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.
|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|
Some of the factors which have a bearing on personal loan eligibility are as follows:
The maximum loan amount sanctioned is Rs. 15 lakh.
The minimum age is 21 years and the maximum is 60 years.
While Axis Bank does not specify the exact CIBIL score required, a score of 750 and above is considered desirable in most cases.