Axis Bank Personal Loan

Axis Bank is India’s one of the best private sector bank. It has more than 3,245 branches all over the India. The interest rate of Axis Bank Personal Loan starts from 11.25% * . Axis Bank Personal Loan provides minimal paper work and a brilliant Axis Bank Personal Loan customer care service. Axis Personal Loan Processing Fee is only 2% which is very low compared to other personal loan providers. Axis Bank Personal Loan provides up to Rs. 15lakh. Axis Personal Loan provides loans to both salaried and self-employed which makes it more helpful. Also the EMI for Axis Bank Personal Loan is flexible and the loan tenure is also flexible. The Axis Personal Loan documentation is minimal and the application process is also hassle-free.

Why choose Axis Bank Personal Loan?

Axis Personal Loan offers amazing benefits to its customers. From lowest interest rate to flexible EMI it offers a lot. So here are the reasons of why you should go for Axis Personal Loan.

• Documentation

The documentation for Axis Personal Loan is very minimal. They just need minimum documents like your income proof and address proof and Axis Personal Loan is an unsecured loan so you don’t need any guarantor or you don’t have to mortgage anything for your Axis Personal Loan.

• Interest Rate

Axis Personal Loan rate of interest is very low. If you are someone who has High CIBIL Score and you want a loan you can go for Axis Personal Loan.

• Online

Axis Personal Loan offers you online facility you can pay your Axis Personal Loan EMI by online. Even after you successfully applied for Axis Personal Loan you can check Axis Personal Loan application status online. This will show you, your current Axis Personal Loan application status.

• Repayment

You can easily repay your Axis Personal Loan EMI online. You also can pay it with cheques. You can easily track both.

• Prepayment Charges

The prepayment charge is NIL and it is allowed after 1 EMI’s which is very helpful about Axis Personal Loan.

Axis Personal Loan Features

Axis Personal Loan offers amazing benefits to its customers. Axis Personal Loan offers RS.50, 000 to Rs. 15lakh personal loan. They even made the documentation simplified to reach more customers and also made it online. You can go for Axis Personal Loan Login after you applied for the loan so you can check your Axis Personal Loan application status. You also can go for Axis Personal Loan online payment.

• Simple Documentation

  As said first Axis Personal Loan does not need much for Axis Personal Loan apply. You can apply with minimal documents and they are very customer-friendly.

• Service at your door

  Axis Bank’s door step service help you to apply for Axis Personal Loan from your doorstep which makes it simpler and convenient.

• Interest Rate

  Axis Personal Loan offers lowest interest rate to its customer so it can be helpful and beneficial to them.

• Hassle Free application

  You can apply on Axis Personal Loan without any worries as they offer Axis Personal Loan to everyone. Once you meet the Axis Personal Loan eligibility criteria you will get your money transferred within 72 hours.

• Balance Transfer

  You can avail the benefit of personal loan balance transfer with the help of Axis Personal Loan Balance Transfer. It will reduce the burden of your existing loan and if you want to you also can take a top loan with it because Axis Personal Loan rate of interest is very low.

• Guarantor Free

  Axis Personal Loan does not need any guarantor or collateral or security to approve your Axis Personal Loan.

• Processing Fees

  The processing fees are very loan in Axis Personal Loan When other NBFCs and Banks take 3% to 5% for processing fees. Axis Personal Loan only takes 1.5% to 2.00% for processing Fees.

• Customer Care

  Axis Personal Loan Customer Care service is so helpful if you face any problem regarding your loan they will help you. You just can call customer care executive for help.

• Tenure of Loan

  The tenure of your Axis Personal Loan matters most in your loan. You can avail 1 to 5 years of tenure to repay your loan. Your interest rate also depends on loan tenure. If you take a loan for small tenure your interest rate will be low and if you take a loan for longer tenure your interest rate will be high. So it is advisable to go for a shorter tenure. Or you also can choose which suits you best.

• Check Your Eligibility Online

  If you want to take an Axis Personal Loan and want to check your eligibility on Axis Personal Loan Eligibility Calculator.

Axis Bank Personal Loan Apply Eligibility

Axis Personal Loan Eligibility

• Minimum age of 21 years and maximum of 60 years.
• Minimum income 25,000
• Minimum CIBIL score 700
• The applicant should have an account in this bank.
• Co applicant should be applicable in case of HL/LAP
• Minimum 2 years of work experience if self employed minimum 2 years of business experience.

Documents require for Axis Personal Loan

• Salaried

  1. Correctly signed IndusInd Bank Personal Loan application form IndusInd Bank Personal Loan with passport photographs.
  2. Identity Proof and age proof (PAN Card/ Driving License/ Passport/ Voter ID/ Aadhaar Card etc)
  3. PAN Card (Must)
  4. Address proof (Aadhaar Card/ Passport/ Landline Bill/ latest electricity bill/ Rent Agreement)
  5. Last Six months Bank statement
  6. Salary slips of last 3 months.
  7. If currently you are paying any EMI for Credit Card or Personal Loan.

