Apply Online for Axis Finance Personal Loan
Apply online for an Axis Finance and experience quick, hassle-free approval with minimal documentation. Axis Finance is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.
- Interest Rate 13.0% onwards
- Maximum Loan ₹ 15 lacs
- Processing Fees 2%
- Maximum Loan Tenure 0 to 3 years
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Eligibility Criteria for Axis Finance Personal Loan
To determine whether you qualify for an Axis Bank online personal loan, it is essential to do some research beforehand. The bank's loan eligibility requirements are straightforward. It enables many Indians to take a chance and obtain the needed finances under dire financial circumstances. To apply for a loan, you must meet the following eligibility requirements:
- Citizenship in India;
- Age: 21-60 years;
- Stable employment in the public sector, state government, federal government, or any other reputable commercial organization;
- A monthly salary of at least 15,000 rupees;
- A running checking account.
Documents Required for Axis Finance Personal Loan
Documents needed for salaried employees:
- Aadhar, Pan, Voter, and Passport cards are acceptable forms of identification.
- Utility bills (electricity, water, and gas), registered rental agreement, driver's license, and Voter identification are all acceptable forms of proof of address.
- Bank statements for the last three months.
- Paystubs, the most recent Form 16 or ITR, the offer letter from your job, and salary slips.
Documents needed for self-employed individuals:
- Aadhar, Pan, Voter, and Passport cards are acceptable forms of identification.
- The following documents are admissible as proof of residency: a passport, driver's license, voter identification card, utility bills (electricity, water, and gas), and registered rental agreement.
- A passport, a driver's license, a pan card, a birth certificate, a report card from your 10th or 12th grade, or an Aadhar card can all be used as proof of your birthdate.
- Bank passbook or statements for the most recent three or six months.
Fees and Charges of Axis Finance Personal Loan
| Axis Bank Personal Loan Interest Rate | 13% |
|---|---|
| Processing Fee | Up to 2% of the loan amount |
| Foreclosure Charges |
5% for 0 to 12 months 4% for 12 to 24 months 3% for 24 to 36 months 2% for greater than 36 months + GST as applicable |
| Loan Tenure | 0 to 3 years |
| Penal Interest | 24% per annum |
| Cheque/Instrument Swap Charges | ₹ 500 + GST |
| CIBIL Report Issuance & Stamp Duty Charges | ₹ 50 per instance per set + GST as per State Stamp Act |
| Issuance Charges for Photocopy of Loan Agreement/Documents | ₹ 250 per instance + GST |
| Charges for Duplicate Statement Issuance | Certificate for duplicate interest (Actual/Provisional) |
| Charges for Duplicate Amortization Schedule or NOC Issuance | ₹ 250 per instance + GST ₹ 500 per instance + GST |
Axis Finance Personal Loan
Axis Finance Personal Loan is a great solution when you need financial assistance. Here are some use cases:
- Purchase a new laptop for work purposes
- Pay any outstanding college bills
- Consolidate your debts
- Finance the different costs associated with a wedding
- Pay utility bills and other personal expenses
If you're in an emergency and don't have cash on hand, Axis Finance Personal Loan can provide the necessary financial support, ensuring that your needs are met without any hassle.
Features of Axis Finance Personal Loan
Here are the key features of the Axis Finance Personal Loan:
- Interest Rates: Interest rates vary between 13% and 18% based on occupation, credit score, and income.
- Tenure: The loan tenure ranges between 0 to 3 years.
- Loan Amount: For salaried individuals, loans up to 40 lacs are available, while self-employed individuals can receive up to 1 crore.
- Processing Costs: Bank processing fees range from 2% to 3%.
- Loan Disbursement: Axis Bank typically disburses loans within 2 to 3 days.
Frequently Asked Questions (FAQ)
- What size personal loan am I eligible for from Axis?
If you are salaried, you can receive up to ₹40 lacs. If self-employed, you can receive up to ₹1 crore. - What is the Axis Finance personal loan interest rate?
Interest rates range from 13% to 18% depending on your income, occupation, and credit score. - What is the minimum credit score required to apply for an Axis Finance personal loan?
A CIBIL score of at least 650 is required for applying for an Axis Finance personal loan.
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 500+
Team Size of Experts
Axis Finance Personal Loan EMI Calculator
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