AXIS Bank Loan on Credit Card

Below-mentioned are the primary features of Axis Bank credit card loan:

• No Document Requirement
• Immediate disbursement/minimized TAT
• Direct transfer to Savings Account
• Attractive rates of Interest

Eligibility is defined by Axis Bank internal policy guidelines. It is a time-bound eligibility criterion; customers would be eligible for a specific offer for a specific period of time.

The Eligibility Criteria for an Axis Bank Credit Card is as followed:

1. Applicant must be between 18 to 70 years old
2. Add-on cardholder must be above 18 years of age
3. Applicants minimum net income must be Rs. 6.00 lakh per annum.
4. Customer must be an Indian citizen

The above-mentioned eligibility criteria are for indicative purposes only. Final approval of the card is at the sole discretion of the bank.

Later on, the Bank will also ask for some KYC documents to establish identity, income and place of residence. Do submit them in a timely manner

Net Banking
Axis Bank credit cardholder can avail the facility of net banking for which he/she has to login to his/her bank account to apply for the loan

Phone Banking
Axis Bank credit cardholder can avail the facility of phone banking by calling the 24×7 customer care support for the loan request

Branch Visit
Axis bank credit cardholder can visit AXIS Bank branch and drop in a request for loan on credit card

Note:  When applying through Phone Banking or NetBanking, the customer would receive a call or an SMS on his/her registered mobile number where he/she can request for providing loan against the credit limit.

Below-mentioned are the fees and charges of Axis Bank credit card on loan:

• A one-time Processing Fee of 1.5% or Rs. 500 whichever is higher
• EMIs will be calculated at an Interest rate specified on call and on a monthly reducing balance
• In case of foreclosure, a foreclosure fee of 3% of principal outstanding at the time of foreclosure or Rs. 300 whichever is higher will be levied to the
  customer along with service tax
• The Rate of Interest is arrived by the Bank after taking into account various factors. The rate of interest will be between 12.60% to 22.20% p.a. on reducing balance

Is there any documentation required to apply loan on Axis Bank credit card?
No, there’s no documentation required to apply loan on Axis Bank credit card.

What is the customer care number of Axis Bank?
Axis Bank credit cardholders can contact on 1 800 419 5577 in case of any queries.

Can i apply for loan via phone banking and net banking?
Yes, you can easily apply for loan via phone banking and net banking.