Consolidation Loans from Axis Bank

Different loans for different people

Considered to be the third-largest bank in India, Axis Bank offers a range of financial products to different segments of its customer base. The bank offers you a range of loans that are specifically suited for your different needs.

Axis Bank Consolidation Loans

An Axis Bank consolidation loan helps customers pay off all their debts and consolidate them into one to repay them easily by choosing favourable terms. Consolidation loans can be divided into two categories: unsecured loans like personal loans and secured loans like loans against property, gold, term deposits, or securities.

Top-up loans and balance of transfer loans can also be considered suitable for debt consolidation if they are used to repay/consolidate relatively high-interest debts.

Consolidation loans make the lives of borrowers easier since the latter only have to think of making one repayment per month instead of worrying about making multiple repayments all through the month. The overall debt burden may also reduce since consolidation loans are usually chosen by comparing interest rates and repayment periods.

Please note that other than mortgage loan and overdraft facility, Axis Bank does not label a specific loan as a consolidation loan or even mention it as a purpose for the loan product. However, many other loan schemes can be used for the purpose of consolidating debts even if they are not directly labelled so. Here are some of the loan schemes offered by Axis Bank that you can avail as a consolidation loan:


  1. Personal Loan
  2. Gold Loan
  3. Loan Against Car
  4. Balance Transfer and Top-Up Car Loan
  5. Loan Against Securities
  6. Loan Against Fixed Deposit
  7. Loan Against Property
  8. Overdraft Facility Against Property
  9. Lease Rental Discounting Scheme
  10. Reverse Mortgage Loan
  11. Top-up Home Loan

We give you a brief introduction to each of these consolidation loans below. In addition, you have the option to click further and read in detail about each loan (the link takes you to another page on our website). This specific page has been specifically designed so that you can get all the information you need on that loan in an uncluttered and easy-to-read format.

Axis Bank Personal Loan

This loan helps borrowers to get funds to meet their urgent financial needs including child’s wedding expenses, domestic/foreign travel expenses, medical emergency, child’s education expenses, etc. Salaried employees of government organisations, public sector units, private sector companies and institutions, etc. are eligible for this loan.

Features of Axis Bank Personal Loan

Why this Loan?


  • The Axis Bank Personal Loan is meant for permanent/salaried employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies who need financial assistance to meet their urgent personal needs
  • This personal loan can also be availed as a consolidation loan to pay off their high-interest credit card debts and loans
  • This is a collateral-free loan

Axis Bank Personal Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This loan can be used to meet any personal financial needs as well as to consolidate high-interest debts. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 25 lakh.

Features of Axis Bank Gold Loan

Why this Loan?

  • The Axis Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery and coins to meet their financial needs
  • This loan scheme can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans
  • There are no pre-payment charges for this loan

Axis Bank Loan Against Car

This loan helps Axis Bank Auto Loan borrowers to get access to funds for personal expenses such as a child’s wedding, overseas travel, child’s higher education, etc. as well as to consolidate debts. The maximum loan amount sanctioned by the bank under this loan scheme is up to 50% of the original value of the car.

Features of Axis Bank Loan Against Car

Why this Loan?

  • The Axis Bank Loan Against Car is meant for borrowers who want to get access to funds by pledging their car funded by the Axis Bank Auto Loan to meet their financial needs
  • This secured loan can also be availed by borrowers to pay off their high-interest debts, thereby consolidating their loans

Axis Bank Balance Transfer and Top-up Car Loan

This loan helps Axis Bank Auto Loan borrowers to get access to funds for personal expenses ranging from medical expenses to child’s wedding expenses. This loan can also be repurposed into as consolidation loan to pay off their debts. The maximum loan amount sanctioned by the bank under this loan scheme is up to 150% of the original loan amount.

Features of Axis Bank Balance Transfer and Top-up Car Loan

Why this Loan?

  • The Axis Bank Balance Transfer and Top-up Car Loan is meant for borrowers who want to get access to funds by pledging their car funded by the Axis Bank Auto Loan to meet their financial needs
  • This secured loan can also be availed by borrowers to pay off their high-interest debts, thereby consolidating their loans

Axis Bank Loan Against Securities

This loan helps borrowers get access to funds by pledging their securities to the bank. While this secured loan can be used to meet any financial needs such as a child’s wedding, overseas travel, child’s education and so on, it can also be used to consolidate high-interest debts.

Features of Loan Against Securities from Axis Bank

Why this Loan?

