Axis Bank Personal Loan Interest rates in Bangalore

Please Find the Detailed Axis Bank Personal Loan Interest Rates

	Up To 30,000	30,000 To 50,000	50,000 To 75000	75000 Above
CAT A	15.75%	15.75%	15.75%	15.75%
CAT B	15.75%	15.75%	15.75%	15.75%
CAT C	15.75%	15.75%	15.75%	15.75%
Others	24.00%	24.00%	24.00%	24.00%
Super CAT A	15.75%	15.75%	15.75%	15.75%

Features of Axis Bank Personal Loan Bangalore

Type	Features
Processing Fee	1.50% to 2.00% + GST as applicable
Pre Closure Charges	Nil
Part Payment Charges	Nil
Min Tenure	1 Years
Max Tenure	5 Years
Min Age	21 Years
Max Age	60 Years
Min Loan Amount	Rs.50,000/-
Max Loan Amount	Rs.15,00,000/-

Axis Bank Personal Loan Bangalore Charges

Type	Charges
E M I Bounce Charges	Rs. 500 per Bounce+S.T
Duplicate Statement Charges	Rs 250 per Instance+G.S.T as applicable
Cheque Swapping Charges	Rs.500 per instance + GST as applicable
Issue Amortization Schedule Duplicate	Rs 250 per instance + GST as applicable
Photocopy Documents	Rs 250 per instance + GST as applicable
Default Interest Rate	@24.00% per annum i.e 2% per month on the overdue installment
C I B I L Report Issuance Charges	Rs. 50/- per instance per set+ GST as applicable

Documentation For Personal Loan

For Salaried Persons

Filled Application form
Identity Proof (PAN CARD)
Address Proof
Latest 3 months Payslips
Job Continuity Proof
2 Passport Size colour Photographs
Co-Applicant identity proof, Address Proof
Co-Applicant relationship Proof and Photograph
6 months Bank Statements
3 Post Dated Cheques/ECS Mandate
Property Related documents

For Self Employed/Professionals

Filled Application form
Identity Proof
Address Proof
Last 2 years Income Tax Returns
Professional/Self employed existence proof for more than 3 years
2 Passport Size colour Photographs
Co-Applicant identity proof, Address Proof
Co-Applicant relationship Proof and Photograph
6 months Bank Statements
3 Post Dated Cheques/ECS Mandate
Property Related documents

Identity Proof For Personal Loan

Passport
Driving License
PAN card
Photo credit card (with embossed Signature and last two months statement)
Banker's sign verification

Age Proof For Personal Loan

PAN Card
Passport
License
School leaving certificate
Voter card
Birth Certificate
LIC policy (only for age Proof)

Income Proof For Personal Loan

Latest salary slip
Current dated salary Certificate with latest form 16.
Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Address Proof For Personal Loan

Latest salary slip
Current dated salary Certificate with latest form 16.
Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

Form 16
Relieving letter
Appointment Letter (for last two months)
Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

Bank statements of latest 2 months
3 months bank passbook

Axis Bank Personal Loan FAQ's

What is the best way to apply for an Axis Bank Personal Loan?

You can start the process of applying for a Personal Loan in any of the following ways: • By applying Online with ApnaLoanBazaar, Click Here to Apply • In person at any Axis Bank Loan Center. • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.

What is the turn around time (TAT) for decisioning a Personal Loan application?

Axis Bank will convey its decision within 5 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 5 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.

What is the minimum and maximum amount of Personal Loan that I can get?

"At Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are: • Your requirement and eligibility • Your income • Your repayment capacity"

What is the tenure for which I can avail a Personal loan?

Axis Bank offers you a flexible tenure ranging from 12 to 60 months. For more features of Axis Bank Personal Loans, please click here.

Do I need to pay a fee to apply for an Axis Bank Personal Loan?

Yes, banks charge a non-refundable processing fee for every Personal Loan application. The processing charge to avail of an Axis Bank Personal Loan ranges between 1.5% to 2% of the loan amount plus service tax as applicable.

How do I keep track of my Axis Bank Personal Loan? For example, how do I get my statements, and repayment schedule?

"You may place request for Statement of Acccount or Repayment Schedule or Interest Certificate in either of the following ways: • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577. • By using your registered email id to write to Axis Bank at: loans@axisbank.com."

What are my different options for making my EMI payments? Is there a preferred one?

"You may repay your Personal Loan in any of the following three ways: • Standing Instruction (SI): This mode can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify. • Electronic Clearing Service (ECS): This mode can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account. • Post-Dated Cheques (PDCs) : You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Center. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only. Axis Bank recommend that you opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs."

