Axis Bank personal loan interest rate and EMI calculator
Axis Bank's personal loan for salaried people, from ₹50,000 to ₹50 lakh over up to 7 years at a fixed 8.90% to 21.55% a year, with free part payments of up to 25% a year after 12 EMIs.
- 8.9% to 21.55% a year
- ₹50,000 to ₹50 lakh
- Up to 7 years
We don't arrange Axis Bank loans. These figures are from Axis Bank's own pages, for comparison; apply on Axis Bank's own website or branch.
Rates and charges
- Interest rate
- 8.9% to 21.55% a year
- Other published rates
- Fixed rate of 8.90% to 21.55% a year: Axis Bank's 3-year MCLR (8.90%) plus a spread of 0% to 12.65%, with no reset, per its rate table (October 2026). Axis advertises the loan as starting from 9.99%, and the text on the same page gives a range of 9.99% to 22%. Loans given in Apr–Jun 2026 ranged from 8.75% to 21.55% (average 13.07%). No separate rate is published for government employees. Loans taken through sourcing partners or loan service providers may have different rates and features.
- Processing fee
- Up to 2% of the loan + GST
- Loan amount
- ₹50,000 to ₹50 lakh
- Tenure
- Up to 7 years
- Closing early
- Charged on the principal still owed, + GST. Loans under ₹10 lakh: 3% until 36 EMIs are paid, 2% after. Loans of ₹10 lakh or more: nothing if you close with your own money after 12 EMIs (3% before that); 3% or 2% as above if you close with borrowed money. No lock-in period. Cancelling more than 3 days after disbursal counts as foreclosure.
- Part-prepayment
- Free for up to 25% of the principal owed each year after 12 EMIs, with at least 12 EMIs between part payments. Otherwise 3% of the amount prepaid until 36 EMIs are paid and 2% after, + GST. No lock-in period.
- Who can apply
- Salaried
- Minimum income
- ₹15,000 a month
- Age
- 21 years or older, and no more than 60 when the loan ends
Axis Bank personal loan EMI calculator
Prefilled with Axis Bank's lowest published rate and its highest published processing fee (2%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹15,877
- Total interest
- ₹71,558
- Processing fee + 18% GST
- ₹11,800
- Total cost of the loan
- ₹83,358
- Effective annual cost
- 10.54%
- Money in hand
- ₹4,88,200
- You pay back in 3 yr
- ₹5,83,358
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months | ₹43,703 | ₹24,431 | ₹36,231 | 13.43% |
| 24 months | ₹22,819 | ₹47,666 | ₹59,466 | 11.29% |
| 36 months (yours) | ₹15,877 | ₹71,558 | ₹83,358 | 10.54% |
| 48 months | ₹12,419 | ₹96,102 | ₹1,07,902 | 10.16% |
| 60 months | ₹10,355 | ₹1,21,296 | ₹1,33,096 | 9.93% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Lenders you can apply to through us
The lowest published starting rates among the lenders we compare. We may earn a commission from these.
- IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
- InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.
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Questions people ask
What is the Axis Bank personal loan interest rate?
Axis Bank publishes 8.9% to 21.55% a year. Fixed rate of 8.90% to 21.55% a year: Axis Bank's 3-year MCLR (8.90%) plus a spread of 0% to 12.65%, with no reset, per its rate table (October 2026). Axis advertises the loan as starting from 9.99%, and the text on the same page gives a range of 9.99% to 22%. Loans given in Apr–Jun 2026 ranged from 8.75% to 21.55% (average 13.07%). No separate rate is published for government employees. Loans taken through sourcing partners or loan service providers may have different rates and features. The rate you're offered depends on your credit score, income and employer.
What is the EMI on a ₹5 lakh Axis Bank personal loan?
At Axis Bank's lowest published rate of 8.9%, about ₹15,877 a month over 36 months; at 21.55%, about ₹18,979. Use the calculator above for your own amount and tenure.
What is Axis Bank's personal loan processing fee?
Up to 2% of the loan + GST. GST at 18% is added to the fee.
Can I close a Axis Bank personal loan early?
Closing early: Charged on the principal still owed, + GST. Loans under ₹10 lakh: 3% until 36 EMIs are paid, 2% after. Loans of ₹10 lakh or more: nothing if you close with your own money after 12 EMIs (3% before that); 3% or 2% as above if you close with borrowed money. No lock-in period. Cancelling more than 3 days after disbursal counts as foreclosure. Part-prepayment: Free for up to 25% of the principal owed each year after 12 EMIs, with at least 12 EMIs between part payments. Otherwise 3% of the amount prepaid until 36 EMIs are paid and 2% after, + GST. No lock-in period.
Can I apply for a Axis Bank personal loan through CreditParakh?
No. We don't arrange Axis Bank loans; apply on Axis Bank's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Big banks' personal loan ratesSBI, HDFC, ICICI and others side by side
- Processing fees and foreclosure chargesEvery lender's charges in rupees
Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.
Source (Axis Bank's own page, not linked because we don't arrange its loans): https://www.axis.bank.in/loans/personal-loan/interest-rates-charges. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.