Explore 2017 interest rates available for Axis bank personal loan. Check eligibility criteria, EMI calculator, Axis bank personal loan documents required and get customized personal loan for home renovation, marriage, vacations, travel etc.

Axis Bank Personal Loan

Axis Bank Personal loan eligibility for Salaried Employees

Salaried Employees, employees of select MNCs, Private and Public limited companies, Government sector employees including Public Sector Undertakings and Central and Local bodies:

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 60 years
  • Minimum Net Monthly Income: Rs 15,000
  • Maximum loan available: Rs 15 lacs

Axis Bank Personal Loan Documents Required:

  • Axis Bank Personal Loan Application form
  • Photograph
  • Age proof
  • ID proof
  • Income proof
  • Bank statement
  • Residence proof
  • Signature verification proof

Axis Bank Personal Loan Post Sanction / Pre Disbursement Documentation

  • Loan Agreement duly signed
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). Security Cheques required for SI and ECS

Axis Bank Personal Loan EMI Calculator

Use the loan EMI calculator axis bank to calculate the exact amount you will pay as your monthly installment. Keep in mind that EMI for your personal loan is decided on your eligibility criteria, the amount, the type of loan plan and the repayment period.

Use the personal loan EMI calculator of axis bank to calculate your monthly installment -

E = P x r x (1+r)^n/((1+r)^n – 1) E stands for the amount that you need to pay every month P stands for the amount that you want to borrow. r stands for the applicable rate of interest. It is calculated on a monthly basis instead of the annual rate of interest. Monthly rate of interest is obtained by using the formula r = (annual interest/12) x 100. n stands for the duration of the loan in terms of months.

Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers Documentary proofs required may vary from customer to customer

Axis Bank Personal Loan Interest Rates & Charges

Interest Rates & Charges*
Rate of Interest15.50% to 24%
Loan Processing Charges1.50% to 2.00% + Service Tax as applicable
Cheque Bounce ChargesRs. 500 per cheque bounce + Service Tax as applicable
Cheque/ Instrument Swap chargesRs.500 per instance + Service Tax as applicable
Prepayment/ Forclosure ChargesNil
Default Interest Rate@24.00% per annum i.e 2% per month on the overdue installment
Duplicate Statement Issuance Charges

Duplicate Amortization Schedule Charges

Duplicate Interest Certificate

(Provisional/ Actual) issuance Charges
Rs 250 per instance + Service Tax as applicable

Rs 250 per instance + Service Tax as applicable

Rs 250 per instance + Service Tax as applicable
Cibil Report Issuance Charges

Stamp Duty Charges
Rs. 50/- per instance per set+ service tax as applicable Rs. 50/- per instance per set+ service tax as applicable

As per State Stamp Act As per State Stamp Act
Issuance Charges for Photocopy of Loan Agreement/ DocumentsRs 250 per instance + Service Tax as applicable