Upto Rs.15,00,000 – Axis Bank Personal Loan

In this post, we are going to cover our requirements for applying for the Axis Bank Personal Loan, their rate of interest, personal loan details, their customer care number, personal loan features, comparison with other banks, documents required, and types of personal loans offered by Axis Bank, etc.

Be with me, I am going to clear all your doubts step by step in regards to taking a personal loan from Axis Bank.

STEP 1:- LOAN DETAILS

This is one of the prime factors that everyone should have to understand the details of loan providers before applying for it.

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Here is the list of AXIS BANK loans details

RSL NoRequirementsCharges and fees
1Stamp duty chargesAs per State Stamp Act
2Rate of Interest12-24%
3Minimum loan amountRs.50000
4Maximum loan amountRs.15 Lakhs
5Repayment period12 to 60 months
6Prepayment charges1.5%
7Penal interest24% per annum (2% per month) on the overdue intalment
8Processing fee1.5%-2% of sanctioned loan amount +GST
9Lowest possible EMIRs.2,224/Lakh
10Repayment chargesRs.500 per instance of cheque /SC/ECS/NACH debit instruction dishonor +GST
11Credit information Companies report issuance chargesRs.50 per instance per set +GST
12Cheque swap chargesRs.500 per instance +GST
13Charge for issuing duplicate amortization schedule / duplicate statement/Re-issuance of photocopy of loan agreement or documentsRs.250 per instance per set +GST
14Duplicate NOCRs.500 per instance per set +GST
15Minimum age21 years
16IncomeRs.15000 or above

STEP 2:- CUSTOMER CARE NUMBER, MAIL ADDRESS

  • Official Website:-www.axisbank.com
  • Toll-Free Number:-18004190068
  • 24X7 Customer Care Number:-1860-419-5555, 1860-500-5555
  • Other contact numbers are +91-22-24252525/43252525
  • FAX:- +91-22-24251800
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STEP 3:- 3 SIMPLE STEPS TO APPLY FOR AXIS BANK PERSONAL LOAN

Before applying for any kind of bank personal loan your mobile number should be linked with your Aadhar card number and email address because they will send you a verification link over it.

Step 1:-Vist the official website of Axis Bank raises a query or request by the Axis bank website. If in case you don’t get any kind of answers from the bank side you can send an email through www.axisbank.com/support.

Step 2:-After applying for a personal loan you check your application status using Toll-Free Number:-18004190068

Step 3:-If If case you are not satisfied with the bank responses you can write a mail to Principal Nodal Officer.

STEP 4:- FEATURES OF AXIS BANK PERSONAL LOANS

  • Maximum Loan: Rs.15 Lakhs
  • Repayment Time: Max 60 months
  • Lowest EMI possible: Rs.2,224/Lakh
  • Application approval and loan sanction period:30 working days.
  • ROI linked to bank’s MCLR of 1-year and may vary between 12% and 24%/annum.
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STEP 5:- ELIGIBILITY CRITERIA

  • The age of applicant should not be greater than 60 year’s
  • Minimum age requirement 21 year’s or above
  • The monthly income of the applicant should be Rs.15,000 or above
  • Applicant must provide and valid set of documents required for the bank.

STEP 6:- AXIS BANK PERSONAL LOAN COMPARISON WITH OTHER BANKS

MoneylenderMax Loan Time Period(Tenure)ROIProcessing Fee
Axis Bank Rs.15 Lakhs5 years12-24%1.5-2% of loan amount +GST
HDFC BANKRs.12 Lakhs5 years10.75-21.30%Up to 2.5%, max Rs.25,000 for salaried and minimum Rs.2,999
YES BANKRs.40 Lakhs5 years13.99-16.99%Up to 2.50% and minimum Rs.999 +GST taxes
CITIBANKRs.30 Lakhs5 years9.99-16%Upto 2%
PNB BANKRs.10 Lakhs5 years8.80-11.65%Up to 1% +GST

STEP 7:- DOCUMENTS REQUIRED

For getting easy approval of a loan of AXIS BANK you need to submit the following documents

  • Duly signed loan agreement
  • Duly filled personal loan application form
  • Identity proof
  • Income proof
  • Address proof
  • Standing Instruction (SI) Request/ECS Form

STEP 8:-CHECK APPLICATION STATUS OF AXIS BANK PERSONAL LOAN

After applying for personal of Axis Bank you need to check out whether the bank has approved your loan or not. Click on the following button to check the status.

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