Axis Bank Personal Loan 2026
Axis Bank offers personal loans of up to ₹40 lakh with tenures up to 7 years and a lower income bar for its own customers. Interest rate 9.99% – 21.55%, loan Up to ₹40 lakh, tenure 12 – 84 months.
Rates as of Sep 2026 · Checked 27 September 2026Axis Bank Personal Loan at a glance
- Tenure up to 84 months
- Lower income bar (₹15,000) for existing customers
- 5% foreclosure charge — among the highest
- Aggregator maximum rate of 21.55%
Axis Bank personal loan interest rate & charges
| Feature | Axis Bank |
|---|---|
| Interest rate | 9.99% – 21.55% |
| Rate details | Axis Bank’s page says “starting @ 9.99%” (Sep 2026). BankBazaar lists 9.50% – 21.55% (updated 22 Sep 2026); we show the official start and the aggregator’s maximum. |
| Processing fee | Up to 2% of loan + GST |
| Loan amount | Up to ₹40 lakh |
| Tenure | 12 – 84 months |
| Prepayment / foreclosure | Foreclosure 5% + GST; part-payment 3% or 2% depending on tenure (BankBazaar) |
| Minimum income | ₹15,000/month (Axis customers); ₹25,000 (others) |
Source: www.bankbazaar.com, Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Axis Bank’s rates
| Loan amount | EMI @ 9.99% | EMI @ 15.77% | EMI @ 21.55% |
|---|---|---|---|
| ₹2,00,000 | ₹4,248 | ₹4,839 | ₹5,473 |
| ₹5,00,000 | ₹10,621 | ₹12,098 | ₹13,682 |
| ₹10,00,000 | ₹21,242 | ₹24,196 | ₹27,364 |
Tenure 5 years, reducing-balance method. Total interest on ₹5,00,000 at 9.99%: ₹1,37,264.
Axis Bank personal loan EMI calculator
Eligibility
- Salaried employees of private companies, PSUs and government
- Net monthly income ₹15,000 (Axis customers) or ₹25,000 (others)
- Good credit history
Documents required
- Identity proof: PAN (mandatory) plus Aadhaar, passport, voter ID or driving licence
- Address proof if different from ID
- Salaried: last 3 months’ salary slips, 3 – 6 months’ salary-account statement, Form 16 or latest ITR
- Self-employed: last 2 – 3 years’ ITR with computation of income, audited financials where applicable, 6 – 12 months’ bank statements, business registration (GST, Udyam, shop licence)
- Passport-size photograph (branch applications)
- Existing lenders’ sanction letters or statements if you are consolidating or transferring a loan
How to apply for Axis Bank Personal Loan
- Check your credit reportDownload your free report, fix errors and see what rate band you fall in.
- Compare offersCompare APR in the Key Facts Statement, fees and foreclosure terms — not just the headline rate.
- Apply on the lender’s own app, website or branchUse the bank’s official channels or its listed lending partners; never pay anyone a fee to “get the loan approved”.
- KYC and verificationAadhaar/PAN-based e-KYC or video KYC; income is verified from payslips, bank statements or account aggregator data.
- Sign KFS and agreementCheck APR, EMI schedule, foreclosure charge, penal charges and cooling-off period before e-signing.
- DisbursalMoney is credited directly to your bank account by the lender — never through a third party’s account.
Axis Bank vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹5,00,000 |
|---|---|---|---|---|
| Axis Bank Personal Loan | 9.99% – 21.55% | Up to 2% of loan + GST | 12 – 84 months | ₹10,621 |
| HDFC Bank Personal Loan | 9.99% – 24.00% | Up to ₹6,500 + GST | 12 – 60 months (up to 72–84 months for select segments) | ₹10,621 |
| ICICI Bank Personal Loan | 9.99% – 16.50% | Up to 2% of loan + GST | — | ₹10,621 |
| IDFC FIRST Bank Personal Loan (FIRSTmoney) | 9.99% onwards | 0% – 3.5% of loan (incl. GST); zero on select amounts | 9 – 60 months | ₹10,621 |
| SBI Personal Loan (Xpress Credit) | 10.00% – 15.00% | 1.50% of loan (min ₹1,000, max ₹15,000) + GST | 6 – 84 months | ₹10,624 |
| Bank of Baroda Personal Loan | 10.15% – 17.50% | Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000) | Up to 84 months (salaried); 48 – 60 months (non-salaried) | ₹10,660 |
| YES Bank Personal Loan | 10.85% – 21.00% | Up to 2.5% of loan | 12 – 72 months | ₹10,834 |
| Kotak Mahindra Bank Personal Loan | 10.99% onwards | Up to 5% of loan + GST | 12 – 72 months | ₹10,869 |
Frequently asked questions
What is the Axis Bank Personal Loan personal loan interest rate?
Axis Bank personal loan rates start at 9.99% and go up to 21.55% p.a. (as of Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹5,00,000 from Axis Bank?
At 9.99% for 5 years the EMI is about ₹10,621, with total interest of ₹1,37,264.
What is the processing fee?
Axis Bank: Up to 2% of loan + GST. GST at 18% applies on fees.
What is the maximum tenure?
Axis Bank: 12 – 84 months.
Can I prepay or foreclose the loan?
Axis Bank: Foreclosure 5% + GST; part-payment 3% or 2% depending on tenure (BankBazaar).
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Axis Bank Personal Loan. Terms change — confirm with the lender.