Axis Bank Personal Loan of 50000

The Axis Bank personal loan ₹50,000 can be used for personal or professional needs, such as medical bills, education fees, travel expenses, home improvement, etc. As it falls under the collateral-free credit option, you can secure the necessary amount without having to pledge any of your assets as collateral. The bank also ensures that, once you submit the loan application, the fund will hit your applicable bank account within a day or two. Moreover, the competitive interest rate, flexible repayment terms, moderate eligibility criteria, minimal documentation, and the convenience of an online application process make it a more handy yet remarkable personal loan. To know more, let’s scroll down. 

₹50,000 Personal Loan Axis Bank – Highlights

Below are the current ₹50,000 loan interest rate and other key parameters with Axis Bank: 

Interest Rates	10.49% p.a. onwards
Processing Fees	Up to 2% of the loan amount
Loan Tenure	1 to 5 years
Eligibility	Both salaried and self-employed individuals

₹50,000 Personal Loan EMI for 5 Years

Below is the Axis Bank ₹50,000 personal loan EMI with an interest rate of 10.49% p.a.:

Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
1 year	₹ 4,407	₹2,884	₹52,884
2 years	₹ 2,319	₹5,656	₹55,656
3 years	₹ 1,625	₹8,500	₹58,500
4 years	₹1,280	₹11,440	₹61,440
5 years	₹ 1,074	₹14,440	₹64,440

Compare ₹50,000 Personal Loan From Other Banks & NBFCs

Let’s compare Axis Bank personal loan ₹50,000 with other banks and NBFCs across India.

Lender	Interest Rate (p.a.)	Processing Fee	Tenure
Axis Bank	10.49% onwards	Up to 2% of the loan amount	1 to 5 years
ICICI Bank	10.50% onwards	Up to 2.50% of the loan amount	1 to 6 years
HDFC Bank	10.50% onwards	Up to Rs 4999	1 to 5 years
Federal Bank	10.49% onwards	Up to 3% of the loan amount	1 to 5 years
IndusInd Bank	10.49% onwards	Up to 2.5% of the loan amount	1 to 5 years
IDFC First Bank	10.49% onwards	Up to 3.49% of the loan amount	1 to 5 years
Kotak Mahindra Bank	10.99% onwards	Up to 3% of the loan amount	1 to 5 years
Bajaj Finserv	11.00% onwards	Up to 3.93% of the loan amount	1 to 8 years
State Bank of India	11.05% onwards	1% of the loan amount	1 to 6 years
Punjab National Bank	11.75% onwards	1% of the loan amount	1 to 6 years

₹50,000 Home Loan – Fees and Charges

Following are the fees and charges for an ₹50,000 personal loan instant: 

Fee/Charge	Amount
Processing Fee	Up to 2% of the loan amount + taxes
Premature Closure Charges (For Full Payment)	Up to 5% of the outstanding loan amount + taxes
Delayed instalment payment charge	24% p.a., i.e. 2% per month on the overdue instalment
Repayment Mode Swap Charges	Rs 500/- Per Instance + taxes
Repayment instruction / Instrument return charges	Rs 339/- Per Instance of dishonour of cheque, SI, ECS, NACH debit instruction + GST
Amortisation Schedule Charges	Rs 250/- Per Instance + taxes
Stamp Duty & other statutory charges	As per applicable laws of the state

₹50,000 Home Loan – Documents Required 

₹50,000 personal loan documents in Axis Bank are as follows: 

• Proof of Identity: PAN Card, Passport, Voter ID, or Driving License.
• Proof of Address: Utility Bills, Passport, Driving License, or Aadhaar Card.
• Proof of Income: Latest bank statement, salary slips, or income tax returns.

₹50,000 Home Loan – Eligibility Criteria 

₹50,000 personal loan eligibility in Axis Bank are as follows: 

• Age: The applicant must be aged between 21 and 60 years.
• Income: The applicant must have a minimum income of Rs.15,000 per month.
• Credit Score: The applicant must have a good credit score and repayment history.
• Nationality: The applicant must be an Indian citizen.