Loan Category

Personal Loan

Max

40,00,000/-

Up to 84 Months

  • Personal Loans up to Rs. 40 Lakhs
  • Low interest starting @ 11.25% p.a.
  • Online, Paperless Process
  • Quick Approval in 30 seconds
Apply Now

*T&C apply

Apply for Personal Loan

Personal Loan: Get Instant Personal Loan

Personal Loan is a quick and convenient way to turn your dreams into reality, providing you with funds precisely when you need them. Whether it’s for a long-awaited holiday, planning a special event or handling unexpected medical expenses, Axis Bank's Instant Personal Loan ensures you have a seamless experience with quick approval, minimal paperwork and competitive interest rates. Owing to flexible repayment options, you can tailor the loan to suit your financial situation and budget.

Take advantage of Axis Bank’s Personal Loans to bridge financial gaps and move forward with confidence. Begin your journey today and unlock your dreams effortlessly with our range of Instant Personal Loan solutions.

Read More

Personal Loan Details

Max Loan AmountRs. 40 Lakhs
Max Loan TenureTenure from 12 months to 84 months*
Interest RateStarting from 11.25% p.a.
Processing FeesUp to 2% of loan amount + GST

Instant Personal Loan Online Features

  • No Collateral Required

  • Simple, Easy Online Process

  • Low Interest Rates

  • Transparent Terms

  • Flexible Tenure

Personal Loan Eligibility Criteria & Documentation

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
11.25% 22%
12 84

Break-up of Total Payment

Principal Amt
10,50,000
Interest Amt
10,50,000
Total Amt Payable
10,50,000

Related Calculators

Personal Loan Application Process

  • 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

Personal Loan for Wedding

Personal Loan for Wedding

Spare no strings attached to make your D-Day special! Secure the wedding of your dreams of with a Personal Loan for wedding tailored to meet your needs.

Know More

Personal Loan for Home Renovation

Personal Loan for Home Renovation

Elevate your space with a Personal Loan for home renovation and bring your aspirations to life. Get the loan amount of your choice and repay at your convenience

Know More

Personal Loan for Travel

Personal Loan for Travel

Make memories to last a life time as you go on your dream holiday. Avail a Personal Loan for travel and enjoy flexible payment terms and competitive interest rates

Know More

Personal Loan for Higher Education

Personal Loan for Higher Education

Invest in your future with a Personal Loan for higher education. Unlock academic potential with flexible financing, empowering you to pursue your dreams and educational goals confidently.

Know More

MCLR Rates

Fixed Rate Loan1 Yr MCLRSpread over 1 year MCLREffective ROIReset
Personal Loan9.35%1.69 % to 12.70 %11.25% to 22%No Reset

View Personal Loan Interest Rates

Personal Loan FAQs

A Personal Loan is an unsecured loan offered by banks requiring minimal documentation and no collateral. The loan is offered based on eligibility criteria such as employment status, credit history, income level, repayment history and capacity.

An instant personal loan can be utilised for a variety of reasons, such as home renovations, marriage, education, travel plans, or any other personal reason. Like any other loan, you must repay the loan according to the bank’s terms and conditions within the set tenure. Once you apply for a personal loan, it is processed quickly and gives you instant access to funds. Axis Bank offers personal loans of up to Rs 40 lakhs to salaried individuals at competitive interest rates with flexible tenures and transparent terms.

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.

View More

Customer Reviews

Here's what our customers have to share about their experience

More about Personal Loan


Get Personal Loan of Different Amounts

Personal Loan of 50,000Personal Loan of 50,000
Personal Loan of 60,000Personal Loan of 60,000
Personal Loan of 70,000Personal Loan of 70,000
Personal Loan of 80,000Personal Loan of 80,000
Personal Loan of 1 lakhPersonal Loan of 1 lakh
Personal Loan of 2 lakhPersonal Loan of 2 lakh
Personal Loan of 3 lakhPersonal Loan of 3 lakh
Personal Loan of 5 lakhPersonal Loan of 5 lakh
Personal loan for 25,000 salaryPersonal loan for 25,000 salary
Personal loan for 30,000 salaryPersonal loan for 30,000 salary
Personal loan for 40,000 salaryPersonal loan for 40,000 salary
Personal loan for 50,000 salaryPersonal loan for 50,000 salary
Personal loan for 60,000 salaryPersonal loan for 60,000 salary

Personal Loans Online 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.