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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 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 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 |
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.
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 offers various products & services which are as follow:
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.
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 |
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.
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 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 |
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 |
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 |
For Existing Customers:
For New Customers:
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 |
Last Updated on 2021-03-02T22:50:35+00:00
