The axis bank
personal loan doesn't offer foreclosures, installment fees, quick payments, and versatile end-use. Common uses of an axis
personal loan include managing vacation expenses, renovating your home, hosting a dream wedding, and paying for medical emergencies. Axis bank offers personal loans from Rs. 50,000 to Rs. 15 lakh with flexible repayment terms from 1 to five years.
Characteristics of the axis bank personal loan
Flexible term: you'll define the repayment period as you would like because the axis bank offers a versatile term for
loans from 12 to 60 months.
Special offers: if you're already an axis bank client, lower interest rates are preferred.
Loan amount: axis offers personal loans within the range of fifty thousand rupees to fifteen lakh rupees
Transferring a private loan balance: you'll easily transfer your
personal loan with a high rate of interest to a bank aside from axis bank at a lower
rate of interest.
Documentation: so as to use axis personal loans, minimum documentation is required. Therefore, authorization is quick and straightforward.
Axis bank personal loan rate of interest
Interest rates on
personal loans 8.25%
1-year MCLR *3.75-15.75%
Spread on 1-year MCLR effective
rate of interest 12-24%
Eligibility criteria
Here are some key eligibility criteria for an axis bank personal loan:
Who?
- Salaried employees
- Salaried doctors
- Employees of varied public and personal companies
- Government sector employees, including public sector undertakings, central and native bodies
Age
- Minimum: 21 years
- Maximum: 60 years after the expiration of the private loan
- Minimum monthly net Rs. 15,000
Documents required for the loan request
General
Completed Form
KYC Documents (Proof of Identity and Address)
Proof of Income (Last 2 Pay Slips)
Account Statement for the Last 3 Months
The Credit Agreement Has Been Duly Completed and Signed Using the Permanent Instruction Request (Si) / Electronic Clearing Service (ECS) Forms
Based On Payment Method
The DHW / SI reimbursement method: 3 cheques after the safety DATE (PDC)
The PDC Repayment Method: PDC Corresponds To the Duration of the
Loan
The DHW Reimbursement Method: A Cancelled Cheques
