Axis Bank Personal Loan Interest Rate

Axis Bank Personal Loan Interest Rate Highlights

Axis Bank has been the pioneer of the financial services for decades together. The bank has been offering financial services and products to the common man since their inception. One of the best financial products for Axis Bank is the Axis Bank Personal Loan. Axis Bank gives personal loans to customers with a minimum Rate of Interest at 9.90%p. a to a maximum interest rate at 21.55% p.a with the mean rate @12.45%p.a.

Latest Axis Bank Personal Loan Interest Rates (July 2025)

Axis Bank Personal Loan interest ranges between 9.99%p. a to 22%p. a with a competitive margin of 4.65% over 1-year MCLR. This is to ensure you have the lowest personal loans in the market.

The following table lists the interest and other charges that comes along with the Axis Bank Personal Loan.

Key Details You Should Know About Axis Bank Personal Loan Rates

Some pointers that need to be kept in mind while deciding on the Axis Bank Personal Loan Interest Rates. They are:

• Calculating your monthly EMI amount and knowing them beforehand will help you to make financial planning. It is good practice to learn to use the
Axis Bank Personal Loan EMI calculator.
• If you have taken a personal loan with Axis Bank, you have the flexibility to get a zero-balance savings bank account.
• Get to know the exact amount of principal apart from the interest, you will be paying for the Axis Bank Personal loan.
• There is always a difference between fixed and floating rates of interest and how they are calculated.
• Check whether the Axis Bank Personal Loan comes with collateral or not.
• Higher loan amounts up to Rs.40 Lakhs are available for customers. They can be used for weddings, medical emergencies, and very big purchases.

Factors Affecting Axis Bank Personal Loan Interest Rates

There are some factors that are affecting the Axis Bank Personal Loan interest rates. They are:

Income:

Personal loans are considered unsecured loans as there is no collateral attached to the loan. So your income plays a predominant role during loan approval process. Lenders would like to see whether your income can cover the Personal Loan EMI amount. Otherwise, you will be charged a higher rate of interest.

Employment Details:

Working in a secured high paying and a reputed organization will help you to earn personal loan without any hassles. Apart from this if you are an employee of a public sector company or a government employee will help you to negotiate your rate of interest as well.

Credit Score:

Debt-to-Income Ratio:

Your Debt-to-Income (DTI) ratio plays a key role in determining your Axis Bank personal loan interest rate. A high EMI burden compared to your income may lead to higher interest rates, while a low DTI can help you secure better rates.

Axis Bank Personal Loan EMI Calculator

When you have decided to go in for a Personal loan, you know you must bear the cost of the EMI every month. Having the expected EMI cost in mind will help you to make the necessary arrangement for your monthly expenses.

The Personal Loan EMI calculator uses the simple formula to determine the EMI amount of a loan. Generally the personal loan EMI is calculated based on the compound interest formula. This formula is the calculation of interest on the principal amount and accumulated interest. To find out the EMI, you need the loan amount, tenure, and the rate of interest.

EMI Formula = P x r x (1+r)^n/((1+r)^n-1)

Where P stands for Principal

N stands for Number of Years

R stands for Rate of Interest

Say Suppose you have a Personal Loan of Rs.10,00,000 from Axis Bank with the interest rate of 12.25% and a tenure of 8 years, the interest will be calculated in the following manner:

P = 10,00,000

R = 12.25/100 = 0.1225

N = 8 X 12 = 96

According to the formula given P x r x (1+r)^n/((1+r)^n-1) above, the EMI will be calculated as follows:

10,00,000 x 0.1225 x (1 + 0.1225)^96/((1 + 0.1225) ^ 96 – 1)

The EMI comes to Rs. 16,391 approximately.

Tips to Get Lower Interest Rates on Axis personal loan

Personal loans offer a great helping hand in times of contingencies. You can take personal loans for home renovations, higher education, marriage expenses, and so on. The interest rates on personal loans will vary depending on various factors. They are:

Improve Your Credit Score:

If you want a reduced rate on your personal loan always work on aiming at good credit scores. A person showing a good credit score will help you in getting a lower rate of interest.

Salary Account at Axis Bank:

If you have a salary account with Axis Bank, you can negotiate for a better rate of interest. Getting a personal loan from a bank from where the salary account is maintained will help you to earn a lower rate of interest.

Compare Interest Rates Between Financial Institutions:

Compare between various financial institutions in town and get to make advantage of the best competitive rates that are available in the market. You can start finding out from the financial institution where the credit cards, salary accounts or deposits are maintained.

Make use of Seasonal Offers:

Axis Bank always has the trend of giving a lower rate of interest on personal loans during festive time. Keep yourself aware of the holiday seasons and various festive events in order to get a better rate of interest.

Compare Interest Rates and Seasonal Offers:

It is always a good practice to examine the interest rates, terms and conditions that are provided by various banks and financial institutions begore rounding on a single. This will help you to get the best deal possible with regard to personal loan. You can begin your adventure by contacting banks where you currently have credit cards, salary accounts, or deposits.

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given this type of data might change over time, we cannot guarantee that the information supplied or included within it, is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

Axis Bank Personal Loan Interest Rate FAQs