
Introduction
Axis Bank offers personal loans ranging from ₹50,000 to ₹40 lakh, making it a flexible financing option for various needs such as medical emergencies, wedding expenses, home renovations, or even debt consolidation. With a simple application process and quick approval times, Axis Bank makes it easier to access funds when you need them.
Axis Bank Personal Loan
Feature | Details |
---|---|
Loan Amount | ₹50,000 to ₹40 lakh |
Interest Rate | Starts from 11.25% per annum |
Repayment Tenure | 12 to 60 months |
Processing Fee | Up to 2% of the loan amount |
Minimum Salary Requirement | ₹25,000 per month |
Prepayment Charges | 2-5% of the outstanding loan amount |
Application Mode | Online and Offline |
Official Website | Axis Bank Personal Loan |
Axis Bank’s personal loans offer high loan amounts, competitive interest rates, and quick processing, making them a great choice for immediate financial needs. Before applying, use the EMI calculator to plan your repayment, check eligibility, and compare interest rates. Visit Axis Bank’s official website to apply today!
Understanding Axis Bank Personal Loan
Axis Bank provides unsecured personal loans, meaning you don’t need to pledge any collateral. The loan amount and tenure depend on various factors like your income, credit score, and employment status. These loans cater to salaried professionals, self-employed individuals, and business owners.
Eligibility Criteria
To apply for an Axis Bank personal loan, you must meet the following eligibility conditions:
- Age Requirement: 21 to 60 years
- Employment Type: Salaried or self-employed
- Minimum Monthly Income: ₹25,000 for salaried individuals
- Credit Score: 700+ recommended
- Work Experience: Minimum 6 months for salaried employees, 2 years for self-employed individuals
Axis Bank Personal Loan: How to Use the Personal Loan EMI Calculator
Before applying, you can estimate your monthly EMI using the Axis Bank Personal Loan EMI Calculator. This tool helps borrowers plan their loan repayments efficiently.
Steps to Calculate Your EMI
- Enter the Loan Amount: Choose a loan amount between ₹50,000 and ₹40 lakh.
- Set the Interest Rate: The interest rate starts from 11.25% per annum (varies based on credit profile).
- Select Loan Tenure: Choose a repayment period between 12 to 60 months.
- View EMI Details: The calculator will display your estimated monthly EMI, total interest payable, and overall loan cost.
Also Check: PNB Fixed Deposit Scheme: Get High Returns by Depositing ₹2 Lakh in FD
Axis Bank Personal Loan: Features and Benefits
1. Quick Loan Disbursal
Axis Bank processes personal loans within 48 hours after approval, making it ideal for urgent financial needs.
2. Competitive Interest Rates
Interest rates start from 11.25% per annum, varying based on your income, credit score, and employment.
3. Flexible Repayment Options
You can choose repayment tenures ranging from 12 to 60 months, allowing you to structure your EMIs as per your affordability.
4. No Collateral Required
Since Axis Bank’s personal loans are unsecured, you don’t need to pledge assets like property or gold.
5. Easy Online Application
You can apply for a personal loan online through the Axis Bank website, track your application status, and get instant approval if eligible.
How to Apply for an Axis Bank Personal Loan
Check Eligibility
Use Axis Bank’s eligibility calculator to see if you qualify.
Gather Required Documents
- Identity Proof: PAN Card, Aadhaar Card, Passport
- Address Proof: Aadhaar, Utility Bill, Voter ID
- Income Proof: Salary slips (last 3 months), Bank statements (last 6 months), ITR (for self-employed)
Submit Application
Apply online via Axis Bank’s website or visit a branch. Fill out the form, upload documents, and wait for verification.
Loan Disbursal
Once approved, the loan amount is credited to your bank account within 24-48 hours.
Axis Bank Personal Loan (FAQs)
What is the minimum salary required for an Axis Bank personal loan?
The minimum salary requirement is ₹25,000 per month for salaried individuals.
How long does it take for Axis Bank to disburse the loan?
Upon approval, the loan is disbursed within 24-48 hours.
Can I prepay my personal loan?
Yes, but prepayment charges of 2-5% may apply.
Does Axis Bank require collateral for personal loans?
No, Axis Bank’s personal loans are unsecured, meaning no collateral is needed.
What is the maximum loan amount I can get?
You can avail up to ₹40 lakh based on eligibility.