Axis Bank Personal Loan Interest Rate 2025

Axis Bank personal loans begin at 9.99% per annum, offering amounts from ₹50,000 to ₹40 Lakh with flexible tenures of up to 7 years. Suitable for salaried and self-employed borrowers, they cover expenses like weddings, renovations, or debt consolidation. With instant approvals, transparent charges, and a seamless digital process, Axis ensures convenience and reliability. Borrowers can easily calculate EMIs, track applications online, compare rates with other banks, and access strong customer support for a smooth borrowing experience.

When considering a personal loan, people often seek a plan that offers both affordability and flexibility, which is exactly what Axis Bank provides. Axis Bank personal loan interest rate starts at 9.99% per annum and offers repayment tenures of up to seven years. This facility is designed to support both salaried and self-employed individuals with any loan needs. With a smooth digital process, structured repayment, and transparent charges, Axis Bank ensures borrowers get access to reliable funding without unnecessary delays, making it a trusted choice in personal lending.

Axis Bank Personal Loan Highlights

This table provides a consolidated overview of the key features and terms associated with an Axis Bank personal loan, offering a quick reference for prospective borrowers.

Feature	Details
Loan Amount	₹50,000 to ₹40 Lakh [1]
Interest Rate Range	9.99% p.a. onwards [1]
Tenure	12 to 84 months (1 to 7 years) [1]
Processing Fee	Up to 2% of the loan amount + applicable taxes
Prepayment Charges	Varies; NIL for up to 25% of principal outstanding per year after 12 EMIs (for recent loans).
Approval Time	Quick disbursal, especially for pre-approved customers.

What are the Types of Axis Personal Loan?

Axis Bank offers a suite of personal loan products, each structured to address specific financial requirements. [2]

Loan Type	Loan Amount	Interest Rates (p.a.)	Tenure	Processing Fees	Approval Time
Standard Personal Loan (for Wedding, Holiday, etc.)	Up to ₹40 Lakh	From 9.99% onwards	1 to 7 years	Up to 2%	Standard
Pre-Approved Personal Loan	Varies based on customer profile	Often at preferential rates	Up to 5 years	As per the offer	Instant
Loan for Home Renovation	Up to ₹40 Lakh	From 9.99% onwards	Up to 7 years	Up to 2%	Quick
Personal Loan for Women	Up to ₹40 Lakh	Competitive rates may have special offers	Up to 7 years	As per policy	Standard

Axis Bank Personal Loan Processing Charges

To understand the total cost of borrowing, it is important to be aware of the various fees associated with an Axis Bank personal loan. The bank maintains a transparent schedule for all applicable charges. [3]

Charge Type	Amount / Rate
Processing Fee	Up to 2% of the sanctioned loan amount + applicable taxes.
Prepayment Charges	Part-payment up to 25% of the principal is free per year after 12 EMIs for recent loans.
Foreclosure Charges	2% to 3% of the outstanding principal + taxes. NIL for loans above ₹10 Lakh paid from own funds.
Late Payment Penalty	8% p.a. above the applicable interest rate on the overdue amount (capped at 24% p.a.).
EMI Bounce Charges	₹339 per instance of dishonour of cheque / SI / ECS / NACH debit instruction + applicable taxes.
Loan Cancellation Charges	Varies. Within 30 days, interest and other statutory charges are payable. After 30 days, it is treated as a foreclosure.
Stamp Duty	As per the actuals applicable in the respective state.

How to Calculate Axis Personal Loan EMI?

Calculating your Equated Monthly Instalment (EMI) is a critical step in financial planning. Using an axis personal loan EMI calculator provides an accurate estimate of your monthly payment obligation. [4]

• The standard mathematical formula for EMI calculation is: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] Where:
  • P is the Principal loan amount.
  • R is the monthly rate of interest (annual rate divided by 12).
  • N is the number of monthly instalments (tenure in months).
• Example: For a loan of ₹5 lakh at an 11% annual interest rate for a tenure of 5 years (60 months):
  • The calculated EMI would be approximately ₹10,871.

Axis Personal Loan Eligibility Criteria

To successfully apply for a loan, applicants must meet the specific Axis Bank personal loan eligibility criteria established by the bank. [1]

For Salaried Individuals

• Age: 21 to 60 years.
• Citizenship: Must be a resident of India.
• Minimum Monthly Income:
  • For existing Axis Bank customers: ₹15,000.
  • For new customers: ₹25,000.
• Employment: Salaried doctors, employees of public and private limited companies, and government sector employees.
• Credit Score: A strong Axis Bank personal loan eligibility CIBIL score (typically 750 or above) is essential for approval and better rates.

For Self-Employed Individuals:

• Self-employed professionals and business owners are encouraged to explore Axis Bank’s other tailored lending products, such as business loans, which are designed to meet their specific financial requirements. It is advisable to contact the bank directly for the most suitable options.

