Loan

Want to Manage Unexpected Financial Crunches? Well, AXIS Bank Personal Loan Can Be a Perfect Pick!

Unexpected financial crunches can occur anytime without any prior information and can be stressful at times. For a long time, people have depended on friends and family to meet their financial expectations. But gone are those days when you have to go and plead in front of friends and family for the same. It’s high time to become independent by availing a Personal Loan to meet your financial expenses.

More than 50+ well-recognized banks and NBFCs are providing personal loans to individuals at an exciting and affordable ROI. However, with so many options in hand, we end up making bad decisions that we regret in the future. So, to save you from such scenarios, we bring the most convenient option for getting a personal loan, and that too from a credited bank. Yes. We are talking about AXIS Bank Personal Loan. 

You can easily achieve all your objectives if you take out a Personal Loan from AXIS Bank. Axis Bank Personal Loan can serve your needs, whether it’s the much-awaited wedding for you or your child, renovation time for your home, or a much-needed vacation. You can easily get a personal loan starting at Rs. 50,000 and up to Rs. 40 lakh with less paperwork and competitive interest rates. 

In this article, we’ll walk you through all the details of interest rates and other factors associated with Axis Bank Personal Loans. So, let’s move ahead and learn about them. 

Here are a few factors about Axis Bank Personal Loans

Mode of Process

Offline

Location 

70Km from AXIS Branch

Lending Size and Tenure 

50,000 to 1 lakh (12M to 60 M)

ROI

12% to 21%

ROI (Fixed/Reducing)

Reducing

Processing Fees



2%

Foreclosure

After 6 Month with applicable Fees

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Funding to Negative Profile also provided Inhand Salary is 60k Per Month

Factors affecting ROI of Axis Bank Personal Loan

For various borrowers, depending on a variety of circumstances, the Axis Bank personal loan interest rate fluctuates. The following are a few variables that affect personal loan interest rates:

Crucial things you must know about Axis Bank Personal Loan interest rates

Prior to submitting an application for a personal loan from Axis Bank, it’s critical that you understand the following points:

Different charges applicable on the Axis Bank Personal Loan

Before availing of any kind of loan, it is very important for you to know about the different types of charges that can be levied on the same. For your convenience, we have enlisted the charges that are applicable to the Axis Bank Personal Loan.

Repayment instruction / Instrument return charges

Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable

Swap charges (Cheque/Instrument)

Rs.500/- per instance + GST as applicable

Penal Interest

@ 24% per annum i.e. 2% per month on the overdue installment.

Duplicate statement issuance charges

Rs.250/- per instance per set + GST as applicable.

Duplicate Amortization schedule issuance charges

Rs.250/- per instance per set + GST as applicable.

Credit Information Companies (CICs) Report Issuance Charges

Rs.50/- per instance per set + GST as applicable.

No Dues Certificate generation charges (Duplicate)

Rs.50/- per instance per set + GST as applicable.

Stamp Duty Charges

As per stamp act

Foreclosure/Part payment Charges

Foreclosure/Part payment charges on loan outstanding

5% for 0 to 12 months

4% for 13 to 24 months

3% for 25 to 36 months

2% for greater than 36 months

Eligibility & Documents required

To know about the documents and eligibility criteria of Axis Bank Personal Loan, you can refer the table below: 

Eligibility 

Documents Required 



Key takeaways

Till now, you must have known all the bits and bites of Axis Bank Personal Loan. Suppose you are planning to get Axis Bank Personal Loan. In that case, you can easily apply it from ReferLoan as we process the loan very easily and within 24 hours after documentation verification. So, it’s time to fulfill all your financial needs by getting a hassle-free personal loan from the one and only Axis Bank.

FAQs

Yes, Axis Bank offers its chosen customers pre-approved instant personal loans with end-to-end digital processing.

 Axis Bank promises to offer speedy processing of personal loans, but we can’t tell about the precise turnaround time for disbursement. However, Axis Bank’s pre-approved personal loans are disbursed more quickly, typically on the same day of filing the loan application.



Axis Bank only provides fixed interest rates on their personal loans. The floating interest rate is not available with the personal loan from Axis Bank.

Axis Bank personal loans may be utilized for any private purpose, except speculative purposes. Additionally, business owners can use it to grow their enterprises. Based on the entrepreneur’s credit history, the loan is approved.

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