Axis Bank Personal Loan

Axis Bank Personal Loan Features

Axis Bank Personal Loan Eligibility Criteria Details
Axis Bank Personal Loan Interest Rate 9.75% p.a.
Axis Bank Personal Loan Lowest EMI per lakh Rs 2112
Axis Bank Personal Loan Tenure 12 to 60 months
Axis Bank Personal Loan Processing Fee 1% to 2% of Loan Amount
Axis Bank Personal Loan Prepayment Charges Allowed after 12 Months (2 – 4 %)
Axis Bank Personal Loan Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Axis Bank Personal Loan Min Loan Amt ₹ 50,000
Axis Bank Personal Loan Max Loan Amt ₹ 75 Lakh

About Axis Bank Personal Loan

Everyone needs finance to meet the unplanned or emergency expenses at any time in our life like person planning to get married or want to go for vacations and are falling short of funds; they do not worry. Instead, they have the option of taking axis bank personal loans to meet these expenses.

What is Personal Loan?

Personal Loan is an unsecured debt which helps you meet your financial needs, and there is no requirement for any security for availing a personal loan. Your lender provides you finance with the flexibility to use the funds as per their requirements. Personal Loan can serve to manage your travel and wedding expenditure as well as the costs of a medical emergency, home renovation, debt consolidation, and other needs.

Interest Rate of Axis Bank Personal Loan

The interest rates in Personal Loan depends upon the company’s profile and salary of a person. It starts at 10.75% per year.

More About: Interest Rates on Personal Loan

Salient features of Axis Bank Personal loan

  1. Personal loans are unsecured loans
  2. A personal loan is for a short tenure.
  3. Personal loans usually have fixed interest rates.
  4. The amount of credits ranges from Rs. 20,000 to Rs. 20,00,000 or any depends on a person’s credibility.
  5. Documents required to get a personal loan are proof of identity, residence, income proof, and Income Tax Returns of the last two years.

After verification of the documents, the borrower’s credit score check by the Credit Information Bureau (India) limited commonly known as CIBIL.

Eligibility Criteria for Axis Bank Personal Loan

Not everyone can get a personal loan because it carries risk as it is unsecured. There are some rules and criteria based on which the bank provides a personal loan to the applicants.

There are two categories of applicants:

  1. Salaried employees
  2. Self-employed

There are different rules for both types of employees

Click here to know about- EMI Calculator

Salaried applicant:

  1. Firstly, the age of the applicant should be more than 21 years.
  2. After that he/she should have to earn Rs. 18000 per month at least.
  3. And the applicant should have the work experience of at least three years.
  4. After that, he/she should have to get a salary in his/her bank account directly.
  5. Lastly, The credit score of the applicant applied for a personal loan should be good.

Click here to know more about- Salaried applicant

Self-employed applicant:

  1. If the applicant is self-employed, his/, her age should be 25 years at least.
  2. and He/she should be filing ITR for at least last three years, and the applicant CIBIL score should be good.
  3. Also the ITR should be at least Rs. 2.5 Lakhs per annum.

Click here to know more about- Self-employed applicant

Documentations required for Axis Bank Personal Loan

  1. Identity proof is required. (Passport/Id card/voter card/driving license) It can be any one of them.
  2. Photographs: Two passport size colored photos. (Applicant should not be wearing glasses)
  3. Passport: A passport can also be considered as your identity proof because it has an applicant name, age, address, and a photograph. If you have a passport, then there is no need to bring your address proof separately. But the passport should not be expired.
  4. Bank Statement of the last six months and the salary slip of last three months is also needed.
  5. Residence Proof can be the Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  6. Driving License is also regarded as a proof of identity and residence evidence because it contains the name, date of birth, and a photograph of the applicant. But the condition is that it should not be expired.
  7. Aadhar Card is provided by UIDAI that contains biometric details of the customers like age, date of birth, and photos of the individual and also consider as proof of your date of birth.
  8. PAN Card is the permanent account number given to the customers, and it prevents the financial frauds. So it is also considered as an identity/residence proof. Pan card is essential to document under KYC (Know Your Customer) formality.
  9. Ration Card is also considered as a residence proof because it provides enough information about the applicant.

How to apply for Axis Bank Personal Loan?

You can easily apply for a personal loan if you are eligible then you have to fulfil the online application form, and you get a callback. It is a quick and hassle-free process.

Steps to Apply:

  1. First of all, visit www.loannow.in on Google.
  2. After that, fill the application form for the personal loan.
  3. Moreover, You will get a call back within 5 minutes, with proper guidance.
  4. If you are eligible, then your loan will get approved within 10 minutes.

Tenure for Axis Bank Personal Loan

It is the time for which you have gotten the loan. It can be of 1 year to 5 years.

Why is Loannow the best to get Personal Loan?

  1. Firstly, Loannow responds to the customer’s queries very quickly.
  2. Besides that, the interest rates we offer are minimum as compared to other competitors.
  3. Furthermore, here, you can easily compare the rate of interest with other financial and non-financial institutes.
  4. Moreover, after that, here, you will get proper guidance for the personal loan.
  5. At last, If you apply on the loannow, you will get a document pick up facility from your doorstep.

Axis Bank Personal Loan Status

Axis Bank is the largest private sector banks in the country. The bank offers a wide range of loan products based on the requirements of customers. Customers who applied for a loan can quickly check the status of their applications. If you applied for Personal Loan Axis Bank, you might keep yourself updated about the loan approval status.

Personal Loan Interest Rates: Updated

Bank

Interest Rates

HDFC Bank

10.99% to 18%

ICICI Bank

13.99% to 18%

Fullerton India

17.25% to 32%

Bajaj Finserv

13.99% to 16.75%

Axis Bank

15.50% to 24%

Standard Chartered Bank

15.75% to 22%

Kotak Mahindra Bank

13.75% to 19%

Andhra Bank

13.50% to 22%

Bank of Baroda

13.50% to 19%

Vijaya Bank

13.75% to 22%

Corporation Bank

14.50% to 20%

Allahabad Bank

13.70% to 20%

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%