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Axis BankPersonal LoansFixed Interest Rate

Axis Bank Personal Loan

Competitive starting interest rate of 10.49% · Complete end-to-end digital paperless journey · Balance transfer option available at lower interest rates

Starting rate10.49%per year se
Max LTV100%Asset value
Max tenure5 saal60 mahine
Is example ko apni borrowing needs ke hisaab se customize karein.
Repayment customize kareinApply karein: Axis BankBank site · naye tab mein khulega
Mathematical Grounding

True cost aur Day-1 cash breakdown

Representative scenario for ₹5,00,000 loan over 5 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹5,900

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹5,000
18% GST₹900
Legal & Valuation₹0
Estimated Monthly EMI₹10,744Per month for 60 installments
Total Lifetime Interest₹1,44,640Net interest outgo over 5 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹6,50,540
CredSutra Intelligence

Loan verdict aur maths

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths favour mein

  • +Axis Bank ka trusted institutional network aur flexible repayment terms.
  • +0% Prepayment penalty (RBI mandate): Part-prepay ya foreclose anytime with zero financial penalty.

Maths against

  • −Processing fee 1.5% (cap ₹5,000) + 18% GST upfront Day-1 cash commitment badhata hai.
  • −Self-employed borrowers par +50 BPS (0.50%) extra risk markup lagta hai.
  • −Low CIBIL score (<700) par interest rate escalate hokar 15.00% tak ja sakta hai.
Is scenario ko customize karein
Credit Score Sensitivity

CIBIL score ke hisaab se rate ladder

Self-employed risk loading: +50 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEstimated monthly EMI (₹5,00,000)
750 – 900Prime borrower10.49% – 12.00%10.99% – 12.50%₹10,744
700 – 749Good standing12.00% – 13.50%12.50% – 14.00%₹11,122
650 – 699Standard / fair13.50% – 15.00%14.00% – 15.50%₹11,505
Contract Details

Contract ki terms & Clauses

Rate Reset Frequency

Fixed rate contract for entire loan tenure

Overdraft / Smart Saver Facility

Not available on this product tier

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Foreclosure allowed after 12 months with 3% fee on outstanding principal.

Borrower Verification

Main eligibility conditions

  • Salaried individuals with minimum net monthly income of ₹20,000
  • Age 21-60 years
  • Minimum 1 year of continuous employment
Loan amount range

₹50,000 se ₹40,00,000

Lender Alternatives

Is category mein options: Personal Loans

Is category ko compare karein
HDFC Bank

HDFC Bank Personal Loan

Starting at 10.50% p.a.
Review padhein
ICICI Bank

ICICI Bank Personal Loan

Starting at 10.75% p.a.
Review padhein
Tata Capital

Tata Capital Personal Loan

Starting at 10.99% p.a.
Review padhein

Frequently Asked Questions

Axis Bank Personal Loan ka current interest rate aur benchmark spread kya hai?
Axis Bank Personal Loan ki interest rate 10.49% se 15.00% p.a. ke beech hai, jo Fixed Interest Rate par pegged hai.
Kya Axis Bank Personal Loan par foreclosure ya prepayment penalty lagti hai?
RBI Master Directions ke hisaab se individual floating rate borrowers par 0% foreclosure penalty hoti hai. (Bank note: Foreclosure allowed after 12 months with 3% fee on outstanding principal.)
Axis Bank Personal Loan ke liye Day-1 upfront cash kitna lagta hai?
Representative ₹5,00,000 loan par estimated Day-1 upfront cash ₹5,900 hai (Processing fee: ₹5,000 + GST: ₹900 + Legal/Valuation: ₹0).

In loan records mein verification date nahi hai. Apply karne se pehle lender ki current terms check karein.

Official sources & citations
Sources
  • axisbank.com
  • RBI Master Directions on Advances & Floating Rate Loans (Commercial Banks)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets