Axis Bank Personal Loan Application: If you want an instant loan, Axis Bank can meet your small or big loan requirement. Let us tell you that this bank gives personal loans to customers ranging from Rs 50 lakhs to Rs 40 lakhs, the interest rate of which is 10.49% per annum. This is the initial interest rate which can be higher depending on the applicant’s eligibility. marriage, home loan, For personal needs like education, you can apply for this loan with minimal documents and there are also pre-approved loans available for selected customers.
In this article, we will talk about who is eligible for a personal loan from Axis Bank and who is not; apart from this, we will also tell you the complete process of applying for a personal loan, including the interest rate, other charges, and the documents required for this loan. So, if your account is opened with Axis Bank, you will be able to easily Axis Bank Personal Loan You can get a loan by applying for one.
Axis Bank Personal Loan Information
Axis Bank offers personal loans ranging from ₹ 50,000 to a maximum of ₹ 40 lakh at an initial interest rate of 10.49% to cover personal expenses. Let us tell you that you will be able to repay this loan in easy instalments over a tenor ranging from 1 year to a maximum of 7 years. You can get an instant loan from this bank on easy terms for needs like higher education, marriage, travel, and medical emergencies.
Axis Bank Personal Loan Interest Rate
For the information of customers, let us tell you that if you apply for a personal loan from Axis Bank, you will have to repay the loan upfront at a fixed rate of interest. The initial interest rate of Axis Bank personal loan interest rate is 10.49% per annum. However, if your job profile, CIBIL score, and past financial history are good, then your chances of getting a loan at a lower interest rate also increase.
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Other charges of Axis Bank personal loan
| processing fee | up to 1.5%-2% |
| stamp duty | It will be determined according to the State Stamp Law. |
| fundamental interest | The annual rate may be 24%, i.e. 2% per month, on outstanding installments. |
| Duplicate NOC | 500 INR + VAT |
| Prepaid/Part-Prepaid Piece | 5% + GST (on outstanding amount and partial payment amount) |
| foreclosure fees | The charges on the outstanding loan will be as follows: 0-12 months: 5% 13-24 months: 4% 25-36 months: 3% More than 36 months: 2% |
| Fee for issuing a duplicate statement | 250 INR + VAT |
Axis Bank Personal Loan Eligibility Terms and Conditions for Axis Bank Personal Loans
Axis Bank Personal Loan You can easily claim a personal loan if you meet the eligibility criteria. Let us tell you that if you meet the conditions and rules given below, you can get a loan from the bank at an attractive interest rate:
- Whatever the source of income, a working professional or a businessman can apply for this loan for Axis Bank personal loan.
- Government employees and employees of limited liability companies are also eligible to apply for personal loans from Axis Bank.
- Employees of public sector companies are eligible to apply for a personal loan from Axis Bank.
- To apply for a personal loan from Axis Bank, the applicant must be between 21 and 60 years of age.
- The minimum monthly income of the applicant must be less than Rs 15,000 per month.
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Documents required to take out Axis Bank personal loan. Required document
You will get a personal loan from Axis Bank only when you provide all the documents requested by the bank. After verifying these documents, you will be granted the loan, so make sure you have all these documents with you.
- application form
- proof of address
- birth certificate
- aadhar card
- PAN card
- passport size photo
- Income certificate such as 2 months’ pay stub.
- 1 year employment certificate (for work experience)
- Bank statement for the last 2 months.
Axis Bank Personal Loan How to apply?
Axis Bank Personal Loan You can apply online from home. For which you will have to prepare the necessary documents. Below is the complete process to obtain a loan from Axis Bank, whose simple steps you must follow:
- First, you need to apply for a personal loan from Axis Bank. official site You have to visit.
- When you reach the homepage of the website, click on the “Apply Now” option located there.
- After this, a form will open in front of you, you will see that to fill this form you will have to provide some important information such as: Name, State, City, Mobile Number, Email ID, Salary, Employment Type, Loan Type, Are you a customer of the bank or not? Whether you have identified the property or not, etc.
- After providing all this information, you need to enter the Captcha code provided and then click on the declaration checkbox.
- After this, you will finally need to submit the form by clicking on the Submit button.
- After Axis Bank Personal Loan The application process will be completed and the bank representative will call you based on the information provided by you.
- After this, you will be explained the further process and asked questions related to the loan amount.
- Once the bank receives satisfactory information, you will be asked to submit some important documents, after which your loan will be approved.
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