Axis Bank Personal Loan of 3 lakh

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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.
Reviewed By
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.

Axis Bank Personal Loans offer a seamless financial solution for individuals seeking quick and hassle-free access to funds. With a commitment to customer convenience, Axis Bank provides competitive interest rates, flexible repayment tenures, and a straightforward application process. Whether you’re planning a dream vacation, covering medical expenses, or consolidating debts, Axis Bank Personal Loans cater to diverse financial needs. The loan approval is swift, and the disbursal process is efficient, ensuring that you can meet your financial requirements without unnecessary delays. Today, we will discuss Axis Bank’s personal loan of 3 lakh, EMI, interest rates, and more. 

Axis Bank Personal Loan 3 Lakh – Highlights

Take a look at the highlights for Axis Bank Personal Loan 3 lakh. 

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

Axis Bank 3 Lakh Personal Loan EMI for 1- 5 & 10 Years

Following is a quick snapshot of Axis Bank’s 3 lakh personal loan EMI for 1 year.  

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  12 months
EMI INR 26,443

Here is a basic snapshot of Axis Bank’s 3 lakh personal loan EMI for 2 years. 

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  24 months
EMI INR 13,911

Take a look at Axis Bank’s 3 lakh personal loan EMI for 3 years. 

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  36 months
EMI INR 9,749

Here’s a look at the Axis Bank’s 3 lakh loan EMI for 4 years. 

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  48 months
EMI INR 7,680

Take a look at Axis Bank’s 3 lakh personal loan EMI for 5 years. 

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  60 months
EMI INR 6,447

Here is the basic snapshot of Axis Bank’s 3 lakh loan EMI for 7 years. 

Loan Amount  3 Lakh
Interest Rate  10.49%
Tenure  84 months
EMI INR 5,057

Compare 3 Lakh Personal Loan from other Banks & NBFC.

Take a look at the comparison of the 3 lakh personal loan of Axis Bank with other banks and 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 3 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

3 Lakh Axis Bank Personal Loan – Documents Required

If you want to apply for an Axis Bank personal loan, the following documents will be required.

Following are the KYC documents required for an Axis Bank personal loan. 

  • Passport
  • Voter’s ID
  • Proof of Possession of Aadhaar Number
  • Driving Licence with Photograph
  • Job Card by NREGA, signed by a state government officer
  • A letter issued by National Population Register with details of name and address

Proof of Date of Birth (any one):

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

Signature Proof: 

  • PAN Card
  • Passport
  • Banker’s verification

Income Proof: 

  • Pay Slip for last 2 months
  • Bank statement for the last 2 months showing salary credits
  • Employment proof of 1 year (It is not required if the date of joining is mentioned in the payslip and work experience is more than 1 year.)

3 Lakh Axis Bank Personal Loan – Eligibility Criteria

Here is the eligibility criteria for Axis Bank personal loan. 

  • The person should be at least 21 years of age
  • He or she should have a stable source of income. His or her minimum monthly income should be 15,000
  • The maximum age limit to apply for a personal loan is 60 years

Personal Loan By Banks

Frequently Asked Question (FAQs)

What is the Axis Bank monthly interest on a 3 lakh personal loan?

The monthly interest rate for an Axis Bank 3 lakh personal loan starts at 10.49%.

Can I get a 3 lakh personal loan from Axis Bank?

Yes, if you can meet the basic eligibility criteria, you can get a 3 lakh personal loan from Axis Bank.

How do I get a 3 lakh loan without a salary slip at Axis Bank?

Yes, you can apply for a 3 lakh personal loan with Axis Bank. It will also depend on the bank’s policy.

What is the CIBIL score for personal loans at Axis Bank?

A score above 700 is considered a healthy CIBIL score.

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