Compare Personal Loan - Axis Bank vs Bank of Maharashtra
Bank |
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Andhra Bank
Allahabad Bank
Federal Bank
Karur Vysya Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Axis Finance
|
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Syndicate Bank
Andhra Bank
Allahabad Bank
Federal Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Karur Vysya Bank
Axis Finance
|
---|---|---|
Parameters | ||
Interest Rate | Interest Rate 10.49% - 16.75% |
10.85% - 11.85% |
Processing Fees | Processing Fees Upto 1.75%,Min Rs.4,999 |
1.00%, Min Rs. 1,000 |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 25 Lakh |
₹ 50,000 to ₹ 10 Lakh |
Loan Tenure | Loan Tenure 12 to 60 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,149 |
₹ 2,167 |
Part Payment Charges | Part Payment Charges Allowed after 1 month at 1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2% |
Not Allowed |
Foreclosure Charges | Foreclosure Charges Allowed after 1 month at 1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2% |
Allowed after 1 month at Nil prepayment charges |
Borrower’s Age | Borrower’s Age 21 to 60 Years |
21 to 60 Years |
Minimum Income | Minimum Income ₹ 25,000 |
₹ 20,000 |
Current Work Experience | Current Work Experience 1 Month |
12 Months |
Total Work Experience | Total Work Experience 12 Months |
36 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.4/5.0 |
4.4/5.0 |
Compare EMI of Axis Bank and Bank of Maharashtra Personal Loan
Loan Amount | Axis Bank | Bank of Maharashtra |
---|---|---|
₹ 1 Lakh | ₹ 12,482 | ₹ 12,165 |
₹ 5 Lakh | ₹ 62,408 | ₹ 60,823 |
₹ 10 Lakh | ₹ 1,24,816 | ₹ 1,21,647 |
₹ 12 Lakh | ₹ 1,49,779 | ₹ 1,45,976 |
Which is a better bank for Personal Loan – Axis Bank or Bank of Maharashtra?
Axis Bank offers lower Personal Loan EMI at 2149 on a Personal Loan for 60 Months as compared to Bank of Maharashtra with a minimum EMI of 2167 for 60 Months. Average customer ratings for Axis Bank is currently at 4.4/5.0 which makes it a good choice for taking a Personal Loan.
How does Axis Bank Personal Loan compare with Bank of Maharashtra Personal Loan?
It is important to do a detailed comparison of Axis Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:
Which bank offers lower interest rate on Personal Loan – Axis Bank or Bank of Maharashtra?
As per the current rates, Axis Bank offers a lower interest rate of 10.49% on Personal Loan when compared to Bank of Maharashtra which offers a Personal Loan at 10.85%.
How can I transfer my Personal Loan from Axis Bank to Bank of Maharashtra?
You can transfer your Personal Loan from Axis Bank to Bank of Maharashtra with a Personal Loan balance transfer. For this, you need to follow a specific procedure that involves clearing off dues, getting a NOC, application to a new bank, getting approval, etc. The Personal Loan balance transfer is an excellent way to reduce the loan burden as you can switch to a lower Personal Loan interest rate.
How can I choose the best bank for Personal Loan?
You can choose the best bank for a Personal Loan by making a detailed comparison between top lenders on the basis of interest rates, processing fee or Personal Loan offers. Apart from that, you can visit online marketplaces like MyLoanCare to choose the best Personal Loan offer. Here, you will get the option of choosing the best bank amongst the shortlisted ones based on your loan requirement.
Which type of Personal Loan is the cheapest?
The cheapest Personal Loan is the one that is offered at the lowest Personal Loan interest rates. This is because the lowest Personal Loan interest rates mean the lowest EMI, as the interest charged will be less. Thus, these loans can be attained with the least repayment burden. Currently, Axis Bank offers the cheapest Personal Loan at 10.49%.
How do I check my eligibility for Axis Bank and Bank of Maharashtra Personal Loan?
You can check your eligibility for Axis Bank, Bank of Maharashtra and Personal Loan by using MyLoanCare Personal Loan eligibility calculator. You have to enter details like required loan amount, occupation, salary, current obligations, work experience etc to check the amount of loan you are eligible for. You can apply loan for the eligible amount to repay the EMI you can comfortably service.
Know all about Personal Loan
- Personal Loan Apply Online
- Personal Loan Interest Rates
- Personal Loan EMI Calculator
- Personal Loan Eligibility Calculator
- Personal Loan Apps
- Personal Loan for Self Employed
- Personal Loan for Government Employees
- Tax Benefit on Personal Loan
- Marriage Loan
- Travel, Vacation Loan
- Instant Personal Loan
- Personal Loan Documents
- Personal Loan Balance Transfer
- Debt Consolidation Loan
- Consumer Durable Loan
- Line of Credit
- Pre-Approved Loan
Know more about Axis Bank Personal Loan
Know more about Bank of Maharashtra Personal Loan
Compare Axis Bank Personal Loan With Other Banks
Compare Bank of Maharashtra Personal Loan With Other Banks
- 2021-03-03 : Fullerton India made personal loan disbursal quicker
Fullerton India now offers instant personal loans within just a few clicks.The digital application and paperless process allow customers to avail a personal loan from Fullerton India anywhere, anytime.Fullerton offers personal loans of up to Rs 25 lakhs starting at an attractive interest rate of 11.99% - 2021-03-02 : Banks credit rose by 6.58% and deposits by 11.75%
Reserve Bank of India reported that the Bank credit which involves home, personal, LAP, two-wheeler, gold and education loans along with business and mudra loans grew by 6.58% to Rs 107.04 lakh crore in the fortnight ended February 12. Further, deposits which include FDs and RDs increased by 11.75% to Rs 147.81 lakh crore. - 2021-02-26 : IRDAI gives approval for Axis Entities-Max Life Insurance deal
The Insurance Regulatory and Development Authority of India has given its approval to acquire up to 12% stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital and Axis Securities. The IRDAI approval was an important venture transaction that was first announced in April 2020 - 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion. - 2021-02-26 : Canara Bank organized Mega Retail Expo in Mumbai
Canara bank organized a mega retail expo camp at Gala Auditorium, Patuck Campus in Santacruz (East). The retailers present at the expo displayed salient features of their products which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan. A total loan amount of Rs. 224.30 Crores were sanctioned through the expo.

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