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  • Axis Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 2295 Users

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    Axis Bank Personal Loan Eligibility Calculator

    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

    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’

    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

    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
      "Good Service"
      0.5 4.0/5 "Great!"
      Applied a personal loan with AXIS bank, i was in a urgent need and my application was processed in a week time. I find the interest rates very high here The sales person didn't gave me any idea on interest rates, as i was needed money for a medical urgency i didn't inquired for interest rate. But now its been 3 months and i feel like its very high.Have taken amount of 3 laks, would wish if the rates come down, it will be a great relief.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 15, 2018
    • Axis Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Axis bank . Am satisfied with the rate of interest which they have provided which is promising one . There is processing fees for the loan and pre closure charges are there . I make the payments through Ecs every month .Its been approved in 7 minutes.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Oct 15, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan, and it was quick in getting this loan. They had given me with a loan amount of 4,00,000 which has been satisfactory but the interest rate with them has been pretty high. There has been some charges which has been made by them around 1000.
      Was this review helpful? 5
      , chennai
      Reviewed on Oct 09, 2018
    • Axis Bank Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan from Axis Bank. It was a good process and the customer support and response is good. There are no fore closure charges and I can close the loan within one month itself. In all there are no hassles with the bank for me.
      Was this review helpful? 2
      , chennai
      Reviewed on Oct 09, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in taking this loan has been smooth and easy and the loan amount which they had provided had been satisfied all my needs. The interest rate with them has been good and there has not been any sort of additional charges which they had made so far. Their customer support and their staff responses also had been good where there has not been any hassle faced during the process of getting this loan.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 05, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this personal loan for some expenses and the experience i had with them has been quite good. The process has been quite simple and easy and the loan amount also had been satisfactory as well. The interest rate with them has been quite good when compared with the market rate since it was taken almost three years back.
      Was this review helpful? 2
      , chennai
      Reviewed on Oct 05, 2018
    • Axis Bank Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my personal loan from axis bank, the processing fee is 15% they charged me and rate of interest is normal only and they provide me good tenure period as per my expectation, no extra charges they have taken from me even Emi service is nominal.
      Was this review helpful? 5
      , lucknow
      Reviewed on Oct 02, 2018
    • Axis Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from the axis bank . As i hold my salary account from axis . They instantly approved the loan in 24 hours where the rate of interest is too high . There is nominal processing fees for documentation and approval . Am happy with service
      Was this review helpful? 4
      , surat
      Reviewed on Oct 02, 2018
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Axis Bank. The customer services and response is good and there are no hassles to get the loan. The rate of interest and processing charges are normal and the after loan services are good too. In all there are no issues.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 29, 2018
    • Axis Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Axis Bank. The process was instant and I got the loan within two to three minutes. The rate of interest was normal too. I got a rate of 12.49%. In terms of emergency this process is excellent and supportive to the customer.
      Was this review helpful? 8
      , bangalore
      Reviewed on Sep 27, 2018
    • Axis Bank Personal Loan
      "Nice process"
      0.5 5.0/5 "Blown Away!"
      Axis Bank is good in the personal loan process. The documentation is good and they have provided the loan in a low rate of interest and processing charges are normal. The after loan services are good. There has been no issues till date with the bank.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 26, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with AXIS bank and my experience was good, the loan amount was based on my requirement and the rate of interest of 10.99% is nominal in this bank. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Sep 25, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The experience at Axis Bank for the personal loan is good. It is a easy process and the documentation is also smooth. The rate of interest and processing charges is also normal. There are no issues to get the loan and the after loan services are good.
      Was this review helpful? 3
      , pune
      Reviewed on Sep 25, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Axis bank and the process to get the loan was smooth and easy. They contacted me on time and provided the loan on time as well. The interest rate and processing charges is normal. In all there has been no issues till date.
      Was this review helpful? 4
      , vadodara
      Reviewed on Sep 18, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS BANK 6 months back. The loan amount was 2 lakhs and the interest rate was very high . The rate of interest was 11.5%which is satisfactory .I am completely happy with the service here since there is no inconvenience faced at all. They have sanctioned the loan with in 3 days.
      Was this review helpful? 4
      , chennai
      Reviewed on Sep 18, 2018
    • Axis Bank Personal Loan
      "Not so prompt customer service"
      0.5 3.0/5 "Satisfactory"
      I had taken an instant personal load of rupee 25000 for 9 months. I got an app notification for this pre-approved instant loan and I applied. All installments were auto debited but load didn't close. I called the Customer care multiple times to close the account but irresponsive.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 17, 2018
    • Axis Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience i had with this loan and the loan amount which they had provided also had been good as well, but the interest rate had been on the higher end when compared with the market rate. Their customer support also had been responsive as well and there has not been any hassle faced with them so far.
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 17, 2018
    • Axis Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Axis Bank has given me the benefit for a personal loan. The customer services and response is good. The rate of interest is of 11% and there were no processing charges as well. The after loan services is also good and it has been a hassle free process.
      Was this review helpful? 5
      , mumbai
      Reviewed on Sep 15, 2018
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with AXIS BANK 1 year back. He loan amount was 2.8 lakhs and the interest rate was satisfactory . The tenure period was 3 years. The customer service and responses satisfactory . There is no inconvenience faced .The loan amount was approved on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 15, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      It was a good experience with AXIS bank for personal loan, the loan amount was for Rs 2.40 lacs with high interest rate when compared to other banks. Customer service was good and they responded on time. The tenure period for this loan is 4 years and they charge 2% of the principal amount for preclosure.
      Was this review helpful? 5
      , lucknow
      Reviewed on Sep 08, 2018
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