Axis Bank Personal Loan of 6 lakh

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Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
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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.

Sometimes, it becomes difficult to tick out things on our bucket list due to a shortage of funds at some point in time. Axis Bank 24×7 personal loans grants quick loans up to 25 lakhs at attractive interest rates that you can’t ignore. Depending upon your requirements, you can easily apply for an instant 6 lakh loan from Axis Bank seamlessly and paperlessly. In addition, based on your eligibility, the applicants can avail up to 40  lakhs of personal loans.. 

Use the Urban Money website to get the best deals and manage your finances conveniently. Learn more about the charges and interest rates for 6 lakh personal loan EMI.

Axis Bank Personal Loan 6 Lakh – Highlights

Below we have highlighted all the significant features of Axis Bank’s personal loan of 6 lakh that one should know before applying. Let’s take a look:

Feature Details
Loan Amount Up to Rs. 40 lakhs
6 Lakh Loan Interest Rate Starting from 10.49% p.a.
Tenure 12 to 84 months
Processing Fee Up to 2% of the loan amount
Prepayment Charges Nil for loans up to 36 months; 2% for loans above 36 months

Axis Bank 6 Lakh Personal Loan EMI for 1- 7 Years

Here is the breakout of EMI and total interest payable for the instant 6 lakh loan by Axis Bank for the tenure of 84 months:

Tenure EMI Interest Rate Interest Amount
1 Year Rs. 52,886 10.49% 34,636
2 Years Rs. 27,823 10.49% 67,748
3 Years Rs. 19,499 10.49% 1,37,238
4 Years Rs. 15,359 10.49% 1,14,369
5 Years Rs. 12,893 10.49% 1,73,602
6 Years Rs. 11,264 10.49% 2,11,032
7 Years Rs. 10,113 10.49% 2,49,515

Compare 6 Lakh Personal Loan from other Banks & NBFC. 

The following table shows the interest rates offered by instant 6 lakh loan by Axis Bank And various other Banks and NBFCs so that you can make a detailed comparison. 

Bank/NBFC Interest Rate
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
L&T Finance 12.00% Onwards
Kreditbee 12.25% Onwards
MoneyTap 12.96% Onwards

Axis Bank Personal Loan 6 Lakh – Fees & Charges

Let’s take a look at the fee and charges of Axis Bank personal loan of 6 lakh:

Fee Amount
Processing Fee Up to 2% of the loan amount
Swap charges INR 500 per instance + GST
Documentation Fee Rs. 500
Foreclosure Charges Nil for loans up to 36 months; 2% for loans above 36 months
Prepayment Charges  5% + GST
Instrument return Fee INR 339 per instance + GST
Penal interest 24% per annum
Duplicate Issuance Charges INR 250 per instance + GST

6 Lakh Axis Bank Personal Loan – Documents Required

For approval, you need to submit the following documents to apply for a 6 lakh personal loan from Axis Bank:

  • Identity Proof – A copy of passport/Voter ID/Aadhaar Card as proof of identity
  • Address Proof– A copy of the Rent Agreement/Utility Bills (For the past 3 months only)
  • Income Proof– Pay slips of the latest 2 months/Form 16 for salaried individuals; Business income proof for self-employed individuals of the past 1 year.
  • Bank Statements– The latest six months’ financial statements
  • Others– Completely filled form of loan application and signed agreement/ECS forms

Please note that the above documents list may vary, and further documents can be asked for based on the type of loan and property you are applying for. 

6 Lakh Axis Bank Personal Loan – Eligibility Criteria

Check the 6 lakh personal loan eligibility criteria by Axis Bank below:

  • Age – The applicant must be between 21 and 60 years old to qualify for the instant 6 lakh loan from Axis Bank. 
  • Income – The minimum monthly income of the applicant to apply for a 6 Lakh Axis Bank Personal loan should be Rs. 15000.  
  • Nationality – He/She must be an Indian resident. 
  • Employment Status – He/She must have an employment expertise of at least 3 Years.

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Frequently Asked Question (FAQs)

What is the Axis Bank monthly interest on a 6 lakh personal loan?

The monthly interest rate for an Axis Bank 6 Lakh personal loan starts from 10.49%.

Can I get a 6 lakh personal loan from Axis Bank?

Yes, anyone can get a 6 lakh personal loan from Axis Bank if they meet the basic eligibility criteria set by the Bank.

How do you get a 6 lakh loan without a salary slip in Axis Bank?

If you are self-employed, you can apply for a 6 lakh personal loan by Axis Bank without a salary slip by providing alternative income proof, depending upon a bank’s policy.

What is the CIBIL score for a 6 lakh personal loan for Axis Bank?

A CIBIL score of 750 or above for a personal loan of 6 lakh by Axis Bank is considered good.

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