Axis Bank Instant Loan Review
Personal loan from Axis Bank with competitive rates starting at 9.50% p.a. and amounts up to Rs 40 lakh.
BANKRBI RegulatedSelf-Employed OK
Quick Facts
₹40L
Max Loan
9.50% – 21.55% p.a.
Interest Rate
Same day for pre-approved customers
Disbursal
12 – 84 months
Tenure
1.5% – 2% of loan amount
Processing Fee
Not specified
Min Income
Loan Details & Charges
Loan Amount Rs 50,000 – Rs 40,00,000
Interest Rate 9.50% – 21.55% p.a.
Tenure 12 – 84 months
Processing Fee 1.5% – 2% of loan amount
Late Payment 2% per month on overdue EMI
Prepayment Up to 5% on principal outstanding
Foreclosure Up to 5% of principal outstanding after 12 months
Bounce Charges Rs 500 per bounce
Eligibility Criteria
Age 21-60 years
Min Income Not specified
Employment salaried, self-employed
Documents PAN Card, Aadhaar Card, Salary slips (3 months), Bank statements (6 months)
Our Verdict
Axis Bank Instant Loan is a solid option in the instant loan space.