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Axis Bank Personal Loan

Axis Bank previously known as UTI Bank, is the 3rd largest private bank with 3,120+ branches in India offering a broad suite of financial products. It is best known for its service of providing personal loans to the applicants. Axis Bank offer personal loan to individuals like salaried, self-employed and professional.

Customer strongly prefer Axis Bank because of its excellent customer service, whether on phone, branch and ATMs. Anyone can avail a personal loan form Axis Bank to meet his financial requirement if he is eligible and his documents are complete. At LoanMoney.in, you can check your eligibility and documentation by just filling a short and simple form on our site. Scroll down to read about eligibility and documentation required.

Why choose Axis Bank Personal Loan?

Axis Bank is not only excellent in providing good customer service, but it also provide cheap personal loan with competitive rate of interest. Mostly people prefer Axis Bank when it comes to take personal loan as it offer benefits like:

  • Easy & Minimal Documentation
  • Hassle Free Loan Process
  • Competitive Interest Rate
  • Quick Loan Approval
  • Quick Amount Disbursement

Axis Bank Personal Loan Features and Benefits

Any Person can fall under the circumstances of urgent need of money, and can find that his bank account does not have the money to meet the upcoming expenses. It is not the end, there are some ways and options available that can help to pay for things which are important at that time.

This is the part, where Axis Bank Personal Loan comes into senario. The Personal Loan schemes of Axis Bank are designed and structured in a way that are not only easy to obtain but also easy to repay.

Axis Bank offers personal loans with features like:

Highest Quantum of Loan: The maximum amount offered by Axis Bank is Rs. 15 lakhs which is highest in its own class.

Competitive Rate of Interest: Axis Bank offer best in class personal loan competitive interest rates with quick loan approval.

Zero Prepayment/Foreclosure Charges: Axis Bank offers no prepayment or foreclosure charges for personal loans.

eDGE loyalty Benefits: The bank offers eDGE loyalty points on personal loans which can be redeemed for cash surplus and discounts.

Multiple Repayment Options: Axis Bank offers flexible repayments option so that one can choose can find ease in repaying the loan.

Quick Amount Disbursement: When an applicant to eligible for the loan and there is no fault in his documents, Axis Bank quickly disburse the amount.

No Guarantor Required: While availing a personal loan from Axis Bank there is no need for the applicant to provide security.

Doorstep Assistance: When you will fill the form for Axis Bank Unsecured loan on LoanMoney.in, our executive will reach at your doorstep to guide you with the loan you want.

Eligibility Criteria for Axis Bank Personal Loan/Unsecured Loan

Eligibility Criteria for Salaried Individuals:
  • Minimum age of applicant: years
  • Maximum age of applicant at loan maturity: 58 years
  • Minimum Net Monthly Income: Rs 15,000
  • Loan Amount Offered: Rs 1 lakh to Rs. 15 Lakhs
  • Minimum Service Period With Current Employer: One Year
Eligibility Criteria for Self Employed Individuals:
  • Minimum age of applicant: 24 years
  • Maximum age of applicant at loan maturity: 65 years
  • Minimum Net Annual Income: Rs 2, 00,000
  • Loan Amount Offered: Rs 1 lakh to Rs. 15 lakh
  • Minimum Work Experience in Current Business/Profession: Three Years
  • Besides this, the CIBIL score of the applicant plays a major role in the loan application approval.
Eligibility Criteria for Professional Individuals:
  • Minimum age of applicant: 24 years
  • Maximum age of applicant at loan maturity: 65 years
  • Minimum Net Annual Income: Rs 2, 00,000
  • Loan Amount Offered: Rs 1 lakh to Rs. 15 lakh
  • Minimum Work Experience in Current Business/Profession: Three Years
  • Besides this, the CIBIL score of the applicant plays a major role in the loan application approval.

Axis Bank Personal Loan Interest Rates, Processing Fees & Charges

Lowest Interest Rate - 11.25%
Processing Fee - 1.50% to 2.00%
Loan Tenure - 12 months to 60 months
Loan Amount - Rs. 50,000 to Rs. 15 Lakh
Part Prepayment Charges - Allowed after 1 EMI's, Nil charges
Preclosure Charges - Allowed after 1 EMI's, Nil charges
Guarantor Requirement - No guarantor required

Documentation needed to apply for an Axis Bank Personal Loan

  • Signed application form with photograph
  • Copy of passport/voter ID card/driving license
  • Processing fee cheque
  • Last 3 months bank statement/6 months bank passbook
  • Documentation for salaried applicants:
  • Latest salary slip

    current dated salary certificate with the latest Form 16

  • Documentation for self-employed applicants:
  • Latest Bank statement

    Latest ITR or Form 16

  • Documentation for Professional applicants:
  • Latest Bank statement

    Latest ITR or Form 16

 
Loan Application

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

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