Documents Required for Personal Loan in Axis Bank

A standard set of documents is required to process your personal loan application. Having these documents ready can significantly expedite the approval and disbursal process. [1]

• The primary documents required for a personal loan in Axis Bank are:
  • A completed and signed personal loan application form.
  • Recent passport-sized photographs.
  • ID & address proof like PAN Card, Aadhaar Card, Passport, Utility Bills or Voter ID.
  • Latest 3 months’ salary slips and bank statements for the last 3-6 months showing salary credits. Form 16 may also be required.

How to Apply for a Personal Loan in Axis Bank?

The Axis Bank personal loan application process is designed to be user-centric and efficient, enabling quick applications from any location. [1]

• Step 1: Navigate to the personal loan section.
• Step 2: Click on the ‘Apply Now’ button and enter your mobile number and date of birth to begin.
• Step 3: Fill in your personal and employment details. Based on this, the bank may present an in-principle loan offer.
• Step 4: Complete your eKYC and Video KYC formalities for identity and address verification.
• Step 5: Upload scanned copies of your income proof documents, such as salary slips and bank statements.
• Step 6: Upon successful verification and approval of your digital loan agreement, the loan amount is disbursed directly to your bank account.

How to Check Axis Bank Personal Loan Status Online?

After applying, you can easily track the progress of your application. The Axis Bank personal loan status can be checked through the bank’s digital channels.

• Step 1: Visit the official bank website and find the “Track Your Application” link, usually under the ‘Explore Products’ or ‘Loans’ menu.
• Step 2: Input your application reference number and registered mobile number as required.
• Step 3: The system will display the current status of your application, whether it is under review, approved, or requires further information.

How to Download Axis Personal Loan Statement Online?

Accessing your loan statement is a simple process with the bank’s digital services. An Axis Bank personal loan statement helps you keep a detailed record of your repayments. [1]

• Step 1: Access your Axis Bank account using your customer ID and password on the website or mobile app.
• Step 2: Find the “Loans” or “Accounts” section and select your active personal loan.
• Step 3: Choose the option to view or download your e-statement and select the desired time period.
• Step 4: The loan statement will be generated, typically in a PDF format, for you to save or print for your records.

Axis Bank vs Other Banks Interest Rates (2025 Rates)

When considering a personal loan, it is prudent to compare the Axis Bank personal loan interest rate with that of other leading lenders in the market.

Bank / NBFC	Personal Loan Interest Rate (p.a.)	Unique Selling Proposition (USP)
Axis Bank	9.99% onwards	Quick digital processing, attractive pre-approved offers, and flexible tenures up to 7 years.
ICICI Bank	10.60% onwards [8]	Flexible loan products and a strong digital platform for existing customers.
Kotak Mahindra Bank	9.98% onwards [7]	Tailored loan products for various needs and a simple online process.
HDFC Bank	10.50% onwards [5]	Wide branch network and speedy disbursal for their salary account holders.
SBI	10.05% onwards [6]	Lower rates for government employees and those with high credit scores.

Axis Bank Personal Loan Customer Care Number & Contact Details

For any queries or assistance, Axis Bank personal loan customer care can be reached through multiple channels. The bank provides dedicated support for all loan-related enquiries.

• Customer Care Numbers: You can call the Axis Bank personal loan customer care toll-free number at 1860-419-5555 or 1860-500-5555 for assistance.
• Email Support: Queries can be sent through the secure email option available after logging into your internet banking account.
• Branch Visit: You can visit any Axis Bank branch for in-person support from a loan officer.
• Virtual Assistant: ‘Axis AHA!’ on the bank’s website and mobile app can answer many common queries instantly.

Axis Bank Personal Loan vs. NoBroker Cash Loan – Which is Better?

When evaluating borrowing options, it is useful to compare a traditional Axis Bank personal loan with modern fintech alternatives like NoBroker InstaCash.

Feature	Axis Bank Personal Loan	NoBroker InstaCash
Approval Time	Instant to a few days	Instant (within minutes)
Loan Amount	Up to ₹40 Lakh	Up to ₹10 Lakh
Eligibility	Based on salary, CIBIL score, and employment history.	Primarily based on consistent monthly rent payments.
Documentation	Requires income proof, bank statements, KYC.	Minimal; primarily requires a rental agreement and basic KYC.

Get Instant Cash with NoBroker InstaCash

Unexpected expenses don’t always align with the timelines of traditional loan approvals. Instead of waiting for formal checks linked to the Axis Bank personal loan interest rate, many tenants prefer the quicker route of NoBroker InstaCash. This option allows instant access to funds up to ₹10 lakh, directly tied to monthly rental payments, with minimal paperwork. The application process is completely digital, ensuring speed and convenience. For urgent requirements such as emergencies or short-term expenses, InstaCash delivers immediate liquidity, often proving to be a more practical solution than conventional personal loans.

Frequently Asked Questions