Home  »  Banking  »  Loans  »  Personal Loan  »  Axis Bank Personal Loan

Axis Bank Personal Loan

The Axis Bank provides Personal Loan at reasonable interest rates ranging between 15.75% - 24% for a maximum amount of up to Rs 15,00,000. The penal interest charges stand at 2% per month and a maximum repayment tenure spread over 60 months. 

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Axis Bank Personal Loan 15.75% to 24% 1.50% to 2.00% of loan amount + GST as applicable 1500000 12 - 60 months
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self Employed Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card, PAN Card, Aadhaar Card
  • Proof of Residence: Utility Bills including Electricity bill, water bill, telephone bill, Passport, Aadhaar Card, Election Voters ID, Driving License
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax returns for the last 2 years along with the computation of income certificate by a Chartered Accountant
  • Bank statements for the last 6 months which includes details of both personal and business transactions.
Benefits

  • The applicants can choose the tenure of the loan.
  • The applicants can opt the loan amount depending on the requirements.
  • Meet all the aspirations
  • Easier Documentation Procedure
  • Speedy approval of the loan
Eligibility

  • The minimum age of the applicant should be 21 years.
  • The applicant should have a valid set of documents including Income Proof, Address Proof, Identification Card, other documents for securing a personal loan.
Other Details

  • Zero charges in case of Part Prepayment and Foreclosure of personal loan.
  • Balance Transfer from other banks is also available.
  • Loan Processing Charges: 1.50% - 2.00% + GST charges
  • Penal Interest charges at 24.00% per annum (2% per month)

Q: What are the documents required to avail the personal loan in Axis Bank?

A: The following documents are required to get a Personal loan in Axis Bank :

  • Identity proof
  • Income proof
  • Bank statement
  • Residence proof
  • Age proof
  • KYC documents
  • Valid cheques
  • Recent passport size photographs

Q: Which is better loan between Personal loan and credit card loan?

A: While comparing with credit card loan personal loan is better, because the interest rates are high in credit card loan and also you may not get a huge amount in credit card loan .so, always prefer personal loan instead of credit card loan.

Q: How can I get a better rate of interest on the personal loan?

A: These three key points may help you to get a better rate of interest

During the festival season, some banks may offer an attractive rate of interest. Request a personal loan at this seasonal time for better interest rates.

The credit score will play a major role while applying for a personal loan. you may bargain with banks for the best personal loan deal on having a high credit score

A good track record of your previous repayment on loans can be helpful in getting attractive deals on the personal loan.

Q: How much the salary required to get a personal loan?

A: The minimum salary required to avail a personal loan is 15000/- it differs from one lender to another.

Q: How can I get a personal loan without salary slip?

A: An individual without a salary slip also u can get a personal loan, the lenders can take bank statement, a copy of form -16 of lost two years and Employee certificate from your employer, etc documents are enough of your income and employment.

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more