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AXIS BANK PERSONAL LOAN

AXIS BANK PERSONAL LOAN - (A)

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

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