Axis Bank Personal Loan

Rated 4-5 stars Rated 4.5/5 by Team TopShareBrokers

Nowadays, banks provide liquidity to its customers in the form of personal loans. In this fast-ridden environment, Axis Bank has certainly kept accord with the technological advancements. A person can easily apply for Axis bank instant personal loan by sitting at home or work desktop. The loan amount will be transferred to Axis Bank account with minimal documentation. Instant personal loan with Axis Bank is available for varied purposes, be it for vacation, home renovation, car loan, dream wedding, or any other kinds of personal loans.

To get an Instant Personal Loan with Axis Bank, applicant’s age must be between 21 to 60 years. The bank provides loan amounts ranging from Rs 50,000 to 15,000,000 for the loan duration of a minimum of 1 year to a maximum of 5 years. Talking about the interest rate, the Axis Bank loan interest starts from 12% per annum (minimum) to 24% per annum (maximum).

Axis Bank Personal Loan Details

Axis Bank personal loan is offered by Axis Bank to its customers to help them manage their finances. The customers can avail of the benefits of Axis Bank personal loan to fulfil their short & long term goals – vacations, buying of automobiles (two-wheeler & four-wheeler), wedding, house renovation, etc. With the facility to provide the personal loan within 2 days (48 hours), the customers can truly look in to achieve their goals at the earliest.

Axis Bank Personal Loan Information

Axis Bank Personal Loan provides easy loan within 2 days (48 hours) with interest 12% p.a. onwards. Below table gives the complete details of Personal Loan.

Axis Bank Personal Loan Details
Loan Category: Personal Loan
Loans Offering: Personal Loan, two-wheeler, new/used cars loan, travel loan, medical loan etc.
Loan Type: Unsecured personal loan
Interest Rate: 12% p.a. onwards
Processing Fee: Upto 2% + applicable tax
Approval Process: Both online and offline
Minimum Income Requirement: ₹15,000
Loan Approval Timing: 2 days (48 hours)
Minimum Loan Amount: ₹50,000
Maximum Loan Amount: ₹15 Lakh
Minimum Loan Period: 12 months/ 1 year
Maximum Loan Period: 60 months/5 years
Type of Interest Rate: Fixed interest
Interest Charging Method: Reducing balance method

Axis Bank Personal Loan Special Feature Details

    No prepayment charge: Axis Bank personal loan comes with an advantage of no loan prepayment cost. The bank enables its customers to prepay their loan amount at no cost and can also partially pay the loan amount without bearing any additional cost.

    eDGE Loyalty Points: EDGE REWARDS program allows customer using Axis Bank services to earn points on selected transactions on a monthly basis. One can redeem these EDGE REWARD points if they are 500+ and utilize these reward points on various transactions done with the bank.

Axis Bank Personal Loan Eligibility Criteria

There are eligibility criteria set by Axis Bank for their personal loan:

Axis Bank Personal Loan Details
Salaried Employees Yes
Salaried Doctors Yes
Employees of public and private limited companies Yes
Government sector employees including Public Sector Undertakings, Central and Local bodies Yes
Loan for Pensioners Yes
Loan for Existing Customers Yes
Self-Employed Yes
Selected Corporate Yes
Other Criteria Salaried employees should have a minimum work experience of 24 months
Minimum Age 21 years
Maximum Age 59 years at the time of maturity of the Personal Loan
Minimum Income Requirement ₹15,000

Axis Bank Personal Loan Strengths/Advantages

  • Instant loan onlinefacility is available from the bank.
  • There is minimal documentation required.
  • Best interest rates starting from 12% per annum.
  • Get loan as per financial requirements.
  • Flexible tenure starting from 1 year minimum to 5 years maximum.
  • Collateral-free loans.

Axis Bank Personal Loan Weaknesses/Disadvantages

  • Person gets loan up to Rs 15 lakhs only.
  • Penalty of 2% per month will be applicable on the overdue installment.

Request call back from Axis Bank Personal Loan

Axis Bank Personal Loan Products & Services

Axis Bank offers various products & services which are as follow:

  • Personal Loan

    You can manage your personal financial goals by acquiring a personal loan from Axis Bank. The reason can be any to acquire a loan – be it home renovation, or arranging a dream wedding, etc. Put your personal loan application via Axis Bank mobile application ranging from Rs 50,000 to Rs 15 lakh with a flexible tenure with speedy approval from the bank. Furthermore, there is minimal documentation required for this process.

