Axis Bank Personal Loan of 10 lakh

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Axis Bank Personal Loans provide quick access to funds at competitive interest rates and flexible repayment options. The bank prioritises simplicity and transparency, ensuring a seamless experience from application to approval.

Axis Bank’s user-friendly process requires minimal documentation, making it easy for payroll professionals, self-employed individuals and business owners to secure the funding they need. Axis Bank is committed to the financial well-being of its customers, providing personalised advice and hassle-free borrowing. Let’s discuss a 10 Lakh Axis Bank Personal Loan, the benefits offered., For example, the applicable fees and additional charges, the interest rates offered, and comparing personal loan rates with other banks and lenders.

Axis Bank Personal Loan 10 Lakhs – Highlights

Take a look at the highlights for Axis Bank Personal Loan 10 Lakh. 

Max Loan Amount INR 40 Lakhs
Loan Tenure  12-84 Months
9 Lakh Loan Interest Rate  Starting from 10.49%
Processing Fee Up to 2% of loan amount + GST

Axis Bank 10 Lakhs Personal Loan EMI for 1- 5 & 10 Years

Loan Amount Interest Rate Loan Tenure EMI
10 Lakh 10.49% 1 Year 88,144
10 Lakh 10.49% 2 Year  46,371
10 Lakh 10.49% 3 Year 32,498
10 Lakh 10.49% 4 Year 25,599
10 Lakh 10.49% 5 Year 21,489
10 Lakh 10.49% 6 Year 18,774
10 Lakh 10.49% 7 Year 16,885

Compare 10 Lakh Personal Loan from other Banks & NBFC 

Axis Bank offers competitive rates. Here is a quick comparison of the 10 Lakh personal loan of Axis Bank with its competitor banks along with other NBFCs. 

Banks/NBFCs Interest Rates(p.a.)
Axis Bank 10.49% onwards
IndusInd Bank 10.49% onwards
IDFC First Bank 10.49% onwards
HDFC Bank 10.50% onwards
ICICI Bank 10.50% onwards
Kotak Mahindra Bank 10.99% onwards
Tata Capital 10.99% onwards
Bajaj Finserv 11.00% onwards
Federal Bank 11.49% onwards
DMI Finance 12.00% – 40.00%
L&T Finance 12.00% onwards
Kreditbee 12.25% – 30.00%
MoneyTap 12.96% onwards
Piramal Finance 12.99% onwards
Aditya Birla 13.00% onwards
Cashe 27.00% onwards

Axis Bank Personal Loan 10 Lakh – Fees & Charges 

Here is a look at Axis Bank’s Personal Loan fees and charges. 

Repayment instruction/ Instrument return charges INR 339 per instance + GST
Swap charges INR 500 per instance + GST
Penal interest 24% per annum
Duplicate Issuance Charges INR 250 per instance + GST

10 Lakh Personal Loan Documents Required for Axis Bank 

The following documents are required for the Axis Bank personal loan. 

KYC Documents required for Axis Bank Personal Loan

  • Passport
  • Voter’s ID
  • Proof of Possession of Aadhaar Number
  • Driving License with Photograph
  • Letter issued by National Population Register with details of Name, Address

Proof of Date of Birth (Any one)

  • Passport
  • Aadhaar Card with DOB
  • School leaving certificate
  • PAN Card
  • Driving License with Photograph
  • Birth Certificate

Signature Proof

  • PAN Card
  • Passport
  • Banker’s verification

Income Proof

  • Pay Slip for the last two months.
  • Bank statement of last two months showing salary credits
  • Employment proof of 1 year (Not required if the date of joining is mentioned in the payslip and work experience is more than one year)

10 Lakh Personal Loan Eligibility Axis bank 

Here are the eligibility criteria for Axis Bank Personal Loan. 

  • The person should be 21 years of age.
  • They should have a stable source of income. The minimum monthly income should be 15,000
  • The maximum age limit to apply for a personal loan is 60 years.

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