The Axis Bank Personal Loan offers loan amounts from ₹50,000 to ₹40 lakh at interest rates starting from 9.99% p.a. (up to 22% p.a. depending on profile), with tenures of 12 to 60 months. It is a collateral-free, unsecured loan open to salaried individuals aged 21 to 60 with a minimum net monthly income of ₹15,000 (existing customers) or ₹25,000 (new customers), and you can apply for the Axis Bank Personal Loan online in under 10 minutes.
Axis Bank Personal Loan: Key Facts at a Glance
| Parameter | Details |
| Interest Rate | 9.99% p.a. onwards (up to approx. 22% p.a.) |
| Loan Amount | ₹50,000 to ₹40 lakh (up to ₹50 lakh for select customers) |
| Loan Tenure | 12 months to 84 months (1 to 7 years) |
| Processing Fee | Up to 2% of the loan amount + GST |
| Minimum Age | 21 years |
| Maximum Age (at maturity) | 60 years |
| Minimum Monthly Income | ₹15,000 (existing Axis Bank customers), ₹25,000 (new customers) |
| Preferred CIBIL Score | 700 and above (750+ improves approval odds and pricing) |
| Collateral | Not required (unsecured loan) |
| Disbursal Time | As fast as 24 to 72 hours for eligible applicants |
What Is an Axis Bank Personal Loan?
An Axis Bank Personal Loan is an unsecured, collateral-free credit facility that lets salaried individuals borrow between ₹50,000 and ₹40 lakh for any personal need, wedding expenses, medical emergencies, travel, home renovation, or debt consolidation, without pledging any asset.
The Axis personal loan is disbursed purely on the basis of income, credit score, and repayment capacity. Since there is no security involved, the interest rate is higher than secured loans like a home loan or loan against property, but the process is faster, and funds can reach pre-approved customers within a few hours.
Also Read: SBI vs HDFC vs ICICI Personal Loan – Interest Rate & Eligibility Comparison 2026
Money in Minutes
- Cash from ₹5000–5 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Axis Bank Personal Loan Interest Rate (2026)
The Axis bank personal loan interest rate starts at 9.99% p.a. and can go up to around 22% p.a., with the mean rate typically around 12–13% p.a. The exact rate depends on your CIBIL score, income, employer profile, and relationship with the bank.
Axis Bank prices its personal loan on a case-by-case basis rather than a single flat rate. As per Axis Bank’s own interest rate page, personal loan rates start at 9.99% with minimal paperwork and quick approval. Independent lending aggregators report a similar range, with rates typically falling between roughly 9.5% and 21.55% p.a. on loans between ₹50,000 and ₹40 lakh.
Your final Axis personal loan rate generally depends on:
| Factor | Impact on Rate |
| CIBIL score 750+ | Eligible for rates closer to the 9.99%–11.25% band |
| CIBIL score 700–749 | Mid-range rates, typically 12%–16% |
| Salary account holder with Axis Bank | Preferential pricing, faster processing |
| Central/state government employee | Often gets relatively lower rates due to income stability |
| Self-employed applicants | Higher band, generally 15%–22% |
These bands are indicative and set at the bank’s discretion; they are not a guarantee of the rate you will be offered.
Axis Bank Personal Loan Interest Rate: Key Highlights
| Parameter | Details |
| Interest rate (starting) | 9.99% p.a. |
| Interest rate (maximum) | ~22% p.a. |
| Loan amount | ₹50,000 to ₹40 lakh |
| Loan tenure | 12 to 60 months |
| Processing fee | Up to 2% of loan amount + GST |
| Interest calculation method | Reducing balance |
What Factors Affect Your Axis Bank Personal Loan Interest Rate?
- CIBIL score: A score of 750 or above generally unlocks the lowest available Axis bank personal loan interest rate.
- Income level and stability: Higher, verifiable, and stable income improves pricing.
- Employer category: Employees of listed companies, MNCs, PSUs, and government bodies are often offered preferential rates.
- Existing relationship with Axis Bank: Salary account holders and long-standing customers may get a rate concession.
- Loan amount and tenure: Rate offers can vary by ticket size and repayment period.
- Debt-to-income ratio (FOIR): A lower Fixed Obligation to Income Ratio, generally under 40-50%, improves both approval chances and pricing.
Also Read: Lowest Personal Loan Interest Rate India 2026: Compare & Apply
Axis Bank Personal Loan Eligibility Criteria
Axis bank personal loan eligibility requires applicants to be salaried or self-employed Indian residents aged 21 to 60 years, earning a minimum monthly income of ₹15,000 (existing customers) or ₹25,000 (new customers), with a CIBIL score ideally of 700 or above.
