|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
**(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)