Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2103 Users
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    Axis Bank Personal Loan Eligibility Calculator

    Overview about Axis Bank

    Whether you want to fund your vacation, pay your child’s tuition fees or renovate your home, personal loans offered by Axis Bank may help you achieve your objectives. With a repayment tenure ranging from 12 to 60 months with competitive interest rates, Axis Bank offers personal loans for up to a maximum of Rs. 15,00,000. What’s more, Axis Bank allows transfer of loans from other banks as well which can come to the rescue of customers who would want to change banks to avail of the benefits offered by Axis Bank. Axis Bank also has a simple approval process with minimal documentation to increase its clientele.

    Perfect Personal Loan Deals for you

    Axis Bank Personal Loan Eligibility for Salaried and Self-employed Applicants

    Particulars Salaried Self-Employed
    Age(Min-Max) 21 - 60 years 24 – 65 years
    Minimum Income Rs.15,000 per month (net income) Rs.2 lakh p.a.
    Co-applicant Not mandatory Not mandatory
    Loan Tenure 12 – 60 months -
    Minimum Loan Amount Rs.50,000 -
    Maximum Loan Amount Rs.15 lakh -
    City Tier 1: Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Gurgaon, Noida, Ghaziabad, Faridabad. Tier 2: Pune, Ahmedabad, Kolkata. Tier 3: Coimbatore, Kochi, Jaipur, Lucknow, Patna, Jamshedpur, Vadodara, Trivandrum, Vishakhapatnam, Bhubaneshwar, Trichy, Surat, Nashik, Aurangabad, Goa, Guwahati, Nagpur, Chandigarh. Tier 4: Bhopal, Calicut, Jodhpur, Mysore, Pondicherry, Raipur, Rajkot, Durgapur, Dehradun, Hubli, Jalandhar, Kolhapur, Ludhiana, Madurai, Mangalore, Patiala, Siliguri , Ranchi, Tirunelveli, Udaipur, Vijaywada, Indore, Ajmer, Allahabad, Bathinda, Belgaum, Bhavnagar, Bhilwara, Jamnagar, Kanpur, Kota, Salem, Ujjain, Warangal, Mehsana. -
    CIBIL Score 750 and above 750 and above

    Factors affecting Axis Bank Personal Loan Eligibility

    Some of the factors which have a bearing on personal loan eligibility are as follows:

    • Age criteria: The age profile of customers is one of the important factors considered for approval of personal loans. Banks, typically, offer loans to candidates who have productive years before them and can, therefore, have an active professional or working life to be able to not only take the burden of a loan but also repay it on time. To avail of personal loans provided by Axis Bank, salaried customers have to be within the age bracket of 21 to 60 years.
    • Type of company/organization: Given that personal loans are unsecured loans, the type of employer the customer is working for becomes important. Consequently, employees of public sector employees and those working for established, well-known private firms stand a better chance of availing of personal loans.
    • Stability: Stability of employment and income play a seminal role in determining the approval of loans by Axis Bank. A salaried person with three months of continuous employment with the current company and a self-employed person with a minimum of 3 years of experience in business is eligible for personal loans by Axis Bank. Customers should, however, bear in mind that the bank may decide to change the eligibility criteria at its discretion.
    • Financial health: The financial health of a customer will determine the amount of loan he or she is capable of acquiring from Axis Bank. It is, therefore, one of the most important factors which affect a customer’s eligibility in terms of acquiring a personal loan. Axis Bank has a set criteria in terms of a minimum net income an individual must earn to get a personal loan.
    • Multiple loans:A customer’s eligibility to avail of personal loan will be adversely affected if he or she has several loans at a given point of time. Banks will be vary of individuals who have multiple loans and are paying large EMIs.
    • Credit History: All banks, including Axis Bank, review an individual’s credit history before approving or rejecting a loan application. Bank will review the track record of EMI payments and credit card bills, if any, to ensure that a customer has a robust track record in terms of payments and credit history to determine if he or she is credit worthy.

    How CIBIL Score affects your Axis Bank Personal Loan Eligibility

    • CIBIL score:The CIBIL Score plays a pivotal role in the approval of personal loans. Banks check the credit score and credit report of customers. If the credit score of a customer is low, banks, in most cases, will not consider providing loan to a customer. The credit score will, therefore, act as a substantive indicator of the creditworthiness of a customer.
    • Repayment history: Poor track record of payments will invariably dent the credit score of an applicant. Repayment history of a customer constitutes about 35% of the credit score. Customers, therefore, need to ensure that bills are cleared on time so as to avoid their CIBIL score getting affected. Banks will examine the repayment history of a customer before approving a loan.
    • Loans and more loans: Any individual who applies for more and more credit cards and loans will expose himself to more risks. Every time a customer applies for a new credit card, banks enquire into his or her Cibil report. As a result, credit score of an individual will take a beating if there are several inquiries.

    How to increase Axis Bank Personal Loan Eligibility

    • Increase in loan tenure: According to experts, increase in tenure will result in reduction of EMIs, effectively increasing an individual’s ability to pay. The tenure of a loan, therefore, has a bearing on the loan eligibility of an individual.
    • Defaults: Customers have to ensure that they have a clean repayment history without any major defaults and late payments which will have an adverse impact on their CIBIL score. Also, banks will take serious note of any defaults by the customer in the recent past.
    • Creditworthiness: Timely payment is an important determinant of the creditworthiness of a customer. CIBIL Score of 750 score and above shows creditworthiness of a customer. In most cases, banks easily approve loans for customers who have a CIBIL score of over 700. Customers should ensure that they have robust track record in terms of repayments to increase their eligibility to avail of personal loans.

