Axis Bank Personal Loan Online – Find Best Offers and Quick Approval from Loan Sumo!

Are you struggling to find a suitable loan for your specific needs? Consider exploring your options in Axis personal loan online. Being the third largest private sector bank in India, Axis bank offers a range of financial products to suit the varying needs of its customers. With 13,814 ATMs and 3,703 branches across the country, the bank is able to cater to a massive group of audience. Axis personal loans are known for their flexible terms, fast approval and minimal documentation. If you are looking for an instant personal loan, you should consider getting the Axis personal loan online.

Axis personal loan online – features and benefits you should know about

Unlike most online cash loans that provide a small amount of money, personal loans offer a significant sum that you can use for any purpose. Whether you are facing a financial emergency or going through a cash crunch, you may consider applying for the Axis personal loan online. You may also borrow to sponsor a long-awaited vacation or a wedding or a home remodelling project. How you use the money is completely up to you as lenders never interfere in your decision-making process. However, make sure to learn all you can about Axis personal loans before submitting your application. Let’s start with some of the features and benefits of the loan.

Features:

  • Both salaried and self-employed individuals can obtain the Axis personal loan online. However, you need to have a stable income to be eligible.
  • You may borrow anywhere from Rs. 50,000 to Rs. 15 lakhs depending on your income, repayment capability and credit history.
  • Axis personal loans are unsecured, which means you do not need to provide any collateral to obtain the money.
  • The tenure of the loan may range between 1 and 5 years, and the payment is broken down into several fixed monthly instalments.
  • You can also make part-prepayment without having to pay any extra charges.
  • You get multiple repayment options with the loan. Some of the popular methods include Post Dated Cheques and ECS.

Benefits:

  • Axis bank offers some of the most competitive interest rates in the industry. So, if you are looking for an affordable personal loan, try the Axis personal loans.
  • When you take out an Axis personal loan online, you get to earn eDGE loyalty points. For loan amounts up to Rs. 3 lakhs, you get 150 points. If the loan amount exceeds Rs. 3 lakhs, you get 300 eDGE loyalty points. With bigger loan amounts, you can earn even more points.
  • Do you have a running personal loan account with another bank? You can reduce the EMIs by transferring the existing personal loans to your Axis bank account. The Balance Transfer Facility also comes with some exclusive benefits.
  • When applying for an Axis personal loan online, you do not need to provide a ton of documents. You do not even have to wait a long time to get the approval. If you meet the qualifying criteria, you may even get the loan within 2-3 days!

Having good credit scores improves your chances of getting the best rates and terms. If your credit scores are low, you may struggle to qualify for the traditional personal loans. However, with the help of Loan Sumo, you may be able to obtain bad credit personal loans in India.

Axis personal loan online – interest rates and terms

Can you afford the Axis personal loans? Every financial decision matters. That is why you should always consider the cost before applying for a personal loan. Thanks to platforms such as Loan Sumo, you can now check eligibility & interest rates online. It helps you plan your moves carefully and take well thought out decisions. Here’s a quick glimpse into the interest rates and terms of Axis personal loans.

For salaried

For self-employed

Loan amount Rs. 50,000 – Rs. 15 lakhs Rs. 50,000 – Rs. 15 lakhs
Tenure 1-5 years 1-5 years
Interest rate 15.50% onwards 15.50% onwards
Processing fee Up to 2% Up to 2%
Prepayment charges None None
Foreclosure charges None None

The rates and terms are sure to change depending on your eligibility and credit history. If you do not know your credit rating, you can use the free CIBIL score checker to find that information. You can then estimate how much the loan is likely to cost you and whether you can afford it.

Documents you need to provide when applying for the Axis personal loan online

As mentioned above, Axis bank has kept the documentation process minimal. You do not need to supply a long list of documents when applying. Here are some of the essentials that you should keep handy:

  • Aadhaar card, PAN card, and recent passport-sized photographs.
  • Age proof mentioning the exact age of the applicant.
  • ID proof, income proof, and address proof.
  • Signature proof to verify the signature on the application.

Here at Loan Sumo, we not only help you find the best personal loans at the most affordable rates, but we also make it easy to apply for loans online. All you need to do is fill out our quick online application form and get the process started.