• Self-Employed

  1. Correctly signed IndusInd Bank Personal Loan application form IndusInd Bank Personal Loan with passport photographs.
  2. Identity Proof and age proof (PAN Card/ Driving License/ Passport/ Voter ID/ Aadhaar Card etc)
  3. Address proof (Aadhaar Card/ Passport/ Landline Bill/ latest electricity bill/ Rent Agreement)
  4. TAN Card
  5. Last three years of balance sheet along with profit and loss in business.
  6. Last six months of bank statement of individual and business entity.
  7. If currently you are paying any EMI for Credit Card or Personal Loan.

Axis Personal Loan Benefits

• The maximum loan amount for Axis Personal Loan is Rs.15lakh. They offer loan amount up to Rs.15lakh to its customer.
• Axis Personal Loan documents are very minimal. You just have to submit your address proof and your salary proof.
• Axis Personal Loan process is completely online so you can receive the instant approval for your loan.
• An applicant also can go for an E-Kyc and eSign through Aadhaar for loan processing that is faster than normal.
• Axis Personal Loan has attractive features and loan get disbursal within 24 hours.
• Axis Personal Loan is giving personal loan both for salaried and self-employed.
• The age of borrowers for Axis Personal Loan is 25 to 60 years.
• The tenure for Axis Personal Loan is 12 to 60 months.
• Axis Personal Loan interest rate is also very low it starts from 11.25% *
• With help of online facility you can repay your Axis Personal Loan payment online.

Axis Personal Loan Interest Rate Calculator

You can calculate your Axis Personal Loan rate of interest easily by the help of your loan amount, salary, and your current company and also your Credit Score makes really big impact on your Axis Personal Loan rate of interest.

• Loan Amount

  Loan amount matters a lot on your interest rate. A loan amount is borrowed by borrower from bank. Basically Axis Personal Loan offers loan in between Rs. 50,000 to Rs. 15, 00,000.

• Salary amount

  Your current income shows that how much you are eligible to repay your Axis Personal Loan. If you are someone with higher salary your Axis Personal Loan interest rate will be low.

• CIBIL Score

  To be the eligible candidate for Axis Personal Loan you should have a good CIBIL Score. CIBIL Score stands for your repayment ability so if you have high cibil your Axis Personal Loan rate of interest will be low and if you have low CIBIL your interest rate will be high. Minimum Axis Personal Loan CIBIL Score is 650. To make your CIBIL high you have to repay your Axis Personal Loan payment on time.

• Company Category

  Axis Personal Loan has a list of companies and they had made categories regarding those companies like CAT-A, CAT-B etc. Bank made this categorization based on company’s size, reputation and existing relation with bank. Employees who belong from higher companies always get amazing discounts and low interest on loans.

• Relation with Bank

  If you are someone who has an account on Axis Bank and you have maintained your account for a long time and paid your bills timely and also paid all your payments timely then you will get the Axis Personal Loan offer of low interest rate.

• Loan Tenure

  Axis Personal Loan offer loan tenure from 12 months to 60 you can choose your tenure as per your choice but you go for higher tenure you have to pay more interest.

• Repayment Capacity

  Before you take any loan you should remember one thing that you have to repay your loan nothing is free so take the loan amount you need do not take extra. No one like a debt burden in their soldier. Even if you get cold calls for higher loan amount don’t fall for it.

Points you should remember before taking Personal Loan

• Personal Loans are a type of installment loan. Which means applicator will borrow a fixed amount of loan from bank or NBFC. Borrower has to pay back to the bank or NBFC by installments in 12 to 60 months with interest. Once you have paid the loan your loan account gets closed.
• If you need 3Lakhs then just borrow 3Lakhs from bank or NBFC don’t borrow excessive money only because you have eligibility. You will receive cold calls, e-mails or messages from bank or NBFC but don’t fall for it.
• Banks and other financial institutions who give the personal loan always check the CIBIL Score before giving you personal Loan. So you have to maintain the score. You have to pay your EMIs on time. Because if you have high CIBIL Score your interest rate will be low.
• Personal Loans are more difficult to get because it is an unsecured loan so bank or NBFCs can’t take any of your property if you can’t repay the loan and interest rate is higher than any other loan.
• Personal Loans have fixed interest rate. It doesn’t change by time if you got a loan on 15% * interest rate it would be the same till the last date of your repayment.
• Penalty Charges are heavy on personal loans if you missed an EMI that Bank or NBFC have right to charge you. And it also affects your CIBIL Score. So pay your loan on time.

Axis Bank Fees and Charges

*Interest rates change time to time.