Axis Bank Personal Loan - Benefits of Axis Bank Personal Loans

Axis Bank provides personal loans to its customers at very affordable rates of interest, and other benefits such as hassle-free documentation process, reasonable repayment options, top-up loan facilities, and instant loan approvals. mymoneykarma gives you all the information you need on Axis Bank personal loans.

Benefits of Axis Bank Personal Loans

Axis Bank personal loans are loaded with customer-centric benefits and features.

Here are a few highlights of Axis Bank personal loans.

• Significant loan amounts ranging from a minimum of Rs 50,000 to a maximum of Rs 15 lakhs. The loan amount depends on the applicant's repayment capability, credit score, credit history, and yearly income.
• Long loan tenures ranging from a minimum of 12 months and a maximum period of 60 months.
• Attractive interest rates ranging between 11.25% – 24% p.a.
• Loans available for salaried individuals, public and private company employees, and government employees.
• Special offers if the applicant is an existing customer of Axis Bank.
• Various feasible repayment channels such as NEFT, post-dated cheques, and online banking.
• Simplified loan application and approval process with minimal documentation.
• Dedicated 24/7 customer service desk for query resolution.

Types of Axis Bank Personal Loans

Axis Bank offers only one type of personal loan. This loan is suitable for a large pool of customers.

Eligibility Criteria for Axis Bank Personal Loan   

Applicants must meet the following criteria to get a personal loan from Axis Bank.

• Minimum income of Rs 15,000 per month
• Sound repayment capability
• Competetive credit score
• Minimum age of 21 years
• Maximum age of 60 years
• Must belong to the salaried class of public and private company employees, government sector employees, employees of public sector undertakings, government and other public bodies.  
  

Documents Required for Axis Bank Personal Loan

Applicants need to submit the following documents while applying for an Axis Bank personal loan.

• A filled loan application form with necessary details such as income, occupational details, and personal information.
• Two copies of recent passport sized photographs
• Copies of the applicant's PAN card and Aadhaar card.
• Copies of income proof such as salary slips of the previous three months, bank statements of the last three months, and a copy of Form 16.
• Copies of residence proof such as telephone bills, electricity bills, or rental agreement attested by the applicant.
  

How to Apply for Axis Bank Personal Loan Online

Customers can directly apply for Axis Bank personal loans online by visiting the Axis Bank website. They just need to follow the on-screen instructions from the personal loan section, download the loan application form, and submit the filled form and upload the necessary documents on to the portal. The bank then evaluates the applicant profiles and deposits the loan amount in the applicant's account upon the approval of the loan.

How to Apply for Axis Bank Personal Loan Offline

Applicants can also directly walk into the personal loan centers of Axis Bank along with all required documents. They need to fill up the Axis Bank personal loan application form received at the bank and submit it with the documentation. The loan is approved within a few working days. Use a personal loan EMI calculator to know your obligations if you are applying offline.