Axis Bank personal loan interest rate and EMI calculator
Axis Bank gives personal loans at 9.99% to 22.00% a year. The average rate that it charged in Jul–Sep 2026 was 12.79%. The calculator starts at that average rate. It also shows the processing fee, the annual percentage rate (APR) and the foreclosure charge. Verification date: 27 Oct 2026.
Axis Bank personal loan interest rate and charges
| Interest rate | 9.99% to 22.00% a year (3-year MCLR + 4.65% and more) |
| Average rate charged | 12.79% (Jul–Sep 2026); lowest 8.75%, highest 21.55% |
| Processing fee | Up to 2% of the loan + GST |
| Close early / part-payment | Loan under ₹10 lakh: 3% of the balance up to 36 EMIs, 2% after. Loan of ₹10 lakh or more: nil after 12 EMIs if you close it from your own funds (otherwise 3% up to 36 EMIs, 2% after). |
| Loan amount and tenure | ₹50,000 to ₹50 lakh, 12 to 84 months |
Axis Bank personal loan EMI table
EMI at 12.79% (the average rate that it charged in Jul–Sep 2026). Your EMI is lower if the lender gives you a lower rate.
| Loan | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|---|---|---|---|---|
| ₹1,00,000 | ₹8,922 | ₹4,744 | ₹3,359 | ₹2,672 | ₹2,265 |
| ₹2,00,000 | ₹17,844 | ₹9,489 | ₹6,719 | ₹5,345 | ₹4,529 |
| ₹3,00,000 | ₹26,766 | ₹14,233 | ₹10,078 | ₹8,017 | ₹6,794 |
| ₹5,00,000 | ₹44,609 | ₹23,722 | ₹16,796 | ₹13,362 | ₹11,323 |
| ₹10,00,000 | ₹89,219 | ₹47,443 | ₹33,593 | ₹26,723 | ₹22,646 |
| ₹15,00,000 | ₹1,33,828 | ₹71,165 | ₹50,389 | ₹40,085 | ₹33,969 |
| ₹20,00,000 | ₹1,78,438 | ₹94,886 | ₹67,186 | ₹53,447 | ₹45,291 |
Cost of the rate on ₹5 lakh for 5 years
APR includes the highest processing fee with GST. It shows the full cost of the loan for each year.
| Rate | EMI | Total interest | APR |
|---|---|---|---|
| Lowest rate (9.99%) | ₹10,621 | ₹1,37,264 | 11.03% |
| Average rate, Jul–Sep 2026 (12.79%) | ₹11,323 | ₹1,79,371 | 13.85% |
| Highest rate (22.00%) | ₹13,809 | ₹3,28,567 | 23.17% |
Foreclosure: cost to close the loan
5-year loan at 12.79%. The charge is on the balance that you repay, and you also pay GST.
| Loan | EMIs paid | Balance | Charge |
|---|---|---|---|
| ₹5,00,000 | 12 | ₹4,23,706 | ₹14,999 (3%) |
| ₹5,00,000 | 24 | ₹3,37,061 | ₹11,932 (3%) |
| ₹5,00,000 | 36 | ₹2,38,661 | ₹8,449 (3%) |
| ₹10,00,000 | 12 | ₹8,47,412 | Nil |
| ₹10,00,000 | 24 | ₹6,74,122 | Nil |
| ₹10,00,000 | 36 | ₹4,77,322 | Nil |
Axis Bank and other lenders
The data comes from the site of each lender. If a lender shows the average rate that it charged, that rate is the most accurate guide to the rate that a usual borrower gets.
| Lender | Rate range | Average charged | Processing fee | Close early |
|---|---|---|---|---|
| State Bank of India | 10.00%–15.00% | 11.54% Apr–Jun 2026 | 1.50% (₹1,000–₹15,000) | Not on SBI's rate pages |
| HDFC Bank | 9.99%–24.00% | 10.89% Apr–Jun 2026 | Up to ₹6,500 | 4% / 3% / 2% (by EMIs paid) |
| ICICI Bank | 9.99%–16.50% | 11.60% Jul–Sep 2026 | Up to 2% | 3%; nil after 24 EMIs |
| Axis Bank | 9.99%–22.00% | 12.79% Jul–Sep 2026 | Up to 2% | 3% / 2%; nil for ₹10 lakh+ after 12 EMIs (own funds) |
| Bank of Baroda | 10.40%–18.05% | Not published | Up to 2% (₹1,000–₹10,000) | Nil (floating); fixed: ask |
| Punjab National Bank | 10.50%–16.05% | Not published | 1% + ₹270/₹450 documentation | Nil |
| Canara Bank | 9.95%–15.25% | Not published | 0.50% (₹1,000–₹5,000) | Nil |
| Bajaj Finance | 10.00%–30.50% | Not published | Up to 4.13% (incl. tax) | Up to 4.72% (incl. tax) |
Frequently asked questions
What is the Axis Bank personal loan interest rate?
Axis Bank gives 9.99% to 22.00% a year (3-year MCLR + 4.65% and more). The average rate that it charged in Jul–Sep 2026 was 12.79%. The lender sets your rate from your income, employer, credit score and relationship with the lender.
What is the EMI for a ₹5 lakh Axis Bank personal loan?
At 12.79%, the EMI is ₹11,323 for 5 years and ₹16,796 for 3 years. At the lowest rate of 9.99%, it is ₹10,621 for 5 years.
What is the processing fee for a Axis Bank personal loan?
Up to 2% of the loan. You also pay GST at 18%. On a ₹5 lakh loan, the highest fee with GST is ₹11,800.
Can I prepay a Axis Bank personal loan?
Yes, with no lock-in period. For a loan of less than ₹10 lakh, Axis Bank charges 3% of the balance up to 36 EMIs and 2% after that. For ₹10 lakh or more, there is no charge after 12 EMIs if you close the loan with money that you did not borrow. You also pay GST. The calculator shows the charge for a payment with money that you did not borrow.
Sources
- Axis Bank: Personal Loan interest rates and charges (rates disbursed Jul–Sep 2026). Read on 27 Oct 2026.
Lenders frequently change these rates. We examine them each month. Your sanction letter and Key Facts Statement show the rate and charges that you pay. Use the KFS / APR checker to examine them.