    FAQs on Axis Bank Personal Loan Eligibility

    1. What is the maximum loan amount sanctioned by Axis Bank?

      The maximum loan amount sanctioned is Rs. 15 lakh.

    2. What is the age criteria for salaried persons to avail of personal loans?

      The minimum age is 21 years and the maximum is 60 years.

    3. What is the CIBIL score required for salaried persons?

      While Axis Bank does not specify the exact CIBIL score required, a score of 750 and above is considered desirable in most cases.

    Personal Loan Reviews

    • Axis Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Axis bank.The loan amount is nine lakhs,rate of interest is 17% nominal as compared to other banks.They had processed the loan very quickly,had a best response from the executives.I make my EMI payment through online.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Axis bank and it was a good loan experience. The loan amount was for Rs 2.39 lakhs with the rate of interest of 13.5% which is high when compared to other banks. The processing fees was 2% which is high. Customer service was good and they collected documents on time. The tenure of this loan is 3 years and it was a good service from Axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • Axis Bank Personal Loan
      "Service needs to be improved"
      0.5 4.0/5 "Great!"
      I had a personal loan with Axis Bank and it was closed 3 years back. The rate of interest was quite high compared to other banks and they charged 2% as a processing fee. The customer service was not satisfactory, I would suggest them to improve the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with AXIS bank for about 1 year. The loan amount was 3 lakhs and the Interest rate was 13.5 % which is bit high than other banks. The tenure period was 5 years. The loan process was quick and the processing process was smooth. Here the pre closing process was also very simple and I paid 2500 which is nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2018
    • Axis Bank Personal Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      I got the loan amount within a week time from Axis bank. The customer support was prompt in their response part. The documentation process was also very good with the axis bank. The required loan amount was disbursed and I am satisfied with it . The rate of interest was 10.5% which is low when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had closed my personal loan with Axis Bank. The loan process was excellent. The rate of interest was 16.5% which was nominal. The documentation process was simple with Axis Bank. My loan got disbursed within 5 days. There are no charges for foreclosing the personal loan.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 12, 2018
    • Axis Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with AXIS Bank. The loan process was good. Earlier they specified the interest rate of 14.5% after doing the transaction they changed the interest rate to 19% at last they made it as 17% based on my salary. The customer service was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • Axis Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The response part is good with the axis bank. I have applied for personal loan with axis bank around a week ago. I have got the call back from the axis bank executives saying they they will approve my personal loan application within 15days of time.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 12, 2018
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      With the Axis bank, I am having the personal loan and the rate of interest is a good one for me with them and that was perfect at that time. The loan amount got disbursed within a month of time. Rate of interest is the perfect factor with the Axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 11, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS Bank.I did balance transfer from ICICI bank. The loan amount was 2.5 lakhs. The Interest rate was 18-19% which was very high than other banks in the market. The tenure period was 5 years. They have provided door step service for collecting documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2018
    • Axis Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Axis bank and the interest rate was around 11.99%. I would like to say I am yet to experience a good customer support. They have disbursed the loan amount within four to five working days of time from the date,when I have applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 09, 2018
    • Axis Bank Personal Loan
      "Faster Approval"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with Axis Bank before 9 months. I checked with multiple banks and found the interest rate was low with Axis bank. I got a very good response on the loan process. The loan was approved within one day. The executive came to my place and collected the documents.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 08, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Personal loan from Axis bank and it was a very good loan experience. The loan amount was for Rs 1.40 lakhs with the rate of interest of 16% which is high when compared to all other banks. This was a preapproved loan so no much documents were required. The process was very smooth and i received my loan amount within 2 days. Customer service was good and they responded correctly. The tenure of the loan is 48 months and it was overall a good service from Axis bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 05, 2018
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Currently, I am having the personal loan with the Axis bank and the customer service is good one for me. Response and other features are really fine one for me. Within ten days of time, I have got the loan amount with the Axis bank and everything is good one for me.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 04, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have a personal loan from Axis bank the service was good. But I feel the rate of interest they offered me was little high compared to others in the market ,process was fast. It was been three months I have closed the loan service from Axis bank it was a average service from Axis bank personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
    • Axis Bank Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      While applying my requirment was around Rs.2.5 Lakhs but they ended up offering me Rs.8.50 Lakhs. They said the processing fee would be 1.5% but after discussion they reduced it to Rs.1000. The rate of interest with them is pretty good. I pre-closed the Loan.
      Was this review helpful? 10
      , mumbai
      Reviewed on Dec 28, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Axis bank has offered me a personal loan and disbursed it within 2 to 3 working days of time. The customer support gave me excellent response in a polite way,. The required loan amount was approved and I am satisfied with it. The rate of interest was high but it is fine with the Axis bank.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 26, 2017
    • Axis Bank Personal Loan
      "Best "
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Axis bank and the customer service is also good one. I would like to say that the rate of interest is fine one for me and I have not faced any issues with the Axis bank till now. Processing charges are nominal one with the Axis bank personal loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 26, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Axis bank and loan experience was very good. I have taken loan for Rs 4.5 lakhs with the rate of interest of 13.29% which is nominal when compared to all other banks. The process was very smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The tenure of this loan is 5 years and I am planning to Balance Transfer to different bank, The processing fees was nominal and it was overall a good service from Axis bank.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 21, 2017
    • Axis Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I needed a Personal Loan and Axis Bank did step up and provided me with a decent loan. They offered me a Rate of Interest of 13%, which I feel is a little high. The process for getting the Loan was pretty short and required very little document as I am a privileged customer of them.
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 21, 2017
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