Axis Finance Personal Loan
Axis Finance Personal are designed to help you meet your financial requirements, whether it’s for an uninvited medical emergency, a family vacation, school fees, or a home makeover. Our easy online personal loan application process makes it simple to get a loan of up to ₹50 lakhs, with easy and flexible repayment options of up to 7 years. Let us take the stress out of your financial worries.
Axis Finance Interest Rates, Fees & Charges
| Amount | Up to ₹40 lakh | |
| Interest Rates | Starting from 11.10% per annum | |
| Tenure | 6 months to 5 years | |
| Processing Fees | Up to 2% of the loan amount + GST | |
Fees and Charges
| Charge Type | Amount |
|---|---|
| Repayment Instruction/Instrument Return | ₹339 per instance of dishonor of cheque/SI/ECS/NACH debit instruction + GST as applicable |
| Swap Charges (Cheque/Instrument) | ₹500 per instance + GST as applicable |
| Penal Charges | Financial Default: 8% per annum above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance). No capitalization of Penal Charges. |
| Duplicate Statement Issuance | ₹250 per instance per set + GST as applicable |
| Duplicate Amortization Schedule Issuance | ₹250 per instance per set + GST as applicable |
| Credit Information Companies (CICs) Report | ₹50 per instance per set + GST as applicable |
| No Dues Certificate Generation (Duplicate) | ₹50 per instance per set + GST as applicable |
| Stamp Duty Charges | As per State Stamp Act |
| Part Payment / Foreclosure Charges | EMIs paid ≤36: 3% + GST on principal outstanding - EMIs paid >36: 2% + GST on principal outstanding |
| Loan Cancellation Charges | 0-3 days: Interest till the date of cancellation; Processing Fee, Stamp duty, other statutory charges (if applicable) and GST would not be waived/refunded in case of loan cancellation. - >3 days: Considered as foreclosure. |
Axis Finance Personal Loan Eligibility
- Age
- You should be between 21 to 58 years old.
- Employment
- Salaried Individuals working in private or public companies.
- Self-employed Professionals like doctors, lawyers, or business owners.
- Income
- A minimum monthly income is required. Usually, it should be around ₹15,000 or more.
- Work Experience
- For salaried people, at least 6 months to 1 year of work experience.
- For self-employed people, at least 2 years of business continuity.
- Credit Score
- A good credit score (generally 750 or above) increases your chances of getting the loan.
- Location
- You should reside in a city or town where Axis Finance provides its services.
Documents Required For Axis Personal Loan
To apply for a personal loan from Axis Finance, you will need to submit the following documents:
| Category | Documents Required |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License |
| Address Proof | Aadhaar Card, Passport, Voter ID, Utility Bill, or Rent Agreement |
| Income Proof (Salaried) | Latest 3 months’ Salary Slips, Form 16, and Bank Statements |
| Income Proof (Self-employed) | ITR (Income Tax Returns) for the last 2 years, Bank Statements, and Business Proof (GST Certificate, Shop License) |
| Photographs | Recent passport-size photographs |
| Additional Documents | Duly filled loan application form and any other documents requested by Axis Finance |
Types of Loans Offered by Axis Finance
Axis Finance offers various loan options to meet your financial needs. Here’s a detailed look at them:
- Personal Loan
- Best for personal expenses like weddings, vacations, medical emergencies, or home renovations.
- No need to provide any collateral or security.
- Flexible repayment options with competitive interest rates.
- Business Loan
- Ideal for business expansion, purchasing equipment, or managing day-to-day expenses.
- Designed for small and medium-sized enterprises (SMEs).
- Quick disbursal with minimal documentation.
- Can be used for inventory management, marketing, or working capital.
- Education Loan
- Purpose:To cover education fees, books, or other study-related expenses.
- Use:Supports your or your family’s educational goals.
- Loan Against Property (LAP)
- A secured loan where you can use your residential or commercial property as collateral.
- Suitable for funding business expansions, higher education, or medical expenses.
- Offers higher loan amounts with longer repayment tenures.
- Gold Loan
- Get instant funds by pledging your gold jewelry.
- No need to sell your gold; you get it back once the loan is repaid.
- Low-interest rates compared to other personal loans.
- Ideal for urgent financial needs.
- Home Loan
- Designed for buying your dream home, constructing a house, or renovating your existing home.
- Offers long repayment tenures, making it easier to manage finances.
- You can also transfer your existing home loan to Axis Finance for better interest rates.
- Construction Finance and Developer Loan
- Specially designed for real estate developers and builders.
- Provides funding for construction projects or property development.
- Customized loan structures based on project requirements.
Key Features of Axis Finance Personal Loan
Axis Finance Personal Loan comes with many useful features to help you manage your financial needs easily. Here are the main features:
Loan Amount: You can get a loan amount of up to ₹15 lakh, depending on your income and repayment capacity.
Flexible Tenure: You can repay the loan over a period of 12 to 60 months (1 to 5 years), making it easy to manage your finances.
Competitive Interest Rates: Axis Finance offers affordable interest rates, ensuring your EMIs remain budget-friendly.
No Collateral Required: This is an unsecured loan, meaning you don’t need to provide any property or asset as security.
Quick Approval and Disbursal: With a simple application process, your loan can be approved and the money transferred to your account within a few hours.
Minimal Documentation: Only basic documents like your ID proof, address proof, income proof, and bank statements are required.
Flexible Repayment Options: Choose an EMI plan that suits your financial situation, with easy monthly payments.
Why Apply for Axis Finance Personal Loan at BigMudra.com?
BigMudra.com makes it easy for you to apply for an Axis Finance Personal Loan. Here’s why it’s a great choice:
Quick and Easy Process: You can apply for a loan online in just a few minutes. No need to visit a branch.
Compare and Choose: BigMudra.com helps you compare different loan options, interest rates, and offers to find the best deal.
Instant Eligibility Check: You can check your loan eligibility instantly by providing a few basic details.
Free Expert Assistance: Get free guidance from financial experts who will help you understand loan terms and select the right plan.
Transparent Process: No hidden charges. All fees and terms are clearly explained upfront.
24/7 Customer Support: Get assistance anytime if you have questions or need help with your loan application.
How to Apply for Axis Finance Personal Loan
Axis Finance offers instant personal loans to its pre-approved existing customers based on their credit profile. If you are an existing customer, you can visit BigMudra.com to check your eligibility for an Axis Finance pre-approved personal loan and apply easily.
Axis Finance Personal Loan Customer Care Number
Helpline Number: 1800 419 0094 (Toll-free and accessible across India), Or you can directly email them at customer.support@axisfinance.in
FAQs for Axis Finance Personal Loan
What is the interest rate for Axis Finance Personal Loan?
Axis Finance offers competitive interest rates starting from around 11% per annum. The actual rate depends on your credit score and loan amount.What is the customer care number for Axis Finance Personal Loan?
You can contact Axis Finance at 1800 103 5577 or email them at contactus@axisfinance.in for any queries.What is the eligibility for an Axis Finance Personal Loan?
You should be a salaried or self-employed individual, aged between 21 to 58 years, with a stable income and a good credit score.Who is eligible for an Axis Bank Personal Loan?
Salaried employees working in private, public, or government sectors and self-employed individuals with a consistent income can apply.What is the minimum salary for an Axis Bank Personal Loan?
The minimum salary required is typically around ₹15,000 to ₹25,000 per month, depending on the city you reside in.What CIBIL score is needed for an Axis Bank Personal Loan?
A CIBIL score of 750 or above increases your chances of loan approval at better interest rates.
