A Personal Loan from Axis Bank ensures that you need not go back on the targets that you have set for yourself, be it the perfect wedding for your child, the complete renovation of your home or a fun-filled holiday for your family. Avail a Personal Loan starting from Rs. 50,000 up to Rs. 15,00,000 with minimal documentation and attractive interest rates. Here are the interest rates for Personal Loans with tenures of up to 36 months.
| Fixed Rate Loan |
1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
| Personal Loan |
8.90% |
7.10%-15.10% |
16%-24% |
No Reset |
Personal Loan Charges
Looking for a Personal Loan online? Axis Bank offers the most attractive interest rates and charges on Personal Loans. Refer the table below to know more.
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 instalment |
Duplicate Statement Issuance Charges
Duplicate Amortization Schedule Charges
Duplicate Interest Certificate (Provisional/ Actual) Issuance Charges
Duplicate NOC Issuance Charges
|
Rs. 250 per instance + GST as applicable
Rs. 250 per instance + GST as applicable
Rs. 250 per instance + GST as applicable
Rs 500 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 personal 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 |
| Rs. 500 per cheque bounce + GST as applicable |
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
