Axis Bank Personal Loan of 4 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
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 straightforward solution for your diverse needs, providing quick access to funds with competitive rates and flexible repayment options. The bank prioritises simplicity and transparency, ensuring a hassle-free experience from application to approval.

Axis Bank’s user-friendly process requires minimal documentation, making it easy for salaried professionals, self-employed individuals, and business owners to secure the funds they need. Axis Bank is committed to its customer’s financial well-being, offering personalised guidance and a seamless borrowing experience. Let’s talk about Axis Bank’s personal loan EMI, loan comparison, documents required, and much more. 

Axis Bank Personal Loan 4 Lakh – Highlights

Take a look at the highlights for Axis Bank Personal Loan 4 Lakh. 

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

Axis Bank 4 Lakh Personal Loan EMI for 1- 5 & 10 Years

The following table will help you know about Axis Bank’s 4 lakh loan EMI for 12 months. 

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  12 months
EMI INR 35,258

Take a quick look at Axis Bank’s 4 lakh personal loan EMI for 2 years.

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  24 months
EMI INR 18,549

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

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  36 months
EMI INR 12,999

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

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  48 months
EMI INR 10,239

Take a look at Axis Bank’s 4 lakh loan EMI for 5 years.

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  60 months
EMI INR 8,596

Here is the basic snapshot of Axis Bank’s 4 lakh loan EMI for 7 years.

Loan Amount  4 Lakh
Interest Rate  10.49%
Tenure  84 months
EMI INR 6,742

Compare 4 Lakh Personal Loan from other Banks & NBFC.

Axis Bank offers competitive rates. Here is a quick comparison of the 4 lakh personal loan of Axis Bank with that of 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 4 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

4 Lakh Personal Loan Documents Required for Axis Bank

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

KYC documents required for the Axis Bank Personal Loan:

  • Passport
  • Voter’s ID
  • Proof of Possession of Aadhaar Number
  • Driving Licence 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 Licence with Photograph
  • Birth Certificate

Signature Proof:

  • PAN Card
  • Passport
  • Banker’s verification

Income Proof:

  • Pay Slip for last 2 months
  • Bank statements 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.)

4 Lakh personal loan eligibility axis bank

Here are the eligibility criteria for the Axis Bank Personal Loan:

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

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Frequently Asked Question (FAQs)

What is the Axis Bank monthly interest on a 4 lakh personal loan?

The monthly interest rate for an Axis Bank 4 lakh personal loan is 10.49%. 

Can I get a 4 lakh personal loan from Axis Bank?

Yes, if you meet the basic eligibility criteria, you can get a 4 lakh personal loan from Axis Bank. 

How do I get a 4 lakh loan without a salary slip at Axis Bank?

You can apply for a 4 lakh personal loan with Axis Bank. Depending on the bank’s policy, if you are qualified, you will be eligible to apply for a loan. 

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

A score above 700 is considered a healthy CIBIL score. 

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