Axis Bank Personal Loan Eligibility for Salaried Applicants
| Criteria | Requirement |
| Age | 21 to 60 years (at loan maturity) |
| Employment Type | Salaried, working with a private company, MNC, PSU, or government body |
| Minimum Monthly Income | ₹15,000 (existing Axis Bank customers); ₹25,000 (new customers) |
| Work Experience | Preferably 1+ year in current job, 2-3 years total experience |
| CIBIL Score | 700 and above preferred |
| Residency | Indian resident |
What CIBIL Score Do You Need for Axis Bank Personal Loan Eligibility?
Axis Bank has not publicly specified a fixed minimum cut-off CIBIL score. However, applicants with a score of 700 to 750 and above generally see meaningfully higher approval odds and access to the lowest Axis bank personal loan interest rate slabs. A lower score does not automatically disqualify an applicant, but it typically results in stricter scrutiny, a lower sanctioned amount, or a higher interest rate.
Also Read: Documents Required For Personal Loan Application
Axis Bank Personal Loan EMI: How Much Will You Pay Every Month?
The Axis Bank Personal Loan EMI for a ₹5 lakh loan at 9.99% p.a. over 5 years works out to approximately ₹10,621 per month. EMI depends on three factors: loan amount, interest rate, and tenure. It is calculated using the formula EMI = [P x R x (1+R)^N] / [(1+R)^N – 1], where P is the principal, R is the monthly interest rate, and N is the tenure in months.
Axis Bank Personal Loan EMI Table (at 9.99% p.a.)
| Loan Amount | EMI (1 Year) | EMI (3 Years) | EMI (5 Years) | EMI (7 Years) |
| ₹1,00,000 | ₹8,791 | ₹3,226 | ₹2,124 | ₹1,660 |
| ₹2,00,000 | ₹17,582 | ₹6,452 | ₹4,248 | ₹3,319 |
| ₹3,00,000 | ₹26,373 | ₹9,679 | ₹6,373 | ₹4,979 |
| ₹5,00,000 | ₹43,956 | ₹16,131 | ₹10,621 | ₹8,298 |
| ₹10,00,000 | ₹87,911 | ₹32,262 | ₹21,242 | ₹16,596 |
| ₹20,00,000 | ₹1,75,822 | ₹64,525 | ₹42,484 | ₹33,192 |
Figures are indicative, computed on the standard reducing-balance EMI formula at the starting rate of 9.99% p.a. Your actual Axis Bank Personal Loan EMI will depend on the rate offered to you individually.
Axis Bank Personal Loan EMI Per Lakh (5-Year Tenure) at Different Rates
| Interest Rate | EMI per ₹1 Lakh (60 months) |
| 9.99% p.a. | ₹2,124 |
| 10.49% p.a. | ₹2,149 |
| 11.25% p.a. | ₹2,187 |
| 12.50% p.a. | ₹2,250 |
| 15.00% p.a. | ₹2,379 |
| 18.00% p.a. | ₹2,539 |
| 22.00% p.a. | ₹2,762 |
Example: Total Interest on a ₹5 Lakh Axis Personal Loan
At 9.99% p.a. over 5 years, a ₹5,00,000 Axis personal loan results in a total repayment of approximately ₹6,37,264, meaning total interest paid is around ₹1,37,264 over the loan term. Choosing a shorter tenure of 3 years instead reduces total interest to approximately ₹80,725, though the EMI rises from ₹10,621 to ₹16,131 per month.
How to Use the Axis Bank Personal Loan EMI Calculator
- Visit the Axis Bank Personal Loan EMI calculator page or a trusted third-party calculator.
- Enter the desired loan amount.
- Enter the expected or offered interest rate.
- Select the tenure in months or years.
- The calculator instantly displays your EMI, total interest payable, and total repayment amount.
Using the EMI calculator before applying helps you compare tenure options and confirm that the EMI fits comfortably within your monthly budget, generally advisable to keep total EMI obligations under 40-50% of your net monthly income.
Axis Bank Personal Loan Amount and Tenure
The Axis Bank Personal Loan is available for a minimum amount of ₹50,000 and a maximum amount of ₹40 lakh for most applicants, with select high-income or pre-approved customers eligible for up to ₹50 lakh. Repayment tenure ranges from 12 months to 84 months (7 years), giving borrowers flexibility to balance a lower EMI against a longer repayment period versus a higher EMI with lower total interest.
