A Personal Loan from Axis Bank ensures that you need not go back on the targets that you have set for yourself, be it the perfect wedding for your child, the complete renovation of your home or a fun-filled holiday for your family. Avail a Personal Loan starting from Rs. 50,000 up to Rs. 15,00,000 with minimal documentation and attractive interest rates. Here are the interest rates for Personal Loans with tenures of up to 36 months.
| Fixed Rate Loan |
1 Yr MCLR |
Spread over 1 year MCLR |
Effective ROI |
Reset |
| Personal Loan |
7.40% |
4.60%-13.60% |
10.49% to 21% |
No Reset |
Personal Loan Charges
Looking for a Personal Loan online? Axis Bank offers the most attractive interest rates and charges on Personal Loans. Refer the table below to know more.
Schedule of charges**
| Repayment instruction / Instrument return charges |
Rs.500/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (Cheque/Instrument) |
Rs.500/- per instance + GST as applicable |
| Penal Interest |
@ 24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate statement issuance charges |
Rs.250/- per instance per set + GST as applicable.
|
| Duplicate Amortization schedule issuance charges |
Rs.250/- per instance per set + GST as applicable. |
|
Re-Issuance of photocopy of loan agreement/documents
|
Rs.250/- per instance per set + GST as applicable.
|
|
Credit Information Companies (CICs) Report Issuance Charges
|
Rs. 50/- per instance per set + GST as applicable.
|
| Duplicate NOC |
Rs. 500/- per instance per set + GST as applicable. |
| Stamp Duty Charges |
As per State Stamp Act |
| Foreclosure/ Part Prepayment Charges |
Foreclosure charged on loan oustanding, pre-payment charged on amount of part payment
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for greater than 36 months |
**(Subject to change as per Bank’s discretion from time to time)
** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
Interest rate and schedule of charges for personal loans with tenure more than 36 months
| Rate of Interest |
12% to 21% |
| Repayment instruction / Instrument return charges |
Rs.500/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (Cheque/Instrument) |
Rs.500/- per instance + GST as applicable |
| Penal Interest |
@ 24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate statement issuance charges |
Rs.250/- per instance per set + GST as applicable. |
| Duplicate Amortization schedule issuance charges |
Rs.250/- per instance per set + GST as applicable.
|
| Re-Issuance of photocopy of loan agreement/documents |
Rs.250/- per instance per set + GST as applicable. |
|
Credit Information Companies (CICs) Report Issuance Charges |
Rs. 50/- per instance per set + GST as applicable.
|
|
Duplicate NOC
|
Rs. 500/- per instance per set + GST as applicable.
|
|
Stamp Duty Charges
|
As per State Stamp Act
|
| Foreclosure/ Part Prepayment Charges |
Foreclosure charged on loan oustanding, pre-payment charged on amount of part payment
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for greater than 36 months |
**(Subject to change as per Bank’s discretion from time to time)
** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
For further details, please Click here For Interest rate and schedule of charges for personal loans with tenure more than 36 months
