In an attempt to reduce the time taken to process personal loan and increase customer comfort, Axis Bank has launched a new personal loan facility called “24*7 Instant Personal Loan”. The service can be enjoyed by customers who have an Axis Bank mobile app on their smartphone.
The service primarily targets customers with good CIBIL Score. The uniqueness of the feature is that it is absolutely paperless and requires no human-to-human contact with any of the bank’s representative.
Some key features of the Personal Loan app are:
- The maximum loan amount you can avail through this Paper Less Loan facility is Rs 5 lakhs.
- The rate of interest ranges between 12% and 17% annually.
- The pre-approved Personal loan depends on your credit history and track record.
To avail this facility, you just need to follow the below-mentioned steps:
- To begin with, download the Axis bank App from the Link given below and log into your account. https://www.axisbank.com/personal/speed-banking/axis-mobile/axis-mobile.aspx
- Once you have logged in, you will be able to view your pre-approved loan amount based on your entries for loan tenure and amount.
- Once the loan amount has been decided, you can decide the loan tenure for the repayment. Accordingly, the EMI will be reflected here along with the processing fees and interest rate applicable.
- After you agree to the terms and conditions, the money will be credited instantly to your account.