : From 1 Lakh to 50 Lakhs

Axis Bank Personal Loan in Bangalore

Axis Bank is one of the largest banks in India with about 4000 branches and about 12000 ATMs, and it offers all kinds of financial services including personal loans. It offers a comprehensive package of personal loans to meet the immediate requirements of funds. The simple loan processing and documentation would attract customers to take a personal loan from Axis Bank in Bangalore.


No collateral required to avail personal loan so no risk of losing any asset


Processing fee: 1% to 1.5%

Representative Example

If the availed loan amount is 1 lakh at interest of 11% with the processing fee of ₹1000 for repayment period of 24 months, total payable interest is ₹11,984/- Monthly EMI will be ₹4,666/- and the total amount payable by the the csustomer with interest and Processing Fee: ₹1,11,984/-

Axis Bank Personal Loan Details

Rate of Interest 10.25% - 24%
Loan Amount Up to 40 Lakhs
Processing Fees 0.5% - 0.99% (Get processing fees as cash back)
Repayment instruction / Instrument return charges Rs.339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Swap charges (Cheque/Instrument) Rs.500/- + GST as applicable
Penal Interest 24% per annum
Duplicate statement issuance charges Rs.250/- + GST as applicable
Duplicate Amortization schedule issuance charges Rs.250/- + GST as applicable
Credit Information Companies (CICs) Report Issuance Charges Rs. 50/- + GST as applicable
No Dues Certificate generation charges (Duplicate) Rs.50/- + GST as applicable
Stamp Duty Charges As per State Stamp Act
Foreclosure/ Part Prepayment Charges Foreclosure charged on loan outstanding, pre-payment charged on amount of part payment(No locking period)
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for greater than 36 months
Part payment available No locking period-Charges applicable
Part payment Charges "0%" for 10 lakhs & above, post 12 EMI's
Foreclosure charges 'NIL' LOAN AMT>=10LACS,FORECLOSURE CHARGES: "NIL" Post 12 EMI's s.t. closure done through own funds

EMI Calculator



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Eligibility criteria for axis bank personal loan

Following are basic eligibility criteria for axis bank personal loan

For Salaried

  • Minimum Age: 21 years
  • 20,000/- for axis bank Account holder
  • Work Experience: Minimum work experience should be 1+ years & with current employer minimum 1 month

For Self Employed Professionals

  • Minimum Age: 25 years
  • Minimum Annual Income: 5,00,000/- per year
  • Work Experience: Minimum 3 years in business with proper Certification & Licence

Documents Required for Personal Loan

For Salaried

  • Identity & Age Proof: Pan Card, Aadhar Card, Voter ID, Passport
  • Address proof: Passport, driving licence, Voter ID, utility bills (electricity/water/gas), Registered Rental Agreement
  • Bank statements for the last 3 months
  • Salary Slips along with latest Form 16 or ITR or your company offer letter
  • Bank Statements Latest 3 months or 6 Months Bank Passbook

Personal Loan Eligibility Calculator


For Self-Employed Professionals

  • Identity & Age Proof: Pan Card, Aadhar Card, Voter ID, Passport
  • Residence proof: Passport, Driving licence, Voter ID, Utility bills (electricity/water/gas), Registered Rental Agreement
  • Date of Birth proof: Passport, Driving licence, Pan Card, Birth Certificate, 10 th or 12 th Marks Card, or Aadhar Card
  • Bank Statements: Latest 3 months or 6 Months Bank Passbook
  • Latest Income Tax Returns
  • Last 2 years Balance Sheet and Profit & Loss Account and duly certified by a Chartered Accountant

why to choose Axis Bank for personal loan?

  • We help to get the loan at the lowest interest rate offers by multiple Banks and NBFCs
  • We allow you to compare loan interest rates
  • Easy loan Process
  • We assist you with documentation until the loan disbursal.
  • We guide you in loan Repayment & Pre-payment
  • Our support is available even post loan disbursement

How to apply for a personal loan with Axis Bank?

  • Submit your details
  • You will get a call from our customer support team
  • Our Executive will come and collect required documents
  • Loan Approval and disbursement

Things to keep in mind while applying for a personal loan in Bangalore

  • Firstly, try with the branch of your bank, if you have any prelateship with the bank such as a salary or savings account or if you have taken any loan as it is easier to verify your KYC
  • Compare personal loan interest rates, processing charges, the penalty for pre-payment/foreclosure, etc. with various banks and decide
  • You should have maintained a high credit score as it increases the chances of your loan getting approved. Remember, this is only of the conditions for eligibility. The bank will evaluate it along with other conditions while reviewing your loan application to approve the loan
  • If you have existing loans ensure the repayments are on time. As it is also an important factor to improve your chances of getting the loan