Around 30 seconds to a decision when Axis already banks you
Figures published by Axis Bank as of 3rd August 2026. Indicative, not an offer.
Axis Bank lends between ₹50,000 and ₹40 lakh for terms of six months to six years, and prices the loan from 9.99% p.a. for salaried applicants who already hold an Axis account. The bank runs a pre-qualified journey for those customers: the offer is computed from the salary credits it can already see, so a decision lands in roughly thirty seconds and the paperwork is limited to a signature.
Applicants new to the bank go through a full assessment instead and need a net monthly income of at least ₹25,000, against ₹15,000 for existing customers. Disbursal typically takes three to five working days once the file is complete.
The 9.99% rate is a partner-channel rate for salaried applicants with a strong bureau record. Axis prices each file on income, employer category and repayment history.
| Product or borrower segment | Interest rate |
|---|---|
| Salaried, existing Axis Bank customer | 9.99% p.a. onwards |
| Salaried, new to Axis Bank | 10.75% p.a. onwards |
| 24x7 pre-approved instant loan | 10.49% p.a. onwards |
| Balance transfer from another lender | 10.25% p.a. onwards |
Opens at 9.99% p.a., the lowest rate Axis Bank publishes. Raise it to see what a weaker bureau score would cost you.
Reducing-balance interest, the same basis the lender quotes on. The interest figure is what the loan adds to the amount you borrow.
Early instalments are mostly interest. The principal only starts falling quickly in the closing years, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|
Axis salary-account holders see a sanctioned amount and rate computed from their own credit history, with no documents to upload.
A shorter floor than most banks, which suits a borrower who wants to clear a one-off expense quickly rather than stretch the interest.
An existing high-rate personal loan elsewhere can be moved across, with the remaining tenure reset to whatever fits the new EMI.
Unsecured throughout, and Axis does not ask what the money is for beyond a declared purpose on the application.
Processing and foreclosure charges routinely outweigh a small difference in rate. Read these against the rate table above.
Meeting these is what gets the file assessed. Where you land inside the rate band is decided separately, by your bureau record.
Every rate you check and every offer you compare credits coins to your wallet, and they convert 1:1 into rupees.
Seeing the offer does not. Axis uses its own record of your account for that. A hard bureau enquiry is only raised once you formally submit the application.
Part-prepayment is allowed after twelve EMIs. A full foreclosure carries a charge of 2% to 5% of the principal still outstanding, so the saving is worth checking against the fee first.
It is the ceiling rather than the norm. In practice the sanction lands wherever an EMI capped at roughly half your take-home pay can service, so a ₹40 lakh loan needs an income well into six figures a month.
10.00% - 30.00%
Up to ₹55 lakh · fee Up to 3.93%
Read the terms →12.00% - 22.50%
Up to ₹25 lakh · fee Up to 2%
Read the terms →9.99% onwards
Up to ₹50 lakh · fee Up to ₹6,500
Read the terms →9.99% onwards
Up to ₹50 lakh · fee Up to 2%
Read the terms →