Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan Reviews

    • Axis Bank Personal Loan
      "Satisfactory service and need to improve"
      0.5 4.0/5 "Great!"
      Once my personal loan got approved by Axis bank there was no proper follow up was made on the credit part. They haven't informed me about how the loan amount gonna credit to my account. The rate of interest is high when compared with other banks. The required loan amount has been approved and I am satisfied with it.
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      , bangalore
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      With Axis bank, the status of the product need to be informed to the customer, rather the service need to be transparent to the customers. I got the personal loan from axis bank, they have taken around 9to 12days for the whole personal loan process. The requested loan amount has been disbursed and I am happy with it. The terms and conditions are really good with axis bank personal loan.
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      , hyderabad
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      Axis bank has also offered me a personal loan and the process was smooth. The bank has always been satisfactory in the services they provide. The customer support has been quick in document collection and the disbursement was also as per my requirement.
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      , indore
      Reviewed on Aug 14, 2017
    • Axis Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My personal loan with AXIS bank was pretty good. It met my exception level in all aspects of service. In term of interest and process fee was very least compared to other banks. They have offered me 14.99% rate of interest for 1.44 lakh loan amount, and I hav taken this loan amount 6 months back and with in 10 days loan got disbursed.
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      , chennai
      Reviewed on Aug 13, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Axis has approved my personal loan, they gave the loan with 1.25 % processing fee. I have requested to waive off the ! % too. There is no part payment charges and no foreclosure charges, we can close the loan anytime after a month. Within 3 days of time they have disbursed my loan, The axis bank service was prompt in regards to my personal loan.
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      , bangalore
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have received personal loan from Axis with different kind of offers, they are Firstly Low interest rate, secondly Lesser processing fee, Finally Low foreclosure charges. The customer service is really good with Axis bank. They have disbursed my loan within 2 days of time, I am happy with the loan amount.
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      , chennai
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Best offer in the market"
      0.5 5.0/5 "Blown Away!"
      When I applied for personal loan, they said it disbursed within certain time but it got vary. But I am happy about loan facility they gave me zero pre closure, zero processing fee with lower rate of interest. Documentation process was also hassle fee but they taken some time to disburse, that part should be work it.
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      , hyderabad
      Reviewed on Aug 12, 2017
    • Axis Bank Personal Loan
      "Not happy with the service"
      0.5 2.0/5 "Expected more"
      The mistake I had done was, I went with third party agents for the personal loan. They directed me to the Axis bank. Throughout the loan process, I was informed that the interest rate would be around 13% from those agents so I accepted this loan happily and I had signed in the loan documents. At last in the final stage, I came to know that the interest rate for the personal loan is 20%. When I inquired with the bank, they told me that the interest rate is clearly mentioned in the documents where I signed across. I am very much disappointed because of this kind of service. Throughout the process, I was informed that the rate would be 13% so I did not read the entire loan papers.
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      , chennai
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "On time process"
      0.5 4.0/5 "Great!"
      The personal loan got sanctioned on time from Axis bank. It is much important that for an emergency purpose we are applying for the loan so if we got the loan on time then it would be good. Actually I took this loan about three years ago. Interest rate was something around 14%. But now it is closed.
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      , pune
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Moderate Service"
      0.5 3.0/5 "Satisfactory"
      Two and a half years ago, I had taken the personal loan from Axis bank. But my rating would be average for the bank because the only reason is, in all the banks they have loan top up kind of options. Axis bank do have this option but they kept some terms and conditions for top ups. Actually I approached the bank for top up after 9 months from the day I got the loan. they said since I have two cheque bounce they cannot provide the top up. But I had cleared all the over dues but still the bank is not supporting me to avail top ups.
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      , darjeeling
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Good in interest rate"
      0.5 5.0/5 "Blown Away!"
      I found the Axis bank provides the loan with lesser interest rate. Actually I approached ICICI bank first for the personal loan then I switched over to Axis bank because of the good interest rate which is 9.8%. Also the bank provides a good customer service as well.
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      , udupi
      Reviewed on Aug 11, 2017
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 2.5/5 "Just OK"
      My personal loan is with Axis Bank and when I visited the bank for a statement they could have got online and given to me. Instead I was informed that it would take a day's time to get it and if send by courier it would take three to four days. It is not a good experience in all.
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      , gulbarga
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      AXIS executive regularly called me and gave me good response on personal loan process. I am very impressed with that, according to other bank AXIS is best in rate of interest. I took the loan of 1.6 lakhs for the tenure of three years, I am very fine with that.
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      , sambalpur
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Super"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan with the Axis bank for the interest rate as 18.5%, also their services are okay one for me. Response is fine one for me and the loan amount got disbursed to my account within ten days of time. Response is good one for me.
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      , erode
      Reviewed on Aug 10, 2017
    • Axis Bank Personal Loan
      "Good interest rate"
      0.5 5.0/5 "Blown Away!"
      Recently I applied for the personal loan with Axis bank because the interest rate is 11.69% and the foreclosure charges are of 0%. I had submitted all my documents and it is in process. I always getting good response from the bank and no issues..
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      , chennai
      Reviewed on Aug 09, 2017
    • Axis Bank Personal Loan
      "Approachable "
      0.5 2.0/5 "Expected more"
      When I had checked with my friends about personal loan process, I heard that the Axis bank is giving good facilities to their customers. Actually the bank provides the minimum interest rate to their account holders with no processing fees, which is really appreciable. And the rate will be same everyone like if you are getting 2 L, 3L, 5L even 60k, the rate would be same.
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      , pune
      Reviewed on Aug 08, 2017
    • Axis Bank Personal Loan
      "NEED TO IMPROVE A LOT"
      0.5 1.0/5 "Really Bad"
      Axis bank needs to improve a lot in terms for everything, I have applied for the car loan the response was very bad the executives needs to be trained well. I received call from three different executives stating that they will offer the rate of interest of 9.25% later the other one called for 9% and last but not least they offered 8.7% I was totally confused and dropped the plan and opted the car loan via by paying cash,
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      , chennai
      Reviewed on Aug 08, 2017
    • Axis Bank Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      When I approached Axis Bank for a personal loan. I received a proper response and the bank was very obliged to proceed my papers. The rate of interest was around 10.90% and the processing charges was normal. The process was quick and excellent services.
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      , hyderabad
      Reviewed on Aug 08, 2017
    • Axis Bank Personal Loan
      "No preclosure charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a small amount of a lakh personal loan from Axis Bank. The document process is not that convenient as HDFC Bank. But I am very happy that I can close the loan anytime and there are no preclosure charges for it. The rate of interest was normal.
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      , nasik
      Reviewed on Aug 07, 2017
    • Axis Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I got the Personal loan from AXIS Bank and I maintain a salary account with same bank so the rate of interest offered by them was 18.5% and I have taken this loan 3 years back and its going to end in next two months I have availed 50000 rupees loan and there was no processing charges also documentation part was also very much normal too.
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      , mumbai
      Reviewed on Aug 07, 2017
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    Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1828 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

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