Axis Bank Personal Loan Foreclosure Charges (2026)
Axis Bank's published personal-loan schedule is conditional: charges vary with the disbursed amount, paid EMIs, and source of funds. It also lists an annual part-payment allowance after 12 paid EMIs. The fee table below summarizes the published slabs; get a dated quote for your account and confirm the current channel before paying.
Axis Bank personal loan foreclosure charges at a glance
| Foreclosure charge | Conditional: 0–3% based on disbursed amount, paid EMIs, and source of funds; GST extra |
|---|---|
| Part-prepayment | After 12 paid EMIs, up to 25% of principal outstanding may be prepaid in a year without a charge; the schedule requires a 12-paid-EMI gap between such payments. Other part-payments are charged by the applicable paid-EMI slab: 3% up to 36 EMIs and 2% after 36 EMIs. GST extra. |
| Lock-in / when allowed | The published schedule lists no lock-in for part-payment or foreclosure; the fee depends on disbursed amount, paid EMIs, and for loans of ₹10 lakh or more, the source of funds. |
| Official fee schedule | Axis Bank Personal Loan — Fees & Charges · verified 2026-10-06 |
Charge breakdown
- Disbursed amount below ₹10 lakh: 3% of outstanding principal up to 36 paid EMIs; 2% after 36 paid EMIs.
- Disbursed amount of ₹10 lakh or more: with own funds, 3% up to 12 paid EMIs and nil after 12 paid EMIs.
- Disbursed amount of ₹10 lakh or more: with funds other than own funds, 3% up to 36 paid EMIs and 2% after 36 paid EMIs.
- GST applies to the charge. Check the current schedule and your sanction terms for definitions and eligibility.
Check the current RBI rule for your lender[RBI Master Directions index]
RBI prepayment-charge instructions are set out in lender-category-specific Master Directions. For covered floating-rate loans to individuals for non-business purposes, charge eligibility depends on the applicable direction, loan dates, and rate type on the prepayment date. Check the direction for your lender and your loan documents.
The standalone RBI prepayment notification issued in 2025 has been withdrawn. Prepayment-charge instructions are set out in lender-category-specific Master Directions. Find the direction for your lender and check its scope against the sanction or renewal date, borrower type, loan purpose, rate type, and loan documents.
Waivers & exceptions
- Loans of ₹10 lakh or more: the published schedule lists nil foreclosure charge after 12 paid EMIs when paid from own funds.
- The schedule applies different slabs when funds are from another source; check how Axis classifies your payment.
- Confirm exact amounts and definitions in your sanction letter and current fee schedule.
How to foreclose a Axis Bank personal loan
Request a dated foreclosure quote through Axis’s current loan-servicing channel, confirm the applicable fee and funds classification, and collect written closure confirmation after payment.
How to compare a foreclosure quote
Request the lender's dated closure quote and compare it with the future payments under your current schedule. A simple estimate is (scheduled EMI × remaining payments) − current principal, but it assumes the EMI and rate stay unchanged and excludes other fees or insurance. Include all quoted charges and taxes, and consider the value of keeping the cash available. This arithmetic is a screening estimate, not a substitute for the lender's settlement figure.
Worked example
Suppose 12 scheduled EMIs of ₹45,000 remain. Those payments total ₹5,40,000. If the lender's dated closure quote, including applicable charges and taxes, is ₹5,10,000, the nominal cash outflow difference is ₹30,000.
This is only a screening comparison: it does not account for the time value of cash, insurance refunds, or other costs that are not included in the quote.
Related tools & guides
Sources & References
Legal basis: RBI (Pre-payment Charges on Loans) Directions, 2025 (issued 2 July 2025, applicable to loans sanctioned or renewed on or after 1 January 2026); individual bank fee schedules as published.
Official sources
Last verified against official sources: July 2026. Figures are researched from the government sources above and checked before publishing. See our Editorial & Verification Policy.
This page is for informational and educational purposes only. Charges are researched from the lender's published fee schedule and can change at the lender's discretion — always confirm against your sanction letter and the bank's current schedule before acting. This is not financial advice.
Frequently Asked Questions
What is Axis Bank's personal loan foreclosure charge?
The published schedule varies by disbursed amount, number of paid EMIs, and source of funds. Loans below ₹10 lakh have a 3% charge up to 36 paid EMIs and 2% after. Loans of ₹10 lakh or more have different slabs for own funds and other funds. GST applies; confirm the applicable schedule for your account.
Does Axis Bank charge for part-prepayment of a personal loan?
After 12 paid EMIs, the schedule allows up to 25% of principal outstanding in a year without charge, with a 12-paid-EMI gap between such payments. Other part-payments may be charged under the published slabs. Check your sanction terms and current schedule.
How do I foreclose an Axis Bank personal loan?
Request a dated foreclosure quote through Axis's current loan-servicing channel, confirm the amount and any charge, pay the quoted amount, and keep written closure confirmation.
Why do other banks charge foreclosure fees when Axis Bank doesn't?
RBI prepayment-charge instructions are set out in lender-category-specific Master Directions. Check the current direction for your lender, including how it treats loan dates, purpose, and the rate type on the payment date. Other cases follow applicable rules and contract terms.