Axis Bank Personal loan

Axis Bank Personal loan.

Axis Bank Personal Loans offer faster processing of your loan. Personal loans can be used for many purposes. They can be utilized when you are planning a vacation, renovating your home or organizing a lavish wedding for yourself or someone special in the family. No need to change things in your bucket list now. You can get personal loan from Rs.1000. Up to Rs 50,000.40,00,000 with minimal documentation and expedited approval from Axis Bank.

Additionally, you can transfer your current high interest rate personal loan to Axis Bank. With the quick approval of personal loans, make your dreams come true

Personal Loan Features :

One must be at least 21 years of age and have a valid set of documents such as ID, Income and Proof of Residence along with other documents to avail personal loan from Axis Bank.

To ease the burden of immediate payment of your personal loan, you can opt for the EMI (Equity Monthly Installment) facility. The repayment period can range from 12 to 60 months. If you are an Axis Bank customer, you can get great rates for personal loans.

You have a personal loan calculator to find out how much you can pay each month. You can choose your term for the selected period and the amount convenient for you to repay each month. With a personal loan EMI calculator, you can calculate compound interest and know exactly how much to pay in the end – including interest.

General Details for Creating Axis Bank Personal Loan.

  • Accurately filled application form
  • KYC Documents (Address Proof and Identity Document)
  • Proof of Income (Latest 2 Salary Slips)
  • Last 3 months bank statemen
  • The loan agreement was signed with the duly filled and standing
  • Recommendation (SI) Request / Electronic Clearing Service (ECS) Forms

Axis Bank Personal Loan Interest Rate.

Rate of Interest 12% to 21%
Refund Instruction / Instrument Return Charges Applicable Check / SI / ECS / NACH Debit Instruction Rs. 339 / – per case of GST defamation
Swap charges (check / device) GST of Rs.500 / – per applicable case
Penalty interest % 24% per annum i.e. 2% per month overdue.
Duplicate statement issue charges The applicable set GST is Rs. 250 / – per case.
Duplicate Amortization Schedule Issue Charges The applicable set GST is Rs. 250 / – per case.
Credit Information Companies (CIC) Report Issues Charges Rs. 50/- per instance per set + GST as applicable.
No Debt Certificate Generation Charges (Duplicate) The applicable set GST is Rs.50 per event.
Stamp duty charges According to the State Stamp Act
Foreclosure charges Foreclosure charges on loan arrears

5% for 0 to 12 months

4% for 13 to 24 months

3% for 25 to 36 months

2% over 36 months

Procedure for Registering Axis Personal Loan Online portal.

  • Visit Axis Bank Official Website
  • Click on ‘Login’ and select the ‘Register’ link listed under Internet Banking.
  • Enter your ‘Login ID’. (Your customer ID becomes your login ID. This is indicated in the welcome letter and check book.)
  • Please keep your customer ID, account number, debit card and registered mobile number before proceeding.
  • Enter registered mobile number, your customer ID, number and account number and then click ‘Proceed’.
  • Enter your 16 digit debit card number, ATM PIN and expiration date. Under Card Currency, select the Indian Rupee – INR option. Accept the terms and conditions and ‘Proceed’.
  • With the rules in mind, enter the login password of your choice and re-enter it to confirm the password. You will receive an OTP at your registered mobile number. Enter the OTP and ‘Submit’.
  • This completes the Axis Bank Internet Banking Registration Process. Now you can login to Axis Online Banking Portal with your login ID and password.