Axis Bank Personal Loan

Interest Rate starts from 12.50%
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Personal Loan From Axis Bank

A personal loan can come in help for any kind of situation like marriage, vacation, festivals, medical emergency etc. ApnaLoanBazaar provides you the customized and personalized quote for Personal Loan at lowest interest rates from various banks.
Interest Rate starts from 12.50%
Processing Fee
1.50%
Loan Tenure
Upto 5 Years
Guarantor Requirement
No
Part-Payment
Allowed
Pre-Closure Charges
Nil

About Axis Bank

Axis Bank Limited provides a suite of corporate and retail banking products. The Bank operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.

Highlights

'Best Loyalty Program of the year', 9th Loyalty Awards 2016
Best Security among Private Sector Banks in India by Data Security Council of India (DSCI), 2015
Innovation in Social Pay-Aegis Graham Bell Awards 2015
Best Domestic Bank in India- Asiamoney Best Banks 2015
'Best Audit Committee' by Asian Centre for Corporate Governance & Sustainability, 2015
No. 1 Promising Banking Brand of 2015, ET Best Brands 2015

FAQs About Axis Bank Personal Loan

What is the best way to apply for an Axis Bank Personal Loan?

    You can start the process of applying for a Personal Loan in any of the following ways:

  • By applying Online with ApnaLoanBazaar, Click Here to Apply
  • In person at any Axis Bank Loan Center.
  • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.You can start the process of applying for a Personal Loan in any of the following ways:
What is the turn around time (TAT) for decisioning a Personal Loan application?
  • Axis Bank will convey its decision within 5 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 5 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
What is the minimum and maximum amount of Personal Loan that I can get?

    At Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are:

  • Your requirement and eligibility
  • Your income
  • Your repayment capacityAt Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are:
What is the tenure for which I can avail a Personal loan?

    At Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are:

  • Your requirement and eligibility
  • Your income
  • Your repayment capacityAt Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are:
What is the tenure for which I can avail a Personal loan?
  • Axis Bank offers you a flexible tenure ranging from 12 to 60 months. For more features of Axis Bank Personal Loans, please click here.
Do I need to pay a fee to apply for an Axis Bank Personal Loan?
  • Yes, banks charge a non-refundable processing fee for every Personal Loan application. The processing charge to avail of an Axis Bank Personal Loan ranges between 1.5% to 2% of the loan amount plus service tax as applicable.
How do I keep track of my Axis Bank Personal Loan? For example, how do I get my statements, and repayment schedule?

    You may place request for Statement of Acccount or Repayment Schedule or Interest Certificate in either of the following ways:

  • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.
  • By using your registered email id to write to Axis Bank at: loans@axisbank.comYou may place request for Statement of Acccount or Repayment Schedule or Interest Certificate in either of the following ways:
What are my different options for making my EMI payments? Is there a preferred one?

    You may repay your Personal Loan in any of the following three ways:

  • Standing Instruction (SI): This mode can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify.
  • Electronic Clearing Service (ECS): This mode can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
  • Post-Dated Cheques (PDCs) : You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Center. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.
  • Axis Bank recommend that you opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs.You may repay your Personal Loan in any of the following three ways:

Can I make part-prepayment towards my Axis Bank Personal Loan? Will any charge be applicable?

    Yes, you can make a part-prepayment towards your Personal Loan at your nearest Axis Bank Loan Center.

  • Currently, Axis Bank levies no charge for part prepayment.Yes, you can make a part-prepayment towards your Personal Loan at your nearest Axis Bank Loan Center.
  • Currently, Axis Bank levies no charge for part prepayment.
How do I update my mobile number and the email address registered under my Personal Loan account?

    You may update your mobile number and email address in either of the following ways:

  • By calling any of Axis Bank toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.
  • By using your registered email id to write to Axis Bank at: loans@axisbank.com
How do I foreclose my Personal Loan? Will there be any charge for the foreclosure?

    Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center.

  • Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request.
  • Currently, Axis Bank levies no charge for pre-closure of a Personal Loan account.Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center.

Required Documentation For Salaried Persons

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Required Documentation For Self Employed

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof For Personal Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Personal Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof For Personal Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education

Marriage

Vacations

Festivals

Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why To Avail Personal Loans?
Expert Advice
Factors That Affect Interest Rates
Advantages And Disadvantages
10 Things To Keep In Mind
Personal Loan Precautions