Axis Bank Personal Loan Eligibility | Age, Income & CIBIL Score

Key Insights

1. To get an Axis Bank personal loan approved, you need to be between 21 and 60 years old and have a minimum monthly income of ₹15,000. 

2. A CIBIL score between 720 and 750 is important for Axis Bank personal loan eligibility. It shows the bank that you have good credit and manage your finances well.

3. There is no set upper income limit for Axis Bank personal loan eligibility, so you may qualify for a larger loan amount depending on your financial profile and ability to repay.

Bro, Axis bank se loan lene ke liye sirf form fill karna sufficient nahi hai. You also need to meet the eligibility criteria, and this guide tells you everything you must know.

A personal loan is an unsecured loan that you can use for various purposes. The Eligibility for an Axis Bank Personal Loan depends on several factors, including income, age, and specific documentation requirements.

The Axis Bank Personal Loan eligibility is based on profession, such as if you are a salaried person, a professional, or a self-employed individual.

A good credit score adds points to be eligible for the Axis Bank Personal Loan.

Example:

My friend Dev is a salaried person; he wants the Axis Bank personal loan of ₹1,50,000, but he is not aware of the eligibility criteria. 

When Dev visits the Axis branch, he applies for an Axis Bank personal loan, but he is not eligible for the loan because he doesn’t have a salary slip. The loan is cancelled.

If you are in the place of Dev and don’t know about the personal Loan eligibility, this blog provides in-depth knowledge about the Axis Bank personal Loan Eligibility.

Axis Bank Personal Loan Eligibility Criteria

Are you planning for an Axis Bank Personal Loan? Then you have to know about the Axis Bank personal loan eligibility criteria because, without proper information, your personal loan might be cancelled.

Here is the detailed information about the eligibility criteria with an example.
 

These are the Axis Bank Eligibility criteria for salaried individuals, businesspersons, and professionals. If you want a personal loan, you have to meet the Axis Bank eligibility criteria.

Bonus Tip: Do you know? If you apply for the Axis Bank personal loan, you have to pay processing fees up to 2% of the loan amount + GST.

Required Documents for Axis Bank Personal Loan Eligibility Verification

Even a single missing document can ruin your day and delay your Axis Bank personal loan. To save you time, please double-check the required list in this document.

These documents are required when applying for an Axis Bank personal loan, whether you are a salaried individual, a businessperson, or a woman.

Bonus Tip: Do you know? You can calculate your personal loan eligibility with the Axis Bank Personal Loan Eligibility Calculator. You simply fill in the information, such as tenure and loan amount, etc.

Conclusion 

Are you looking for a personal loan from Axis Bank? If you meet the basic age, income, and credit score requirements, you can get funds quickly to help reach your financial goals.

FAQS

What is the timing of the disbursal of the Axis Bank Personal Loan?  

You can get money instantly in your Axis Bank account if you are eligible for the Axis Bank personal loan.

Is Axis Bank's personal loan suitable for customers? 

Axis Bank’s personal loans are a good option for many customers. They offer flexible loan amounts and repayment periods, fast processing, and competitive interest rates. Existing customers may also receive pre-approved offers.

What are the eligibility requirements for obtaining a personal loan from Axis Bank or any other bank? (Quora)

To qualify for a personal loan, you should be between 21 and 60 years old, earn at least ₹15,000 per month, have steady employment, and have a credit score of 750 or higher.

What is a quick glance of the Axis Bank Personal loan? 

Axis Bank offers personal loans with interest rates starting at 9.99% per year. You can borrow up to ₹40,00,000 without needing to provide collateral, and you have up to 84 months to repay.

Are there any charges for part-prepayment or foreclosure on an Axis Bank personal loan?

Axis Bank does not charge any fees for part-prepayment or foreclosure on personal loans.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.