Axis Bank Personal Loan of 5000

  • Personal Loan By Other
  • Personal Loan By Profession
  • Personal Loan By Amount
  • Personal Loan By Scheme
Get in Touch for Personal Loan Expert Advice
Connect with our Personal Loan Advisor Now!
  • Personalized Personal Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Personal Loan Interest rate comparison
+91
Choose City

Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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.

Financial needs can knock on our doors at any moment. Moreover, the needs can range from unplanned home renovation to a medical emergency or a dream vacation. Now, choosing a quick and reliable financing solution becomes important. And here is where the Axis Bank emerges as a popular source of personal financial assistance trusted by many. 

Axis Bank Personal Loan of 5000 is introduced to address immediate needs while offering a hassle-free application process. No need to stand in long queues to get a personal loan. Simply follow the step-by-step procedure on the Urban Money website to get an instant 5000 loan from Axis Bank sitting at home through mobile.

Axis Bank Personal Loan 5000 – Highlights

Let’s take a quick look at the highlights of Axis Bank personal loan 5000:

Feature Description
Maximum Loan Amount INR 40 Lakhs
5000 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 5000 Personal Loan EMI for 5 & 10 Years

The following table will help you understand about 5000 personal loans EMI offered by Axis Bank for 10 years:

Tenure (In Years) Amount Interest Rate Total Interest Payable EMI
1 year 5,000 10.49% ₹289 Rs. 441
2 years 5,000 10.49% ₹565 Rs. 232
3 years 5,000 10.49% ₹850 Rs. 162
4 years 5,000 10.49% ₹1,144 Rs. 128
5 years 5,000 10.49% ₹1,447 Rs. 107
6 years 5,000 10.49% ₹1,759 Rs. 94
7 years 5,000 10.49% ₹2,079 Rs. 84
8 years 5,000 10.49% ₹2,409 Rs. 77
9 years 5,000 10.49% ₹2,747 Rs. 72
10 years 5,000 10.49% ₹3,093 Rs. 67

Compare 5000 Personal Loans from Other Banks & NBFC.

Below is a quick comparison of Axis Bank’s 5000 personal loans with other banks and NBFCs.

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 5000 – Fees & Charges

Following is the basic snapshot of fees and charges by Axis Bank for personal loan 5000:

Fee/Charge Description
Processing Fee Up to 2% of the loan amount
Foreclosure Charges Nil
Prepayment Charges Nil

5000 Axis Bank Personal Loan – Documents Required

Following is the list of documents required to apply for 5000 personal loan from Axis Bank: 

Document Required Description
Identity Proof
  • PAN card 
  • Passport
  • Aadhaar card
  • Voter’s ID
Proof of Residence
  • Electricity bill
  • telephone bill
  • Rental agreement
Income Proof
  • Salary slips for the last 2 months 
  • Employment proof of last 1 year
Bank Statement
  • Copy of bank statements for the last 6 months

5000 Axis Bank Personal Loan

The following table highlights the eligibility criteria for Axis Bank personal loan:

Criteria Details
Age 21 to 60 years
Nationality Indian citizen
Minimum Monthly Salary Stable Income of INR 15000
Employment Salaried or self-employed
CIBIL Score 700 or above
Urban Money

Disclaimer:

The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

© 2024 www.urbanmoney.com. All rights reserved.