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Axis Bank Personal Loan @11% Upto 40 Lakh

Get the best deals on personal loans with attractive rates. Compare personal loans from different lenders on Fincover and apply now!

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Axis Bank Personal Loan offers faster personal loan sanctioning. You can avail a personal loan from Rs. 50000 to Rs. 40 lakhs with minimal documentation and quick sanctioning from Axis Bank. A Personal Loan is ideal for a range of purposes. Whether it is planning a vacation or renovating your home or purchasing household items, you can use them the way you want. Axis Bank also offers the facility to transfer the existing loan from different provider to Axis Bank.

axis bank personal loan Highlights/Details

Interest Rates Starting from 10.49%
Loan Amount Up to ₹40 Lakhs
Minimum Monthly Salary ₹15,000
Minimum Loan Amount ₹50,000
Processing Fee Up to 2% of the loan amount + GST
Compare Axis Bank Interest Rates Vs Others
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

eligibility criteria for Axis Bank Personal Loans

CriteriaDetails
Age21 years to 60 years
Employment TypeSalaried and self-employed individuals
Minimum Monthly Income₹15,000
Work Experience (Salaried)Minimum 1 year with at least 6 months in current job
Business Tenure (Self-Employed)Minimum 3 years in current business
Credit Score700 or above (preferred)
Residential StatusIndian resident

charges and fees for Axis Bank Personal Loan

Charge/FeeDetails
Processing FeeUp to 2% of the loan amount + GST
Prepayment/Foreclosure2% to 5% of the outstanding principal amount
Late Payment Charges2% per month on overdue amount
Loan Cancellation Charges₹3,000 + GST (Processing fee is non-refundable)
Cheque Bounce Charges₹500 per instance + GST
Stamp Duty & Legal FeesAs per state laws
Duplicate Statement Fee₹250 per statement
Loan Rescheduling Fee₹1,000 + GST

Documents required for Axis Personal Loan

CategoryDocuments Required
Identity ProofAadhaar Card, PAN Card, Passport, Voter ID, or Driving License
Address ProofAadhaar Card, Passport, Utility Bills (Electricity, Water, etc.), or Rent Agreement
Income Proof (Salaried)Latest 3 months’ salary slips and 6 months’ bank statement showing salary credits
Income Proof (Self-Employed)Last 2 years’ Income Tax Returns (ITR), Profit & Loss Statement, and Bank Statements
PhotographRecent passport-sized photograph
Loan Application FormDuly filled and signed application form

Tips to improve Personal Loan eligibility at Axis Bank

  • Maintain a good credit score: Typically, a credit score of 750 and above is considered as a good credit score. It indicates that you have higher capability to repay the loan. In such cases, banks view you as a good customer and sanction loans without any hesitation.
  • Avoid applying for multiple loans: Applying for loans at multiple banks will give the impression that you are credit hungry and impact your credit score significantly. This may cause the bank to charge a higher interest rate for your personal loan
  • Do not default on your EMIs: It is important that you pay the EMIs on time. If you use credit cards regularly, it is important that you settle the dues on time. Not paying the EMis or credit card balance, may negatively impact your credit score and hamper your loan prospects
  • Keep the EMIs in control: You have to plan your monthly budget in a way that your debt obligation does not exceed more than 50% of your monthly income. In the event your dues are more than 50% of your salary, banks might reject your loan application as they would fear about your repayment ability. To avoid this, you can reduce the amount that you are asking as a loan and arrange for funds out of your pocket

How to Apply for a Loan at Axis Bank? at Fincover

StepDetails
Step 1: Visit FincoverGo to the official Fincover website
Step 2: Select LoanChoose “Personal Loan -> Axis Personal Loan” and Apply
Step 3: Provide DetailsEnter your personal, employment, and financial details in the online form.
Step 4: Submit DocumentsUpload the required documents (identity proof, address proof, income proof, etc.).
Step 5: Loan ApprovalWait for Axis Bank to process your application and verify your details.
Step 6: Loan DisbursementUpon approval, the loan amount will be credited to your bank account.
FAQs
Banks prefer a credit score of 750 and above as the ideal credit score for sanctioning any kinds of loan
Axis bank’s application processing time normally takes around 4 working days, provided all the documents submitted are in order.
The processing charge to avail a Axis Bank Personal Loan ranges between 1.5% to 2% of the loan amount plus GST as applicable.
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