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Personal Loan
Personal Loans offered by Axis Bank can help you turn your dreams and aspirations into reality with ease and zero hassles. Whether you're financing a dream vacation, a major life event or encountering unforeseen medical emergencies, our Instant Personal Loan can be the best solution for achieving your goals and meeting your needs quickly and efficiently. With our easy-to-use online Personal Loan option, you can meet your financial requirements and benefit from features like fast processing, minimal documentation, competitive interest rates and adaptable repayment options. Take the first step towards a brighter financial future today and ease your journey with our range of Instant Personal Loans.
Great plans start with well-calculated decisions
Personal Loan EMI Calculator
A Personal Loan EMI calculator is an important tool that helps borrowers know the exact amount they are required to pay as an EMI every month to repay their Personal Loans. The online Personal Loan EMI calculator uses parameters such as loan amount, tenure and interest rate to calculate the EMI details for borrowers who have taken a Personal Loan from a bank or a financial institution or are looking for a Personal Loan.
10K
40L
Your EMI*₹ 1,14,678
Get instant funds*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Personal Loan Eligibility Calculator
A personal loan eligibility calculator comes in handy when you need an instant idea of the maximum amount of loan you are eligible for. Personal loan provides you financial support when life takes an unexpected turn or when you need some extra funds to fulfill your goals and ambitions. Whether planning a wedding or giving your home a new interior, personal loan can ease your financial burden. However, checking all the boxes on the personal loan criteria is crucial to getting your application approved. These criteria determine what amount can be sanctioned to you.
That is where a personal loan eligibility calculator helps you. How, you ask? Let us understand.
You are eligible for up to
₹ 15,00,000
Interest Rates for Personal Loan
Interest rates starting from
9.99% p.a.
basis loans disbursed between Jan'25 to Mar'25*
* Terms & Conditions Apply
Instant Personal Loan Features
No Collateral Required
Obtain a Personal Loan without the need to secure it against any assets.
Simple, Easy Online Process
Experience a streamlined and user-friendly application process entirely online.
Low Interest Rates
Benefit from competitively low rates, making your Personal Loan affordable.
Transparent Terms
Enjoy clear and straightforward Personal Loan terms with no hidden fees.
Flexible Tenure
Choose from a range of repayment periods to best suit your financial situation.
Personal Loan Eligibility
Documents required for Personal Loan
Personal Loan Application Process
New to bank
Existing to bank
How to apply?
Secure your financial needs effortlessly: Begin your application in minutes with our guided steps below:
- 01
Begin by clicking 'Apply Now' on the top banner
- 02
Provide your personal details such as mobile number and either Date of Birth or PAN
- 03
Please enter the OTP that you receive on your mobile phone
- 04
Give the consent for sharing your details for the purpose of verification of your documents
- 05
Keep your last six months bank statements and salary slips ready for uploading
- 06
Complete the eKYC and Video KYC process for your loan application to be complete
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Types of Personal Loan
Personal Loans Online in Your City
Apply for an Axis Bank Personal Loan from anywhere, anytime and get the funds you need within minutes. You can easily apply for Personal Loan in any of the major cities in India and meet your needs effortlessly. We offer a digital journey from start to finish. Apply for the loan, get the approval and the funds credited into your account, with minimal documentation.
Get Personal Loan of Different Amounts
Your Credit Score Matters
Know and improve your Credit Score to better plan for your future finances.
Know moreGet Personal Loan of Different Salary
Banking Centers
Axis Bank Personal Loan offers loans
from ₹50,000 to ₹40,00,000 with minimal documentation and quick approval to help you fulfil your dreams.
Currently the Axis Bank Personal Loans are available only at the below mentioned locations and the
eligibility for the Personal Loans would be based on the Tier location.
