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Personal Loan

Rs 10 Lakh Personal Loan

No collateral required | Tenure up to 84 months |
Balance Transfer facility


10 lakh Personal Loan

In an era where financial flexibility is more important than ever, Personal Loans are a relief for those in immediate need of funds. There could be several reasons why you might need to take a loan. The good part is you can easily avail a loan of Rs 10 lakh from Axis Bank with minimum to no documentation and a good credit score. 



10 Lakh Personal Loan EMI for 1 Year

Let us calculate 10 lakh personal loan EMI from Axis Bank with the below details

Loan Amount (₹) 10,00,000
Interest Rate (p.a.) 10.75% - 22%

*considering 11% interest in the below scenarios.

EMI for 10 lakh personal loan for 1 year will be:

Equated Monthly Instalments (EMI in ₹)88,382
Principal Amount (₹)10,00,000
Interest Amount (₹)60,580
Total Amount Payable (₹)10,60,580

10 Lakh Personal Loan EMI for 3 Years

If you plan to apply for a 10 lakh personal loan for 3 years, your EMI break-up would be:

Equated Monthly Instalments (EMI in ₹)32,739
Principal Amount (₹)10,00,000
Interest Amount (₹)1,78,594
Total Amount Payable (₹)11,78,594

10 Lakh Personal Loan EMI for 5 Years

EMI for 10 lakh personal loan for 5 years will be:

Equated Monthly Instalments (EMI in ₹)21,742
Principal Amount (₹)10,00,000
Interest Amount (₹)3,04,545
Total Amount Payable (₹)13,04,545

To know 10 lakh personal loan EMI for 5 years, use a calculator.



How to apply for a Rs 10 lakh Personal Loan online at Axis Bank? 

  • To start your Rs 10,00,000 loan application, click on this link
  • Enter your mobile number, PAN card and Date of Birth.
  • Verify your mobile with OTP.
  • Upload six-month bank statements and salary slips or verify income online
  • Complete eKYC and Video KYC.
  • Authenticate AADHAAR with OTP.
  • Provide employment and education details.
  • Choose loan amount and tenure. You will be able to see the details of 10 lakh Personal Loan EMI. Now,  click on  "avail now".
  • Once your Rs 10 lakh loan is approved, your funds will be disbursed within a few hours.


Eligibility Criteria to get Personal Loan of Rs 10 lakh 

For a Rs 10 lakh Personal Loan from Axis Bank, the eligibility criteria are as follows:

  • The applicant should be within the age range of 21 to 60 years.
  • A minimum monthly income of Rs 15,000 is mandatory for existing Axis-Bank customers and Rs 25,000 for non-Axis Bank customers
  • This loan option is exclusively available to individuals who are salaried employees
  • A minimum CIBIL score of 720-750 is helpful to qualify.


Documents Required for Personal Loan up to Rs 10 lakh

  • Bank statements from the last three months.
  • The three most recent payslips alongside the latest Form 16.
  • One of the following KYC documents is needed:

  • Passport
  • Driving Licence
  • PAN Card


Documents for Salaried Individuals

  • Proof of employment: This could be an offer letter from your job, an employee ID, or a salary slip.


Rs 10 lakh Personal Loan Fees & Charges 

Fees and Charges to avail a loan for Rs 10,00,000

Type of Charges Charges
Repayment instruction / Instrument return chargesRs 339/- per instance of dishonour 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 instalment.
Duplicate statement issuance chargesRs 250/- per instance per set + GST as applicable.
Duplicate Amortisation schedule issuance chargesRs 250/- per instance per set + GST as applicable.
Credit Information Companies (CICs) Report Issuance ChargesRs 50/- per instance per set + GST as applicable.
No Dues Certificate generation charges (Duplicate)Rs50 per instance per set + GST as applicable.
Stamp Duty ChargesAs per State Stamp Act
Part Payment / Pre-Payment Charges5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3%
Processing fee chargesup to 2% of the loan amount + GST as applicable


Frequently Asked Questions

At Axis Bank, we understand the urgency of your financial needs. The processing time for a Personal Loan of Rs 10 lakh can range from a few hours to a couple of days after you submit all the required documentation. 

Yes, you can! Axis Bank offers unsecured Personal Loans, which means you don't need to provide any collateral to avail a loan of Rs 10 lakh. Your eligibility for the loan will be determined based on your creditworthiness, which includes factors like your credit score, income, employment stability, and repayment history.

For an Rs 10 lakh Personal Loan from Axis Bank, a good credit score of between 720 and 750 or higher is recommended to enhance your chances of approval at competitive interest rates. A higher credit score signifies better credit behaviour and financial discipline, making you a low-risk borrower in the eyes of the bank.

While Axis Bank aims to simplify the loan application process, submitting certain key documents is essential for the approval of your Rs 10 lakh Personal Loan. These documents are identity proof, address proof, income proof, and bank statements. These documents help us assess your loan application accurately and make an informed lending decision. But if you have a pre-qualified loan offer, you can apply without any documents, subject to conditions.

Securing a Rs 10 lakh Personal Loan without income proof is challenging since income documents are vital for evaluating your application. However, a strong banking relationship, excellent credit score, or other positive factors might enable us to consider your application differently. One can verify income online or upload income documents during the safe and secure online journey.



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A personal loan for
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