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Axis Bank Personal Loan

For travel expenses, medical expenses, wedding or education-related expenses, to upgrade existing residence a personal loan is obtained. Axis Bank is one of the largest source of personal loan provider by offering the best loan opportunities for individuals with bizarre features and benefits. Axis Personal Loan is a splendid aspect to provide flexible tenures, favourable interest rates, simple repayment structure and fast disbursements. Designed to handle the applicant's several financial requirements quickly and effectively it makes Axis Bank Personal Loan a unique loan provider.

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)

Features of Axis Bank Personal Loan

Get maximum loan amount up to Rs 15 Lac with longer tenure up to 60 months.

Get a minimum loan up to Rs 50,000

Zero charges on foreclosure or part payment of the loan

Attractive rates for salaried applicants

Carry over existing loans from other banks to Axis Bank at a competitive rate.

Get hassle-free loan with less paperwork and quick approval

Get EMI option on your personal loan immediately in which you can get repayment tenure of 12 to 60 months

Existing Axis Bank customer can avail the best rates for personal loan

Get minimum tenure of 12 months to a maximum of 60 months

Get an option to move your existing high-interest personal loan to axis bank home loan.

Earn Axis eDGE loyalty reward points on successful disbursal

Get 150 points if the disbursal is less than or equal to Rs 3 Lac

Get 300 points if the disbursal is greater than Rs 3 Lac but less than equal to Rs 5 Lac

Get 450 points if the disbursal is greater than Rs 5 Lac

Get 24x7 assistance facility.

Axis Bank Personal Loan Eligibility

  • Salaried employees like Doctors, Employees working in Public and private limited companies, Government sector employees including public sector undertakings, central and local bodies.
  • Must have a minimum age of 21 years.
  • Must have a maximum age limit of 60 at the time of maturity of the loan.
  • Must have a minimum monthly net income of Rs 15000

Documents required for Axis Bank Personal Loan

For salaried applicants

Aadhar Card

PAN Card

Driving License

Passport

Voter Id card

Utility Bills

Bank statement of last 3 months

Salary proof of last 3 months

2 recent passport size colour photographs

Duly filled application form.

Loan Agreement duly signed and Standing Instructions (SI) Request / ECS Forms

Axis Bank Personal Loan Interest Rate

8.35% (1 Year MCLR)

3.65%-15.65% (Spread Over 1 Year MCLR)

12%-24% (Effective Rate of Interest)

Axis Bank Personal Loan Charges

Repayment Charges- Rs 500 per instance of dishonor of cheque/SI/ECS/NACH debit instruction+GST

Processing fees up to 2% of the loan amount + GST

Swap charges- Rs 500 per instance+GST

Penal Interest- 24% p.a

Duplicate statement issuance charges- Rs 250 per instance+GST

Duplicate Amortization schedule issuance charges- Rs 250 per instance+GST

Re-issuance of copy of loan agreement/documents- Rs 250 per instance+GST

CIBIL Report Issuance Charges- Rs 50 per instance+GST

Duplicate NOC- Rs 500 per instance+GST

Stamp duty charges- As per state stamp act

Axis Bank Personal Loan Calculator

Axis Bank Personal Calculator assist you in making a decision by measuring monthly interest rates, tenure of the loan and also display special benefits on personal loan.

Let us know what is Personal Loan EMI?

Equated Monthly Installments or the amount payable per month when an applicant take a certain amount for some period of time on a personal loan.

EMI estimation relies on three main factors:

  • Personal Loan interest rate- The rate charged by the bank for personal loan.
  • Personal Loan amount- The rupee value of the loan
  • Tenure of Personal loan- The time period for which the loan is taken.

Axis Bank Personal Loan is used to calculate the EMI you have been charged for the personal loan from Axis Bank. Use this versatile Axis Bank Personal Loan EMI Calculator to get to the EMI that you're satisfied with. The calculator lets you schedule your borrowings and loan payments according to your needs.

