Axis Bank Personal Loan of 2 lakh

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