How Can Axis Bank Personal Loan be Borrowed Online?

If you are suffering from a financial issue and there is a shortage of funds, you can borrow an Axis Bank Personal Loan. Axis Bank provides customers a collateral free loan from INR 50,000 to INR 15,00,000 at an interest rate of 12.00-24.00% per annum. You can pay this Axis Bank Personal Loan in equated monthly installments in 12 to 60 months, post disbursal of the loan amount. Read this article to find how you can borrow the Axis Bank Personal Loan online in India.

Can I Borrow Axis Bank Personal Loan?

If you meet the following criteria, you can borrow the Axis Bank Personal Loan.

  • Salaried Employees
  • Salaried doctors
  • Employees of any public or private limited company
  • Age is 21 years
  • Maximum age is 60 years
  • Monthly income is INR. 15,000 minimum 

What is the Procedure for Axis Bank Personal Loan Application?

  1. Visit the Axis Bank website
  2. Click to ‘Explore Products’ and select ‘Personal Loan’
  3. Click to the ‘Apply Now’ button
  4. Then you will be redirect to the Axis Bank Personal Loan application
  5. Select your relationship with Axis Bank if you are an existing customer select ‘yes’ from the dropdown otherose, ‘no’.
  6. Fill in the application form with your name, mobile number, residence city, state, employment type, account type and salary range
  7. Enter the captcha code 
  8. Click to the authorization button
  9. And click to ‘Submit’

Axis Bank will convey the decision of your personal loan approval within 30 working days from the date of receipt of the application. The computation will start from the day on which you have submitted all the documents to the bank.

What are the Documents Required for Axis Bank Personal Loan?

Following is the list of documents which you need to submit when you are applying for the Axis Bank Personal Loan.

  • Duly filled application form
  • KYC documents such as Aadhaar card, Voter ID card, Passport, Driving Licence, etc.
  • Income proof like salary slip, Income Tax Return report, Form 16, and last 3 months bank statement.
  • Address proof like electricity bill, telephone bill, other utility bills, passport copy and Aadhaar card.
  • Duly signed Loan agreement 
  • Standing Instruction (SI) Request / ECS Forms

Are there any Charges for Axis Bank Personal Loan?

Yes, you need to pay a one-time non refundable processing fee for the Axis Bank Personal Loan which ranges from 1.50-2.00% of your loan amount. The processing fee will be debited from your loan amount at the time of disbursal. And the rest of the amount will be disbursed to your bank account.

Use Axis Bank Personal Loan EMI Calculator Whenever You Apply for it!

The EMI tool helps you to know the EMI amount which you will pay for the borrowed amount as per the tenure you choose and the interest rate Axis Bank charges. Follow the steps below to use Axis Bank Personal Loan EMI calculator.

  1. Visit the Axis Bank website
  2. Click to ‘Explore Products’ and select ‘Personal Loan’
  3. On the personal loan page you will see the EMI tool
  4. Insert your loan amount, interest rate and tenure to use the tool

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