Axis Bank 24x7 Instant Loan

1. Flexible loan amount: Under this loan scheme, you can avail loan amount ranging between Rs.10,000 and Rs.1 lakh.
2. Flexible Tenure: You can avail this loan scheme with repayment tenure ranging between 3 months and 1 year.

Who is Eligible for Axis Bank 24x7 Instant Loan?

The eligibility criteria for the instant loan facility depends on the Axis Bank policy guidelines. Axis Bank customers will be eligible for certain offers for a specific time period. To find out about the offer and check one's eligibility and quantum of loan, customers can contact the bank directly via the following methods:

1. By logging in to the Axis Bank net banking account
2. By logging in to the Axis Bank mobile banking account.
3. Get in touch with an Axis Bank executive to avail a pre-qualified offer.

The instant loan facility is available only on the primary card. The credit card holder can request for a loan amount up to the eligible limit as decided by the bank. The approval of the requested loan amount is subject to the customer's card transactions and available credit limit at the time of application for the instant loan facility.

Applicable Fees and Charges

The following fees and charges are applicable to Axis Bank instant loan:

Axis Bank Instant Loan on Credit Cards Calculator

The instant loan will be repaid in EMIs. To calculate one's instant loan EMI, the bank offers an easy-to-use online tool called the instant loan on Credit Cards Calculator. This calculator can be used to find out how much the loan will cost you on a monthly basis which includes the interest, tax, and processing fee.

Enter the proposed loan amount, tenure, and interest rate into the tool and click on the 'calculate' button. The result includes the total interest payable, processing fee, tax on interest, tax on processing fee plus the loan amount. Furthermore, the loan repayment schedule will be represented in the form of an amortisation table for easy understanding. Depending on the EMI results, one can make an informed decision when choosing the loan amount and loan tenure.

Terms and Conditions of Axis Bank instant loan Facility

If the EMIs are not paid on the specified due date, it shall be considered as loan default by the cardholder and he or she will have to pay the outstanding amount along with the applicable late payment charges. The instant loan facility cannot be used in part or whole for investment purposes, purchase of gold or small savings instruments, or for repaying the outstanding amount on an Axis Bank Credit Card.

About Axis Bank

Considered to be the third largest among the private sector banks in the country, Axis Bank offers a wide range of financial services to varied customers from retail and MSME to corporate and agriculture. Given that the bank began its operations in the year 1994, it has a widespread presence in India with 3,779 branches in 2,211 cities.

Axis Bank offers different types of loans to suit the varying needs of its customers. Among the offered loan types is the Axis Bank's 24x7 Loans which can be used to meet your emergency financial requirements, which is also type of axis bank personal loan. The Instant loan can be obtained easily and quickly against one's Axis Bank credit card.

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