Compare Axis Finance vs Axis Bank Personal Loan
Bank |
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Cashe
Axis Finance
|
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
Federal Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Yes Bank
Karur Vysya Bank
Syndicate Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Cashe
|
---|---|---|
Interest Rate | Interest Rate 13.00% - 18.00% |
10.75% - 17.25% |
Processing Fees | Processing Fees 2% |
Rs.4,999 |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 25 Lakh |
₹ 50,000 to ₹ 25 Lakh |
Loan Tenure | Loan Tenure 12 to 60 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,275 |
₹ 2,162 |
Part Payment Charges | Part Payment Charges Allowed after 3 months at Nil Part-Payment Charges |
Allowed after 1 month at 1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2% |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at Nil Foreclosure Charges. 2% if foreclosure is done within the lock-in period |
Allowed after 1 month at For Loan Amt Approved of 10 Lacs and above-- 0% FC charges after 12 EMIs if closure through OWN FUNDS,1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2% |
Eligible Age | Eligible Age 21 to 58 Years |
21 to 60 Years |
Minimum Income | Minimum Income ₹ 25,000 |
₹ 25,000 |
Current Work Experience | Current Work Experience 12 Months |
1 Month |
Total Work Experience | Total Work Experience 24 Months |
12 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.4/5.0 |
4.5/5.0 |
Compare Personal Loan EMI of Axis Finance and Axis Bank
Loan Amount | Axis Finance | Axis Bank |
---|---|---|
₹ 1 Lakh | ₹ 2,275 | ₹ 2,162 |
₹ 5 Lakh | ₹ 11,377 | ₹ 10,809 |
₹ 10 Lakh | ₹ 22,753 | ₹ 21,618 |
₹ 12 Lakh | ₹ 27,304 | ₹ 25,942 |
Which is a better bank for Personal Loan – Axis Bank or Axis Finance?
Axis Bank offers lower Personal Loan EMI at Rs. 2162 for 60 Months compared to Axis Finance with a minimum EMI of Rs. 2275 for 60 Months. In addition, average customer ratings for Axis Bank is currently at 4.5/5.0, making it a good choice for taking a Personal Loan.
How does Axis Bank Personal Loan compare with Axis Finance Personal Loan?
It is important to make a detailed comparison of Axis Bank and Axis Finance on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its 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 a lower interest rate on Personal Loan – Axis Bank or Axis Finance?
As per the current rates, Axis Bank offers a lower interest rate of 10.75% on loans compared to Axis Finance, which offers a Personal Loan at 13.00%.
Know more about Axis Finance Personal Loan
Know more about Axis Bank Personal Loan
Compare Axis Finance Personal Loan With Other Banks
Compare Axis Bank Personal Loan With Other Banks
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The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-12 : Indian Bank Revises Personal Loan Rates
Indian Bank has increased the rates on personal loans, and as a result, the bank offers the lowest rates starting at 8.90% to upto 9.40%. - 2022-05-10 : Canara Bank Hikes Personal Loan Interest Rates
The bank has increased the lowest personal loan rates from 12.40% to 12.80%.
