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Axis Bank vs Bank of Baroda Personal Loan
Axis Bank advertises the lower starting rate (9.99% vs 10.9%). On ₹5 lakh over 3 years that is about ₹7,720 less interest, or ₹214 less per month, at the starting rates.
| Axis Bank | Bank of Baroda | |
|---|---|---|
| Starting interest rate | 9.99% | 10.9% |
| EMI for ₹5 lakh, 3 years | ₹16,131 | ₹16,346 |
| Total interest | ₹80,725 | ₹88,445 |
| Processing fee | Up to 2% of the loan amount plus GST | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Axis Bank official page, checked 2 November 2026.
Source: Bank of Baroda official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Axis Bank or Bank of Baroda personal loan?
Axis Bank advertises the lower starting rate (9.99% vs 10.9%). On ₹5 lakh over 3 years that is about ₹7,720 less interest, or ₹214 less per month, at the starting rates. Your actual rate may differ from the starting rate.