Axis Bank Personal Loan Application Online 2024 : In need of a loan? Axis Bank presents an enticing Personal Loan offer at an annual interest rate of 10.49%. Whether you’re planning for a wedding, home renovation, or educational expenses, acquaint yourself with Axis Bank Personal Loan. Moreover, this bank extends pre-approved loan facilities to its selected clientele, enabling instant loan claims.
This bank offers Personal Loans of up to a maximum of 40 lakhs, enabling you to meet any small or large financial requirement you may have. If you’re unaware of how to apply for an Axis Bank Loan online, this article provides comprehensive information on how to obtain a Personal Loan from Axis Bank, the prevailing interest rates, and the requisite documents. Thus, it’s essential to read this article attentively till the end.
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Axis Bank Personal Loan Application Overview 2024
| Article Title | Axis Bank Personal Loan |
| Loan Type | Personal Loan |
| Loan Amount | From ₹50,000 to 40 lakhs |
| Interest Rate | Starting from 10.49% |
| Processing Fee | Up to 2% |
| Repayment Period | Maximum of 7 years |
| Official Website | www.axisbank.com |
How to Obtain Axis Bank Personal Loan
Axis Bank offers attractive interest rates for personal loans to fulfill individual needs. The loan application process from Axis Bank is entirely digital, and eligible customers can also apply for Pre-Approved Instant Personal Loans. With Axis Bank, you can avail loans ranging from ₹50,000 to a maximum of 40 lakhs, with repayment periods extending from 1 year to a maximum of 7 years. However, to avail of these facilities, you must adhere to certain terms and conditions set forth by Axis Bank, which we will detail further ahead.
Axis Bank Personal Loan Interest Rate
When availing a loan from Axis Bank, it’s important to note that you may be subject to an annual interest rate of 10.49% on Axis Bank Loans. Additionally, the interest rate is contingent upon factors such as the loan amount, your job profile, credit score, monthly income, past transactions, and other eligibility criteria. A favorable financial transaction record may lead to loan approval at a lower interest rate. Furthermore, Axis Bank also levies a processing fee, which can be up to 2%.
Eligibility for Axis Bank Personal Loan
Before applying for an Axis Bank Loan, it’s imperative to adhere to the terms and conditions, i.e., eligibility criteria, set forth by Axis Bank. Here’s an outline:
- A stable source of income is essential for Axis Bank Personal Loan eligibility.
- Axis Bank extends Personal Loans to government employees, employees of private limited companies, as well as employees of public sector enterprises.
- Even employees of public sector undertakings can apply for Axis Bank Personal Loans.
- Axis Bank also facilitates Personal Loans for medical professionals.
- Applicants for Axis Bank Personal Loans should be at least 21 years old and not older than 60 years during the maturity of the loan.
- The applicant’s net monthly income should be at least ₹15,000.
- KYC documents are mandatory for loan applicants.
Required Documents for Axis Bank Personal Loan
For an Axis Bank Personal Loan, you’ll need the following documents:
- Properly filled application form
- Passport-sized photograph
- KYC documents such as Aadhar card, PAN card, driver’s license, passport, NREGA job card with signature by state government officials, voter ID, etc.
- Certificate issued by the National Population Register (with address details)
- Birth certificate
- Income proof documents such as salary slips for the last 2 months, 1-year employment certificate, bank statements for the last 2 months, etc.
How to Apply for Axis Bank Personal Loan Online
If you’re in need of a loan and wish to apply for an Axis Bank Loan online, follow the process outlined below:
- Firstly, visit the official website of Axis Bank for Personal Loans.
- Now, navigate to the “Apply Now” or “Instant Personal Loans” option provided on its homepage.
- Subsequently, a form will appear where you’ll need to input requested information such as:
- Whether you are an existing customer of the bank or not
- Mobile number
- Name
- State
- City
- Employment type
- Type of loan
- Email ID
- Salary type
- Whether you have identified property or not
- After filling in all the required details, enter the Captcha Code, check the box, and click on submit.
- Upon completing these steps, your application process will be complete, and you will receive a call from the bank. They will guide you through the next steps and inquire about loan-related queries.
- Subsequently, you will be asked to submit documents and processing fees, following which the loan amount will be transferred to your bank account.
- PhonePe Personal Loan Application
- Citibank Personal Loan Application
- Google Pay Personal Loan Application
- HDFC Personal Loan Application
How much loan does Axis Bank provide?
Axis Bank offers personal loans ranging from ₹50,000 to ₹40 lakhs.
What is the interest rate for Axis Bank Personal Loan?
The interest rate for Axis Bank Loan starts at 10.49% per annum. Additionally, the personal loan interest rate depends on factors such as job profile, income, credit score, age, financial transaction record, and other eligibility criteria.
How to avail Axis Bank Personal Loan?
To avail a personal loan from Axis Bank, visit the official website, click on “Apply Now” > “Personal Loan,” fill out the registration form, submit it, await a call from the bank for further process guidance, submit documents and processing fees, and your loan will be approved within a few days of document submission.
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