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

    • Axis Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have a credit with Axis bank, so based on the credit card they have offered me a personal loan . The required loan amount has been disbursed by axis. Axis bank took around 7 days to disburse my loan. The customer service and the response is good with axis bank. I am satisfied with the axis bank service.
      Was this review helpful? 0
      , sonepat
      Reviewed on Jul 18, 2017
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The axis bank personal loan process went smooth, They gave a call and asked me about my requirement then they have checked my eligibility and they have asked for my documents process the loan. Within 2 to 3 days they have approved my loan and in the same week itself my loan got disbursed and they have sent me the loan kit after 15 days of time. The rate of interest is as per the market standards and I am happy about it. They have offered me the loan with the zero % fore closure charges and zero part payment charges as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 18, 2017
    • Axis Bank Personal Loan
      "Extremely High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from Axis Bank on two occasions. I received the loan on time as they contacted me and processed my details. Being an existing customer, I was not given any good deals on the interest rate and charges. So I foreclosed the loan in two years. My tenure was for a period of 4 years.
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      , chennai
      Reviewed on Jul 13, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      Before 2 years , I had taken the personal loan from Axis bank. At that time the interest rate was around 16% which is little high, but they had sanctioned the loan on time. Now I want to take topup from Axis for which they said the interest rate would be 10.99% - 11.55%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Axis Bank Personal Loan
      "Better Service"
      0.5 4.5/5 "Excellent!"
      I had applied for the personal loan with Axis bank. It has been one month but still I am waiting for them to complete the process. Axis is the bank where I maintain my savings and salary account but I do not why they are delaying much. I had submitted my application at Trichy branch. It would have been better, if they would have completed the work on time.
      Was this review helpful? 1
      , erode
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Instant loan "
      0.5 4.0/5 "Great!"
      I would say the personal loan process with axis bank was quick and fast. They have disbursed the loan within 3 to 4 days. The customer service and the response is also very good with them. The required loan amount has been disbursed and I am satisfied with the loan amount. The rate of interest is average when compared with others. It has the advantage of part payment option but there are no fore closure charges too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      Axis bank has approved My personal loan as I hold a salaried account with Axis. The customer service and the response was good with Axis bank. They have disbursed my personal loan within 8 to 10 days. The rate of interest is nominal with axis bank. The required loan amount has been given and I am satisfied with the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      The whole personal loan process took 5 to 6 days of time. Within 2 days they have approved the loan then within next 2 days they have verified and disbursed the loan. The rate of interest is nominal when compared with other banks. The customer service and the response was pretty good with axis. The required loan amount has been sanctioned and I am happy about it. I am satisfied with the axis bank service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Without any obstacles my personal loan was processed with AXIS bank. It took three working days for the personal loan to get disbursed with AXIS Bank. As I am very much comfortable with the bank I would also suggest their services to others they have offered rate of interest of 12.99%.
      Was this review helpful? 0
      , vapi
      Reviewed on Jul 10, 2017
    • Axis Bank Personal Loan
      "Interest rate is high"
      0.5 4.0/5 "Great!"
      The rate of interest for the personal loan is around 13.49% with Axis bank. I availed the loan service but the interest rate is little bit higher with Axis when compared with other banks. Their customer service and their responses are pretty much good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 07, 2017
    • Axis Bank Personal Loan
      "Interest rate should be flexible"
      0.5 3.5/5 "Pretty good"
      Axis charging high interest of 18% on personal loan but Hdfc providing only 11% of interest. But Axis is good in notification they giving proper alerts to the customer. I have taken the loan of Rs. 1.5 lakhs with the EMI of Rs.3650 for tenure of five years.
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      , madurai
      Reviewed on Jul 06, 2017
    • Axis Bank Personal Loan
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      I applied for a loan and it was a very smooth process and got the money in just 1 day post receiving the message from Axis Bank of loan disbursal. Amazing experience. Cheers to Axis Bank! The interest rate is 10.99% plus this loan is insured i.e. if there is any mis-happening my family will not be liable to pay the loan back.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 06, 2017
    • Axis Bank Personal Loan
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      I just got only 1 call in concern to my personal loan application with axis bank. They haven't gave proper response to my loan application. The rate of interest and the other charges are really high when compared with others and they haven't even informed me about the interest rate. The customer service and the response need to be improved with axis bank. I am happy about the loan amount. The service need improvement with Axis bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2017
    • Axis Bank Personal Loan
      "Personal Loan "
      0.5 0.5/5 "Unacceptable"
      The Axis bank personnel did not process the loan immediately because they claimed the passport copy provided was not good enough. However, they confirmed that the loan was approved after 4 days when I wanted to cancel the loan application. This time they approved it without me submitting a new scan of the passport copy. So I did not understand why they claimed earlier that the passport copy wasn't good enough. Also they refused to confirm in an email that I wanted to cancel the loan. I am worried since I have given all the confidential documents and the approved loan should not be misused.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2017
    • Axis Bank Personal Loan
      "Best offer with worst customer service"
      0.5 3.0/5 "Satisfactory"
      I took personal loan from AXIS through third party agency, they taken some charges. Initially they offered me some interest rate during the loan process they increase the interest and also they charged higher processing fee. They didn't give clear information about the charges. Customer response should be improved but interm of offer AXIS is best in the market.
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      , bangalore
      Reviewed on Jul 04, 2017
    • Axis Bank Personal Loan
      "Not Approachable"
      0.5 1.0/5 "Really Bad"
      I had applied for the personal loan with Axis bank but the bank was not helped me in getting the loan. Actually I am an existing customer of Axis bank. But they are not willing to provide the loan which I requested for. Therefore, I am very much disappointed with AXIS.
      Was this review helpful? 0
      , burdwan
      Reviewed on Jul 03, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the Personal loan with AXIS Bank and I am maintain a salary account with same bank so the rate of interest offered by them was 15% and I have taken this loan 5 years back and its going to end in next four days I have availed five lakh rupees loan and there was no processing charges also documentation part was also normal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 01, 2017
    • Axis Bank Personal Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      About six months ago, I had taken the personal loan from Axis bank. Interest rate is 12.5%. They processed the loan in a proper manner. I received good service for the loan process. Even the bank is very prompt while crediting the amount and it was sanctioned on time.
      Was this review helpful? 0
      , yavatmal
      Reviewed on Jun 29, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The axis bank customer service was very good in concern with my personal loan application. I have got more than 5 years experience with Axis bank. Within 2 days of time I got the personal loan with axis bank. I am happy about the loan amount. The rate of interest is nominal with axis, when compared with others. I am satisfied with the axis bank service.
      Was this review helpful? 1
      , kakinada
      Reviewed on Jun 27, 2017
    • Axis Bank Personal Loan
      "Disatisfied Service"
      0.5 2.0/5 "Expected more"
      AXIS executive initially told me that they were charging 12% of interest on persona loan. When my loan got sanctioned then I came to know they were charged me 16% of interest, I am very disappointed with their service and I have requested them to reverse the interest rate but they asked me to pay processing fee. I am not happy with the service part, but my loan process was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
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    Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1809 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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