Axis Bank offers up to 40 lakhs instant personal loans with a 10.49% p.a. interest rate. If you have a Rs. 15,000 net salary, you may apply for an Axis Bank personal loan. The loan tenure is 5 years.
Axis Bank also provides pre-approved personal loans to their loyal customer. There is no physical paperwork. The entire process is online.
Axis Bank Personal Loan Quick Recap
| Loan Amount | Up To 40 Lakh |
| Interest Rate | 10.49% to 22% p.a. |
| Tenure | 1 -5 years |
| Age Required | 21 -60 years |
| Monthly Salary | Rs.15,000 Net |
| Processing Fees | Up to 2% |
| Eligible For | Salaried Person |
Benefits of Axis Bank Personal Loan
Competitive Interest Rate: Axis Bank provides a flexible interest rate. The interest rate starts from 10.49% to 22% per annum.
Loan Tenure: The loan repayment tenure is up to 5 years. You may choose the flexible tenure.
High Loan Amount: You may be eligible for Rs. 50,000 to Rs. 40 lakhs loan as per your monthly income.
Less Documentation: The documentation process is minimal. You have to submit KYC documents & income proof to get the personal loan.
Instant Loan: You will get an instant loan. Axis Bank personal loan provides a fast loan disbursement process.
No Collateral: Applicant can apply for a personal loan without collateral or security.
Comparison of Other NBFCs/Bank’s Personal Loan Interest Rates
| Banks/NBFCs | Interest Rates(p.a.) | Income Required | |
| WeRize | 14.00%-21.00% | Net Salary Rs.12,000 | Apply Now |
| MoneyWide | 16.83% to 32.83% | Net Salary Rs. 25,000 | Apply Now |
| InCred | 18% onwards | Net Salary Rs. 15,000 | Apply Now |
| PaySense | 16.80%- 27.60% | Net Salary Rs. 18,000 | Apply Now |
| HDFC | 10.75%- 21% | Net Salary Rs. 40,000 | Apply Now |
| Upward | 9% – 32% | Net Salary Rs. 21,000 | Apply Now |
| Payme India | 18% to 42% | Net Salary 15,000 | Apply Now |
Also Read: Personal Loan for Minimum Salary 13,000
Eligibility Criteria for Axis Bank Personal Loan
The following eligibility criteria are required to apply for an Axis Bank personal loan:
- You have to have Indian Citizenship
- The applicant’s monthly salary should be Rs. 15,000 or more.
- Age required 21 years to 60 years.
- The work experience should be a minimum of 3 years.
- The customer should be a salaried person.
Documents Required for Axis Bank Personal Loan
- KYC Documents (Aadhaar Card/ Passport/ Voter Card/ Driving License/ Job Card)
- Address Proof (Aadhaar Card)
- Identity Proof (Pan Card)
- Last 2-month salary slip
- Recent 1 month’s salary account statement
- Passport Photo
Also Read: 7 ways to maximize your personal loan application
Axis Bank Personal Loan Fees & Charges
| Processing Fees | Up to 2% |
| Swap Fees | Rs 500 per instance + GST |
| Penal Interest | 2% per month on overdue EMI |
| Duplicate statement charges | Rs 250 + GST |
| Prepayment/Part-prepayment Fees | 5% + GST |
How to Apply for an Axis Bank Personal Loan
Step 1: Start the process by clicking on the “Axis Bank Personal Loan” button.
Step 2: Enter your Aadhaar-linked phone number.
Step 3: Fill the documents carefully
Step 4: Give the basic details.
Step 5: Now, the bank will check the eligibility
Step 6: If you are eligible, you will get the loan offer.
Also Read: Instant Personal Loan in Kolkata
Axis Bank Personal Loan Customer Care
You may contact Axis Bank customer care for loans or other queries.
- 1860-419-5555
- 1860-500-5555
Call customer care on working days (Mon to Sat 9 AM to 9 PM).
FAQs on Axis Bank Personal Loan
My salary is Rs. 20,000. Can I apply for an Axis Bank personal loan?
You may apply for a loan with Rs. 20,000 net salary. Also, you have to provide other documents.
How to contact Axis Bank customer care?
Contact customer care at 1860-419-5555 / 1860-500-5555 number. This is a toll-free number.
How much loan does Axis Bank provide?
Axis Bank is offering up to Rs. 40 lakhs instant personal loan.
Can I get an Axis Bank pre-approved loan?
If you are an existing customer of Axis Bank, you may qualify for a pre-approved loan. But Axis Bank checks the eligibility criteria for pre-approved offers.