Details On Axis Bank Personal Loan For Your Reference

A loan is taken when there is a financial need but when people do not research properly and take it, slowly it changes into a burden. For that, you should check all the details of the product and then decide properly so that you can manage it properly.

In this article, we have given the details on Axis personal loan to help you understand your requirement as well as repayment capacity.

Axis Bank Personal Loan Eligibility

The eligibility criterion that an applicant has to match for a personal loan at Axis Bank is mentioned below as per the profession:

For Salaried:

  • Maximum age of the applicant must be 58 years
  • Minimum Net Monthly Income should be ₹15,000
  • Maximum loan amount is ₹15 lakhs
  • Minimum service period with current employer should be 1 year
  • Good CIBIL score

For Salaried:

  • Minimum age of the applicant should be 24 years
  • Maximum age of the applicant must be 65 years
  • Minimum Net Annual Income should be ₹2 lakhs
  • Maximum loan amount is ₹15 lakhs
  • Minimum work experience in current Business or Profession should be 3 years
  • Good CIBIL score

Documents required for Axis Bank personal loan

Salaried:

  • Signed loan application form with recent photographs
  • Age Proof-Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate Identity Proof-Passport/PAN Card/Voter ID Card/Driving License
  • Address Proof-Ration Card/Driving License/Voter ID Card/Passport/Telephone Bill/Electricity Bill/Life Insurance Policy
  • Income Proof-Salary slip of last 3–6 months, ITR or Form 16, 6-month bank statement
  • Signature Verification Proof-Driving License/Passport copy/PAN Card
  • Duly signed loan agreement
  • Standing Instruction (SI) Request / ECS Form / Post Dated Cheques (PDCs)/ Security Cheques required for SI and ECS

Self-employed:

  • Signed loan application form with recent photographs
  • Age Proof-Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
  • Identity Proof-Passport/PAN Card/Voter ID Card/Driving License
  • Address Proof-Ration Card/Driving License/Voter ID Card/Passport/Telephone Bill/Electricity Bill/Life Insurance Policy
  • Income Proof-IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years
  • Signature Verification Proof-Driving License/Passport copy/PAN Card
  • Duly signed loan agreement
  • Standing Instruction (SI) Request / ECS Form / Post Dated Cheques (PDCs)/ Security Cheques required for SI and ECS
Axis Bank Personal Loan Calculator

A loan calculator or EMI calculator is the one which is used to check monthly installments on a particular loan. Axis Bank personal loan calculator does the same thing. You can simply put in details on your personal loan from Axis Bank. You will also get the total interest amount you will be paying to the lender and total repayment amount. As a borrower, you have the choice to change loan amount or tenure, if you want to, before approval. Interest rates can only be changed by the lender but you can surely negotiate with the bank as per your desire and if your profile is good enough, you will get approval for the same.