Axis Bank personal loan available at lowest interest rates which are starting from 15.00% for CAT A company employees. Axis bank provides personal loans from Rs. 50 thousand to Rs.40 lakh, Loans can be used for any purpose with no questions asked regarding the end use of the loan, Simple procedure, minimal documentation and quick approval with Minimal documentations. You can use personal loans for Marriage expenses, Travels, Buy Gadgets, Home Appliances, Downpayment of bigger loans or pay the credit card bills. Minimum loan which you can apply at axis bank are 50,000. Axis bank offers personal loan in 65 cities all over the India.
| Interest Rates | 10.49% to 21.00% |
| Repayment | Upto 5 Years |
| Max. Loan | 40 Lakh |
| Min. Loan | 50000 |
| Part Payment Charges | Nil |
| Processing Fees | 2.00% + ST |
Axis Bank Personal loan Interest Rates 2023 |
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| Interest Rates | Pre Payment Charges | Processing Fees |
| 10.49% to 21% | 5% + GST (As applicable) | Up to 2% of loan amount + GST |
| Year | Principal | Interest | Balance Amount |
| 1 | Rs. 43,559 | Rs. 42,085 | Rs. 2,56,441 |
| 2 | Rs. 50,561 | Rs. 35,083 | Rs. 2,05,880 |
| 3 | Rs. 58,688 | Rs. 26,956 | Rs. 1,47,192 |
| 4 | Rs. 68,123 | Rs. 17,521 | Rs. 79,069 |
| 5 | Rs. 79,157 | Rs. 6,571 | Rs. 0 |
| Total | Rs. 3,00,000 | Rs. 1,28,219 |
| Eligibility Criteria | Salaried | Self Employed |
| Age | 21 - 60 years | 24 - 65 years |
| Annual Income | Rs 1,80,000 (p.a) | Rs 2,00,000 (p.a) |
| Loan Amount Offered | 50,000 - 40,00,000 | 50,000 - 15,00,000 |
| Tenure | 12 - 60 months | 12 - 60 months |
| Current Experience | Minimum 1 year | Minimum 3 years |
| Documentation | 1) Identity proof: Passport or voter's card or driving license or PAN card and photograph 2) Income proof: Latest salary slip showing all deductions or Form 16 along with current dated salary certificate (for salaried) 3) Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower employment proof or business continuity proof 4) Residence proof: Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements | 1) Identity proof: Passport or voter's card or driving license or PAN card and photograph 2) Income proof: ITR (last 2 years) and computation of income (last 2 years) certified by a CA, balance sheet, profit and loss statement (for self-employed) 3) Residence proof: Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements 4) Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower employment proof or business continuity proof 5) Business continuity proof |
A credit score is a number between 300 and 900 assigned to you by credit bureaus (such as CIBIL). The higher the score, the better are the chances of your loan application (be it for any kind of loan including but not restricted to bank personal loans) getting approved. If you have a high credit score you may also get a higher loan amount or lower loan rates. However, a score below 750 may reduce your chance of getting a personal loan or grant you a lower amount or a higher interest rate. If your score is below 600 it is advisable to try and find out why your credit score is low. It could be due to past behaviour, such as consistently missing or delaying past EMIs, excessive purchases made on credit, or applied for loans or credit cards with many banks, etc.
| Tier 1 | Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Gurgaon, Noida, Ghaziabad, Faridabad |
| Tier 2 | Pune, Ahmedabad, Kolkata |
| Tier 3 | Coimbatore, Kochi, Jaipur, Lucknow, Patna, Jamshedpur, Vadodara, Trivandrum, Vishakhapatnam, Bhubaneshwar, Trichy, Surat, Nashik, Aurangabad, Goa, Guwahati, Nagpur, Chandigarh |
| Tier 4 | Bhopal, Calicut, Jodhpur, Mysore, Pondicherry, Raipur, Rajkot, Durgapur, Dehradun, Hubli, Jalandhar, Kolhapur, Ludhiana, Madurai, Mangalore, Patiala, Siliguri , Ranchi, Tirunelveli, Udaipur, Vijaywada, Indore, Ajmer, Allahabad, Bhatinda, Belgaum, Bhavnagar, Bhilwara, Jamnagar, Kanpur, Kota, Salem, Ujjain, Warangal, Mehsana |