Axis Bank Personal Loan : If you are facing problems in taking a loan, then you should apply for a personal loan in Axis Bank because Axis Bank also provides personal loans and many people have easily got loans from this bank. The process of applying for a loan in Axis Bank is also easy. Read this article carefully to know the complete information related to what you have to do to take a loan from Axis Bank.
Axis Bank Personal Loan
A maximum personal loan of up to Rs 40 lakh can be taken from Axis Bank. This is the maximum limit of the loan. While applying for a loan, you can apply by writing the loan amount as per your requirement. A loan can be taken from this bank very quickly and using minimum documents.
You can use this loan as per your need for medical emergency, home repair or to meet travel expenses, for your daily living expenses. This bank will give you the freedom to spend this loan anywhere.
Other information related to Axis Bank Personal Loan
On taking a loan from Axis Bank , the time you get to repay the loan will be from 1 year to 7 years. The interest rate will start from 10.99% per annum. A processing fee of up to 2% will be charged. The interest rate charged by Axis Bank on your loan will depend on your credit score, your eligibility, monthly income, your profile etc.
Axis Bank Loan Features
- Loan amount : You can get a personal loan of up to Rs 40 lakh from Axis Bank .
- Loan Tenure : Loan can be availed for a tenure ranging from 12 months to 60 months (5 years).
- Interest Rates : Axis Bank personal loan interest rates start from 10.99%, depending on your credit score and other factors.
- Processing Fee : Loan processing fee is charged as per bank rules.
- Loan Type : Unsecured personal loan, which means you do not need to pledge any asset for it.
Eligibility for Axis Bank Personal Loan
- The minimum age to avail the loan must be 21 years.
- You should be working in a government office or you should have your own business.
- Your monthly income should be at least ₹15000 per month.
- You must accept all the rules made by Axis Bank for personal loan .
Axis Bank Loan Documents
- Identity Proof : Aadhar Card, PAN Card, Passport etc.
- Address Proof : Electricity Bill, Telephone Bill, Passport etc.
- Income Proof : Salary Slip, Bank Statement, ITR (Income Tax Return) etc.
- Professional Documents : If you are a businessman then documents related to your business (GST Certificate, Business Registration etc.).
How to Apply for Axis Bank Personal Loan?
- Open the official website of Axis Bank to apply for personal loan .
- Scroll to the personal loan option and click on it.
- Read carefully all the information related to personal loan that is displayed on the screen.
- Now click on the Apply Now option.
- Now complete the login process using your mobile number.
- Now enter the personal details asked and also enter the OTP.
- Upload KYC documents and then complete video KYC.
- At last submit the application form.
- After completing this work, your application will be finalized.
Benefits of Axis Bank Personal Loan
- Fast Processing : After applying for a loan , the loan can be approved within a very short time.
- Favorable Interest Rates : The interest rates offered by the bank may be competitive with other financial institutions.
- Flexible repayment options : The loan tenure can be set as per your convenience.
Various Fees and Interest Rates for Personal Loan
- Processing Fee : Axis Bank charges a processing fee for personal loans, which is a certain percentage of the loan amount. This fee can usually range from 1-2%.
- Initial Fees : In some cases, the bank may also charge an initial application fee or other related fees.
- Late Payment Charges : If you do not pay your EMI on time, the bank may charge late payment charges.
conclusion
Axis Bank Personal Loan Whenever you apply for a personal loan in Axis Bank, some time will be taken and then the loan amount will be transferred to your bank account as per your eligibility. If you are eligible for a loan of up to Rs 5 lakh, then you will be provided with a loan of that much. Before providing the loan, you will definitely be given complete information, so you must get that information.