Axis Bank Personal Loan
Axis Bank offers one of the more competitive personal-loan rate sheets among private banks for premium-salaried applicants. Existing Axis salary-account customers see the sharpest rates; new-to-bank applicants get a fast digital journey via the Axis Mobile app.
By Aditi Menon·Editor-in-Chief·reviewed by editor
Last updated: 15 June 2025
Interest Rate
10.99% – 22% p.a.
Loan Amount
₹50,000 to ₹40 lakh
Tenure
12 to 60 months
Processing Fee
Up to 2% (max ₹10,000)
Key features
- Starting rate 10.99% p.a. for eligible salaried customers
- Loan amount up to ₹40 lakh
- Tenure 12 to 60 months
- Pre-approved insta-loan for existing Axis customers
- Balance transfer facility from other banks
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | Up to 2% (max ₹10,000) + GST |
| Foreclosure charges | 2-4% of outstanding |
| Part-payment | Allowed after 12 EMIs |
| Late payment | 24% p.a. on overdue |
| EMI bounce | ₹500 + GST |
Eligibility
- Age 21 to 60 years for salaried
- Minimum monthly income ₹15,000 (₹25,000 in metros)
- Minimum 1 year with current employer, 2 years total experience
- Credit score 720+ preferred
Special segments
Axis Bank runs preferential rates for Burgundy Private / Priority customers, corporate salary channel accounts, and defence personnel. These segments often see rates starting at 10.49% and processing-fee waivers during festive campaigns.