Axis Bank Personal Loan

Also read: Best Personal Loan in India

• Purpose:  People can use Axis Bank Marriage Loan to cover the costs of their wedding expenses.
• Loan Amount: Rs 50,000-Rs 40 lakh
• Tenure: 1-5 years

• Purpose: Axis Bank provides a Personal Loan for Home Renovation, which helps individuals finance the expenses associated with renovating, extending, or improving their current home property.
• Loan Amount: Up to Rs 40 lakh
• Tenure: 1-5 years

Also read: Best Personal Loan Status

Axis Bank determines the eligibility criteria for its Personal Loan based on factors such as the applicant's job profile, age, minimum monthly income, and more. Below are the eligibility criteria established by Axis Bank for their Personal Loans.

• Individuals who work for the government, whether at the local or central level, as well as employees of private limited companies, public limited companies, and Public Sector Undertakings, are eligible to apply for a personal loan from Axis Bank. Additionally, Axis Bank provides a special personal loan option for doctors.
• The applicant must be at least 21 years old at the time of applying for the loan.
• The maximum age of the applicant at the time of loan maturity should not exceed 60 years.
• The applicant should have a minimum monthly income of Rs 15,000.

Also read: Best Personal Loan Eligibility

To apply for an Axis Bank Personal Loan, you will need to provide the following documents:

Make sure to self-attest all these documents when you submit your application.

Also Read : Best Personal Loan Documents Required

• 1-860-419-5555
• 1-860-500-5555
• Non Toll Free Number: +91 40 67174100

Absolutely, Axis Bank offers pre-qualified instant personal loans to specific customers, and the entire process is handled digitally from start to finish.

Axis Bank promotes fast processing of personal loans but doesn't specify the exact time it takes for loan disbursal. However, if you're eligible for a pre-qualified personal loan from Axis Bank, you can typically expect quicker disbursal, often within the same day you apply for the loan. To check if you qualify for an Axis Bank pre-qualified personal loan, you can click on the provided link.

Axis Bank exclusively provides personal loans with fixed interest rates and does not offer personal loans with floating interest rates.

Also read: Best Personal Loan Balance Transfer

Axis Bank's personal loan can be used for a wide range of personal purposes, excluding speculative activities. Additionally, entrepreneurs can utilize this loan to expand their business. The approval of the loan depends on the entrepreneur's credit history.

Certainly, Axis Bank offers a Personal Loan Balance Transfer option, allowing individuals with existing personal loans from other banks or NBFCs to transfer their personal loan to Axis Bank, potentially benefiting from lower interest rates.

Also read: Best Personal Loan Salaried Employees

While Axis Bank has not provided a specific credit score cutoff for personal loan eligibility, applicants with a credit score of 750 or higher typically have a better chance of securing a personal loan at more favorable, lower interest rates.