  • The Axis Bank Loan Against Securities is meant for borrowers who want to avail financial assistance by pledging securities such as shares, mutual funds, bonds, life insurance policies, etc. to meet their financial needs
  • Borrowers can also avail this scheme as a consolidation loan to pay off their debts
  • This loan can be availed as an overdraft or demand loan

Axis Bank Loan Against Fixed Deposit

This loan helps borrowers to get funds against Fixed Deposits (FDs) to meet their urgent financial needs including wedding expenses, travel expenses, medical expenses, debt consolidation, etc. without liquidating the FD. The maximum loan amount sanctioned under this loan is up to 85% of the value of the FD.

Features of Axis Bank Loan Against FD

Why this Loan?

  • The Axis Bank Loan Against Fixed Deposit is designed to help Axis Bank FD holders to meet their urgent financial needs without liquidating the Fixed Deposit
  • The funds availed from this scheme can be used for personal needs including child’s education expenses, wedding expenses, expenses for overseas or domestic travel as well as for consolidating debts
  • There are no pre-payment penalties on the early closure of this loan

Axis Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their residential/commercial property to the bank to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Features of Axis Bank Mortgage Loan

Why this Loan?

  • The Axis Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • Axis Bank presents this as the perfect consolidation loan and offers balance of transfer facilities for mortgage loans availed from other banks

Axis Bank Overdraft Facility Against Property

This loan helps borrowers get access to funds by mortgaging their residential/commercial property to the bank to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Features of Axis Bank OD Against Property

Why this Loan?

  • The Axis Bank Overdraft (OD) Facility Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • The bank presents this as the perfect consolidation loan and offers balance of transfer facilities for loans availed from other banks

Axis Bank Reverse Mortgage Loan

This loan helps senior citizens who want to meet their living expenses or supplement pension income by mortgaging their self-occupied, residential property for this loan. This loan scheme can also be used for the repayment of an existing loan taken for the residential property to be mortgaged or to consolidate your debts. This loan cannot be availed for trading or speculative purposes.

Features of Axis Bank Reverse Mortgage Loan

Why this Loan?

  • The Axis Bank Reverse Mortgage Loan helps senior citizens get access to funds by mortgaging their self-occupied, residential property and convert it into liquid cash flows to meet their living expenses, personal needs, medical expenses or home renovation/repair/extension expenses. They can also avail this scheme as a consolidation loan and pay off their high-interest credit card debts and loans
  • There are no prepayment charges for this loan

Axis Bank Lease Rental Discounting Scheme

This loan helps property owners who have rented out their commercial property to reputable establishments to get financial assistance to meet their personal needs. This secured loan can be used to meet expenses for overseas travel, medical exigencies, debt consolidation, etc.

Features of Axis Bank Lease Rental Discounting Scheme

Why this Loan?

  • The Axis Bank Lease Rental Discounting Scheme is designed to help borrowers who have rented out their commercial property to government units, semi-government units, public sector undertakings, financial institutions, reputed corporations, multinational companies, etc. to get funds to meet their personal needs
  • Borrowers can also avail this scheme to pay off their high-interest credit card debts and loans, thereby consolidating their debts

Axis Bank Home Top-up Loan

This loan helps borrowers get access to funds for meeting their personal needs. In addition to being used to meet financial expenses directly related to the house, this loan can also be used as a consolidation loan to pay off debts.

Features of Axis Bank Home Top-up Loan

Why this Loan?

  • The Axis Bank Home Top-up Loan is meant for borrowers who need assistance to meet financial needs for a child’s wedding, higher education, domestic/overseas travel, etc.
  • This loan can also be availed for multiple purposes including debt consolidation. However, this loan cannot be availed for capital market, trading or speculative purposes

Important Note: Axis Bank may offer more consolidation loan options that are not yet published on the website. If you prefer we suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, strategic premium, etc. may be decided on a case-to-case basis.

Interest Rate for Axis Bank Consolidation Loans

  • The applicable interest rate on these loans is defined as the sum of two factors namely, one-year Marginal Cost of Funds based Lending Rate (MCLR)/Repo Rate and (Strategic) Spread. As of October 2020, the MCLR of Axis Bank is 7.75% and Repo Rate is 4.40%. The Spread factor is decided by the bank based on the loan type, quantum of loan and credit score of the borrower

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Self-employed Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account

Reference Facts

  • Axis Bank Website: www.axisbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 419 5555, 1860 500 5555