Personal Loan

Dream Bigger with Personal Loans
up to Rs. 40 Lakhs

No collateral required | Tenure from 12 months to 84 month* | Balance Transfer facility

*T&C Apply

Personal Loan

A Personal Loan can help you meet your urgent needs as well achieve your dreams. Apply for Axis Bank Personal Loans and fulfil all your requirements with ease. Whether you need money for a foreign trip, a sudden medical emergency or unexpected repairs for your house, an Axis Bank Personal Loan is the solution! Enjoy benefits such as fast processing, minimal documentation, competitive interest rates and flexible repayment options. What’s more, you can also transfer your current high-interest personal loan to Axis Bank and save on interest.

Personal Loan Details

Max Loan AmountRs. 40 Lakhs
Max Loan TenureTenure from 12 months to 84 month*
Interest RateStarting from 10.65% p.a.
Processing FeesUp to 2% of loan amount + GST
Documents RequiredNo Documents for Pre-approved Personal Loan
For Non Pre-approved - Last 3 Months Bank Statements, 2 Latest Salary Slip and KYC
How to apply for a Personal Loan online in a few simple steps?
  • Step 1

    Click here or Go to the “Apply Now” tab on the home page of Axis Bank and select Instant personal loans

  • Step 2

    Provide all the necessary details and submit basic documents (if required), for instant funds

  • Step 3

    After verification, we will sanction a loan as per your personal loan eligibility.

You may be contacted by Axis Bank officials to help you complete the process if needed. Alternatively, you can also apply via the Axis Bank mobile app. You can also visit the nearest Axis Bank branch or contact Axis Bank customer care if you require assistance with your application.

Have you applied for a Personal Loan already? Check your status here

Do’s and Don’ts when applying for a Personal Loan

A Personal Loan can help meet your need for quick funds without any security or collateral. It is an unsecured loan and can be used for any purpose. It is disbursed based on your income, employment details and credit score, among other factors.  The personal loan interest rate will vary based on the loan amount, tenure, etc. Using a Personal Loan EMI calculator you can find out the amount you will have to pay as EMI each month on the basis of the interest rate, loan amount and loan tenure you choose.

1. Check the interest rates before you apply for personal loan. Being an unsecured loan, the interest rates tend to be a bit higher than a secured loan
2. Check charges such as processing fees, pre-payment charges, etc., as these can add up to quite a bit
3. Check if the repayment conditions are flexible and if you would have to pay a penalty in case of part pre-payment or foreclosure of the loan
4. Check the time taken by the bank for approval and disbursal of the loan, and whether you will receive the funds in time to meet your requirements.
5. Check out the exact EMI amount using a personal loan EMI loan calculator
6. Check eligibility criteria such as minimum income limit, and documents required to ensure quick approval and sanction of your loan
7. Check if you are pre-approved for a personal loan for instant disbursal

1. Don’t let your loan EMI exceed 40% of your net take-home pay. This will prevent any undue financial burden on your monthly budget
2. Don’t avail of a personal loan at a higher interest rate if your credit score is too low. This will put pressure on your finances and make it tough for you to repay the loan
3. Don’t delay your repayment or default on your loan because it is an unsecured loan. This will impact your credit history negatively and pull down your credit score, which will make it difficult for you to avail of any credit in future

Personal Loans in Your City

Apply for an Axis Bank Personal Loan from anywhere, anytime and get the funds you need within minutes. You can easily apply for Personal Loan in any of the major cities in India and meet your needs effortlessly. We offer a digital journey from start to finish. Apply for the loan, get the approval and the funds credited into your account, with minimal documentation.

Personal Loan FAQs

A Personal Loan is a type of unsecured loan that helps you borrow money for personal needs like financing a wedding, making investments, going on a vacation, etc. Since it is an unsecured loan, it does not require any collateral or security and is available with minimum documentation. Once you apply for a personal loan by submitting the required documents, the bank checks your creditworthiness and offers you the loan. You must repay the loan in Equated Monthly Instalments (EMI).

A personal loan is most suited when you need funds in a hurry, since it does not require any collateral and can be availed with minimum documentation. If you have a pre-qualified personal loan then you may even get your loan instantly. You could get a personal loan for multiple reasons. Typically, banks approve personal loans based on information such as your age, income, existing liabilities, credit score, etc., and rarely on the purpose of taking a loan.

You can apply for instant loan if you need money for medical or personal purposes, wedding expenditure, home renovation, for child’s higher education, going on a vacation, debt consolidation or even for improving your credit score.

At Axis Bank, you can get a maximum Personal Loan amount of ₹40 lakh for a tenure of up to 60 months. The loan is offered based on the factors like your eligibility, income and repayment capacity. Check the personal loan eligibility criteria and other details before applying.

Being an unsecured loan, you can avail Axis Bank Personal Loan without collateral or security.

You can apply for personal loan at Axis Bank in the following three ways:
  • Apply for Personal Loan Online, click here to apply now.
  • Visit Axis Bank Loan Centre, locate your nearest branch.
  • Contact our Call Centre, click here for details.
At Axis Bank, the decision to approve your personal loan application shall be conveyed within 4 working days from the submission date of the complete application and required documents.
There are several advantages when you online apply for personal loan.
  • Get Instant Personal Loan without documents
  • Easy loan application process
  • Fast loan approval
  • Apply at your convenience
Your CIBIL score shows creditworthiness and loan repayment ability. Since a personal loan is an unsecured loan without any security, the borrower depends mainly on the CIBIL score that indicates reassurance of timely loan repayment. Hence, a good CIBIL score is vital to obtaining a personal loan.
No, there are no tax benefits when availing a personal loan
At Axis Bank, we offer a flexible personal loan tenure ranging from 12 months to 84 month*. Click here for more details.
To begin with, at the time of loan application, always use personal loan EMI calculator to know your estimated monthly instalments. Accordingly, prepare a monthly budget for smooth loan repayment. Besides, you can reduce your personal loan tenure when your income increases by paying extra towards the debt.
A personal loan for your personal goals.Apply Now

A personal loan for
your personal goals