Axis Bank Personal Loan Interest Rates

• A balance transfer option is offered for consumers who desire to pay off higher-cost debt.
• Loans are offered based on the repayment history of any existing Auto Loan, Personal Loan, or Home Loan.
• Personal Loan customers can open a zero-balance SB account.
• A simple approach, minimum paperwork, and rapid approval.

Here is the table for the Axis Personal loan interest rate-

Before opting to borrow from a specific financial institution, you should consider various expenses in addition to the personal loan interest of Axis Bank-

• Processing Fee: The processing charge is non-refundable. It is collected by the bank at the start of the loan disbursement or as part of the EMI. The processing fee is 1.75% of the principal amount plus applicable taxes.
  
  
• Foreclosure Charges: After paying the first EMI, you can completely pay off the outstanding balance. Preclosure is permitted when the first EMI is paid, and there are no fees associated with it. When you have the extra money in hand - you can save money on your loan by foreclosing.
  
  
• Part Payment Charges: After paying the first EMI, you can prepay a portion of the outstanding balance. A reduction in the principal amount will also result in a reduction in the interest payment. There are no fees for part payment.
  
  
• Additional Fees: Once the loan is approved, the bank will offer a statement of charges as well as the applicable rate of interest. Some of the fees are for loan cancellation, EMI cheque bounce, late payment, and so on.

• Age range: 21 to 58 years.
• Permanent personnel of the state/central government, public sector undertakings, corporations, private sector firms, and reputable establishments.
• Salaried/self-employed with a steady income
• Number of years in current job/business/profession: up to three years

• Photographs of the completed and signed personal loan application form
• A passport, voter ID card, driving license, PAN card, Aadhar card, or government department ID card are all acceptable forms of identification.
• Bank account statement, most recent electricity bill, most recent mobile/telephone bill, most recent credit card statement, most recent house lease agreement.
• Proof of income – most recent wage slip with all deductions or Form 16 with most recent salary certificate.
• Income Tax Returns from the prior two years as proof of income.
• Bank statement or also the bank passbook with entries from the previous six months.

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