Benefits of Axis Bank Personal Loan EMI Calculator

  • You can use this calculator as a tracker of loan interest. The disparity between the loan total amount of EMI to be paid less the principal amount of the loan gives you the overall interest you pay on loan over the loan period.
  • You can also receive an estimation of your monthly instalments and assess the proper amount of loan you can make.
  • An EMI figure lets you determine your eligibility for a loan.
  • In order to obtain a convenient service, you may also draw up different combinations of loan tenures and loan amount as per your monthly income. 

Axis Bank Personal Loan EMI Calculation Formula

P*r* (1+r)^n/([(1+r)^n]-1)

Above given formula is for, how Axis Bank Personal Loan EMI is calculated:

In the above formula,

P = Loan amount. This can range from Rs 50000 to Rs 15 Lac

r = Rate of interest per month. Current rate is 11.25% to 24% p.a

n = tenure in month. For Axis Bank, this can be minimum of 12 months to a maximum of 60 months.

Why to use Axis Bank Personal Loan EMI Calculator

  • Easy to access, anytime and anywhere
  • EMI calculation is done within some seconds time, which saves your valuable time.
  • No need to wait for the results, get instant EMI results just with a single click.
  • It helps you to discover your EMI
  • Helps you make some planning regarding your personal loan.

How to use Axis Bank Personal Loan EMI Calculator?

  • Go to the official site of Axis Bank
  • Now under the drop-down box of explore products, click on Personal Loan.
  • Now you will see Personal Loan EMI Calculator which is located under the top bar of the page.
  • For the loan amount that you want to take, use the slider and set your personal loan amount.
  • For the tenure option, use the slider, set the tenure period as per your needs
  • For the interest rate, use the slider and set the interest rate as per your requirement
  • Automatically you will see the Detailed Calculations of EMI

Axis Bank Personal Loan Status

Applicants who have applied for Personal Loan in Axis Bank, can track their loan status by Online, Offline, Mobile App and more. Below are the step by step tutorial of different modes, scroll down and track the status of your Axis Personal Loan.

Track your personal loan status by Axis Bank Account

  • Go to the official site of Axis Bank
  • Click on Login which is located in the right side of the homepage.
  • After your logged in, you can check for any active loan under loan section.
  • If you have applied for any type of loan then you can track the status of that loan in this section.

Track your personal loan status by your Application Id

  • Go to the official site of Axis Bank
  • Under the drop-down box of explore products, click on Personal Loan
  • Under the drop-down box of related links, click on Check your Loan Status
  • On the next page enter your valid Application Id, DOB as per your Aadhar Card.
  • Below that enter the correct captcha code, as it displayed.
  • Now click on enquiry and the status of your personal will be displayed on the same page.

Track your personal loan status by Mobile Application

  • Go to the app store of your mobile and download Axis Mobile- Fund Transfer, UPI, Recharge & Payment app.
  • Open the app and it will display all the products offered by the Bank.
  • Click on loans and you can track the status of your loan with your reference number

Track your personal loan status via Offline

  • Applicants can also check their personal loan status by visiting the nearest Axis Bank.
  • After visiting the bank ask any representative of Axis Bank to track your loan status.
  • Provide your Application Id and check your loan status instantly

Alternative Offline Procedure

  • An applicant can also track their loan status by simply calling to the Axis Bank Customer Care service.
  • You can get in touch with Customer Care representative by calling on 1860 419 5555, 1860 500 5555, 1800 233 5577

Axis Bank Personal Loan Login

Axis Bank Net Banking services, Login with your Net Banking Id, Password and explore a world of convenience just with a few taps. Applicants can use unique benefits like high security for safe online banking, view the details for all your accounts, online password regeneration & unlock user-id instantly. Get all updates on your loan which are specially designed for you. No matter where you are just with your Axis NetBanking Id and Password you can explore the world of benefits and offers anytime anywhere. Scroll down and get to know the features and benefits of Axis Bank Personal Loan Login.

