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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1952 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
      "not bad"
      0.5 4.0/5 "Great!"
      I have my personal loan with AXIS bank which was taken few months back. The loan amount was 3 lakhs and the rate of interest was 18% which was very high than other banks. The EMI period was 64 months . The customer service and responses was good. I am satisfied with the loan process also.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Average exeperience"
      0.5 3.0/5 "Satisfactory"
      The Axis bank has disbursed my loan amount within a week time. The required loan amount has been disbursed and I am satisfied with the loan amount. The axis bank customer support is average , The rate interest and the charges are nominal with axis bank when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I been a customer for six years at Axis Bank and I been approaching the bank for the last three months for a personal loan. The bank has not been flexible in providing me the loan and I have to approach the other banks for the same. It has not been a good experience.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Good experience with AXIS"
      0.5 5.0/5 "Blown Away!"
      It was a breeze of experience, that I had with AXIS Bank. Communication part was very good and we can easily get our work done there. The time scales taken to process the loan was hardly a week, plus I was offered the best interest rate. Coming to partial payment option, AXIS Bank has got an option of making partial payments after 2 EMI'S and on top of all, that there are no charges when it comes to foreclosure.
      Was this review helpful? 0
      , vapi
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      After me applying at Axis Bank for the personal loan. The bank declined the application because of their norms. But when I went to them and verified the same they reopened the application and guided me and sorted out the reason and processed the loan. They took the extra effort for me to complete the loan.
      Was this review helpful? 0
      , mysore
      Reviewed on Oct 15, 2017
    • Axis Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS bank 2 years back. The loan amount was 1 lakhs and the rate of interest was initially 17% then they have called me for the drop of interest rate which is 15.25% now . There is no pre closer charges here . They have provided door step service for the documentation collection and sanctioned the loan with the committed time also. The loan process was very easy and hassle free . The processing fee was 2,100 which is lowest in the market.
      Was this review helpful? 0
      , vapi
      Reviewed on Oct 14, 2017
    • Axis Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has offered me a personal loan and this experience was two years ago. Though I do not remember the exact interest rate and charges. It was surely a good experience and a fast process. The customer support was excellent and the after loan services are good too.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
    • Axis Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      The experience with AXIS BANK for the personal loan was good only .as the amount provided to me was 8,73 lakh . Its been only three months i took the loan and the Rate of interest provided by them was 10.49% and processing fee charged was 10k. Further AXIS Bank provided some foreclosure options @ 0% interest. The customer service was real good from the bank side .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      I have closed my personal loan with the Axis bank and the interest rate was around 15%, also the customer service was good one with them. Within two weeks of time, the loan amount got disbursed to my account.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the personal loan with the Axis bank and the interest rate is around 12.5%. Within seven days of time, the loan amount got disbursed. I would like to say that the response was an average one with them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Axis Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      The interest rate and processing charges are very high at Axis Bank. The bank is high when compared to Kotak Mahindra Bank. The process was perfect and the documentation was taken on time and the disbursement was also satisfactory. They could provide lesser rates.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 12, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS bank. The loan amount was 1.50 lakhs and Its a pre approved loan, the rate of interest was 24% which was high than other banks. The EMI period was 1 year. They have provided door step service for the documentation collection and sanctioned the loan with the committed time.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2017
    • Axis Bank Personal Loan
      "Its Average"
      0.5 4.0/5 "Great!"
      I took the personal loan with AXIS before five years, at the time I done lot of paper works. Totally AXIS took two weeks to complete the entire loan process. Interest rate was high for the principal amount of Rs.5.5 lakhs for the tenure of five years.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 10, 2017
    • Axis Bank Personal Loan
      "EXCELLENT"
      0.5 3.5/5 "Pretty good"
      I am having the personal loan with the Axis bank and the interest rate is bit a high when compared with others.The loan amount got disbursed within five days of time The rate of interest was 16.2% The processing charges was 2500 and EMI is around 2482 and it is for 60 months
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 09, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS bank. The loan amount was 1 lakh and the rate of interest was 11-12% which was average . The EMI period was 2 years. They have provided doors step service for the documentation service and They have sanctioned the loan with the committed time also.My overall experience was good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 09, 2017
    • Axis Bank Personal Loan
      "Very poor"
      0.5 2.0/5 "Expected more"
      Axis bank is doing a good service to the customers. I have taken a personal loan, I am paying my loan regularly from 2011 but rate of interest is high. They have sanctioned 2 lakh rupees. Though they easily provide loans, customer service is very bad.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 09, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The axis bank has approved my loan within a week time. The customer service was prompt with Axis bank , they gave good response in regards to my personal loan application. The required loan amount has been disbursed by axis bank. The rate of interest is nominal with Axis bank when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 06, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I took a Personal loan with Axis bank one and half years back. The representative helped me a lot, he came to my place to collect the documents. Rate of interest is really high they charging around 16% for personal loan. I make my payment through ECS.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 06, 2017
    • Axis Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Axis bank has disbursed my loan amount with 2 days of time. In regards to my personal loan axis bank has fulfilled their promises. The customer service was prompt from axis bank. The rate of interest is average with axis bank when compare with other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 06, 2017
    • Axis Bank Personal Loan
      "Simple loan process"
      0.5 4.0/5 "Great!"
      My holding salary account with AXIS, hence I processed my personal loan with the same bank, documentation process is very userfriendly and also with less paper work. Now my personal loan is under process, I didn't get the reference no yet from the AXIS bank.
      Was this review helpful? 0
      , hapur
      Reviewed on Oct 06, 2017
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