A personal loan gives you wings to fly and reach your dreams, which you were waiting to reach from a long time. Sometimes it is not possible to manage our wishes from our monthly income. So Axis Bank Personal Loan is the option to fulfill all our dreams. So waiting for what? apply now
Why apply for Personal Loan?
The Loan amount depends upon the income and repayment capability of the applicant.
Personal Loan is a multi-purpose offer that can be used for almost all financial problems.
You don’t need to put any property or asset as security to the lender.
No cosigner required.
If you fulfill the eligibility criteria and have a good credit score, you can get a personal loan in 72 hours.
Generally, Loan is available on a fixed rate of interest.
Axis Bank Personal loan Eligibility
Salaried
Profession: The person should be working in a government, private or MNC Company.
Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, and the maximum is 60 years.
Minimum income: The person should be getting a minimum of 20,000p.m. Salary.
Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Self-Employed
Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer or, doing his own business.
Eligible Age: The minimum age to apply for a personal loan is 23 years and, maximum is 65 years.
Minimum income: The minimum revenue from business or the profession should be not less than 25,000p.m.
Work Experience: The person should have at least three years of his professional experience.
CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.
Axis Bank Personal Loan Interest Rate
Rates of interest provided are quite affordable. It starts at 11.25 % per annum.
Documents Required
Salaried
Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
Address proof: Ration card, Passport, rent agreement, electricity/water bill.
Last six months Bank statement & 3 months’ salary slip
Latest form 16
PAN card
Self-Employed
Identity Proof: Adhar Card, Passport, Voter ID card or Driving License
Address proof: Ration card, Passport, rent agreement, electricity/water bill.
Last six months Bank statement.
Latest ITR along with computation of income along with P/L audited by certified CA for the previous 2 years.
Tenure
Tenure is the time for which you have gotten the Loan. It can be one year to 5 years.
Pre-closure Charges
Axis Bank Personal Loan allows you Pre-Closure with Nil charges.
About Axis Bank
Axis Bank is the third-largest private-sector banks in India, offering a comprehensive suite of financial products. The bank has its head office in Mumbai, Maharashtra. It has 4150 branches, 12,000 ATMs and 5,317 cash recyclers spread across the country.
How to apply for Axis Personal Loan?
Visit lendingwale.com and fill all your required details like Name, age, income, etc.
Our relationship manager will contact you as soon as possible and help you get your loan approved.
FAQs
Why should I take a personal loan from Axis Bank?
Axis Bank provides a Personal Loan at a shallow interest rate with the low EMI options. Furthermore, the bank will process the Loan very quickly and without any hassle.
How much interest is charged by Axis Bank on a personal loan?
Personal loan interest rates in Axis Bank generally starts from 11.25%. However, it changes from time. Besides that, it also depends on the profile of the applicant.
What is the lowest EMI per lakh on a personal loan?
The minimum EMI per lakh is Rs. 2,179 per month.
What is the tenure of Personal Loan?
The loan tenure of the Personal Loan is One year to Five years.
How much Personal Loan amount I can borrow from Axis Bank?
Ans: The applicant can get a loan amount of Rs. 50 Thousand to a maximum amount of Rs. 20 Lakhs, depending on the professional background.
How much does the Axis Bank charge processing fee on a personal loan?
The processing fee charged is about 1.25% to 1.75%.
Is age an eligibility factor in getting a personal loan?
Yes, age is a factor to apply for a personal loan. The minimum age of the applicant should be 21 years, and it can be maximum 60years.
Are there any pre-payment charges on a personal loan from Axis Bank?
No, the pre-closure charges is Nil.