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

    • Axis Bank Personal Loan
      "Service quality not good"
      0.5 1.0/5 "Really Bad"
      The service quality was not good when it comes to AXIS Bank. The bank took around a months time to process the loan. Documentation process was completed on time. It was a problem from the bank side in processing the loan I am very much eager to get this loan from AXIS.
      Was this review helpful? 0
      , ahmednagar
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Process is fantastic & good payment methods"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan earlier with Axis Bank. It was a excellent process and they have the benefit of a part payment option. This option is very beneficial as I have already closes three quarter of my loan. The interest rate and charges is normal too.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Good prepayment options"
      0.5 5.0/5 "Blown Away!"
      I am allowed to make prepayment with AXIS, once in every 6 months I can make some partial payment that in turn lowered the interest component and it reduced the outstanding amount too there by EMI amount was reduced. Pre payment charges were very much applicable from 5% to 8% .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Fast process and excellent service"
      0.5 5.0/5 "Blown Away!"
      Axis bank is the best bank to bank with. I have taken a personal loan and every day they followed up. The team provided me with the updates and the customer support is excellent. The interest rate and processing charges are also normal. I got the loan within three days.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "It Was Good"
      0.5 4.0/5 "Great!"
      The service and experience i had with AXIS BANK was really good, I had taken this loan 9 months ago . the responsiveness from the bank side is real good i loved the experience . The only thing i did not like was that the EMI amount was quite a very high . it was a nice feeling over all .
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      , mumbai
      Reviewed on Sep 22, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with AXIS bank. The whole loan process took just 4-5 days and it was hassle free. The rate of interest was 13.49% which is good and they have provided door step services for the documentation collection. The loan amount also got disbursed with committed time and there is no charge for the pre closer .
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The axis bank has approved my loan within very short time and service is very customer friendly with Axis bank. The rate of interest is nominal with axis bank . They have disbursed my loan within 4days of time. The service is really customer friendly from Axis bank.
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      , panaji
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Interest rate with Axis bank personal loan is too high when compared with other banks. They have disbursed my loan amount within 10 days of time. The customer service gave average response in regards to my personal loan application. The rate of interest need to reduced by Axis in future.
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      , tiruchirapalli
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Unprofessional services"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Axis bank. Though I have a good credit report and my ITR is up to the mark and my documents are perfect. Just because I did not have a permanent home address, the personal loan was not processed. I would have appreciated if the bank has got back to me and informed me the status as I was waiting for this loan.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 21, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When I approached AXIS bank for my personal loan , they have rejected my loan application due to my low credit score. I am impressed with their response and customer care . The rate of interest was 10.99% and I would like to rate 4 out of 5 overall.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Axis Bank Personal Loan
      "Good one"
      0.5 4.0/5 "Great!"
      Interest rate and processing fee charged by AXIS bank was relatively high but still I am okay with that the reason being though my credit score is less The bank was ready to offer the loan. Prepayment charges charged were 2% to 3% also I am okay with that.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 20, 2017
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The axis bank gave better response than SCB in regards to my personal loan application. They have taken just 2 working days to disburse my loan amopunt. The rate of interest is low with Axis bank when compared with other banks. I am satisfied with the loan amount which I received from AXIS.
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      , chennai
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Axis bank services are pretty good. I do have the loan experience with Axis bank. They done with the personal loan within 4 days that was amazingly good. Interest rate is around 13.49% but the other benefits are good and the tenured is for 2 years of time the loan amount I have taken is 2 lakh rupees
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Loan process is good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Axis Bank and the process was good. It was a immediate response and I got the loan without any kind of hassles. The interest rate and processing charges is also normal and the after loan services are good and smooth.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Banking services are good"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has been good in the banking services. It is a savings account. The online banking is the best as I do all my transactions on it. The customer support is also good and they are very responsive. Till date there has been no hassles or inconvenience.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan earlier from Axis Bank and the process is lengthy. The bank is also pretty high on the interest rate and processing fees. When I compare this bank with HDFC Bank, I would suggest HDFC to others and not Axis as they need improvement.
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      , salem
      Reviewed on Sep 16, 2017
    • Axis Bank Personal Loan
      "Satisfactied with the services"
      0.5 5.0/5 "Blown Away!"
      I have an earlier experience with Axis Bank for a personal loan and the process to get the loan was easy. I did not have a lot of paper work and the loan was also disbursed on time. Just that the bank is high on the interest rate and processing charges.
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      , hyderabad
      Reviewed on Sep 16, 2017
    • Axis Bank Personal Loan
      "Better rate of interest"
      0.5 4.0/5 "Great!"
      Axis banking services are okay with less interest rates and minimal charge i have applied personal loan with minimal rate of interest which has been disbursed in short period of time if you submit all correct documents to the executive who comes to your home and collects them .The processing fee is apt can be affordable .Overall not bad .
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 15, 2017
    • Axis Bank Personal Loan
      "good for banking "
      0.5 4.0/5 "Great!"
      Availing any loan through AXIS bank is preservice no processing fee during the application when compared to other banks and the rate of interest is also according to the market norms also the tenure period is very good which is minimal and acceptable.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 14, 2017
    • Axis Bank Personal Loan
      "Response part needs to be improved"
      0.5 5.0/5 "Blown Away!"
      AXIS is also good, but rate of interest was nominal they are charging around 14% of interest for the personal loan, customer service is not upto the mark, I am not getting any proper response from them, I would like to suggest them to work on service part.
      Was this review helpful? 0
      , alibag
      Reviewed on Sep 13, 2017
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    Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1896 Users

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    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.

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