Personal Loan for Salaried

No collateral required | Tenure up to 84 months |
Balance Transfer facility

Personal Loan for Salaried

As a salaried professional, your income provides stability and security, but there are times when unexpected expenses or aspirations call for extra financial support. That’s where a personal loan comes in as an essential tool.

If you don't have extra savings to meet your financial goals, you can turn to Axis Bank for a personal loan. Designed specifically for individuals like you, our loans offer a range of benefits tailored to complement your lifestyle and financial goals.

Apply for a Personal Loan for salaried employees

To start your loan application, click on this link.
Enter your mobile number, PAN card, Aadhar details.
Verify your mobile with OTP.
Verify income online or upload six-month bank statements and salary slips.
Complete Video KYC.
Provide employment and education details.
Choose loan amount and tenure. You will be able to see the details of your personal loan EMI. Now, click on "avail now".
Congratulations! Your loan application has been accepted, and the money will be transferred to your account within a few hours once approved.

Features and benefits of a salaried personal loan

Minimal documents:

Applying for a salaried personal loan is hassle-free, requiring only a few essential documents. This documentation process ensures a smooth and quick application journey.

High-value loan amount:

You have access to loan amounts up to Rs 40 lakhs, enabling you to cover all minor emergencies to major life events without financial strain.

Swift approval and disbursal:

Loans are approved in a few minutes and disbursed within a few hours when you apply online.

Transparent process:

There are no hidden charges or clauses, ensuring you have all the information you need to make informed financial decisions.

Doorstep document collection:

Axis Bank offers doorstep collection of documents, in cases where any document is required. It means you don't have to visit the bank, making the process even more straightforward and customer-friendly.

Competitive interest rates and flexible tenure:

It allows you to choose a repayment schedule that fits your budget and financial plans, making it easier to manage your loan alongside your other financial responsibilities.

Nationality: The applicant should be Indian.
Age limit: The age limit of the applicant should be between 21 to 60 years of age.
Employment status: The applicant should be employed.
CIBIL Score: The CIBIL score preferred is 700+
Minimum Monthly Income: The minimum monthly income should be Rs 15,000.
Employability: The applicant should be employed in an MNC, public or a private company and should be able to produce the latest 3 month’s salary slips.

Documents Required for Personal Loan for salaried individuals online

Proof of Identity: Provide a photocopy of any one of the following: Passport, Voter ID Card, Driving License, or Aadhaar Card.
Proof of Residence: Submit a photocopy of either your Passport, Voter ID Card, Driving License, or Aadhaar Card for address verification.
Bank Statements: Furnish bank statements from the last three months or a passbook updated for the past six months.
Income Verification: Three most recent salary slips or a salary certificate dated recently along with the most current Form 16.

Loan for salaried individuals: Interest rates and charges

Axis Bank offers competitive interest rates and discloses the fees and charges applicable on your personal loans in advance. To know more about personal loan interest rates, click here.

Fees and Charges to avail a loan for Salaried individuals

Type of Charges	Charges
Repayment instruction / Instrument return charges	Rs 339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Swap charges (Cheque/Instrument)	Rs 500/- per instance + GST as applicable
Penal Interest	@24% per annum i.e. 2% per month on the overdue instalment.
Duplicate statement issuance charges	Rs 250/- per instance per set + GST as applicable.
Duplicate Amortisation schedule issuance charges	Rs 250/- per instance per set + GST as applicable.
Credit Information Companies (CICs) Report Issuance Charges	Rs 50/- per instance per set + GST as applicable.
No Dues Certificate generation charges (Duplicate)	Rs50 per instance per set + GST as applicable.
Stamp Duty Charges	As per State Stamp Act
Part Payment / Pre-Payment Charges	5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3%
Processing fee charges	up to 2% of the loan amount + GST as applicable

Frequently Asked Questions

What is the tenor of a personal loan for salaried employees?

The tenure for a personal loan for salaried individuals ranges from 12 months to 84 months for a personal loan for a salaried individual from Axis Bank.

How is personal loan eligibility calculated based on salary?

Personal loan eligibility is calculated based on your net monthly income, existing debts or EMI obligations, and your employer's reputation. Axis Bank uses these factors to assess your repayment capacity, determining how much you can comfortably repay without straining your finances.

What is the maximum personal loan I can get on my salary?

The amount of personal loan you can get on your salary depends on your net monthly income, credit score, and existing financial obligations. Generally a loan amount does not exceed 40-50% of your monthly income, but this can vary across financial institutions.

What are the charges I have to pay when taking a loan for salaried employees?

Axis Bank charges 2% processing fees on your loan amount and offers competitive interest rates and discloses the fees and charges applicable on your personal loans in advance.

How can I use the personal loan for salaried individuals?

You can use the personal loan for a variety of personal needs such as debt consolidation, financing a wedding, covering medical expenses, funding a vacation, or renovating your home.

A personal loan for
your personal goals

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