Skip to main content
campaignLive Updates
fiber_newNew LaunchICICI Bank unveils 1838 Reserve ultra-luxury credit card with 0% forex markup, Quorum Club access & Lohono Stays villa stay•trending_downDevaluation AlertAmEx Platinum Travel Sept 10 revision cuts ₹1.9L milestone & bonus MR; domestic lounge gated to ₹1L/qtr from Oct 1•trending_upRevaluationIDFC FIRST Bank announces universal 0% Forex Markup across all credit cards with international rewards sunset on Oct 26•fiber_newNew LaunchICICI Bank unveils 1838 Reserve ultra-luxury credit card with 0% forex markup, Quorum Club access & Lohono Stays villa stay•trending_downDevaluation AlertAmEx Platinum Travel Sept 10 revision cuts ₹1.9L milestone & bonus MR; domestic lounge gated to ₹1L/qtr from Oct 1•trending_upRevaluationIDFC FIRST Bank announces universal 0% Forex Markup across all credit cards with international rewards sunset on Oct 26•
CREDSUTRA

↑ ↓ Navigate↵ Select
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%p.a. onwards
Max LTV100%Asset value
Max tenure5 years60 months
Customize this example for your borrowing needs.
Customize repaymentApply on Axis BankBank site · opens in a new tab
Mathematical Grounding

True Cost & 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

Decision Verdict & Mathematical Edge

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

Maths for it

  • +Reputable lending network of Axis Bank with predictable servicing and flexible tenures.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 1.5% (cap ₹5,000) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +50 BPS (0.50%) risk adjustment spread over base card rates.
  • −Steep CIBIL risk pricing ladder: Borrowers scoring below 700 may be charged up to 15.00%.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +50 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. 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 Fine Print & 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

Eligibility Highlights

  • 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 up to ₹40,00,000

Lender Alternatives

Compare alternatives in Personal Loans

Compare this category
HDFC Bank

HDFC Bank Personal Loan

Starting at 10.50% p.a.
Read review
ICICI Bank

ICICI Bank Personal Loan

Starting at 10.75% p.a.
Read review
Tata Capital

Tata Capital Personal Loan

Starting at 10.99% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for Axis Bank Personal Loan?
Axis Bank Personal Loan offers interest rates starting from 10.49% up to 15.00% p.a., structured as Fixed Interest Rate.
Are there prepayment or foreclosure charges on Axis Bank Personal Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Foreclosure allowed after 12 months with 3% fee on outstanding principal.
What is the Day-1 upfront cash requirement for Axis Bank Personal Loan?
For a representative principal of ₹5,00,000, the total Day-1 upfront cash outflow is approximately ₹5,900, comprising ₹5,000 processing fee + ₹900 GST (18%) + ₹0 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

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