No need to keep pushing your family holiday plans. You can enjoy a family vacation with Axis Bank Personal Loans and get attractive interest rates starting at 15.5%. Axis Bank provides the most competitive interest rates and charges that are transparent and have no hidden costs attached to them. To process your Personal Loan application, you will be charged a nominal processing fee. Here is a list of Axis Bank Personal Loan interest rates and charges.
INTEREST RATE AND SCHEDULE OF CHARGES FOR LOANS WITH TENURE UPTO 36 MONTHS
| Fixed Rate Loan |
1 year MCLR |
Spread over 1 year MCLR |
Effective Interest rate |
Reset |
| Personal Loan |
8.90% |
7.10%-15.10% |
16%-24% |
No Reset |
Schedule of charges**
| Loan Processing Charges |
1.50% to 2.00% + GST as applicable |
| Cheque Bounce Charges |
Rs. 500 per cheque bounce + GST as applicable |
| Cheque/ Instrument Swap charges |
Rs.500 per instance + GST as applicable
|
| Prepayment/ Foreclosure Charges |
Nil |
| Penal Interest |
@24.00% per annum i.e 2% per month on the overdue installment |
Duplicate Statement Issuance Charges
Duplicate Amortization Schedule Charges
Duplicate Interest Certificate (Provisional/ Actual) issuance Charges |
Rs 250 per instance + GST as applicable
Rs 250 per instance + GST as applicable
Rs 250 per instance + GST as applicable |
Cibil Report Issuance Charges
Stamp Duty Charges |
Rs. 50/- per instance per set+ GST as applicable
As per State Stamp Act |
| Issuance Charges for Photocopy of Loan Agreement/ Documents |
Rs 250 per instance + GST as applicable |
**(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
INTEREST RATE AND SCHEDULE OF CHARGES FOR LOANS WITH TENURE MORE THAN 36 MONTHS
| Rate of Interest |
15.75% to 24% |
| Loan Processing Charges |
1.50% to 2.00% + GST as applicable |
| Cheque Bounce Charges |
Rs. 500 per cheque bounce + GST as applicable |
| Cheque/ Instrument Swap charges |
Rs.500 per instance + GST as applicable
|
| Prepayment/ Foreclosure Charges |
Nil |
| Penal Interest |
@24.00% per annum i.e 2% per month on the overdue installment |
Duplicate Statement Issuance Charges
Duplicate Amortization Schedule Charges
Duplicate Interest Certificate (Provisional/ Actual) issuance Charges |
Rs 250 per instance + GST as applicable
Rs 250 per instance + GST as applicable
Rs 250 per instance + GST as applicable |
Cibil Report Issuance Charges
Stamp Duty Charges |
Rs. 50/- per instance per set+ GST as applicable
As per State Stamp Act |
| Issuance Charges for Photocopy of Loan Agreement/ Documents |
Rs 250 per instance + GST as applicable |
**(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
