Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2035 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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
      "Personal loan with AXIS"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with AXIS. Within 3 to 5 working days i got my loan approved. The approved loan amount was 2 lakhs with a rate of interest of 14.5%. Including the processing fees and insurance they have taken 9000 rupees from loan amount. The monthly EMI is 6756 for 3 years. Partial payment and pre closure with out any interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been 1.5 months I have taken the personal loan service from axis the interest rate was 11.12 was fine compare to others in the market,the customer service was good the service have been taken through online the payments where also payed though online the loan amount they offered me was 4.5 lakhs it was good experience with AXIS for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      They will deduced 8550 every month,the interest rate they offered me was fine, when compared to others in the market the customer service was fine the documentation process was easy they visit the door step and collected it, past 1year taken the service ,I have to followups from my end always the communication problem was there with AXIS also loan amount have been delayed they miscalculated the amount still the service was fine with AXIS for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have applied personal loan with Axis bank around a year ago. The customer support haven't gave any response in regards to my personal loan application. The customer support need to be improved with Axis bank. They never sent any person to collect the documents.They need to give proper response to the Axis bank customer customers.,
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2017
    • Axis Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal experience with Axis bank was good, the loan process was very smooth and the loan amount was approved within 2 days. The loan amount was for Rs 3.5 lakhs with the rate of interest of 13.25% which is best rate in the market. Customer service was good and they responded on time. I have submitted all my documents directly to the bank.
      Was this review helpful? 0
      , bhuj
      Reviewed on Nov 20, 2017
    • Axis Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with Axis bank. I applied this loan by around May 2016 and it's still running. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 13.5% as rate of interest and there was some processing fees.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2017
    • Axis Bank Personal Loan
      "Moduled and prompt service "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from AXIS bank. The approved loan amount was 3 lakhs. The approved rate of interest was 14.99% and it is floating. I can close the loan at any time with no fore closure charges. The monthly EMI is 7000 with a tenure of 5 years with 0.5% of the principal amount as processing fee.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 18, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had availed a personal loan with Axis bank. It is a good service actually this year the personal loan is going to be over and I thought of getting the personal loan again from Axis bank itself but there was a balance of Rs. 13000 left so I had to take it in ICICI bank and RATNAKAR BANK. It is a good service overall.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Axis Bank Personal Loan
      "Interest rate to be reduced"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with Axis Bank by last year. They offered me 1.10L, I pay monthly premium of 3260 rupees through ECS. They provided a proper service and disbursement was also on time. The rate of interest is very high. They provided a doorstep service for documentation.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Axis Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I am planning to take a personal loan from Axis bank after 2 months, i find Axis bank is more convenient to me so that is the reason i am applying from Axis bank. I have availed the customer service from Axis bank and it is good, their response is quick. The loan amount is for Rs 10 lakhs with the rate of interest of 10.99% which is the best rate in the market.
      Was this review helpful? 0
      , tirupati
      Reviewed on Nov 17, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from Axis bank around TWO years ago. The customer support is good with the axis bank. I got the loan amount within a week time from axis bank. The required loan amount has been disbursed and I am satisfied with it. I would say I got good service from Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2017
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The customer service was good from the AXIS Bank side as i applied for a personal loan in that bank . The bank gave me a full approval and the amount was disbursed in a week to my account . The rate of interest given to me was 14% minimal and the processing fee was zero there were option of pre closure and part payment .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I have got a instant loan from AXIS the process was very fast compare to others within five minutes the loan have been approved the payments will be auto deducted from my savings account it was a excellent experience with AXIS for my personal loans service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Axis Bank Personal Loan
      "Good and quick service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Axis Bank and it has been a good experience with them as i am an existing customer with them. It was a smooth and quick process with them with proper response and service. I have a 14.5% rate of interest on my loan which i am okay with.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 13, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good experience with AXIS for my personal loan service and the interest rate they offered was 14 % which was high compare to others the customer service was good and the documents have been collected from my door step it was a good experience with AXIS for my personal loan service.
      Was this review helpful? 0
      , bahadurgarh
      Reviewed on Nov 13, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from Axis bank . They have disbursed the loan within 3 days of time. The customer support is good with Axis bank. They have given me good support in approving the required loan amount. The rate of interest and the charges are average with Axis bank when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Axis Bank Personal Loan
      "Good experience but rate of ineterst is high"
      0.5 4.0/5 "Great!"
      I have a personal loan with Axis bank and the experience with them has been good with regards to the approval and the process and procedures as i had no issues with that. I however only suggest that the rate of interest could be more flexible as my rate now is 13%.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 11, 2017
    • Axis Bank Personal Loan
      "Good approach"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Axis bank and i would say that they have a good approach with the customer as i had a good experience with them from the initial staged till the end. I however have a rate of interest of 11.5% and would suggest a more flexible rate could be considered.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 11, 2017
    • Axis Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Axis Bank is good overall in the personal loan experience. The process was on time and I got the loan as expected. The rate of interest and processing charges is on the higher side. I got the rate of around 16%. The after loan process is smooth and easy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • Axis Bank Personal Loan
      "Delayed process"
      0.5 2.0/5 "Expected more"
      Axis Bank is not up to the mark for the personal loan. After they contacted me they took five days to collect the documents. It was not a satisfactory process. The interest rate and processing charges is also on the average side. When compared to the other banks they need to be more proactive.
      Was this review helpful? 0
      , aligarh
      Reviewed on Nov 10, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.