| Fixed Rate Loan | 1 Yr MCLR | Spread over 1 year MCLR | Effective ROI | Reset |
|---|
| Personal Loan | 7.35% | 4.65%-13.65% | 12% to 21% | No Reset |
|---|
Personal Loan Charges
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 |
|---|
| 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)
