Axis Bank Ltd has decreased its personal loan interest rates by 0.10%, or 10 basis points with effect from Monday, January 02, 2017. This interest rate cut will reduce the cost of funds for those people who want to avail Axis Bank personal loans.
Axis Bank Limited – Current Personal Loans Interest Rates
New Delhi (Delhi, India), February 18, 2018
Axis Bank Limited Cuts Personal Loan Interest Rate to 15.50% Per Annum
The Axis Bank Limited has decreased its personal loan interest rates by 0.10 percent, or 10 basis points with effect from Monday, January 02, 2017.
Axis Bank Limited has revised its minimum personal loan interest rate from 15.60 percent to 15.50 percent per annum for Axis Bank personal loan applicants.
Axis Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail Axis Bank personal loans.
Axis Bank Limited – Current Personal Loan Interest Rates for the New Loans
Axis Bank Personal Loan Interest Rate: 15.50% to 24.00% Per Annum
Axis Bank Personal Loans Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Axis Bank Personal Loan Processing Fee and Documentation Charges: 1.50% to 2.00% of the Personal Loan Amount plus GST
Axis Bank Personal Loan Minimum Borrowing Amount: Minimum Personal Loan Amount is Rs. 50,000
Axis Bank Personal Loan Maximum Borrowing Amount: Maximum Personal Loan Amount is Rs. 15,00,000
Minimum Tenure for the Axis Bank Personal Loans: Minimum Personal Loan Tenure is 12 Months
Maximum Tenure for the Axis Bank Personal Loans: Maximum Personal Loan Tenure is 60 Months
Minimum Net Income Requirement for Availing Axis Bank Personal Loans: Minimum Net Income Required is Rs. 15,000 Per Month
Minimum Age Limit for Getting the Axis Bank Personal Loan Sanctioned: Minimum Age 21 Years at the Time of Personal Loan Commencement
Maximum Age Limit for Getting the Axis Bank Personal Loan Sanctioned: Maximum Age 60 Years for Salaried Applicants and 60 Years for Self-Employed Applicants at the Time of Personal Loan Maturity
Axis Bank Personal Loan Pre Closure Charges or Prepayment Penalty: Nil Charges or Penalty
Charges for Axis Bank Personal Loan EMI Late Payment: Minimum 2% Per Month of the Axis Bank Personal Loan EMI Outstanding Amount plus GST
Axis Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges: Rs. 500 plus GST
Different Options for Making Axis Bank Personal Loan EMI Payments: The three options for making Loan EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)
Guarantor Requirement for the Axis Bank Personal Loan: No Guarantor is Required
Axis Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Axis Bank Limited