Axis Bank Personal Loan Interest Rate – Numerous factors decide the best personal loan. One of them is interest rates. Other aspects to consider are processing fees, a simple approval process, speedy disbursements, and so forth. You may achieve all of your objectives with ease if you take out a Personal Loan from Axis Bank. Whether it’s the ideal wedding for you or your child, a completely renovated home, or an enjoyable vacation. Get a personal loan starting at Rs. 50,000 and ranging up to Rs. 40 lakh with less paperwork and competitive interest rates.
To ensure that your decision is well-informed, read the details of the appropriate personal loan interest rates and fees below. These are subject to change depending on the length of your loan and also show any ancillary fees that might be assessed if your payment terms change.
These include fees assessed in addition to the bank loan interest rates as a result of differences in the payment or non-payment of dues, as well as fees for paying off your loan partially (beyond the specified EMI) or completely before its duration is up. To get the most of your loan, be careful to take into account the interest rates and fees relative to the amount. You can use the Personal Loan EMI Calculator for more calculation help.
Interest rates for Personal Loans with tenures of up to 36 months.
| Fixed Rate Loan | 1 Yr MCLR | Spread over 1 year MCLR | Effective ROI | Reset |
|---|---|---|---|---|
| Personal Loan | 8.45% | 4.65%-13.65% | 12% to 21% | No Reset |
Personal Loan Charges [Axis Bank Personal Loan Interest Rate]
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**
| Repayment instruction / Instrument return charges | Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
|---|---|
| Swap charges (Cheque/Instrument) | Rs.500/- per instance + GST as applicable |
| Penal Interest | @ 24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate statement issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Duplicate Amortization schedule issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Credit Information Companies (CICs) Report Issuance Charges | Rs. 50/- per instance per set + GST as applicable. |
| No Dues Certificate generation charges (Duplicate) | Rs.50 per instance per set + GST as applicable. |
| Stamp Duty Charges | As per State Stamp Act |
| Part Payment / Pre-Payment Charges | 5% + GST (As applicable) *Pre payment charges shall be charged on principal outstanding. *Part payment charges shall be charged on the amount of part payment. |
**(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) [Axis Bank Personal Loan Interest Rate]
Interest rate and schedule of charges for personal loans with tenure more than 36 months
| Rate of Interest | 12% to 21% |
|---|---|
| Repayment instruction / Instrument return charges | Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (Cheque/Instrument) | Rs.500/- per instance + GST as applicable |
| Penal Interest | @ 24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate statement issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Duplicate Amortization schedule issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Credit Information Companies (CICs) Report Issuance Charges | Rs. 50/- per instance per set + GST as applicable. |
| No Dues Certificate generation charges (Duplicate) | Rs.50 per instance per set + GST as applicable. |
| Stamp Duty Charges | As per State Stamp Act |
| Part Payment / Pre-Payment Charges | 5% + GST (As applicable) *Pre payment charges shall be charged on principal outstanding. *Part payment charges shall be charged on the amount of part payment. |
**(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) [Axis Bank Personal Loan Interest Rate]
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