No need to keep pushing your family holiday plans. You can enjoy a family vacation with Axis Bank Personal Loans and get attractive interest rates starting at 12%. Axis Bank provides the most competitive interest rates and charges that are transparent and have no hidden costs attached to them. To process your Personal Loan application, you will be charged a nominal processing fee. Here is a list of Axis Bank Personal Loan interest rates and charges.
INTEREST RATE AND SCHEDULE OF CHARGES FOR LOANS WITH TENURE UPTO 36 MONTHS
| Fixed Rate Loan |
1 year MCLR |
Spread over 1 year MCLR |
Effective ROI |
Reset |
| Personal Loan |
7.35% |
4.65%-13.65% |
12%-21% |
No Reset |
Schedule of charges**
| Repayment instruction / Instrument return charges |
Rs.500/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + 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. |
| Re-Issuance of photocopy of loan agreement/documents |
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. |
| Duplicate NOC |
Rs. 500/- per instance per set + GST as applicable. |
| Stamp Duty Charges |
As per State Stamp Act |
| Foreclosure/ Part Prepayment Charges |
Foreclosure charged on loan oustanding, pre-payment charged on amount of part payment
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for greater than 36 months |
**(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)
INTEREST RATE AND SCHEDULE OF CHARGES FOR LOANS WITH TENURE MORE THAN 36 MONTHS
| Rate of Interest |
12% to 24% |
| Repayment instruction / Instrument return charges |
Rs.500/- 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. |
| Re-Issuance of photocopy of loan agreement/documents |
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. |
| Duplicate NOC |
Rs. 500/- per instance per set + GST as applicable. |
| Stamp Duty Charges |
As per State Stamp Act |
| Foreclosure/ Part Prepayment Charges |
Foreclosure charged on loan oustanding, pre-payment charged on amount of part payment
5% for 0 to 12 months
4% for 13 to 24 months
3% for 25 to 36 months
2% for greater than 36 months |
**(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)
