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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2226 Users

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    Axis Bank Personal Loan Eligibility Calculator

    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

    How to use Axis Bank Personal Loan Calculator to determine your loan eligibility?

    You can quickly know if you are eligible for Axis Bank Personal Loan using BankBazaar’s Loan Eligibility tool. All you have to do is enter a few details and the automated tool will promptly show you results. You may also compare different personal loan options available to you based on rate of interest, EMI, processing charges, loan tenure and more.

    Follow the below - mentioned steps to know your loan eligibility:

    1. Go to BankBazaar.com > Click ‘Loan’ (Menu bar at the top) > Select Personal Loan (You will be directed to Loan Eligibility Page)
    2. Select ‘Custom Quotes’ > Select gender > Click ‘Search for personal loan’ > Select city of residence > Press ‘Continue’ > Enter the name of your organisation > Select type of occupation > Press ‘Continue’
    3. Enter your net monthly income > Press ‘Continue’ > Select the bank you have your salary account with > Press ‘Continue’ > Enter the year of joining and work experience > Press ‘Continue’
    4. Enter the month and year you moved to your present city > Enter the month and year you moved to your present residence > Press ‘Continue’ > Select type of residence
    5. Enter your date of birth > Press ‘Continue’ > Select type of loan based on usage (you may skip this) > Press ‘Continue’ > Click ‘ View Free Offers’

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

    Particular 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

    Documents required to apply for Axis Bank Personal Loan

    • Passport size photograph
    • Proof of Identity
    • Proof of Age/ Birth date
    • Proof of Income
    • Bank statements of last 3 months
    • Proof for signature verification
    • Proof of residence

    Pre-Loan disbursement/ Post-Loan sanction documentation

    • Request for ECS Form/ Standing Instruction (SI). Security Cheques to be submitted for ECS and SI.
    • Duly signed agreement
    • Proof of qualification or registration with the governing body (Applicable for CAs, doctors, architects, CS, MBAs, ICWAs, engineers and consultants amongst others.

    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.

    Credit worthiness: 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.

    Frequently Asked Queries (FAQs)

    1. What is the maximum and minimum amount of personal loan that can be availed from Axis Bank?

      You may avail a minimum of Rs.50,000 and a maximum of Rs.15 lakh as a personal loan from Axis Bank. Following are some of the factors your loan amount may depend on:

      • Your income
      • Continuity of job/ business
      • Loan requirement and eligibility
      • Repayment capacity
      • Credit score
      • And more.
    2. What is the minimum and maximum tenure of loan I can apply for?

      You may get a loan for a period of 1 year to 5 years.

    3. What is the minimum and maximum age limit to apply for a personal loan from Axis Bank?

      A person not below the age of 21 years and not above the age of 60 years can apply for a personal loan.

    4. How can one calculate the EMI amount for a personal loan and the interest to be paid on the same?

      Though EMI can be calculated mathematically, you may compute the same in an easier way using the EMI Calculator available on BankBazaar website. The tool helps you know the different components of your loan including the principal amount, interest to be paid and month-wise and year-wise distribution of your EMIs.

    5. How can I determine my loan eligibility?

      You may check your personal loan eligibility using our Personal Loan Eligibility Tool. All you have to do is fill up a few details and the tool will automatically generate available options based on your profile.

    6. Are there any charges involved in using BankBazaar’s Eligibility and EMI Tools?

      No. BankBazaar’s EMI Calculator Tool is absolutely free for you to use. There are no charges applicable.

    7. How important is CIBIL Score in determining one’s loan eligibility? What should be the minimum CIBIL Score to avail a personal loan from Axis Bank?

      A CIBIL Score is an important measure of a person’s creditworthiness and it is used by banks and financial institutions in determining the eligibility of a person to avail a loan. The higher the CIBIL Score of a lender the better are his prospects to avail a loan of his choice.

      While Axis Bank does not suggest a specific CIBIL Score, a score of above 750 is considered to be a good score.

    8. Is there a need for a guarantor or collateral security to avail a personal loan?

      No collateral security or guarantor is required to avail Axis Bank Personal Loan.

