Personal Loan offered by Axis Bank can help you turn your dreams and aspirations into reality with ease and zero hassles. Whether you're financing a dream vacation, a major life event or encountering unforeseen medical emergencies, our Instant Personal Loan can be the best solution for achieving your goals or meeting your needs quickly and efficiently.

Personal Loan Details

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

MCLR Rates

Fixed Rate Loan	1 Yr MCLR	Spread over 1 year MCLR	Effective ROI	Reset
Personal Loan	9.35%	1.69 % to 12.70 %	11.25% to 22%	No Reset

Personal Loan FAQs

What is a Personal Loan?

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.

How does a Personal Loan work?

Personal loans are lump-sum amounts lent by banks or lenders for personal use. You repay with interest over a fixed period through EMIs.

When should I opt for a personal loan?

Consider a personal loan for immediate financial needs like home renovations, an unexpected trip, education expenses, or debt consolidation.

What can I use a Personal Loan for?

Personal Loans can be used for various purposes such as medical emergencies, weddings, travel expenses, or even debt consolidation.

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