Can I make part-prepayment towards my Axis Bank Personal Loan? Will any charge be applicable?

"Yes, you can make a part-prepayment towards your Personal Loan at your nearest Axis Bank Loan Center. *Currently, Axis Bank levies no charge for part prepayment."

How do I update my mobile number and the email address registered under my Personal Loan account?

"You may update your mobile number and email address in either of the following ways: • By calling any of Axis Bank toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577. • By using your registered email id to write to Axis Bank at: loans@axisbank.com "

How do I foreclose my Personal Loan? Will there be any charge for the foreclosure?

"Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center. Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request. *Currently, Axis Bank levies no charge for pre-closure of a Personal Loan account.Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center. Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request. "

About Axis Bank

Axis Bank Limited provides a suite of corporate and retail banking products. The Bank operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers.

Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.

Axis Bank Highlights

'Best Loyalty Program of the year', 9th Loyalty Awards 2016

Best Security among Private Sector Banks in India by DSCI, 2015

'Best Audit Committee' by Asian Centre for Corporate Governance & Sustainability, 2015

Innovation in Social Pay-Aegis Graham Bell Awards 2015

Best Domestic Bank in India- Asiamoney Best Banks 2015

No. 1 Promising Banking Brand of 2015, ET Best Brands 2015

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education

Marriage

Vacations

Festivals

Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why to Avail Personal Loans?

Expert Advice

Best Practices for Personal Loan

Things not to do for Personal Loan

Factors that affect interest rates on Personal Loan

Banks charge a different rate of interest depending on a whole host of factors. The interest rate can broadly vary between 14 - 24%. We take you through three such individual details that can affect the rate of interest charged by the bank.

2) Nature of Employment:-:-
The nature of your job also plays a crucial role in determining the interest rate. Banks have different checks in place if you are a salaried individual vis-à-vis a self employed person. So if you are working with a reputed organization then banks will be able to extend a cheaper rate of interest. But if you are working with an organization that is not very well known then a higher rate will be charged. In case you have your own business then banks will give you a loan even if you are in an advanced age. On the other hand in case you are a salaried employee then a loan will not be extended if you are nearing the age of retirement.

3) Bank-Customer relationship:-:-
If you approach the bank where you already have a bank account and you are a valued customer then banks may give you certain leeway. This mean you can negotiate with the bank for a cheaper interest rate. Most banks agree to give a concession of 0.5-1% on the interest rate. So next time you go around shopping for a personal loan, remember that these three points will affect the amount that the bank sanctions and the interest rate that it is levied. In the next article we will cover more points that affect interest rates on personal loan. So stay tuned!

Personal Loan Advantages and Disadvantages

Personal Loan Advantages:

Personal Loans Disadvantages:

10 Things to Keep in Mind While Taking a Personal Loan

Personal Loans Precautions

1. Clear Identification of purpose and planned Budget:

One should have a clear identification of purpose of availing personal loan. Never opt for a personal loan only just because you can. Going for personal loan is a wise decision only in case of emergency and where the purpose is unavoidable. Apart from the purpose one has to also plan and budget the total requirement well in advance before applying for a personal loan.
Borrowing more than what is required leads to unnecessary debt. In certain instances borrowing far less than required amount may result in not serving the purpose. Therefore one has to make complete budget of the purpose and plan his / her borrowings accordingly. It is always to be noted that money one's spent is lost forever and unnecessary debt can lead to financial stress.

2. Understand the need Vs personal Loan:

Before opting for a personal loan one has make cost – benefit analysis of various kind of other loans which customer can get in the market. In case of emergency and unavoidable situations you can go for personal loan but where the purpose is to improve the life – like buying a fuel efficient car customer has to analyze the cost and benefits involved in the long run. In this scenario it is to be understood that in long run the benefits from purchase of new fuel efficient car should be greater than the interest charges and other costs involved in availing personal loan.

3. Check for Better rate:

Before availing a personal loan from any particular Bank/ NBFC customer has to compare interest payable and other charges to know the best annual percentage rates available in the market. Though the customer has a pre approved personal loan at a concessional rate with a particular Bank, he/ she might get the loan at a comparatively still lower rates with others. Therefore it is always better to check with 3-4 Banks before making the mindset to proceed with any one in particular. ApnaLoanBazaar will always provide the industry best rates, which are available in the Indian market. Check for Personal Loan Interest rates with ApnaLoanbazaar

Also the repayment tenure is other point to be noted before taking a loan. Eg: Some Bank's may offer maximum repayment tenor of 36 months whereas some others may offer maximum up to 60 months. Customer has to decide the repayments based on his income in consideration of his / her other obligations.

