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Axis Bank Personal Loan of 2 lakh
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- Personalized Personal Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Personal Loan Interest rate comparison
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.