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Axis Bank Personal Loan of 10 lakh
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- Personalized Personal Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Personal Loan Interest rate comparison
Axis Bank Personal Loans provide quick access to funds at competitive interest rates and flexible repayment options. The bank prioritises simplicity and transparency, ensuring a seamless experience from application to approval.
Axis Bank’s user-friendly process requires minimal documentation, making it easy for payroll professionals, self-employed individuals and business owners to secure the funding they need. Axis Bank is committed to the financial well-being of its customers, providing personalised advice and hassle-free borrowing. Let’s discuss a 10 Lakh Axis Bank Personal Loan, the benefits offered., For example, the applicable fees and additional charges, the interest rates offered, and comparing personal loan rates with other banks and lenders.
Axis Bank Personal Loan 10 Lakhs – Highlights
Take a look at the highlights for Axis Bank Personal Loan 10 Lakh.
Max Loan Amount | INR 40 Lakhs |
Loan Tenure | 12-84 Months |
9 Lakh Loan Interest Rate | Starting from 10.49% |
Processing Fee | Up to 2% of loan amount + GST |
Axis Bank 10 Lakhs Personal Loan EMI for 1- 5 & 10 Years
Loan Amount | Interest Rate | Loan Tenure | EMI |
10 Lakh | 10.49% | 1 Year | 88,144 |
10 Lakh | 10.49% | 2 Year | 46,371 |
10 Lakh | 10.49% | 3 Year | 32,498 |
10 Lakh | 10.49% | 4 Year | 25,599 |
10 Lakh | 10.49% | 5 Year | 21,489 |
10 Lakh | 10.49% | 6 Year | 18,774 |
10 Lakh | 10.49% | 7 Year | 16,885 |
Compare 10 Lakh Personal Loan from other Banks & NBFC
Axis Bank offers competitive rates. Here is a quick comparison of the 10 Lakh personal loan of Axis Bank with its competitor banks along with other NBFCs.
Banks/NBFCs | Interest Rates(p.a.) |
Axis Bank | 10.49% onwards |
IndusInd Bank | 10.49% onwards |
IDFC First Bank | 10.49% onwards |
HDFC Bank | 10.50% onwards |
ICICI Bank | 10.50% onwards |
Kotak Mahindra Bank | 10.99% onwards |
Tata Capital | 10.99% onwards |
Bajaj Finserv | 11.00% onwards |
Federal Bank | 11.49% onwards |
DMI Finance | 12.00% – 40.00% |
L&T Finance | 12.00% onwards |
Kreditbee | 12.25% – 30.00% |
MoneyTap | 12.96% onwards |
Piramal Finance | 12.99% onwards |
Aditya Birla | 13.00% onwards |
Cashe | 27.00% onwards |
Axis Bank Personal Loan 10 Lakh – Fees & Charges
Here is a look at Axis Bank’s Personal Loan fees and charges.
Repayment instruction/ Instrument return charges | INR 339 per instance + GST |
Swap charges | INR 500 per instance + GST |
Penal interest | 24% per annum |
Duplicate Issuance Charges | INR 250 per instance + GST |
10 Lakh Personal Loan Documents Required for Axis Bank
The following documents are required for the Axis Bank personal loan.
KYC Documents required for Axis Bank Personal Loan
- Passport
- Voter’s ID
- Proof of Possession of Aadhaar Number
- Driving License with Photograph
- Letter issued by National Population Register with details of Name, Address
Proof of Date of Birth (Any one)
- Passport
- Aadhaar Card with DOB
- School leaving certificate
- PAN Card
- Driving License with Photograph
- Birth Certificate
Signature Proof
- PAN Card
- Passport
- Banker’s verification
Income Proof
- Pay Slip for the last two months.
- Bank statement of last two months showing salary credits
- Employment proof of 1 year (Not required if the date of joining is mentioned in the payslip and work experience is more than one year)
10 Lakh Personal Loan Eligibility Axis bank
Here are the eligibility criteria for Axis Bank Personal Loan.
- The person should be 21 years of age.
- They should have a stable source of income. The minimum monthly income should be 15,000
- The maximum age limit to apply for a personal loan is 60 years.