Axis Bank offers personal loans with attractive interest rates and flexible repayment options. Axis Personal Loan Interest Rate are designed to meet various personal financial needs such as weddings, vacations, medical emergencies, or home renovations. Following are the features of Axis Personal Loan Interest Rate
Key Features of Axis Bank Personal Loan:
- Interest Rate: Starting from 10.49% p.a. and can go up to 21% p.a. depending on the borrower’s profile.
- Loan Amount: ₹50,000 to ₹40 lakh.
- Repayment Tenure: 12 to 60 months.
- Processing Fee: Up to 2% of the loan amount + applicable taxes.
- Prepayment Charges: 2%-5% of the outstanding principal after the first 12 months.
Eligibility Criteria:
- Employment Type: Salaried individuals, doctors, CAs, and employees of public and private companies.
- Minimum Income: ₹15,000 per month (may vary by city).
- Age: 21 to 60 years.
- Credit Score: A good credit score (typically 700 and above) is required for a better interest rate.
Axis Bank also offers special deals and lower interest rates for select categories like salaried employees in reputed organizations. The final rate depends on your creditworthiness, income, and existing relationship with the bank.
