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

    • Axis Bank Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      After me applying for a personal loan at Axis Bank, the services was immediate. I was contacted on time and the I also got the funds within three days in my account. The interest rate and processing charges was also a decent deal. I got a rate of 11%.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 24, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have negotiated the interest rate with AXIS. They regret to reduce the interest rate.The documentation process was done on a processed way. I went to their premises and submitted the required documents. The required loan amount has been sanctioned and am happy about it. I am satisfied with their service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • Axis Bank Personal Loan
      "Excellent deal on the ROI"
      0.5 4.0/5 "Great!"
      My personal loan is from Axis Bank and it was a smooth process for me. The documentation was on time and the disbursement as well. The interest rate is around 11.39% which is one of the best rates currently in the market. The processing charges was normal too. There is a part payment facility which can be used after a month.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Customer friendly service"
      0.5 4.0/5 "Great!"
      The process was done in a processed way with Axis personal loan. There were regular follow up made by their executives and they understood the customer requirements. Good options were presented to the customers in regards to the personal loan. Within a week's time the loan has been disbursed by axis bank. The rate of interest is low , when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have a personal loan with the Axis bank and the interest rate is around 13.5%, also the loan amount got disbursed within a month of time. Response was good one with the Axis bank and the processing charges are also a good one with the Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Flexible interest required from a great Customer support"
      0.5 4.5/5 "Excellent!"
      One prime reason of balance transfer is high interest, I have other account with axis, they despised not giving best interest rate for an existing customer. They offered 18.5% of interest and when the all interest rate gone down, they didn't reverse it. Hence I done balance transferred to HDFC.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 20, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Four months before, I had taken a personal loan from Axis bank. I do hold a salary account with the same bank. Once I submitted my documents to the bank they processed the loan and it was all completed in a proper way. The interest rate levied by them was around 16%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 20, 2017
    • Axis Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Axis bank is the best for me as they are very responsive to a customer and they never let the customer down. I have taken a personal loan and I got the loan on time without me having to follow up. They also provided a good deal on the interest rate and charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Axis bank. Actually I hold savings account with them for more than 2 years. The interest rate is 16.25% which is high but I am happy with the bank in terms of the loan process. I do not have any issues with Axis bank especially for the loan service.
      Was this review helpful? 0
      , paradip
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Recommendable Bank"
      0.5 4.0/5 "Great!"
      Axis is a recommendable bank for the loan process. I availed personal loan from them. They sanctioned the amount which they had committed. There is no foreclosure charges, partial payment option are there and very importantly there is no extra charges. I would definitely recommend Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Overall it was a good experience with axis bank. The executive and the axis bankers gave very good response. They told the loan process will take 3 to 4 days but they have disbursed the car loan within 48 hours. The axis bank executives were very cordial in concern to my car loan . The rate of interest is nominal with Axis bank. I am happy about the loan amount.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 17, 2017
    • Axis Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Axis bank and this bank has also been perfect for me in their services. The process for the loan is good and it is on time. Clear information was provided and the interest rate and processing me was consistent for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Nice services"
      0.5 5.0/5 "Blown Away!"
      I got a nice deal from Axis Bank for the personal loan. The process was without any hassles and the interest rate was normal. I was also charges a normal fee. I got this loan without any delay and I did not have to follow up as well. The after loan services are also satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I do hold a personal loan with the Axis bank and the interest rate was around 13.75%. The loan amount got disbursed to my account on an immediate basis also they had taken around one or two days of time. Processing charges were also a kind of okay for me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 16, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      When I was need of loan at the time AXIS responded well, they have disbursed the loan amount with in three to four days of time. AXIS had provided an interest rate of 17% which is quit high but since it was in emergency basis I had to take it. They had given it for a tenure of 5 years and EMI is around 2684/-
      Was this review helpful? 1
      , mohali
      Reviewed on Jun 15, 2017
    • Axis Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      Axis bank is good in the rate of interest and other charges. Recently I approached the bank for the personal loan where the interest rate is 10.5% with no processing fee. When compared with other banks, Axis is good for the loan services. Customer service is good.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 14, 2017
    • Axis Bank Personal Loan
      "Interest has to be reduced as per market"
      0.5 3.0/5 "Satisfactory"
      I have pre closed the AXIS personal loan, my loan amount was Rs. 5 lakhs, without any extra charges I closed my loan and I got the NOC. Drawback was interest rate , AXIS offered me 18.5% of interest, it was very high compared to other bank. If they reduce the interest rate many customer can utilize their service.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan with Axis bank earlier and the process to get this loan was easy. The documentation part was very much nominal , the interest rate and processing charges were also reasonable. The after loan services is also good and no hassles.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Supportive Service"
      0.5 4.0/5 "Great!"
      I had taken the personal loan from Axis bank. This is the bank for my salary account. At that time the interest rate was 16% and it was normal that time. They done with the process in a good manner. Their customer approach and support is really good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 12, 2017
    • Axis Bank Personal Loan
      "Excellent customer service"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Axis bank and the rate of interest was around 13.5% and the loan amount got disbursed within four days of time. Response was good time and the processing charges were around 1% from the total capital amount.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 10, 2017
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    Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1785 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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