Axis Bank Personal Loan

Why Axis Bank Personal Loan?

Tough time can happen any time,  and in related to the constraint of money make it more difficult, so rather than asking from your friends or colleagues, you can arrange cash on your own. Personal Loan Axis bank help you to tackle financial crises, by providing you money.

Axis Bank Personal Loan Interest rates

The interest rates of Axis bank will fall in between the range of 11.25% to 24%.

Features

 Firstly, less paperwork required.

The second thing is making the whole process hassle-free, as full guidance will be provided throughout the process.

No need to go anywhere, doorstep services.

Minimum Documentation.

Repayment options are very flexible

Quick approval.

Disbursal of Loan within 48-72 hours.

Lastly, the loan will be provided according to the CIBIL score.

Axis Bank Personal Loan Eligibility Criteria

Generally, Banks and other Financial institutions provide this type of loan to there customers.

For Salaried Individuals

Age: 22 years-65 years

Criteria: Salaried

Total job experience: Minimum 2 Years

Salary requirement: At least Rs 18000

CIBIL Score: Lastly, the CIBIL score should be maintained 650.

For Self Employed Individuals

Age: 23 years-65 years.

Criteria: Self Employed.

Turnover: 15 Lacs as per audited financials.

Business Stability: At least five years in the current business.

Latest two-year Income Tax Return (ITR) is required for self-employed individuals.

CIBIL Score should not be less than 650.

Documentation

ID proof: Driving License, Passport, Aadhar card, Pan card (any 1 of them).

Residence Proof: Passport, License card, Aadhar card, Ration card.

Three months latest Bank statement ( where income would credit).

Moreover, two colored photograph passport size.

After that, documents of self-employed.

Lastly, salary Slip for the last three months is mandatory.

Other Documents Required

Age Proof, it may be aadhar card, voter card or driving license( any one of them can consider)

Signature verification proof

Application form

Office address proof (bill of electricity, sales, purchases)

Proof of ownership (bill of sales)

Axis Bank Personal Loan Tenure

Tenure is the time period under which you repay the Loan amount, which is one year to 5 years.

Pre-closure Charges

Axis bank does not charge any pre-loan closure; this is a benefit for the customer, now they can complete their loan before the time period with 0% charges.

About Axis Bank

It is leading bank in India and securing 3rd place after HDFC Bank and ICICI Bank. Head office of Axis bank is in Mumbai, It has 4000+ branches, and revenue of this corporation is around $8.2Billion.