  • Car Loan

    Axis Bank offers online car loans facility. Below table will guide about the car loan in different scenarios:

    Attributes Loan Amount Applicable car loan Maximum Tenure
    New Car Loan Rs.1 Lakh onward ROI starting at 9.25% PA, Up to 100% on road funding Up to 8 years
    Pre-owned Car Loan Rs.1 Lakh onward Up to 85% funding of the valuation amount Up to 5 years
    Loan against Car Rs.1 Lakh onwards or 50% of the original loan amount Interest rate starting at 15%p.a Up to 5 years
    Balance Transfer and Top Up Car Loan Minimum Rs.1,00,000Maximum Rs.30,00,000 Interest rate starting at 15%p.a Up to 150%* of original loan amount as top up Up to 5 years
    Smart Buyback Car Loans Rs.1 Lakh onward Up to 100% ex showroom funding Choose from 3 or 4 years
  • Holiday Loan

    If you wish to go on international or Indian vacations, then Axis Bank fulfils this desire by sanctioning holiday loans. You don’t have to worry about travelling expenses including flight tickets, hotel accommodation, food, etc. Axis Bank Holiday Loan can be avail at 15.75% interest for the amount between Rs 50,000 to 15 lakhs with flexible tenure from 1 year to 5 years and no foreclosure charges. The bank will offer 2 months of the moratorium, i.e., you have to pay EMI starting from the 3rd month.

  • Education Loan

    Axis Bank Education Loan is useful for students who want to study further in India or internationally. Education loan starts from Rs 50,000 at attractive interest rates and hold tax benefits under Education Loan Tax Benefit U/s 80 (E). There is a process of simple documentation, quick loan disbursal, & long repayment tenure, etc while availing the Axis Bank Education Loan.

  • There is also business loan, loan against property & home loan offered by Axis Bank to its customers.

Axis Bank Personal Loan Feature

Axis Bank Personal Loan offer various services, please find below the list of features offered by the vendor.

Axis Bank Personal Loan Details
Personal Loan Yes
Wedding Loan Yes
Education Loan No
Home Renovation Loan Yes
Two Wheeler Loan Yes
New Car Loan Yes
Used Car Loan Yes
Travel Loan Yes
Medical Loan Yes
Top Up Loan Yes

Axis Bank Personal Loan Charges

Here is the detail charge list for Axis Bank Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on Axis Bank Personal Loan processing.

Axis Bank Personal Loan Details
Co-Applicant Allow No
Income Criteria Yes
Collateral Requirement No
Pre Approved Credit Limit NA
Foreclouser Charges Nil
Loan Foreclouser Conditions Nil
Bounce Charges Rs 500 + GST
Bounce Charges Self Employed NA
Late Payment Penalty 2% per month
Duplicate NOC Charges Rs 500 + GST
Stamp Duty Charges As per laws
Instrument Swapping Charges Rs 500 + GST
Loan Cancellation Charges NA
Stamp Duty Charges As per laws
Loan Rebooking Charges Rs 250 + GST
Statement Of Account Charges Rs 250 + GST
Duplicate Repayment Schedule Rs 250 + GST
EMI Payment Mode Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque
Overdue Payment Mode NA
Hidden Charges NA

Axis Bank Personal Loan Customer Care Details

  • Customer Support Email - NA
  • Customer Support Toll Free No - 1800 103 5577/1800 233 5577/1860 500 5555/1860 419 5555
  • Customer Support Chat Facility - Yes
  • Customer Support Whatsapp Number - NA

Axis Bank Personal Loan Calculator and Download Links

In this section we have listed all important links related to Axis Bank Personal Loan.

Axis Bank Personal Loan Details
Banks NA
Charges Information Link
Download Loan Aggrement upto 36 Months Aggrement Link
Download Loan Aggrement Above 36 Months Aggrement Link
Personal Loan Eligibility Calculator Link Personal Loan Calculator Link
Personal Loan EMI Calculator Link Personal Loan EMI Calculator Link
Education Loan EMI Calculator Link Education Loan EMI Calculator Link
Car Loan EMI Calculator Link Car Loan EMI Calculator Link
Product Demo Link NA
Website Link Website Link
Android App Downlaod Link NA
iOS App Downlaod Link NA

Axis Bank Personal Loan Application Process Details

    For Existing Customers:

    • Head to the official link from web browser: Link or login into Axis Bank mobile application > Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details registered with Axis Bank and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • Upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

    For New Customers:

    • Head to the official web link to apply for Axis Bank Personal Loan:Link
    • Enter basic details, such as Name, Email ID and Phone number, and submit the form.
    • Axis Bank customer representative will call you for the loan.

Axis Bank Personal Loan Documents Requirements

Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.

Axis Bank Personal Loan Details
Age Proof Copy of Passport/Driving License/Aadhar Card
Address Proof Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card
Identity Proof Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card
Income Proof for Salaried Emp Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement
Income Proof for Self Emp IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Axis Bank Personal Loan Referral Program Details

    eDGE Loyalty points

Last Updated on 2021-03-02T22:50:35+00:00

Reference Topics

User Reviews

No feedback found for this broker. Be the first to post the review.