Axis Bank vs HDFC Bank Personal Loan: Which Is Better?

Key facts: Axis Bank vs HDFC Bank personal loan

• Starting rate: Axis Bank 9.99%, HDFC Bank 9.99%. This is the lowest rate each loan provider advertises for a personal loan, not the rate everyone is offered.
• Gap between starting rates: None. All of them publish the same starting rate.
• Type of loan provider: Axis Bank is a private bank; HDFC Bank is a private bank. Banks and NBFCs price floating rates differently.
• Official websites: axis.bank.in, hdfc.bank.in.
• Pages checked: 3 official pages opened for this loan type.
• Loan types with a published rate: Axis Bank 4, HDFC Bank 4 (out of 8 we track).
• EMI on ₹5 lakh over 5 years: Axis Bank ₹10,621, HDFC Bank ₹10,621 a month, at each starting rate.
• Total interest on the same loan: Axis Bank ₹1,37,264, HDFC Bank ₹1,37,264.
• Last checked: 12 October 2026, on each loan provider's own website.

Axis Bank vs HDFC Bank personal loan: rate, fees and tenure

Starting personal loan rates as published: Axis Bank from 9.99% and HDFC Bank from 9.99%. The starting rates match, so processing fees, tenure, prepayment terms and your own credit profile decide which costs less.

EMI illustration: ₹5 lakh over 5 years

Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.

Read the full guide: Personal loan

Axis Bank vs HDFC Bank personal loan EMI by amount and tenure

Monthly EMI at each loan provider's lowest published rate, on a reducing balance. Fees, GST and insurance are not included, and your offered rate may be higher.

By loan amount, over 5 years

By tenure, on ₹5 lakh

A longer tenure lowers the EMI and raises the total interest. Pick the shortest tenure your monthly budget can carry.

What each loan provider publishes about its personal loan

Before you apply for a personal loan

• Processing fee: Charged upfront, usually as a percentage of the loan plus GST. Ask for the amount in rupees and check whether it is cut from the money you receive.
• Fixed or floating: Most personal loans carry a fixed rate. If yours is fixed, ask what the foreclosure charge is before you borrow.
• Credit score: Your score decides where you land between the starting rate and the top of the range. A lower score can push the offer well above the advertised rate.
• Insurance and add-ons: Loan insurance and other bundled products are usually optional. Ask for them to be removed if you do not want them.

RBI requires every loan provider to hand you a Key Fact Statement before you sign. It shows the rate, every fee, the APR and the total you will repay.

Terms used on this page

Plain meanings of the terms this comparison uses.

Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.

APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.

Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.

Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.

Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.

Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.

Sources and last check

Every figure above is read from the loan provider's own website and was checked on 12 October 2026. A blank means the page does not show that figure, and we never estimate one.

• Axis Bank: axis.bank.in/loans/personal-loan axis.bank.in/loans/personal-loan/interest-rates-charges
• HDFC Bank: hdfc.bank.in/personal-loan

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Axis Bank vs HDFC Bank: every loan type on one page · All personal loan comparisons · Personal loan guide · Personal loan EMI calculator

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