Axis Bank Personal Loan Interest Rate 

A personal loan is acquired after evaluation of certain factors; interest rate is one of the most significant ones. Other charges and fees include processing charges, legal, stamp duty, pre and post-payment etc. Axis Bank personal loan interest rate ensure the meeting of goals and financial ambitions with proper ease and convenience. 

Axis Bank personal loan fulfills goals like child weddings, education, vacations, renovations and much more. An applicant can avail of credit starting from Rs 50,000 that can go upto the mark of Rs 40 lakhs with simple documentation. Axis Bank personal loan interest rate starts from 10.49% and goes upto 22% (Depending on the applicant’s credibility). 

Personal Loan – Explained  

A personal loan is a form of unsecured loan that is offered to applicants based on their credit needs and repayment worthiness. As the name personal loan suggests, it is the credit amount acquired for the fulfilment of personal needs such as Marriage, education, vacation and many more. As said above, it is an unsecured loan thus, no collateral is required to pledge. They are offered for short-repayment tenure of 6 months to 5 years hence interest rate charged is comparatively high. 

Interest rate, Fees & other charges – Axis Bank Personal loan 

Axis Bank Personal loan comes with the associated cost known as the Interest rate and a one-time chargeable fee called processing fee. Including various other charges according to conditions and circumstances as mentioned below in the schedule. 



Interest Rate 

Starting from 10.49% p.a.

Processing fee 

Upto 2% on loan amount + GST 

Loan amount 

Upto Rs 40 lakhs 

Tenure / Duration 

Upto 5 years or 60 months 

The interest rate for Personal loans 

Fixed Rate Loan 

1 Year MCLR

Spread over 1 Year MCLR

Effective ROI


Personal Loan



10.49% – 22%

No Reset

Schedule of charges 

Stamp Duty charges 

Depends on the state to state (Consider stamp Act)

Swap Charges (Cheque/Instrument)

INR 500 per occurrence + GST applicable 


24% Per annum, 2% per month on overdue instalments 

Part payment / Pre-payment charges 

5% + GST applicable 

Pre-payment is charged on the principal outstanding. 

Part pre-payment is charged on the amount of part payment.  

Repayment Instruction / Instrument return charges

Rs 339/- per occurrence of cheque dishonour/SI/ECS/NACH Debit instruction+ GST as applicable. 

Duplicate statement issuance 

Rs 250 per occurrence + GST applicable 

Duplicate Amortisation schedule issuance 

Rs 250 per occurrence + GST applicable

No Dues certificate registration (Duplicate)

Rs 50 per occurrence + GST applicable

Credit Information companies (CIC) report issuance 

Rs 50 per occurrence + GST applicable

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Factors responsible for Personal loan Interest rate – Axis Bank 

There are certain factors that stand equally responsible for determining the interest rate in personal loans. A few renowned factors are mentioned below.

  • Loan Duration / Repayment Tenure 
  • Repayment capability 
  • High credit score 
  • Applicant’s Relations with Bank
  • Higher-income/salary
  • Avoid multiple lenders at a time 
  • Arrange a Co-applicant 

How is the interest rate assessed on Axis Bank Personal loans?

As per the policies and norms decided by Axis Bank, they have finalised the interest on personal loans that starts from 10.49% p.a. and goes upto 22%. Existing customers who have good working relations with banks and applications who have decent profiles will definitely get the advantage in Axis bank personal loan interest rates. 

The credit score here has notable impacts; the number ranges from 300-900 is highly significant. An applicant whose score is closest to 900 will get the amount at a lower interest rate if compared with the applicant whose score is lower. 

How to apply for a personal loan using Axis Bank?

One can apply for Axis Bank personal loan either online by visiting the Axis Bank official website or by physically visiting the nearest branch. If visiting the nearest branch, carry all the required and supporting documents. 

(Visit the lender’s website or contact customer care for more info)

Features & Benefits: Axis Bank Personal Loan 

The key benefits of acquiring a personal loan from Axis Bank are listed below.

  • No Collateral /Security required 
  • Competitive Interest rate 
  • Flexible repayment tenure 
  • High-value loan
  • Minimal Documentation 
  • Simple and hassle-free processing 

Documents required : Axis Bank Personal loan 

Standard and basic documents are required to secure personal loan from Axis Bank. Following below are the required listed documents. 

  • Filled Application form 
  • Proof of Identity – PAN card, Voter ID, Aadhar card 
  • Proof of Address – Electricity Bill & Telephone Bill 
  • Bank Account statement 
  • Statement of Income / Salary certificate / Income Tax return – FORM -16 

(Note: Check Axis Bank official portal or visit nearest branch for authentic information)

Apply for Personal loan at low interest Rate

Frequently Asked Questions – Axis Bank Personal Loan Interest rate. 

Q.1 Who is eligible to apply for a personal loan from Axis Bank?

Any Salaried or self-employed individual aged between 21-60 years is eligible to avail personal loan from Axis Bank. 

Q.2 What is the CIBIL score required for a Yes bank Personal loan?

A minimum credit score of 700 or above is required for a Yes Bank Personal loan. 

Q.3 Is 639 a good CIBIL score?

Any score below 700 is not considerable. 

Q.4 Can I get an Axis Bank personal loan at interest below 10%?

Axis Bank has set limits for personal loans, with interest rates starting from 10.49%

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