Axis Bank Personal Loan
With affordable interest rates and adjustable repayment terms, Axis Bank offers personal loans. There is little to no paperwork required in order to obtain a loan. Axis Bank with interest rates starting at 10.49%. A maximum loan of Rs.50,000 to 15 Lakhs with a maximum 1 to 5 year repayment period is available to you.
The personal loans offered by Axis Bankhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from Axis Bank start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.
| Interest Rate | 10.49% | |
|---|---|---|
| Maximum Loan | Rs.50,000 to 15 Lakhs | |
| Processing Fees | 2% | |
| Maximum Loan Tenure | 1 to 5 year | |
Loan Disbursal in 3 hrs*
100% Online ProcessA Four-Step Guide to Efficient Financing
Axis Bank Personal Loan EMI Calculator
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Documents required for Axis Bank personal loan
You should have a complete set of documentation on hand before Axis Bank personal loans apply for this credit facility to ensure a smooth financing process. Axis Bank has the right to refuse any loan application, regardless of whether the applicant is salaried or self-employed, if necessary documentation is missing.
With recent images and a signed loan application
Age Proof: Copy of passport, PAN card, voter ID card, photo driver's license with birth date (laminated, current, readable), photo ration card with DOB, employer certificate, ID, school or college diploma
Identity Documents: Passport, PAN Card, Voter ID Card, and Driver's License
address identification documents such as a driver's license, voter identification card, passport, phone bill, electricity bill, and life insurance policy
Income documentation includes a bank statement from the previous six months, an ITR, or a Form 16.
Driving Licence, Passport Copy, or PAN Card as Signature Verification Proof
formally signed loan contract
Post-dated checks (PDCs), security checks, and an ECS form are all necessary for standing instructions (SI) and ECS.
Low interest rates, less paperwork, and quick loan approval are all features of the Axis Bank Personal Loan. A bigger loan amount and flexible tenure options are also provided by the lender, making it easier for borrowers to repay their loans. Your EMI load will also decrease, and the process of getting a loan will go much more smoothly, thanks to the affordable Axis Bank personal loan interest rates and simple repayment alternatives available.
Feature of Axis Bank personal loan
Following are the features of Axis Bank instant personal loan
Cheap interest rates
A number of payment options, including RTGS, NEFT, and ECS.
Little paperwork
Effortless application process
Customers who already have personal loans with other banks but want to transfer them to Axis Bank to lower their EMIs may qualify for special offers.
You can schedule your EMI payments and accomplish comfortable repayment with the use of an EMI calculator.
Advantages of reward points
Your transactions will earn you eDGE loyalty reward points that you may exchange for more than 500 gifts.
If your outlay is less than or equivalent to INR 3,00,000, you will receive 150 points.
Earn 300 points for payments made that total between INR 3,00,000 and INR 5,000,000.
Earn 450 points for payments over INR 5,000.
Process for applying Axis Bank personal loan
Here are the steps that you have to follow for Axis Bank loan apply :
Step 1: make sure your income and work information complies with Axis Bank's guidelines for personal loans.
Step 2: Current Axis Bank clients can use net banking or a mobile application to submit an application for a personal loan.
Step 3: To apply for an Axis Bank personal loan, new customers must either download the application form from the bank's website or go to a branch office.
Step 4: Submit the correctly completed application form, the necessary KYC, address, and income verification documents, together with a cheque for the processing fee.
Step 5: Depending on your eligibility, Axis Bank will review your application and supporting papers before approving a loan amount.
Step 6: If you accept the loan offer, you must sign the loan agreement and set up the standing orders/ECS forms by completing the necessary paperwork.
Step 7: After the first six procedures are finished, Axis Bank will credit the approved loan amount to the associated bank account.
FinCrif Frequently Asked Questions ( FAQ )
What are the limits on my loan?
ANS .Your income and ability to repay a personal loan will determine its maximum amount. Axis Bank often offers personal loans ranging from 60,000 to 15,000 Indian rupees.
Do I need to provide any kind of security?
ANS. Security is not required.
What is the frequency of payments?
ANS . The EMI is the bare minimum monthly payment that you are required to make. There is no prepayment penalty and you are free to pay more than the EMI if you so choose.
Eligibility Criteria for Axis Bank personal loan
Salaried physicians, employees of public and private limited firms, and those working for central and municipal governments can all apply for personal loans from Axis Bank. Knowing your Axis Bank personal loan eligibility is crucial before you apply for one.
At the time they apply for the loan, applicants must be at least 23 years old.
The applicant's age can't exceed 60.
A minimum net monthly income of INR 15,000 is required.
There is a 15 lakh rupee loan cap.
An Indian citizen is required.
A high CIBIL score