To apply for an Axis Bank
Personal Loan visit our Personal Loan banking centres at the following locations or apply online.
| Tier 1 | Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Gurgaon, Noida, Ghaziabad, Faridabad |
|---|---|
| Tier 2 | Pune, Ahmedabad, Kolkata |
| Tier 3 | Coimbatore, Kochi, Jaipur, Lucknow, Patna, Jamshedpur, Vadodara, Trivandrum, Vishakhapatnam, Bhubaneshwar, Trichy, Surat, Nashik, Aurangabad, Goa, Guwahati, Nagpur, Chandigarh |
| Tier 4 | Bhopal, Calicut, Jodhpur, Mysore, Pondicherry, Raipur, Rajkot, Durgapur, Dehradun, Hubli, Jalandhar, Kolhapur, Ludhiana, Madurai, Mangalore, Patiala, Siliguri , Ranchi, Tirunelveli, Udaipur, Vijaywada, Indore, Ajmer, Allahabad, Bhatinda, Belgaum, Bhavnagar, Bhilwara, Jamnagar, Kanpur, Kota, Salem, Ujjain, Warangal, Mehsana |
Customer Reviews
Here's what our customers have to share about their experience
Do's and Don'ts about Personal Loan
Do’s
Don'ts
Things to Know About Personal Loan
- Eligibility criteria:
For faster processing of Personal Loan application, you must meet specific requirements like minimum age, income, and a good credit score. - Interest rates:
Interest rates depend on your credit score, income, and financial history. Understanding the rate offered is crucial, as it affects your monthly payments and the total cost of the loan. - Loan tenure:
The repayment period can range from a few months to several years. A longer tenure reduces monthly payments but may increase total interest, while a shorter tenure could mean higher payments but less interest over time.
- Processing fees and charges:
Be aware of any processing fees or additional charges when you apply for a Personal Loan. These costs can increase the total amount repayable. - Prepayment and foreclosure options:
Lenders permit early repayment or foreclosure, sometimes with a penalty. Knowing these terms can help you save on interest if you can repay early.
Tips to use your Personal Loan safely
Already Applied? Track your application here
It's important to check on your loan application status if you have applied for a personal loan.
Track NowFrequently Asked Questions
A Personal Loan is an unsecured loan offered by banks requiring minimal documentation and no collateral. The loan is offered based on eligibility criteria such as employment status, credit history, income level, repayment history and capacity.
An instant personal loan can be utilised for a variety of reasons, such as home renovations, marriage, education, travel plans, or any other personal reason Like any other loan, you must repay the loan according to the bank's terms and conditions within the set tenure. Once you apply for a personal loan, it is processed quickly and gives you instant access to funds. Axis Bank offers personal loans of up to Rs 40 lakhs to salaried individuals at competitive interest rates with flexible tenures and transparent terms.
Personal loans are lump-sum amounts lent by banks or lenders for personal use. You repay with interest over a fixed period through EMIs.
A Personal loan can be used for any purpose such as a medical emergency, wedding, travel, educational purpose, home renovation, etc. Business loans are specifically meant for business purposes and involve different eligibility criteria and terms.
Apply online or visit a branch, submit the required documents or complete the 100% digital journey online and get quick approval.
Online loan applications may receive approval within minutes to a few hours, while traditional applications might take a few days.
Approval times vary but can range from a few minutes for online applications to a few days for traditional ones.
Commonly required documents include identity proof, address proof, income proof, and bank statements. These include Aadhaar, PAN, Voter ID, salary slips for salaried individuals and bank statements for non-salaried individuals and tax returns. One can also verify income online as well as verity KYC online via 100% digital process.
Online applications offer convenience, faster processing, easy comparison, and minimal documentation.
Axis Bank offers Personal Loan for a maximum tenure of 5 years. The tenure will also depend on the loan amount.
Consider a personal loan for immediate financial needs like home renovations, an unexpected trip, education expenses, or debt consolidation.
Personal Loans can be used for various purposes such as medical emergencies, weddings, travel expenses, or even debt consolidation.
Repayments are made through Equated Monthly Installments (EMIs) comprising principal and interest.
The maximum loan amount varies from bank to bank and is based on individual eligibility, income, credit score, and lender policies. Axis Bank offers Personal Loans up to a maximum of Rs 40 lakh, if you have an existing relationship with Axis bank and Rs. 25 lakh, if you don't have an existing relationship with the Bank.
Axis Bank offers unsecured personal loans, which does not require collateral or assets.
A good credit score reflects creditworthiness, improving the chances of loan approval and favorable terms.
Personal loans don't typically offer tax benefits, unlike home loans which have certain exemptions.
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