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

    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the Axis bank and the rate of interest was around 14.5% and the processing charges were okay with them. I would like to suggest that they can make lesser rate of interest for the customer, so that they can make the business. Customer service is fine one with them.
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      , gurgaon
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Axis bank and the rate of interest is around 18.9%. The loan amount got disbursed within twenty days of time. Response is good one with them and the processing charges were lesser one with the Axis bank.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Axis bank provided the personal loan for the interest rate of 12.5%, they approved the loan within 48 hours. Everything they had done well they processed the loan, approved it and disbursed it on time but the only drwaback is they provided the loan for 3.2 lakhs which is not required for me and they could have atleast told me that they can provide for 3.2 lakhs. Without getting my confirmation they processed it for 3 L. Actually I applied for 1 lakh, so again I followed them and converted it for one lakh. But they are good in responding and they have done the loan process within 4 days.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 27, 2017
    • Axis Bank Personal Loan
      "Hassle free serivce"
      0.5 4.0/5 "Great!"
      AXIS loan process is good they have sanctioned the amount within three days of time. I have personalized account with AXIS, I just submitted normal documents like three months salary slips, KYC document and bank statement. They approved the loan for 11% on personal loan.
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      , narwana
      Reviewed on May 26, 2017
    • Axis Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Applied personal loan with AXIS bank, they have explained me about the product and they have also sent the executive to collect my documents, after the documentation there was no response from axis bank. I would like to say the Axis bank service is really good apart from the response part.
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      , new delhi
      Reviewed on May 26, 2017
    • Axis Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Axis processed the loan in very short time, within seven days of time they have disbursed the amount. I have taken the loan amount of 7 lakhs with interest rate of 14% for the tenure of five years. At time it was very urgent hence I took it for same interest rate.
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      , hosur
      Reviewed on May 25, 2017
    • Axis Bank Personal Loan
      "Interest rate has to be reduced"
      0.5 2.0/5 "Expected more"
      Last August I had taken personal loan from AXIS, they charged me 20% on personal loan, I had taken the loan amount of 1.50 lakhs with fixed interest for the tenure of five years. I am planning to close the plan shortly but as of now I didn't face any difficulties.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on May 25, 2017
    • Axis Bank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      Recently I applied personal loan in AXIS bank, they offered 16% of interest rate. Their executives came and the documents then there was no response from their end, They didn't give any another option to take loan. Finally application got rejected.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Axis bank and am going to close it . The rate of interest was okay on that time like it was before five years of time, also the benefit was that there were no foreclosure charges and the partial payment charges. Processing charges were around 1.5% of the total capital amount, also its an acceptable one.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Excellent Experience"
      0.5 5.0/5 "Blown Away!"
      My first impression with AXIS is really good, they offered me best interest rate on personal loan. Their loan process is also good, after a month also I can do part payment or preclosure without any charges. As of now I didn't face any difficulties with AXIS everything excellent.
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      , bangalore
      Reviewed on May 24, 2017
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I had a personal loan experience with Axis bank for past 4 years ago. They took around 15 days to disburse my personal loan . The rate of interest is nominal with axis bank. Overall I am happy with the loan amount. The service with axis bank is average.
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      , mysore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "Good service with better executives"
      0.5 4.0/5 "Great!"
      When I have applied for personal loan with axis bank, I got a prompt response with axis bank and there executive made a call and spoke about the product briefly. They came to my place to collect the documents . After the documentation the loan is on process right now. Overall axis bank gave me a satisfied service. The executives are really helpful and supportive with Axis bank.
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      , bangalore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "High ROI & charges"
      0.5 4.0/5 "Great!"
      My earlier experience with Axis Bank for a personal loan was really good. I wanted them to close this loan as the bank is very high on the interest rate and charges. They offered me a rate of around 24% which is extremely high when compared with other banks.
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      , bangalore
      Reviewed on May 23, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Interest rate is 13% for the personal loan with Axis bank. I had taken this loan quite long back. The process went good without any constrains. The bank executive was so cooperative to process my loan. Their customer service is excellent as well.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2017
    • Axis Bank Personal Loan
      "Satisfied service"
      0.5 4.0/5 "Great!"
      The axis bank customer service gave good response and follow up in concern to my car loan. The process went in a good way and the documentation process done in a processed way , The Axis bank executive came to my place and collected my documents. The rate of interest is nominal comparatively. Finally I can say it was a good service.
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      , chennai
      Reviewed on May 17, 2017
    • Axis Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      Three years ago, I availed loan from Axis bank which is personal loan. I did not receive proper communication from the bank on EMI amount, date and calculations. Also they offered very high interest rate, I believe it is 14 or 17% but higher than other banks. I am disappointed on the loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2017
    • Axis Bank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I have salary account with AXIS bank, hence they have provided pre approved loan. But AXIS rate of interest is higher than ICICI. My loan amount was Rs.1 lakhs with tenure of 18 months, still it is running. As of now I didn't face any issue with them.
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      , murshidabad
      Reviewed on May 12, 2017
    • Axis Bank Personal Loan
      "Charges should be competitive"
      0.5 3.5/5 "Pretty good"
      AXIS loan process is much faster than Standard chartered, documentation process was also very quick. But AXIS charged a high processing fee and interest rate for the personal loan. I had taken the loan amount around 5.5 lakhs before two years. But there is no preclosure option and they should enable it.
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      , bangalore
      Reviewed on May 12, 2017
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan during the year 2016, AXIS charged the interest rate around 13% which is the best, Bank completed the loan process on time. I had taken the loan of Rs.4 lakhs, AXIS have given the part payment or preclosure without any charges, I could close my loan at any time.
      Was this review helpful? 1
      , gurgaon
      Reviewed on May 11, 2017
    • Axis Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am having the personal loan with the Axis bank and the interest rate is bit a high when compared with others.The loan amount got disbursed within five days of time The rate of interest was 16.2% The processing charges was 2500 and EMI is around 2482 and it is for 60 months
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 07, 2017
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    Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 1742 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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