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Axis Bank vs ICICI Bank Personal Loan
Axis Bank and ICICI Bank advertise the same starting rate.
| Axis Bank | ICICI Bank | |
|---|---|---|
| Starting interest rate | 9.99% | 9.99% |
| EMI for ₹5 lakh, 3 years | ₹16,131 | ₹16,131 |
| Total interest | ₹80,725 | ₹80,725 |
| Processing fee | Up to 2% of the loan amount plus GST | Up to 2% of the loan amount, plus applicable taxes |
| Prepayment | Not stated | Zero foreclosure charges after 24 EMIs |
| Maximum tenure | - | 7 years |
Source: Axis Bank official page, checked 2 November 2026.
Source: ICICI Bank official page, checked 1 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 ICICI Bank personal loan?
Axis Bank and ICICI Bank advertise the same starting rate. Your actual rate may differ from the starting rate.