Axis Bank Personal Loan

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 Personal Loan Axis Bank

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

Loan Amount

  • You can apply for a loan for as low as Rs 50,000
  • The maximum loan amount you can apply for is Rs 40 lakh


  • The interest rate applicable to this loan is defined as the sum of two factors: the 1-year Marginal Cost of Funds based Lending Rate (MCLR) and a Spread factor
  • As of April 2023, the 1-year MCLR stands at 8.95% and the spread ranges from 4.65% to 13.65%, which takes the interest rate range from 10.49% to 22.00%


  • The minimum loan tenure is of 1 year (12 months)
  • This loan must be repaid within 5 years (60 months)


  • The applicant should be at least 21 years to apply for this loan. The maximum age of the borrower at the time of loan maturity cannot exceed 60 years
  • Permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies earning a minimum net monthly income of Rs. 15,000

Security Needed

  • This is an unsecured loan, meaning you don’t have to offer any collateral to get the loan

Processing Charges

  • Axis Bank charges upto 2% of the loan amount plus GST as processing fees for its personal loan

Documents Needed

  • 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
  • Duly-signed loan agreement and Standing Instruction (SI) Request/Electronic Clearance System (ECS) forms

Reference Facts

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