Axis Bank Personal Loan of 2 lakh

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Amrita Sinha
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.
Reviewed By
Piyush Bothra
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.

Axis Bank is one of the leading banks in the Indian banking space. Axis Bank Personal Loan offers individuals quick and hassle-free financial assistance for various personal needs. With competitive interest rates and flexible repayment options, borrowers can avail of loans up to INR 40 lakhs. The loan tenure can extend up to 7 years, providing ample time for repayment. Minimal documentation and swift approval make the application process convenient. The loan can be used for diverse purposes such as travel, education, medical expenses, or any other personal financial requirements, making it a versatile solution for immediate financial needs. Read on to know more about Axis Bank personal loan. 

Axis Bank Personal Loan 2 Lakh – Highlights

Following are the highlights for Axis Bank Personal Loan 2 Lakh. 

Max Loan Amount INR 40 Lakhs
Loan Tenure  12-84 Months
2 Lakh Loan Interest Rate  Starting from 10.49%
Processing Fee Up to 2% of loan amount + GST

Axis Bank 2 Lakh Personal Loan EMI for 1- 5 & 10 Years

Here is the Axis Bank 2 lakh personal loan EMI for 1 year.  

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  12 months
EMI INR 17,629

Here is the basic snapshot of Axis Bank’s 2 lakh personal loan EMI for 2 years. 

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  24 months
EMI INR 9,274

Take a look at the Axis Bank’s 2 lakh personal loan EMI for 3 years. 

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  36 months
EMI INR 6,500

Here’s a look at the Axis Bank’s 2 lakh loan EMI for 4 years. 

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  48 months
EMI INR 5,120

Take a look at Axis Bank’s 2 lakh personal loan EMI for 5 years. 

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  60 months
EMI INR 4,298

Here is the basic snapshot of Axis Bank’s 2 lakh loan EMI for 7 years. 

Loan Amount  2 Lakh
Interest Rate  10.49%
Tenure  84 months
EMI INR 3,371

Compare 2 Lakh Personal Loan from other Banks & NBFC.

Here is a quick comparison for 2 Lakh personal loan of Axis Bank with other banks as well as 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 2 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

2 Lakh Axis Bank Personal Loan – Documents Required

The following documents are required for the Axis Bank personal loan. 

KYC documents required for an Axis Bank personal loan:

  • Passport
  • Voter’s ID
  • Proof of Possession of Aadhaar Number
  • Driving Licence with Photograph
  • Job Card by NREGA, signed by a state government officer
  • A letter issued by National Population Register with details of name and address

Proof of Date of Birth (any one):

  • Passport
  • Aadhaar Card with DOB
  • School leaving certificate
  • PAN Card
  • Driving Licence with Photograph
  • Birth Certificate

Proof of Signature:

  • PAN Card
  • Passport
  • Banker’s verification

Proof of Income:

  • Pay Slip for last 2 months
  • Bank statement for the last 2 months showing salary credits
  • Employment proof of 1 year (It is not required if the date of joining is mentioned in the payslip and work experience is more than 1 year.)

2 Lakh Axis Bank Personal Loan – Eligibility Criteria

Following are the eligibility criteria for Axis Bank personal loan. 

  • The person should be 21 years of age
  • He or she 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

Frequently Asked Question (FAQs)

What is the Axis Bank monthly interest on a 2 lakh personal loan?

The monthly interest rate for an Axis Bank 2 lakh personal loan is 10.49%.

Can I get a 2 lakh personal loan from Axis Bank?

Yes, if you meet the basic eligibility criteria, you can get a 2 lakh personal loan from Axis Bank.

How do I get a 2 lakh loan without a salary slip in Axis Bank?

You can apply for a 2 lakh personal loan with Axis Bank. Depending on the bank’s policy, if you are qualified, you will be eligible to apply for a loan.

What is the CIBIL score for personal loans at Axis Bank?

A score above 700 is considered a healthy CIBIL score. 

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