4. Credit scoring & Eligibility Criteria:

Personal loans best feature is collateral free and quick loan process, Hence Bank/NBFC will carefully analysis of your credit history. Customers with good credit history score will have high bargaining power. Customers with moderate / Low credit history may end up taking loans at higher rate of interest and Banks will have advantage of it. Customers have to ensure that they do not have any overdue while going for a personal loan. It is advisable to clear the credit card outstanding and other loan overdue before going for a personal loan as it improves credit worthiness. It is to be noted that not only income of the customer but Leverage is considered for arriving the limits. Generally Bank/NBFC prefer the credit score is above 730 for funding the personal Loan.

ApnaLoanBazaar will help you to know your CIBIL(Credit) Score: Know your Credit Score here

5. Plan the repayment from the regular:

Customer has to be aware of repayment tenor, monthly repayment date, mode of payment and installment amount. Repayment tenor to be planned based on the income and obligations. Over burden of EMI may result in delay and sometimes even default of the loan amount. Customer shall not forget the repayment date and maintain sufficient balances in the account for meeting the EMIs. Payment of EMIs by way of ECS through account is preferable to avoid unintentional delays. Even online payment from account is a suggestible mode of payment. In case of salaried employees it is better to opt the monthly repayment date to be within first week of the month. In case of entrepreneurs/ Businessmen the EMIs are to be planned from their regular income than depending on some other futuristic/speculative sources.

6. Terms & Conditions:

All the terms and conditions to be read carefully, before sign the loan agreement. Terms in smaller font to be observe carefully. Payment terms to be noted and have to maintain sufficient balance in the account for meeting the EMIs. Check the correctness of the updated personal details. Mobile alerts, Email alerts will remind the due date of payment and confirm the receipt of amount. In his/ her busy schedule customer may forget the due date whereas these alerts will remind them and help in making the payments on time.

Other Important Points to be noted:

About Bangalore

Bangalore, also known as Bengaluru (Kannada) is the capital of the Indian State of Karnataka. Bangalore is nicknamed the Garden City and was once called a Pensioner's Paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city. There are a number of expats from across the world living in the city, Bengaluru’s reputation as a science and technology centre was established early in the 20th century in 1905 it became the first city in India to have electric street lights. Bangalore is known as the Silicon Valley of India because of its position as the nation's leading IT exporter. Bangalore is a major economic and cultural hub and the fastest growing major metropolis in India.

History is In 1537 the feudal lord Kempegowda built a mud fort here, but it remained something of a backwater until 1759, when the city was gifted to Hyder Ali by the Mysore maharaja.In 1809 the British Cantonment was established, and in 1831 the British moved their regional administrative base from Srirangapatnam to Bengaluru, renaming the city Bangalore in the process.

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Places To Be Visited In Bangalore

Tipu Sultan Fort

Tipu Sultan Fort represents the artistic talent that prevailed in the past. It was originally constructed by Kempe Gowda in the year 1537 using mud bricks. It was modified and extended by Haider Ali, who used granite stones in the process. It was Tipu Sultan who completed it during 1791 and it served as his summer retreat.

Bangalore Palace

Bangalore Palace was constructed by Chamaraja Wodeyar in the year 1884 and he had his inspiration from England’s Windsor Castle. Located at city’s center, the Tudor style construction has Gothic windows, woodcarvings and turrets, which stand proof of the stunning architecture during the period. The 430-acre land that holds the palace has beautiful gardens.

Lal Bagh Botanical Gardens

This botanical garden is one of the most beautiful botanical gardens in India. Constructed by Haider Ali, it was later modified by Tipu Sultan. The Glass House in the gardens was inspired by the London Crystal Palace. Spread across a sprawling 240 acres of land, the garden has above 1800 species of plants, herbs and trees. The lawn clock in the garden is the first of its kind in India.

Nandi Hills

Nandi Hills is a perfect location to feel one with nature. Located 60 kms away from Bangalore, it is one of the hill stations near Bangalore with the solid monolithic granite mass that offers the best view. Rivers Palar and Arkavathi originate from here. The hill was named after the renowned Nandi temple, which is situated at the top of the hill. It is situated 1478 meters above sea level.

Cubbon Park

Cubbon Park is situated in 300 acres of land. It was constructed by Richard Sankey who was the Chief Engineer of Mysore. The Park offers beautiful walk way. It deserves to be called a Paradise for walkers. It houses museums, library, aquarium, toy train and tennis academy.