Features

  • Check the status and track your loan
  • Apply for new loan
  • Get 24x7 customer support
  • Get Loan on Phone facility to easily buy home appliances as per your choice.
  • Get an additional level of security on your online payments.
  • Apply online for Axis Bank Insurance Policy
  • View your Axis Life insurance policy, switch funds, pay premium online

How to Register

In a few easy steps, Axis Bank ensures free Internet banking registration. Axis Net Banking is secured with Netsecure's additional two step authentication system. Below are the steps given to register Internet Banking

For Retail / Agri-Rural customers

  • Go to the official site of Axis Bank
  • Now under the drop-down box of Bank Smart, click on Internet Banking
  • To login to internet banking, you need the login id which is the same as your 9-digit Customer ID along with your login password.
  • You can also obtain your Customer ID by sending an SMS CUSTID to 5676782.
  • New users can generate a password online by using the ‘First time user option’. You can generate the login password using your debit card 4-digit ATM Pin and your registered mobile number.

For NRI Applicants

  • Go to the official site of Axis Bank
  • Now under the drop-down box of Bank Smart, click on Internet Banking
  • To login to internet banking, you need the login id which is the same as your 9-digit Customer ID along with your login password.
  • You can also obtain your Customer ID by sending an SMS CUSTID to +919717000002
  • New NRI users can generate a password online by using the ‘First time user option’. You can generate the login password us

How to Login

  • Go to the official site of Axis Bank
  • Click on Login, which is located on the right bar of the page
  • Enter your Login Id, Password and click on Login
  • Explore the benefits for your loan facility online

Axis Bank Personal Loan Customer Care

Applicants can reach to Customer Care Executive through Phone Banking Services- +91-22-67987700.

For Personal Loan Queries, applicants can dial on the tollfree number- 1800 233 5577

Axis Bank Personal Customer Care Number as per the city:-

  • Agra- 0522-2230857
  • Ahmedabad- 079-26563232
  • Ambala- 0172-2620489
  • Aurangabad- 022-25260501
  • Bangalore- 080-25317830
  • Bhilai- 1800-209-5577
  • Bhilwara- 1800-209-5577
  • Bhopal- 0755-2579009
  • Bhubaneswar & Cuttack- 0674-2572955
  • Chandigarh- 0172-2620489
  • Chennai- 044-28123888
  • Cochin- 1800-209-5577
  • Coimbatore- 044-28123888
  • Dehradun- 1800-209-5577
  • Delhi- 011-23736555
  • Durg- 1800-209-5577
  • Faridabad- 0124-2309447
  • Ghaziabad- 0522-2230857
  • Goa- 022-25260501
  • Greater Noida- 011-23736555
  • Gurgaon- 0124-2309447
  • Guwahati- 0361-2341818
  • Gwalior- 0755-2579009
  • Hyderabad- 040-23418888
  • Indore- 0755-2579009
  • Jabalpur- 0755-2579009
  • Jaipur- 0141-2228866
  • Jalandhar- 0172-2620489
  • Jodhpur- 1800-209-5577
  • Kanpur- 0522-2230857
  • Kolkata- 033-22839971
  • Kota- 1800-209-5577
  • Lucknow- 0522-2230857
  • Ludhiana- 0172-2620489
  • Madurai- 044-28123888
  • Meerut- 0522-2230857
  • Mumbai- 022-25260501
  • Mussoorie- 1800-209-5577
  • Nagpur- 022-25260501
  • Nashik- 1800-209-5577
  • Panipat- 0124-2309447
  • Patna- 0612-2205810
  • Pondicherry- 1800-209-5577
  • Pune- 022-25260501
  • Raipur- 1800-209-5577
  • Rajkot- 079-26563232
  • Ranchi- 1800-209-5577
  • Shimla- 0177-2627711
  • Surat- 079-26563232
  • Udaipur- 1800-209-5577
  • Vadodara- 079-26563232
  • Varanasi- 0522-2230857
  • Vijaywada- 1800-209-5577
  • Vizag- 1800-209-5577

Axis Bank Customer Care Number for NRI

  • USA- 1855 205 5577
  • UK- 0808 178 5040
  • Singapore- 800 1206 355
  • Canada- 1855 436 0726
  • Australia- 1800 153 861
  • UAE- 8000 3570 3218
  • Saudi Arabia- 800 850 0000
  • Qatar- 00 800 100 348
  • Bahrain- 800 11 300

FAQs

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.

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