Axis Bank Personal Loan of 10000

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Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

In the market of financial services, Axis Bank stands tall, offering a convenient and competitive choice for those seeking quick access to funds. Not only this, but its attractive interest rates and minimal documentation procedure make it an ideal choice for many. With an Axis Bank Personal Loan of 10,000, customers have the provision to procure lucrative short-term loans with flexible repayment choices. Personal loans are a way to use tomorrow’s income today, and the process involved is now made super simple with Urban Money’s assistance. Scroll down to know every important feature, benefit, and charge related to an instant 10000 loan by Axis Bank.

Axis Bank Personal Loan 10000- Highlights

Let’s have a brief look at Axis Bank personal loan 10000 highlights:

Feature	Description
Maximum Loan Amount	INR 40 Lakhs
10000 loan Interest Rate	Starting from 10.49% p.a.
Tenure	Up to 84 months
Processing Fee	Up to 2% of the loan amount (excluding GST)
Prepayment Charges	Nil

Axis Bank 10000 Personal Loan EMI for 10 Years

The following table will help you to understand the breakout of 10000 personal loan EMI:

Tenure (In Years)	Amount	Interest Rate	Total Interest Payable	EMI
1 year	10,000	10.49%	₹577	Rs. 881
2 years	10,000	10.49%	₹1,129	Rs. 464
3 years	10,000	10.49%	₹₹1,699	Rs. 325
4 years	10,000	10.49%	₹2,287	Rs. 256
5 years	10,000	10.49%	₹2,893	Rs. 215
6 years	10,000	10.49%	₹3,517	Rs. 188
7 years	10,000	10.49%	₹₹4,159	Rs. 169
8 years	10,000	10.49%	₹4,817	Rs. 154
9 years	10,000	10.49%	₹5,493	Rs. 143
10 years	10,000	10.49%	₹6,185	Rs.135

Compare 10000 Personal Loan from Other Banks & NBFC

Let’s analyse different banks and NBFCs with that of Axis Bank 10,000 personal loan:

Bank/NBFC	Interest Rate	Processing Fee	Tenure
Axis Bank	Starting from 10.49% p.a.	Up to 2%	Up to 60 months
HDFC Bank	Starting from 10.50% p.a.	Up to 3%	Up to 60 months
ICICI Bank	Starting from 10.50% p.a.	Up to 2.5%	Up to 60 months
Kotak Mahindra Bank	Starting from 10.99% p.a.	Up to 3%	Up to 60 months
Fullerton India	Starting from 11.99% p.a.	Up to 6.5%	Up to 60 months

Axis Bank Personal Loan 10000- Fees & Charges

The table below will help you to understand the additional fees and charges by Axis Bank for personal loan 10000:

Fee/Charge	Description
Processing Fee	Up to 2% of the loan amount
Repayment instruction	INR 339 per instance (Exclusive GST)
Instrument charges	INR 500 per instance (Exclusive GST)
Duplicate Issuance Charges	INR 250 per instance (Exclusive GST)
Stamping Charge	As per the State Stamp Act

10000 Axis Bank Personal Loan – Documents Required

All the necessary documents must be submitted to apply for a 10000 personal loan from Axis Bank. The necessary documents for verification include identity proof such as a PAN card, passport, Aadhaar card, or Voter’s ID. Additionally, proof of residence is required, which can be provided through an electricity or telephone bill or a rental agreement. For income verification, recent salary slips from the past two months, employment proof spanning a year, and bank statements covering the last six months are essential.

10000 Axis Bank Personal Loan – Eligibility Criteria

The eligibility criteria to apply for 10000 Axis Bank personal loan includes the parameters customers must adhere to. These criteria outline eligibility requirements for Indian citizens aged between 21 to 60 years seeking a financial product. They should have a stable monthly income of at least INR 15,000, derived from either salaried employment or self-employment. Additionally, a CIBIL score of 700 or higher is necessary for consideration.