Axis Bank Personal Loan

Right from the expenditure required for the dream vacations to lavish weddings, Axis bank strives to extend personal loan at a very competitive interest rate with minimal documentation facilitating prompt processing of the loan. Thus, all your dreams can be met in a smoother way with Axis bank. At LoanStreet you can apply for personal loans online and get a prompt approval with assured satisfaction.

Minimum Threshold For Axis Bank Personal Loan Eligibility
  1. Salaried Individual
    • Minimum Age of the applicant should be 21 years
    • Maximum Age of the applicant at the time of loan maturity should be 60 years.
    • The minimum employment period should be of two years with one year at the present organisation.
    • Minimum Income is a net salary of Rs 15000 per month
  2. Businessman/ Self Employed Individuals
    • Minimum Age of the applicant should be 25 years
    • Maximum Age of the applicant at the time of loan maturity should be 65 years.
    • Minimum Business period should be five years with minimum three years in current business.
    • The Minimum annual income should be Rs 3,00,000 net Profit as per latest IT Return
Documentation for Axis Bank Personal Loan

For application of Axis Bank Personal Loan, self-attested copies of the following documents are solicited:-

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Axis Bank Personal Loan Interest Rates
Rate of Interest 12.99 % to 24 %
Loan Tenure 1 year to 5 years
Processing Fees 2% of the loan amount + applicable taxes
Foreclosure charges 2-4 % of the outstanding loan amount + applicable taxes
Axis Bank Personal Loans – WHY ?

Known for flexibility, transparency and accountability Axis framework is very customer oriented. It has always catered to the needs of their customers in a very speedy manner.

Maximum Tenure Maximum Funding
60 months Rs 15 lakhs
Unique Features of Axis Bank Personal Loan
  • Nil prepayment Charges
  • The rate of interest is best in class
  • The documentation is simplified for a smoother journey for the applicant.
  • Instant approval on the application of loans.
  • The balance transfer facility enables transfer of loans having high interest rate to Axis Bank.
  • The total amount of loan that can be availed ranges from Rs 50,000 to Rs 15,00,000