    Personal Loan Reviews

    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been very good experience with the personal loan and the loan has been satisfactory and the interest rate also had been nominal and it had been normal. The whole process in getting the loan amount had been very smooth and easy and there has not been any kind of issues faced with them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • Axis Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using since 6 months the personal loan from the AXIS BANK. As soon i applied i got the loan. The rate of interest is 15.5% and it is like average. I have to pay for monthly once and i pay it through the on line. Documentation is very fast. The customer service very good and best.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good process in getting this loan and i am satisfied with the loan amount which have been provided by them, The interest rate with them had been good as well as the process has taken less time and there has not been any issues so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 19, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Axis bank for 2 lacs. The interest rate was nominal when comparing to other banks in the market and it was a super fast loan experience with the Axis bank. They provide loan with minimal documentation and the whole application process was easy and the documentation was also smooth.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • Axis Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I took three personal loan from the Axis bank. The process was good, Everything was online documentations was also easy. The loan amount was disbursed very fast. Overall it was a really fast loan experience. The service was also very good. I'd recommend Axis bank for other people as well/
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • Axis Bank Personal Loan
      "Very good service"
      0.5 3.5/5 "Pretty good"
      The loan experience has been okay, the process has taken some time than usual. The rate of interest with them has been high compared with the market rate. The loan amount has been satisfactory and their customer service has been okay. Everything has been on-line.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2018
    • Axis Bank Personal Loan
      "Worst Service"
      0.5 1.0/5 "Really Bad"
      I took a personal loan from the Axis bank, their service was worst. The loan amount was 2.3 lacs. In one occasion the agent didn't pay the EMI which was given and they used abusive words on call which was a really disappointing experience. The loan experience was good but they need to respect the customers and behave properly.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2018
    • Axis Bank Personal Loan
      "Good and Best"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the Axis bank. Interest rate was around 10.2%, also the customer service is good. The loan amount got disbursed within 4 to 5 working days of time. Everything is better one for me with the Axis bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Axis bank for 2 lacs, I got the loan amount quickly. The interest rate is nominal. I pay an EMI of 8000 per month. The whole loan process wand the documentation was easy and hassle free.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 08, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with AXIS BANK 9 months back. The loan amount was 1 lakh and the interest rate was 14.4% which is very high . The processing fee was very easy and hassle free.They haves sanctioned the loan with the committed time. I had a better loan experience here when comparing with ICICI bank
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 08, 2018
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I took a personal loan from Axis Bank for 2 lacs, The application process was easy. The Interest rate is very high. The tenure of the loan is 5 years and I've been paying an EMI of 5200 per month. They need to lower their interest rate for personal loans.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 06, 2018
    • Axis Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan was taken wit AXIS Bank 2.5 years back. I have taken 2.5 lakhs and the given interest rate was 20% which is very high than other banks and the tenure period was 5 years .The overall banking experience was excellent and the documentation was also very easy so I would like to recommend to others.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 06, 2018
    • Axis Bank Personal Loan
      "Easy to get loan"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan amount of Rs. 3 lakhs in Axis Bank. Bank is charging Rs. 14% as interest rate. I used to pay the EMI of Rs. 10275. I have to pay this loan for 36 months. They charged me a processing fee of 3%. I got the loan on time. I don't find any difficulties when i got my loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 06, 2018
    • Axis Bank Personal Loan
      "Interest rates are high"
      0.5 5.0/5 "Blown Away!"
      The rate of interest is 18.30 % for the personal loan and it is quite high. Their is no option for minimum rate of interest. I have applied one lakh. Actually i got a loan within a week. Iâ??m paying the EMI of Rs. 2576 per month. I used to pay the EMI for 5 years. They are charging a processing fee of something like 2800. They have to reduce the rate of interest.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 05, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience with AXIS bank was not up to the mark, the loan amount was for Rs 2 lakhs with high interest rate when compared to other banks. I pay my EMI through net banking. Customer service was good and the tenure period for this loan is 60 months where as i opted for 36 months.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've loan experience with other banks but Axis is the best, there were no pre-closure or part payment charges for them. It was a smooth loan experience with the Axis bank. I never faced any issues during the application and processing of Axis bank personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 05, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      It has been a very good loan experience with them, the loan amount which they had been provided had been satisfactory. But the rate of interest with them had been higher than other banks. The customer support had been good but the process has taken a little more time than usual.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 05, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Its been more than a year, since I have got the personal loan from the Axis bank. The customer support service and the response is good with the Axis bank. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are average with the Axis bank personal loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on May 30, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My loan experience was good with AXIS bank, the loan amount was sufficient and the rate of interest was nominal when compared to all other banks. Customer service was good, they followed up on time and there are no charges on preclosure of the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 30, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken the loan almost two years back, the experience has been very good experience with them. The process has been very good and it had taken almost 3-4 days to get the loan amount. The rate of interest had been very good and the documentation has been very easy.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 30, 2018
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