Loan Category

Personal Loan



Up to 84 Months

  • Personal Loans up to Rs. 40 Lakhs
  • Low interest starting @ 10.99% p.a.
  • Online, Paperless Process
  • Quick Approval in 30 seconds
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Apply for Personal Loan

Personal Loan

Opt for an Axis Bank Personal Loan to effortlessly meet your various requirements. Whether the funds are required for travel, sudden medical expenses, or unforeseen home repairs, an Axis Bank Personal Loan is the ideal solution! Benefit from features like fast processing, zero paperwork, attractive interest rates and adaptable repayment plans. Furthermore, you have the option to transfer your existing high-interest Personal Loan to Axis Bank and pay a lower EMI that suits your pocket better.

Take the first step towards availing instant funds by applying for a Personal Loan offered by Axis Bank today!

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Personal Loan Details

Max Loan AmountRs. 40 Lakhs
Max Loan TenureTenure from 12 months to 84 months*
Interest RateStarting from 10.99% p.a.
Processing FeesUp to 2% of loan amount + GST

Personal Loan Features

  • No Collateral Required

  • Simple, Easy Online Process

  • Low Interest Rates

  • Transparent Terms

  • Flexible Tenure

Eligibility & Documents

Personal Loan Eligibility

  • Salaried Employees
    • Salaried doctors
    • Employees of public and private limited companies
    • Government sector employees including Public Sector Undertaking, Central and Local bodies
  • Minimum age of 21 years
  • Maximum age of 60 years at the time of maturity of the Personal Loan
  • Minimum net monthly income - Rs. 15,000 for Axis Bank customers and Rs. 25,000 for non Axis Bank customers

Documents required for Personal Loan

  • Last 3 Months Bank Statements
  • 3 latest Salary Slips with the latest Form 16
  • KYC documents: (any one from the list mentioned below)
    • Passport
    • Driving license
    • PAN Card
    • Aadhaar Card with date of birth
    • Voters Id

View Personal Loan Eligibility and Documents Required

Personal Loan EMI Calculator

50K 40L
10.99% 22%
12 84

Break-up of Total Payment

Principal Amt
Interest Amt
Total Amt Payable

How to apply for a Personal Loan online?

  • Visit the Personal Loan section and click on the 'Apply Now' button
  • Provide your personal details such as mobile number and either Date of Birth or PAN
  • Key in the OTP that you receive on your mobile number
  • Give the consent for sharing your details for the purpose of verification of your documents
  • Keep your last six months bank statements and salary slips ready for uploading
  • Complete the eKYC and Video KYC process for your loan application to be complete

Types of Personal Loan

MCLR Rates

Fixed Rate Loan1 Yr MCLRSpread over 1 year MCLREffective ROIReset
Personal Loan9.30%1.69 % to 12.70 %10.99% to 22%No Reset

View Personal Loan Interest Rates

Personal Loan FAQs

Personal loans are lump-sum amounts lent by banks or lenders for personal use. You repay with interest over a fixed period through EMIs.

Consider a personal loan for immediate financial needs like home renovations, an unexpected trip, education expenses, or debt consolidation.

Personal Loans can be used for various purposes such as medical emergencies, weddings, travel expenses, or even debt consolidation.

The maximum loan amount varies from bank to bank and is based on individual eligibility, income, credit score, and lender policies. Axis Bank offers Personal Loans up to a maximum of Rs 40 lakh, if you have an existing relationship with Axis bank and Rs. 25 lakh, if you don’t have an existing relationship with the Bank.

Axis Bank offers unsecured personal loans, which does not require collateral or assets.

Apply online or visit a branch, submit the required documents or complete the 100% digital journey online, and get quick approval.

Online loan applications may receive approval within minutes to a few hours, while traditional applications might take a few days.

Online applications offer convenience, faster processing, easy comparison, and minimal documentation.

A good credit score reflects creditworthiness, improving the chances of loan approval and favourable terms.

Personal loans don't typically offer tax benefits, unlike home loans which have certain exemptions.

Axis Bank offers Personal Loan for a maximum tenure of 5 years. The tenure will also depend on the loan amount.

Repayments are made through Equated Monthly Installments (EMIs) comprising principal and interest.

Commonly required documents include identity proof, address proof, income proof, and bank statements. These include Aadhaar, PAN, Voter ID, salary slips for salaried individuals and bank statements for non-salaried individuals and tax returns. One can also verify income online as well as verify KYC online via 100% digital process.

Approval times vary but can range from a few minutes for online applications to a few days for traditional ones.

A Personal loan can be used for any purpose such as a medical emergency, wedding, travel, educational purpose, home renovation, etc. Business loans are specifically meant for business purposes and involve different eligibility criteria and terms.

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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.