Axis Bank Personal Loan Interest Rates In India
The bank levies a processing fee between 1 5 to 2 for personal loans.
Axis bank personal loan interest rates in india. And your loan tenure is 2 years your emi will be calculated as under. So say you are applying for a personal loan from axis bank amounting to rs 2 00 000 at a rate of interest of 15 5 p a. However the interest rate may vary from customer to customer depending on certain factors customer s including credit profile and relationship with the bank to name a few.
Also you can transfer your existing high interest personal loan to. How does my income determine my interest rate. Axis bank personal loan interest rate axis bank personal loans are based on the 1 year marginal cost of lending rate 1 year mclr which is an internal benchmark of axis bank.
Here are the interest rates for personal loans with tenures of up to 36 months. Axis bank personal loan interest rates january 2021. 15 00 000 with minimal documentation and attractive interest rates.
Other than this the lender also offers higher loan amount and flexible tenure options hence making it more convenient for the people to repay the loan. Emi 200000 0 0129 1 0 0129 24 rs 9 745 1 0 0129 24 1. Axis bank s loans are more expensive than the average personal loan in india as it charges interest rates of 12 00 24 00 while its competitors charge about 8 00 to 30 00.
Axis bank personal loan comes with a low interest rate minimal documentation and fastest loan approval. For these reasons it is best to view axis s loans as backup options to more affordable. 50 000 up to rs.
Your income denotes your capacity to repay a loan. And the tenure of the loan is 15 years your emi will be calculated as under assuming a 1 processing fee. Avail a personal loan starting from rs.
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