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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2264 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The tenure period for this loan is 4 years and there are no preclosure charges.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 17, 2018
    • Axis Bank Personal Loan
      "average"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan with AXIS BANK . I am not happy with customer service because they misguide me initially they said low rate of interest but later they charged 14% . There is no hidden charges. I use to pay EMI on time and tenure period is 4years. Processing fee is 2500 and it is nominal. My loan amount is up to the mark .
      Was this review helpful? 2
      , lucknow
      Reviewed on Aug 16, 2018
    • Axis Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with Axis Bank and the banking process is good. The customer support and response is good and since I am a privileged customer, the bank has offered me a good deal on the interest rate and processing charges. The after loan services are good too.
      Was this review helpful? 3
      , new delhi
      Reviewed on Aug 16, 2018
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken loan with AXIS BANK . Interest rate is 16% which is too high in the market, and my loan amount is up to the mark. There is no hidden charges. I use to pay 15000 as EMI per month and tenure period is 5years. Customer service response is good. Processing fee is 2% on loan amount and it is high when compared to others.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Aug 14, 2018
    • Axis Bank Personal Loan
      "Nice experience"
      0.5 4.5/5 "Excellent!"
      Axis Bank is good in the personal loan. They were on time to disburse the loan. The rate of interest and processing charges is normal. The process of documents is timely. The after loan services are also good and satisfactory. In all no issues.
      Was this review helpful? 4
      , gurgaon
      Reviewed on Aug 13, 2018
    • Axis Bank Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has also offered me a personal loan. The customer support was good and the documentation process was on time and the disbursement too. The rate of interest and processing charges are also normal. I got a good deal overall in the process.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 06, 2018
    • Axis Bank Personal Loan
      "Applied for a loan"
      0.5 0.5/5 "Unacceptable"
      AXIS BANK FIT FOR NOTHING - WORST BANK IN INDIA. Worst service and this bank is fit for nothing. I wonder if atleast one person work in this bank. I waited for 1month 20days for personal loan and they never reverted back even after multiple calls and multiple mails and follow-ups. The only thing they know to tell is need 5 working days to do nothing. Would never ever recommend this bank for anyone. When discussed with friends they said why did I even go to this waste bank. This bank deserve negative rating.
      Was this review helpful? 11
      , bangalore
      Reviewed on Aug 01, 2018
    • Axis Bank Personal Loan
      "The interest rate is high"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from the Axis bank for 7 lacs, the interest rate was high. I got the loan amount with in 4 days, The interest rate was comparatively high. The whole application process was easy and hassle free. I got the loan amount in time.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 28, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with Bank services and the process in getting this loan had been simple and smooth. The loan amount which they had provided had been good as well and the interest rate with them had been nominal. Their customer support also had been good and responsive, i had taken this loan for my personal purpose.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Jul 27, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan had been very good where loan amount which they had provided also had been satisfactory as well. The interest rate which they had been charging also had been less as well. I had taken this loan for my personal purpose. Their customer support and the staff responses has also been very good where there has been a good responses from their side.
      Was this review helpful? 3
      , bharuch
      Reviewed on Jul 26, 2018
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS Bank 1 month back. The loan amount was 42,000 and the interest rate was very high. The EMI period was 3 years . The service was very nice and there is no issues faced with the overall experience . The loan was approved on time and there is no documents required since i hold a saving account here.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 26, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from axis bank . Before taking loan they explained everything about loan like the rate of interest and pre closure charges . They took 3-4 days for approval and documentation. Am satisfied with the rate of interest and processing fees which is a nominal one. The chosen tenure period is 3 years where am making the payments monthly through ECS process.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jul 25, 2018
    • Axis Bank Personal Loan
      "Easy to take the loan"
      0.5 5.0/5 "Blown Away!"
      The interest rates and processing fee are too high in Axis bank. I have taken this personal loan 2 years ago. I have taken a loan amount of Rs. 3.77 lakhs. They have offered me a interest rate of 12.99% and i don't remember about the processing fee. I used to pay the EMI of around 8K. Its easy to get a loan and i have received a loan on time.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 23, 2018
    • Axis Bank Personal Loan
      "The interest rate is high"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with the Axis bank for 1 lakh, the interest rate was too high. I got the loan with in 10 days. The application process was easy and hassle free. They should seriously consider the interest rate and make it in part with other providers in the market.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jul 21, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Axis bank its instant approved loan through their mobile application. . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 2 years . They did quick documentation and received the loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 17, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS Bank 6 months back. The loan amount was lakhs and the interest rate was very high but the service was amazing . The tenure period was 36 months. I had a very hassle free process and smooth documentation.There is no processing fee and the pre closure is allowed after 6 months.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 13, 2018
    • Axis Bank Personal Loan
      "Easy to take loan from Axis"
      0.5 5.0/5 "Blown Away!"
      I have taken this personal loan 3 months back. I have applied the loan amount of Rs. 2.5 lakhs and they have sanctioned the same. They have credit the money after deduction of GST, Processing fee and insurance. They have offered me a interest rate of 14% and processing fee of 2%. I have received my loan on time. I'm paying the EMI of Rs. 8950.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jul 12, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with AXIS bank and my experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Processing fees were nominal and the customer service was good. The tenure for this loan is 5 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 11, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS bank 1 year back. The loan amount was 2 lakhs and the interest rate was bit high . The EMI period was 3 years . I had a good and hassle free process. The documentation was very simple and the processing fee was 2%. There is no delay in sanctioning the loan here.
      Was this review helpful? 3
      , chennai
      Reviewed on Jul 11, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from the axis bank which they approved in 7-8 day and the amount is reflected in next day ,its instant approve process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 3 years and i make the payment monthly though ECS. There are processing fees which is on the higher side.
      Was this review helpful? 3
      , greater noida
      Reviewed on Jul 10, 2018
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