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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2367 Users

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    Axis Bank Personal Loan Eligibility Calculator

    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

    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.

    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’

    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
      "Very Good bank for personal loan"
      0.5 5.0/5 "Blown Away!"
      I bought my personal loan in the year of 2017. They have offered me a interest rate of 14.5% and the loan amount was Rs. 2.59 lakhs. There was some processing fee which is nominal according to the standard charges. Getting a loan from Axis bank is easy. There is a pre-closure and partial payment is available without any charges.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 14, 2018
    • Axis Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      It was a quick process with Axis Bank for the personal loan. The customer support and response is fine. The loan was also as expected and I got the loan on time. The rate of interest and processing charges was also nominal. In all it has been a good experience.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 14, 2018
    • Axis Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from axis bank . The rate of interest is promising one which is based on the market value I make the payments through Ecs . They did instant approval for documentation and approval with in 1 days with nominal 2 % of processing fees .Am satisfied with their customer service and response
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 13, 2018
    • Axis Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from the axis bank . As i hold my salary account from axis . They instantly approved the loan in where the rate of interest is too high . There is average processing fees for documents and approval . Their customer representative explained the terms and conditions
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 12, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been excellent and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and as a bank the services which they had provided so far has been great.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 11, 2018
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the AXIS BANK where the loan amount what they have offered is sufficient also the rate of interest is nominal they have provided when compared to the others. I have been using it from past 1.5 years where the service is very good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 11, 2018
    • Axis Bank Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      The best feature is that lower it is with the lower rate of interest is 11.49%. The duration is for five years to repay this loan and can be done with the pre-closer with this loan as there are no charges applicable with this loan. It is the good banking to use.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 11, 2018
    • Axis Bank Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Axis Bank. The process was good and i got the loan on time. The serviced and response is good. The rate of interest and processing charges is on the average side. They can be better as there are other banks providing better deals.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2018
    • Axis Bank Personal Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience with this loan has not been good, and it has been taken a long time back where it is going to be closed soon. The loan amount which they had provided has been sufficient but the interest rate with them has been high. Their customer support response has not been good as well.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 10, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a great experience i had with this Personal loan with them. The loan amount which they had provided has been sufficient and the interest rate with them has also been nominal when compared with the market rate. There has been a help from their customer support team as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • Axis Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      I have a ongoing loan with Axis bank. I remember the time i applied my application was processed on time., there was no delay. I had compared interest rates with other banks and then i had to choose Axis bank as i found the interest rate quite reasonable.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Dec 09, 2018
    • Axis Bank Personal Loan
      "Its Average"
      0.5 5.0/5 "Blown Away!"
      In Axis bank the interest rate is high comparatively but its very easy to approach. I have been kept follow up with Axis but they taken some time process the personal loan application. I think they are charging some fee for per closuring the loan.
      Was this review helpful? 4
      , salem
      Reviewed on Dec 07, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken this loan in June 2017 and the experience with them was not that good. The loan amount which they had provided has been sufficient but the process was not that good where it has taken more time than the usual time. The interest rate with them was also high when compared with the market rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • Axis Bank Personal Loan
      "It is far than other provider"
      0.5 4.0/5 "Great!"
      At the time I opened the account the interest rate is bit high with Axis, anyway I took the loan , the process was very easy within a week they disbursed the amount. I felt compared to other bank its high, there was so many banks offers lesser interest.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 06, 2018
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      Axis Bank also needs to improve on the services for the personal loan. Before I closed the loan, I was charged an interest on a daily basis which was not goo. At least they had a option to close the loan by allowing me to pay at any branch and I did not face any hassle after closing it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 05, 2018
    • Axis Bank Personal Loan
      "Minimize the documentation work"
      0.5 4.0/5 "Great!"
      I was quite happy with the Axis bank services. They were charging some processing fee. I am paying the EMI on time. I did not reach out the customer care on my loan tenure period. I have taken my Axis bank personal loan in 2011 and i have closed the loan in 2014. I purchased the loan amount of Rs. 2.06 lakhs. They have charged me a lots of interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 05, 2018
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      Since I was a existing customer at Axis Bank. I was offered a pre approved personal loan. I did not take it at that moment as I was not sure if I needed at that time. After which I had a requirement and I submitted minimal paper work. After collecting the documents, there was no response for a week from them. Then the executive visited my place for verification and I was asked too many questions. I was promised and I did not get the loan.
      Was this review helpful? 0
      , bareilly
      Reviewed on Dec 04, 2018
    • Axis Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this loan has been good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal and there has not been any sort of charges which they had made so far. Overall it had been a good experience with them.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 04, 2018
    • Axis Bank Personal Loan
      "Not satisfied with the service"
      0.5 2.0/5 "Expected more"
      I had taken this loan five years back and it will end in another three months. The experience with them has not been good where the interest rate with them has been very high. Their customer support has also not been good and there has not been proper help.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 04, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been good and the process has been pretty simple in getting this loan. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has been some processing fee which they had charged and there has not been any other charges made.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 04, 2018
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