AXIS PERSONAL LOAN

Axis Bank Personal Loan

Are you looking for the fast & speedy customer service with varied range of financial products then Axis Bank is a bank you can trust upon.

 

Now if we talk about Personal Loan, Axis Bank is the name you can go for. The bank provides speedy approval in getting the right Personal Loan offer. Here we give you detailed information about Personal Loan from Axis Bank

 

Axis Bank offers customers highly excellent customer service, and opportunity to avail Personal Loan on an urgent basis for a medical contingency or any other personal finance up to Rs. 1500000 for any of the personal reasons such as higher education, family vacation, wedding ceremony, business expansion or more.

Types of Personal Loans by Axis Bank

 

Choose from the varied Personal Loan options offered by Axis Bank:

 

Fees and Charges
The mentioned fees and charges customers have to bear with who are looking forward for Personal Loan availability.
TYPES OF FEESCHARGES APPLICABLE
Interest Rate11.25% to 24%
1 year MCLR8.7%
Loan Tenure12 to 60 months
Loan AmountRs.50,000/- to Rs. 15,00,000
Loan Processing Charges1.50% 2.00% + GST as applicable
Cheque Bounce ChargesRs. 500 per cheque + GST as applicable
Cheque Swapping ChargesRs. 500 per cheque + GST as applicable

Advantages of AXIS Personal Loan

Before selecting Axis Bank as your Bank for Personal Loan, it’s important to go through the related benefits & advantages of why raising a loan from Axis Bank. These features will help you in choosing the best lender for yourself. The approval of the Personal Loan however solely depends on your credit profile and repayment capacity.

 

  •       Offered Loan Amount – The personal loan starts from the amount Rs. 50,000 to Rs,15,00,000. This is subject to applicant’s credit history, financial stability, and repayment capability.
  •       Tenure of Loan Repayment – Repayment tenure ranges from 12 to 60 months
  •       No prepayment – There is no prepayment or foreclosure charge, which offers you to prepay the loan if you have a surplus in hands
  •       Balance Transfer at Low Rate – Avail cheaper Personal Loan by transferring your Loan balance without any hassle.
  •       Digitalized Online Process – With process going digitally online with minimum documentation in simple steps you can easily apply for the loan online.
  •       Ease of Accessibility – You can easily contact bank regarding your query through SMS, Bank’s website, or can reach through toll-free numbers 1-860-419-5555 and 1-860-500-5555.

Eligibility Criteria for applying for AXIS Bank Personal Loan

 

AXIS Bank Personal Loan is a gateway to your short-term financial plans. You can easily get fast access to unsecured loans at affordable interest rates for up to 5 years.

The eligibility criteria for AXIS Bank Personal Loan are easy to fulfill. Check out the eligibility criteria before applying for the Personal Loan:

 

  • Income – The monthly income of an applicant should be at least Rs. 15,000.
  • Age – The minimum age requirement is 21 years and the maximum age goes till 60 years for an individual to apply for Personal Loan.
  • Employability – The Personal Loan is for Salaried Employees including salaried doctors, public & private company employees, and government sector employees.
  • Keep Documents Ready – Make sure you are keeping with you required documents for a hassle free process.

 

Essential Documents Required

The mentioned below are the essential documents required for availing Personal Loan from AXIS Bank:

Type of DocumentsDetails
Loan Application FormDuly filled loan application form
Photograph2 Photographs
Identity ProofAadhar Card, Voter ID, Passport/PAN Card/ Driving License
Residential Address ProofRegistered rent agreement/passport/ utility bill (up to 3 months old)/ leave and license
Income Tax ReturnIncome Tax Returns for last 2 years duly certified by CA
Bank statement/ copy of passbook of last 6 months
Business StatementsBalance sheet and P&L statement for the last 3 years including schedules and Annexures
Property related documentsTitle deed including the previous chain of property documents

Proof of any other claim on property

Procedure for applying for AXIS Bank Personal Loan Online

In order to apply for a loan through our website, you have to follow a few simple steps:
First, register with us by providing the following details:

  • Your gender
  • Name, phone number, and email ID
  • Nature of your current occupation
  • Details of your current income
  • Details of your current employer
  • Loan amount required

 

For further queries, you can go through www.axisbank.com

Know more about AXIS Personal Loans – FAQs

Q. What is the most convenient way to apply for an Axis Bank Personal Loan?

A. Apply for AXIS Bank personal loan in the following ways:

  • Apply online
  • Apply In person
  • Through our site, which will guide you to avail hassle-free Personal Loan online
Q. What is the minimum and maximum loan amount offered?

A. Loan amount offered by the bank ranges from Rs 50,000 to Rs 15,00,000.

Q. How do I keep track of my Axis Bank Personal Loan?

A. Keep track of your Personal Loan status by requesting bank statement of account/repayment schedule or you can call on toll-free number 1860 419 5555

Q. What are the different options for making EMI repayments?

A. By three ways you can make EMI repayments:

  • Standing Instruction – If you have AXIS Bank account your EMI would be deducted automatically from your account every month.
  • Electronic Clearing Service – For Non-AXIS Bank account holders, ECS service will be set up.
  • Post-Dated Cheques – For Non-AXIS Bank account holders, PDCs need to be submitted to nearest AXIS Bank Loan Centre.
Q. What is the period of repayment for Axis Bank personal loans?

A. Loan repayment tenure ranges from 12 to 60 months.

Q. How do I update my registered details like mobile number, email id?

A. For updating the personal details you can call customer care.

Q. What is the tenure for which I can avail Personal Loan?

A. The bank offers the loan for 12 to 60 months.

QUICK OVERVIEW
Interest rate varying from 11.25% – 24%
Loan amount varying from Rs. 50,000 to Rs. 40 Lakhs
Loan processing charges from 1.50% to 2.00%
Lowest EMI of Rs. 2,212 Per Lakh
Loan turn around period is 1-7 days