The Axis Bank is the third largest private Bank in India. Its headquarters are based in Mumbai. Axis Bank has achieved a reputation for being the most customer friendly Bank.

Founded in 1993 as the UTI Bank its first branch was inaugurated by Dr Manmohan the Finance Minister of India in 1994 at Ahmadabad. The Bank was promoted jointly by the Administrator of the Unit Trust of India (UTI) , Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company.

The Axis Bank took shape after its merger & amalgamation with the Global Trust Bank. In 2004 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce.

Today the bank has 2,959 branches, 12,743 ATMs and nine international offices. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporate, MSME, Agriculture and Retail Businesses.

‘Deepika Padukone’, a Bollywood actress is the brand ambassador of Axis Bank


To make a foray into the Personal Loan arena, this was the complete stronghold of stalwarts like HDFC Bank & ICICI Bank. So the Management from Axis Bank hired Strong & Experienced team which has devised an Unrivalled Product.

Never before features have been introduced like 0% Pre closure Part Payment clause, which allows the Applicant to close the loan at any time during the tenure without paying any extra charge.

This special feature gives the customer the freedom to pay back the funds appended as per his own choice & thus close his loan whenever he has the funds, even after a single EMI has been deducted.

Most importance has been given to make the Personal loan from Axis Bank, Individually tailored & streamlined as per customer needs.

Prominent Features Axis Bank Personal Loan

  • Pay any amount at any time towards your Personal Loan account, the part payment amount will be adjusted towards the principal loan amount.
  • Pre close your Personal loan at any time during the tenure of the Loan without paying any extra charges.
  • Axis Bank Salary account holders have special processing benefits.
  • Applicants can also enjoy a speedy, seamless and transparent process with hassle-free documentation.
  • Axis Bank Company category list has encompassed more organisations than other banks in competition.
  • Special Schemes for Government employees & police department.
  • Check your Personal loan account as per your convenience & make Online Payments.

Personal loan eligibility for Salaried Employees

  • Loans are available from Rs 50,000/- to Rs 15,00,000/-
  • Repayment tenures from 12 to 60 months.
  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 60 years
  • Minimum Net Monthly Income: Rs 15,000
  • Maximum loan available: Rs 15 lacs.
  • CIBIL Score of 720 points is mandatory for Applicants with Salary Accounts in External Banks. Axis Bank account holders are eligible to apply without a CIBIL.

Documents Required for Personal Loan

  • Application form
  • Photograph
  • Age proof
  • Income proof
  • Bank statement
  • Residence proof
  • Signature verification proof

Post Sanction / Pre Disbursement Documentation

  • Loan Agreement duly signed
  • Standing Instruction (SI) Request / ECS Form / Post Date Cheques (PDCs). Security Cheques required for SI and ECS

Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers Documentary proofs required may vary from customer to customer

Interest Rates & Charges

The Rate of Interest applicable for your Personal Loan from Axis Bank is purely governed by the company, with which the Applicant is employed.

The Bank has issued an exhaustive Company list based on Company’s Finances, turnover, previous performance & future projections.

The Rate of Interest ranges from 15.5% to 24% @ monthly reducing balance for the Company Categorization is as follows;

  • Super A
  • Cat A
  • Cat B
  • Cat C
  • Cat D

Please note details of other charges:

Rate of Interest15.50% to 24%
Loan Processing Charges1.50% to 2.00% + Service Tax as applicable
Cheque Bounce ChargesRs. 500 per cheque bounce + Service Tax as applicable
Cheque/ Instrument Swap chargesRs.500 per instance + Service Tax as applicable
Prepayment/ Foreclosure ChargesNil
Default Interest Rate@24.00% per annum i.e 2% per month on the overdue installment
Duplicate Statement Issuance ChargesRs 250 per instance + Service Tax as applicable
Duplicate Amortization Schedule ChargesRs 250 per instance + Service Tax as applicable
Duplicate Interest Certificate
(Provisional/ Actual) issuance ChargesRs 250 per instance + Service Tax as applicable
Cibil Report Issuance Charges
Stamp Duty ChargesRs. 50/- per instance per set+ service tax as applicable
As per State Stamp Act
Issuance Charges for Photocopy of Loan Agreement/ DocumentsRs 250 per instance + Service Tax as applicable
*(Subject to change as per Bank’s discretion from time to time)
* Service Tax as applicable will be levied

Discounted rates are applicable for –

  • Axis Bank Salary Account holders.
  • Applicants with Salary Above 50k per month.
  • Disbursals of Loan Amounts more than 10 lacs.
  • Applicants employed with Companies included in the LEAP Offer list.
  • Balance Transfer of Personal Loan from an external Bank to Axis Bank.