Axis Bank Personal Loan of 50000

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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.
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Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

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.

Frequently Asked Question (FAQs)

What is the Axis Bank monthly interest on ₹50,000 personal loan?

The monthly interest rate for a ₹50,000 personal loan from Axis Bank starts from 10.49% per annum.

Can I get ₹50,000 personal loan from Axis Bank?

Yes, you can obtain a ₹50,000 personal loan from Axis Bank by applying via the official website of Urban Money.

How to get ₹50,000 loan without a salary slip in Axis Bank?

Alternative documents such as your bank statement, income tax returns, or any other proof showing a stable income supporting the loan’s EMI may be required.

What is the CIBIL score for ₹50,000 personal loan for Axis Bank?

A CIBIL score of 700 or above is ideal for securing a ₹50,000 personal loan from Axis Bank.

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