Axis Bank Personal Loan is offered to salaried individuals with loan amounts starting from Rs. 50,000 to Rs. 15 lakh is offered by the bank and can be easily applied online from the comfort of your home or office. Also, you can conveniently repay the personal loan within tenure ranging from 12 to 60 months. With quick approval and speedy disbursal, Axis Bank Personal Loan can be availed instantly.
Axis Bank Personal Loan Eligibility Criteria
- You should be a salaried employee (salaried doctor, employee of reputed public and private limited companies or government sector employees including Public Sector Undertakings, Central and Local bodies)
- You should be at least 21 years old and your maximum age should be 60 years at the time of loan maturity
- Your minimum monthly income should be Rs. 40,000
How to Improve Your Axis Bank Personal Loan Eligibility?
- Maintain your credit score: A credit score is a reflection of your past credit behavior and hence is one of the most important factors considered by the lenders when deciding your personal loan eligibility. If your credit score is good, you may be eligible for the loan. If not, improve your credit score by paying your existing loans and credit card bills on time before applying for a loan
- Pay your existing credit card bills: Before you apply for a loan, ensure to clear or reduce your existing debts. This will increase your debt-to-income ratio and hence the lender will consider that you are capable enough to pay another loan
- Consider all your sources of income: Your income helps a lender to evaluate your ability to repay. Therefore, it is necessary to include all your sources of income while applying for a personal loan including your salary, variable pay, rental income, etc.
FAQs
Q1. How much personal loan can I get from Axis Bank?
You can get a personal loan of up to Rs. 15 lakh.
Q2. Can I get a personal loan from Axis Bank if my salary is Rs. 40,000?
Yes, as minimum salary required to be eligible for a personal loan from Axis Bank is Rs. 40,000.
Q3. What is the interest rate of Axis Bank Personal Loan?
The interest rate of Axis Bank Personal Loan starts from 11% p.a.
Q4. How can I apply for Axis Bank personal loan?
You can either check for best offers and apply for a personal loan at Paisabazaar or you can call the Axis customer care at 1 – 860 – 419 – 5555 or 1 – 860 – 500- 5555 or you can visit the nearest branch of the bank.
