Axis Bank Loan Apply: Personal Loan UPTO 20 Lakh

Axis Bank offers instant personal loans up to Rs. 20 lakhs for salaried individuals. The maximum loan amount, interest rate, tenure and eligibility criteria depends on the applicant’s income, employer profile, credit score and repayment capacity. Here is a step-by-step guide on how to apply for an Axis Bank personal loan online or offline:

Axis Bank Personal Loan Eligibility

To be eligible for a personal loan from Axis Bank, the applicant must satisfy the following criteria:

  • Age: Between 21 to 60 years
  • Employment: Minimum 1 year with current employer and total 2 years of work experience
  • Income: Minimum Rs. 15,000 per month in metro cities and Rs. 12,000 per month in non-metro cities
  • Credit score: 700 and above

For instance, Rajesh aged 26 years, earns Rs. 50,000 per month working with ABC Ltd. for over 2 years. He meets the eligibility norms set by Axis Bank.


Axis Bank Personal Loan Amount

As per eligibility, the maximum loan amount offered is:

  • Salaried individuals: Up to Rs. 20 lakhs
  • Self-employed: Not eligible

Based on Rajesh’s credentials, he gets approved for a personal loan of Rs. 10 lakhs from Axis Bank.

The loan amount is decided basis the applicant’s income stability, existing obligations, credit profile and repayment capacity.

Axis Bank Personal Loan Interest Rates

Axis Bank offers very competitive interest rates starting from 11.99% per annum. The rates depend on the applicant’s credit score:

Credit Score Interest Rate
750- 850 11.99% to 15.50%
Above 850 11.99% to 14%

If Rajesh has a credit score of 800, he can avail the loan at 12.5% yearly interest rate.

Axis Bank Personal Loan Tenure

Axis Bank offers flexible repayment tenures from 12 months to 60 months or 5 years. Longer tenures have lower EMIs but higher interest payouts.

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Rajesh chooses a tenure of 48 months for his Rs. 10 lakh Axis Bank personal loan.

EMI Calculator

For a Rs. 10 lakh loan at 12.5% interest for 48 months, the EMI will be:

Loan Amount: Rs. 10,00,000

Interest Rate: 12.5% p.a.

Tenure: 48 months

Monthly EMI: Rs. 24,669

Total Interest Payable: Rs. 2,48,112

Total Cost: Rs. 12,48,112

Documents Required

Salaried individuals need to submit the below documents when applying:

  • Application form
  • Identity proof – PAN, Aadhaar
  • Address proof
  • Bank statements – Latest 6 months
  • Salary slips – Last 3 months
  • Form 16
  • Employment proof

Rajesh will need to submit documents like PAN card, Aadhaar card, last 6 months’ bank statement, last 3 months’ salary slips and employment proof from ABC Ltd.

How to Apply for Axis Bank Personal Loan

Axis Bank offers multiple ways to apply including:


  • Visit Axis Bank website or netbanking portal
  • Go to ‘Personal Loan’ section
  • Fill the online application form
  • Upload required documents
  • Pay processing fee online
  • Click submit

Rajesh chooses to apply online by filling the digital form, attaching documents and paying the fee digitally via netbanking.


  • Visit nearest Axis Bank branch
  • Ask for personal loan application form
  • Fill in details and submit along with documents
  • Pay processing fee physically

The loan application is processed within 24 hours and amount disbursed quickly.

Benefits of Axis Bank Personal Loan

  • Digital and paperless process
  • Quick approval and disbursal
  • Competitive interest rates
  • Customizable tenure up to 5 years
  • No collateral or guarantor required
  • Special offers for existing customers
  • Doorstep document pickup facility
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Rajesh gets fast approval and disbursal into his account within 2 days because of Axis Bank’s digital procedure.

Tips to Get the Best Deal

Follow these tips to get the lowest rate and best deal on Axis Bank personal loan:

  • Maintain a high credit score above 750
  • Choose optimal loan tenure of 2 to 4 years
  • Provide accurate information in the application
  • Have long term relationship with Axis Bank
  • Check eligibility for pre-approved offers
  • Opt for online application mode

Therefore, Axis Bank personal loans are easy to avail for salaried individuals. By meeting the eligibility criteria and following the right application process, applicants can secure the loan on very appealing terms.

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