Personal Loan

Whether you want to purchase a new laptop, deal with your credit card debts, pay for a family vacation and all this and more is possible through Personal Loans. a personal loan is an easiest way to meet all your short-term requirements.

A personal loan is an unsecured loan, in other words it does not require a security as collateral (such as a home loan or other secured loan type). Personal loans are therefore very flexible and can be used for a wide variety of purposes, especially when you simply do not have enough money available to cover immediate costs.

With a personal loan, your immediate cash needs are met. Of course it is essential to choose a loan which reflects what you can afford – are the interest rates affordable? Could you land in further debt if you are unable to pay off the loan?

The Money Estate will facilitate you to get the right loan.



  • Age: 23 years - 58 years
  • Net Salary - minimum monthly income ranging from Rs.17,500 - Rs.25,000
  • Total years in job/profession: 2 Years
  • Years in current residence: 1 Year


  • Age: 28 years and 25 years (for doctors); Maximum age - 65 years
  • Minimum Turnover: Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials
  • Minimum Profit After Tax: Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
  • Business Stability: In current business for at least 5 years and minimum 3 years for doctors

Documents Required

  • 2 Passport size photographs
  • Proof of Identity: passport / driving license / voters id / pan card (any one)
  • Proof of residence: leave and license agreement / utility bill (not more than 3 months old) / passport (any one)
  • Latest 3 months Bank Statement (where salary/income is credited)
  • Salary slips for last 3 months
  • KYC Documents: Proof of Identity; Address proof; DOB proof.
  • Proof of Residence: leave and license agreement / utility bill (not more than 3 months old) / passport (any one)
  • Income proof (audited financials for the last two years)
  • Latest 6 months Bank statement
  • Office address proof
  • Proof of residence or office ownership
  • Proof of continuity of business


Before processing a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount . Most banks do not charge for pre-closure of a Personal Loan account.

Yes, you can make a part-prepayment towards your Personal Loan. Currently, Axis Bank levies no charge for part prepayment.

You may repay your Personal Loan in any of the following three ways:

1. Standing Instruction (SI): This mode can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis

Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify.

2. Electronic Clearing Service (ECS): This mode can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.

3. Post-Dated Cheques (PDCs) : You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Center. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.

The Money Estate though recommends you to opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs.

Yes, banks charge a non-refundable processing fee for every Personal Loan application. The processing charge to avail of loan ranges between 1.5% to 2% of the loan amount plus service tax as applicable.

Banks offer a flexible tenure ranging from 12 to 60 months.

You can get a Personal Loan from Rs 50,000- to Rs 15,00,000. Some of the the