Also Read: Can You Have Two Personal Loans in India? Everything You Need to Know
Money in Minutes
- Cash from ₹5000–5 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Documents Required for Axis Bank Personal Loan
You typically need PAN, one KYC/address proof document (Aadhaar, passport, voter ID, or driving licence), the last 3 months’ salary slips, Form 16, and 6 months’ bank statements to apply for an Axis Bank Personal Loan.
| Document Type | Examples |
| Identity Proof | PAN Card, Aadhaar Card, Passport, Voter ID, Driving Licence |
| Address Proof | Aadhaar Card, Passport, Voter ID, Driving Licence, utility bill |
| Income Proof | Last 3 months’ salary slips, latest Form 16 |
| Bank Statement | Last 6 months’ salary account statement |
| Photograph | Recent passport-size photograph |
Existing Axis Bank salary account holders can often skip document uploads entirely, since income and KYC are verified digitally against existing bank records.
Also Read: Documents Required For Personal Loan Application
How to Apply for Axis Bank Personal Loan Online
To apply for Axis Bank personal loan online, visit the Axis Bank website or mobile app, enter your PAN and mobile number, check your pre-approved offer, complete video KYC, upload income documents, choose your loan amount and tenure, and e-sign the agreement. Approved and pre-qualified applicants can receive disbursal within a few hours.
Step-by-Step Application Process
- Check your offer: Log in to the Axis Bank website, mobile app, or a partner platform, and enter your PAN and registered mobile number to view any pre-approved offer.
- Verify with OTP: Authenticate your mobile number using the OTP sent to your registered number.
- Enter income and employment details: If you’re not pre-approved, verify income digitally or upload your last 6 months’ bank statements and salary slips.
- Complete Video KYC: Finish identity verification through a short video call, without visiting a branch.
- Select loan amount and tenure: Choose your preferred amount and repayment period; the EMI is shown upfront before you confirm.
- E-sign and disburse: Once approved, sign the loan agreement digitally. Funds are credited to your bank account, often within a few hours for pre-approved customers.
Also Read: 100% Paperless Personal Loan: Apply Fully Online in 10 Minutes
Axis Bank Personal Loan Processing Fees & Other Charges
Axis Bank charges a processing fee of up to 2% of the loan amount plus applicable GST. Additional charges may include prepayment/foreclosure fees and late payment penalties, which vary by loan tenure and are subject to change at the bank’s discretion.
| Charge Type | Indicative Amount |
| Processing fee | Up to 2% of loan amount + GST |
| Prepayment/foreclosure charges | Applicable as per bank policy; often restricted during the initial lock-in period |
| Late payment charges | Applicable per bank’s fee schedule |
| Loan cancellation charges | Applicable as per bank policy |
All charges are indicative and subject to change. Always confirm the current fee schedule directly with the bank or your loan provider before signing the agreement.
Also Read: What are the Consequences of Defaulting on a Personal Loan?
Axis Bank Personal Loan vs Other Banks (2026)
Among major banks, Axis Bank Personal Loan interest rates (9.99%–22% p.a.) are broadly competitive with HDFC Bank (9.99%–24% p.a.) and ICICI Bank (9.99%–16.50% p.a.), while SBI (10.00%–15.00% p.a.) tends to offer a narrower, lower-ceiling range for well-qualified applicants.
| Bank | Interest Rate (p.a.) | Processing Fee | Max Loan Amount |
| Axis Bank | 9.99% – 22.00% | Up to 2% + GST | ₹40 lakh |
| HDFC Bank | 9.99% – 24.00% | Up to 2.50% (min. ₹6,500) + GST | ₹40 lakh |
| ICICI Bank | 9.99% – 16.50% | Up to 2.25% + GST | ₹50 lakh |
| SBI | 10.00% – 15.00% | Up to 1.50% | ₹35 lakh |
| Kotak Mahindra Bank | 10.99% onwards | Up to 5% | Varies |
Rates and charges compiled from publicly listed lender data as of September 2026 and are indicative only; they change frequently and vary by individual applicant profile. This comparison is for informational purposes and is not a guarantee of the rate you will be offered by any lender.
Also Read: NBFC Personal Loan vs Bank Personal Loan: What’s The Better Choice?
| Do You Know? Unsecured personal loan growth in India has been cooling off. According to CRISIL Market Intelligence & Analytics, the share of unsecured retail personal loans in incremental credit fell to 9.7% in October 2025 from 11.0% a year earlier, with unsecured retail loan growth slowing to 9.8% year-on-year, down from 11.7% in October 2024. This slowdown is largely linked to concerns about overleveraging and the continuing impact of the RBI’s risk-weight circular on unsecured retail loans. Source: CRISIL Banking Sentimeter, January 2026 |
Pros and Cons of Axis Bank Personal Loan
Pros
- Competitive starting interest rate from 9.99% p.a.
- High maximum loan amount, up to ₹40 lakh or more for eligible profiles
- Long repayment tenure of up to 7 years, keeping EMIs manageable
- Fully digital application with fast disbursal for pre-approved customers
- No collateral or guarantor required
- Flexible part-prepayment allowance without charges for eligible loans
Cons
- Interest rates for lower-credit-score applicants can rise to around 22% p.a.
