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Personal Loan for Salaried
As a salaried professional, your income provides stability and security, but there are times when unexpected expenses or aspirations call for extra financial support. That’s where a personal loan comes in as an essential tool.
If you don't have extra savings to meet your financial goals, you can turn to Axis Bank for a personal loan. Designed specifically for individuals like you, our loans offer a range of benefits tailored to complement your lifestyle and financial goals.
Features and benefits of a salaried personal loan
Minimal documents
Applying for a salaried personal loan is hassle-free, requiring only a few essential documents. This documentation process ensures a smooth and quick application journey.
High-value loan amount
You have access to loan amounts up to ₹40 lakhs, enabling you to cover all minor emergencies to major life events without financial strain.
Swift approval and disbursal
Loans are approved in a few minutes and disbursed within a few hours when you apply online.
Transparent process
There are no hidden charges or clauses, ensuring you have all the information you need to make informed financial decisions.
Doorstep document collection
Axis Bank offers doorstep collection of documents, in cases where any document is required. It means you don't have to visit the bank, making the process even more
Read MoreCompetitive interest rates and flexible tenure
It allows you to choose a repayment schedule that fits your budget and financial plans, making it easier to manage your loan alongside your other financial
Read MoreGreat 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
%
9% 22%
Mos
384
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
Apply for a Personal Loan for salaried employees
- 01
To start your loan application, click on this link.
- 02
Enter your mobile number, PAN card, Aadhar details.
- 03
Verify your mobile with OTP.
- 04
Verify income online or upload six-month bank statements and salary slips.
- 05
Complete Video KYC.
- 06
Provide employment and education details.
- 07
Choose loan amount and tenure. You will be able to see the details of your personal loan EMI. Now, click on "avail now".
- 08
Congratulations! Your loan application has been accepted, and the money will be transferred to your account within a few hours once approved.
Personal Loan for salaried person: Eligibility criteria
Documents Required for Personal Loan for salaried individuals online
Loan for salaried individuals interest rates and charges
Axis Bank offers competitive interest rates and discloses the fees and charges applicable on your personal loans in advance. To know more about personal loan interest rates
Fees and Charges about loan for Salaried individuals
Fees and Charges about loan for Salaried individuals
| Type of charges | Charges |
|---|---|
| Repayment instruction / Instrument return charges | ₹339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (cheque/instrument) | ₹500/- per instance + GST as applicable |
| Penal interest | @24% per annum i.e. 2% per month on the overdue instalment. |
| Duplicate statement issuance charges | ₹250/- per instance per set + GST as applicable. |
| Duplicate amortisation schedule issuance charges | ₹250/- per instance per set + GST as applicable. |
| Credit information companies (CICs) report issuance charges | ₹50 per instance per set + GST as applicable. |
| No dues certificate generation charges (duplicate)) | ₹50/- per instance per set + GST as applicable. |
| Stamp duty charges | As per State Stamp Act |
| Part payment/pre-payment charges | 5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3% |
| Processing fee charges | up to 2% of the loan amount + GST as applicable |
Doorstep document collection:
Axis Bank offers doorstep collection of documents, in cases where any document is required. It means you don't have to visit the bank, making the process even more straightforward and customer-friendly.
Competitive interest rates and flexible tenure:
It allows you to choose a repayment schedule that fits your budget and financial plans, making it easier to manage your loan alongside your other financial responsibilities.
Frequently Asked Questions
The tenure for a personal loan for salaried individuals ranges from 12 months to 84 months for a personal loan for a salaried individual from Axis Bank.
Personal loan eligibility is calculated based on your net monthly income, existing debts or EMI obligations, and your employer's reputation. Axis Bank uses these factors to assess your repayment capacity, determining how much you can comfortably repay without straining your finances.
The amount of personal loan you can get on your salary depends on your net monthly income, credit score, and existing financial obligations. Generally a loan amount does not exceed 40-50% of your monthly income, but this can vary across financial institutions.
Axis Bank charges 2% processing fees on your loan amount and offers competitive interest rates and discloses the fees and charges applicable on your personal loans in advance.
You can use the personal loan for a variety of personal needs such as debt consolidation, financing a wedding, covering medical expenses, funding a vacation, or renovating your home.
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