Shivasamudram Falls

The place is famous for having Asia’s first hydroelectric power station. The falls are 38 km from banglore and near by so many temples there and this is the one of the beautiful place.

Total Number Of Branches In Bangalore (3047)

STATE BANK OF INDIA (308 Branches)CANARA BANK (301 Branches)STATE BANK OF MYSORE (231 Branches)HDFC BANK (173 Branches)VIJAYA BANK (143 Branches)SYNDICATE BANK (134 Branches)ICICI BANK LTD (134 Branches)CORPORATION BANK (134 Branches)KARNATAKA BANK LTD (97 Branches)AXIS BANK (91 Branches)ANDHRA BANK (78 Branches)INDIAN OVERSEAS BANK (73 Branches)INDUSIND BANK (72 Branches)KOTAK MAHINDRA BANK LTD (68 Branches)ING VYSYA BANK (62 Branches)BANK OF INDIA (57 Branches)STATE BANK OF HYDERABAD (56 Branches)UNION BANK OF INDIA (55 Branches)CENTRAL BANK OF INDIA (52 Branches)INDIAN BANK (50 Branches)BANK OF BARODA (48 Branches)PUNJAB NATIONAL BANK (46 Branches)IDBI BANK (44 Branches)THE SHAMRAO VITHAL CO-OP BANK (40 Branches)FEDERAL BANK (39 Branches)KARUR VYSYA BANK (35 Branches)ALLAHABAD BANK (33 Branches)UCO BANK (32 Branches)STATE BANK OF TRAVANCORE (29 Branches)DENA BANK (29 Branches)SOUTH INDIAN BANK (28 Branches)LAKSHMI VILAS BANK (25 Branches)ORIENTAL BANK OF COMMERCE (24 Branches)YES BANK (24 Branches)BANK OF MAHARASHTRA (21 Branches)CITY UNION BANK LTD (20 Branches)SARASWAT CO-OP BANK LTD (17 Branches)UNITED BANK OF INDIA (15 Branches)TUMKUR GRAIN MER CO-OP BANK LTD (12 Branches)STATE BANK OF PATIALA (12 Branches)PUNJAB & MAHARSHTRA CO-OP BANK (10 Branches)CATHOLIC SYRIAN BANK LTD (10 Branches)DHANALAXMI BANK (9 Branches)STATE BANK OF BIKANER & JAIPUR (8 Branches)TAMILNAD MERCANTILE BANK LTD (8 Branches)PUNJAB & SIND BANK (7 Branches)BHARAT CO-OP BANK MUMBAI LTD (7 Branches)JAMMU & KASHMIR BANK LTD (5 Branches)NKGSB CO-OP BANK LTD (5 Branches)RBL BANK LTD (5 Branches)DCB BANK LTD (4 Branches)BANDHAN BANK LTD (3 Branches)STANDARD CHARTERED BANK (3 Branches)TJSB SAHAKARI BANK LTD (2 Branches)CITI BANK (2 Branches)HSBC BANK (2 Branches)IDFC BANK LTD (1 Branches)JP MORGAN BANK (1 Branches)DEUSTCHE BANK (1 Branches)DEVELOPMENT BANK OF SINGAPORE (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)BANK OF TOKYO MITSUBISHI LTD (1 Branches)BANK OF AMERICA (1 Branches)ABU DHABI COMMERCIAL BANK (1 Branches)B N P PARIBAS (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)THE ROYAL BANK OF SCOTLAND N V (1 Branches)RESERVE BANK OF INDIA (1 Branches)RESERVE BANK OF INDIA, PAD (1 Branches)MIZUHO BANK LTD (1 Branches)

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Axis Bank Personal Loan in Bangalore

Axis Bank Personal Loan Interest rates in Bangalore

Features of Axis Bank Personal Loan Bangalore

Axis Bank Personal Loan Bangalore Charges

Documentation For Personal Loan

For Salaried Persons

For Self Employed/Professionals

Identity Proof For Personal Loan

Age Proof For Personal Loan

Income Proof For Personal Loan

Address Proof For Personal Loan

Job Continuity Proof For Personal Loan

Banking History For Personal Loan

Axis Bank Personal Loan FAQ's

What is the best way to apply for an Axis Bank Personal Loan?

What is the turn around time (TAT) for decisioning a Personal Loan application?

What is the minimum and maximum amount of Personal Loan that I can get?

What is the tenure for which I can avail a Personal loan?

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