Do you need urgent funds for any emergency whether for children's higher studies, cover-up medical expenses or pay off other debts & much more, Axis Bank personal loan stands here to solve your problems.
Axis Bank Personal Loan Features & Benefits
Features:-
- Low-interest rates
- Flexible tenures and repayment options
- Minimal documentation and
- Quick approval
- Collateral free
Benefits:-
Personal loan funds can be utilized for multiple purposes & it is the core benefit of this loan:-
- Used in wedding
- Holiday trip
- Business investment
- Covering Medical Expenses
- Home construction and renovation
Axis Bank Personal Loan Interest Rate, Processing fees & tenure
| Processing Fees | Up to 2% of the Loan Amount |
| Foreclosure charges |
5% for 0 - 12 Months 4% for 12 - 24 Months 3% for 24 - 36 Months 2% for greater than 36 months + GST as applicable. |
| Loan amount | Based on customer profile |
| Interest Rate | Axis bank personal loan interest rate is starting @ 10.49% onwards. |
| Maximum Tenure | Tenure more than 36 month |
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Types of Personal Loan from Axis Bank
Personal Loan for Holiday:- You don’t need to delay your world trip plan anymore. Axis bank is providing personal loans for holiday allows you to plan a fantastic vacation with friends & family, Require minimal documentation and quick approvals.
Personal Loan for medical emergency:- No worries about emergency now you can get personal loan by Axis bank to deal with any kind of personal emergency, be it medical outstanding bills, need funds for operation and any surgery.
Personal Loan for debt consolidation:- Axis bank provides personal loans to consolidate debt and repays multiple debts at one time with single monthly payment. While this is a simplify the debt repayment process and saves you money.
Axis Bank Personal Loan Type of Other Charges
| Type | Charges |
| Check Dishonor Charges | 300 |
| List Of Documents | Up to 500 |
| Photocopy Of Documents | Up to 500 |
| Duplicate statement issuance charges | UP to 250 |
| Stamp duty charges | As per the State Stamp Act |
| Swap charges | Up to 500 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to 500 |
Axis Bank Personal Loan Eligibility Criteria
Axis bank will check your eligibility that you are capable for loan amount or not. To check your eligibility on personal loan use Axis bank personal Loan Calculator.
- Salaried Employees, Salaried doctors, or employees of public and private limited companies are eligible
- Applicant monthly income should be Rs 15000
- Applicant must be resident of India
- At the time of maturity, applicant age should be 60 years.
- Applicant age should be 18 to 65 years at the time of application.
- Applicant must have a regular source of income might be salaried or self-employed (salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months and Self-Employed Individuals required a last 1-year bank statement for both savings and current account.)
Also Read:-Project Loan for Textile Industry in India
Axis Bank Personal Loan Documents Required
| Document category | Documents required |
| KYC Document |
Both salaried as well as self-employed need to provide any one of the following as identity proof.
|
| Proof of Income |
|
| Financial Documents |
|
| Proof of residence |
You can summit any one of the following documents as an address proof:
Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile phone bill etc. |
How to apply for Axis Bank Personal Loan Online?
You just need to follow the given below mentioned steps to apply for an Axis Bank Personal Loan online
Step 1: - Identify the requirement and the loan amount as per your need this will help you to apply for the correct amount.
Step 2: - Visit the official website of Axis bank and choose personal loan to fill your personal, financial, and employment details.
Step 3: - After completing this step and once you submitted the application If, your criteria match then only Axis bank representative will contact you.
Step 4:- After the confirmation you need to submit documents like your proof of identity, address proof, and a bank account statement for the last 6 months.
Step 5: Shortly amount will be credit to your bank account.
Also Read:-Unsecured Business Loan Low Rate of Interest
Axis personal Loan FAQ
1. How to check status of Axis Bank's Personal Loan?
You can check your axis bank status online or offline. Applicants check the loan status by calling on this number 18604195555/ 18605005555 for any queries regarding personal Loan or you can directly visit the axis bank branch to know your personal loan application.
2. How many days it will take to get Personal Loan in Axis Bank?
Sometimes they approve loan amount on the same day if your eligibility criteria match, documentation is complete and maintain a healthy credit score or it takes usually 48 hours.
3. What is the Axis Bank Personal loan Interest Rate?
Current Axis bank personal loan interest rate starting @ 10.49% onwards.
4. Do I need to be an existing customer of Axis Bank to get their personal loan?
No, it's not necessary to be an existing customer of Axis but banks give preference to an existing customer. For new customer, the bank will check your financial record, any recent credit transactions, and your average financial status.
5. How do I track my Axis Bank Personal Loan?
To track your personal loan from axis bank, you can contact the call centre of Axis Bank, or drop a mail, or visit the nearest branch of axis bank.
6. How does Axis Bank Personal Loan EMI Calculator work?
To calculate personal loan EMI, you need to enter required loan amount, tenure period to repay loan & interest rates to calculate monthly payable EMI.
Axis Personal Loan Customer Care number
If you have any query you can connect with Axis bank personal Loan Customer Care. You can directly visit axis bank site & fill in basic details to continue online chat do a call on toll-free Number: 011-23736555.
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