| Fixed Rate Loan | 1 Yr MCLR | Spread over 1 year MCLR | Effective ROI | Reset |
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| Personal Loan | 9.10% | 4.65%-13.65% | 10.49% to 22% | No Reset |
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Personal Loan Charges
Looking for a Personal Loan online? Axis Bank offers the most attractive interest rates and charges on Personal Loans. Refer the table below to know more.
Schedule of charges**
| Repayment instruction / Instrument return charges | Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
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| Swap charges (Cheque/Instrument) | Rs.500/- per instance + GST as applicable |
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| Penal Interest | @ 24% per annum i.e. 2% per month on the overdue installment. |
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| Duplicate statement issuance charges | Rs.250/- per instance per set + GST as applicable.
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| Duplicate Amortization schedule issuance charges | Rs.250/- per instance per set + GST as applicable. |
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| Credit Information Companies (CICs) Report Issuance Charges
| Rs. 50/- per instance per set + GST as applicable.
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| No Dues Certificate generation charges (Duplicate) | Rs.50 per instance per set + GST as applicable. |
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| Stamp Duty Charges | As per State Stamp Act |
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| Part Payment / Pre-Payment Charges | 5% + GST (As applicable)
*Pre payment charges shall be charged on principal outstanding.
*Part payment charges shall be charged on the amount of part payment. |
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**(Subject to change as per Bank’s discretion from time to time)
** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
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