- Foreclosure and part-prepayment charges apply outside the free-prepayment window
- Processing fee of up to 2% adds to the effective cost of borrowing
- New (non-Axis) customers face a higher minimum income requirement of ₹25,000 per month
How Ruloans Helps You Get the Best Personal Loan Deal
Ruloans is a financial distribution company, partnered with 275+ banks and NBFCs across 4,000+ Indian cities. Instead of applying to Axis Bank in isolation, you can use Ruloans to compare your eligibility and indicative Axis personal loan offer against multiple partner lenders side by side, so you can choose the option with the most favourable interest rate, processing fee, and tenure for your profile. All loan approval and disbursal is carried out by the matched partner bank or NBFC; Ruloans and its Ruconnect platform do not lend funds directly.
Conclusion
Axis Bank Personal Loan is a solid option if you want a quick, collateral-free loan with a competitive starting rate and a long repayment window, but it isn’t automatically the cheapest or fastest fit for every borrower. Since your actual rate, processing fee, and approved amount all come down to your individual profile, it’s worth checking what else is on the table before you commit.
Ready to compare your options? With Ruloans, a financial distribution company partnered with 275+ banks and NBFCs across 4,000+ Indian cities, you can check your personal loan eligibility and compare offers side by side in minutes, so you apply with confidence knowing you got the best deal available to you. [Apply for a Personal Loan through Ruloans →]
Money in Minutes
- Cash from ₹5000–5 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
FAQ
1. Is Axis Bank personal loan easy to get approved?
Approval is relatively quick for salaried applicants with a stable income, a CIBIL score above 700, and minimal existing debt. Axis Bank uses a mix of digital income verification and credit bureau checks, so applicants with a clean repayment history and an existing salary account typically see faster, smoother approval than first-time or self-employed applicants.
2. How do I check my Axis Bank personal loan application status?
You can track your application by visiting the Axis Bank loan tracker page and entering your application reference number and registered mobile number, or by logging into Axis Mobile/Internet Banking if you’re an existing customer. Status updates typically show whether the application is under review, approved, or disbursed.
3. Can I get an Axis Bank personal loan without a salary slip?
It’s difficult but not always impossible. Axis Bank primarily relies on salary slips and bank statements to verify income for salaried applicants. Some digital lending partners or alternate-income-proof routes (using bank statements alone) may be considered case by case, but approval odds and loan amount are usually lower without formal salary documentation.
4. Why was my Axis Bank personal loan application rejected?
Common reasons include a low CIBIL score, high existing EMI burden relative to income (FOIR breach), unstable employment history, incomplete or mismatched documentation, multiple recent loan enquiries, or income below the bank’s minimum threshold for your applicant category.
5. Can I take more than one personal loan from Axis Bank at the same time?
Yes, it’s possible to hold multiple personal loans with Axis Bank, but each additional loan is assessed against your total repayment capacity. A high combined EMI-to-income ratio from existing loans can reduce your eligibility for a second loan or affect the amount sanctioned.
6. Does taking an Axis Bank personal loan affect my CIBIL score?
Yes. Applying triggers a hard inquiry that can cause a small, temporary dip in your score. Over time, timely EMI payments build a positive credit history and can improve your score, while missed or delayed payments will lower it and stay on your credit report for years.
7. Can NRIs apply for an Axis Bank personal loan?
Axis Bank’s standard personal loan is primarily designed for resident Indian salaried and self-employed applicants. NRIs are generally not eligible for this specific product and should check with Axis Bank directly or explore NRI-specific loan offerings, which follow different eligibility and documentation norms.
8. What happens if I miss an EMI payment on my Axis Bank personal loan?
Missing an EMI attracts penal charges on the overdue amount, a bounce charge if the payment instruction fails, and a negative mark on your credit report. Repeated defaults can lead to collection follow-ups and further damage your credit score, making future borrowing harder and costlier.
9. Is it safe to apply for an Axis Bank personal loan online?
Yes, applying through the official Axis Bank website or the Axis Mobile app is safe, as these use encrypted, RBI-regulated digital lending processes. Borrowers should be cautious of third-party links, unsolicited calls, or apps claiming to offer “instant Axis Bank loans” that ask for upfront fees, since these are common loan-scam tactics unrelated to the bank itself.
10. Can I get a top-up on my existing Axis Bank personal loan?
Existing borrowers with a good repayment track record may be eligible for a top-up loan on top of their running personal loan, subject to updated income and credit checks. This is a separate facility from a balance transfer and is typically offered to customers who have paid a portion of their EMIs on time.
