Types of Personal Loans
Facing a financial emergency or planning your next big purchase? Axis Bank has got you covered with a suite of Personal Loans tailored to fit your life. Whether it's a foreign holiday, a home renovation, a sudden medical need, an educational
course or any other scheduled or sudden need for funds, discover the different kinds of Personal Loans that can help pave your way.
Personal Loan for Holiday
Explore the types of Personal Loan options for your dream getaway. Enjoy quick funding for your adventures with a Personal Loan for holiday, tailored for minimal paperwork and fast track approvals.
Personal Loan for Wedding
Celebrate love without financial constraints by choosing from different types of Personal Loans. Axis Bank's Personal Loan for wedding ensures your special day is memorable, with hassle-free access to funds.
Personal Loan for Renovation
Transform your home or work space with ease, selecting from various kinds of Personal Loans. Axis Bank's Personal Loan for renovation offers a streamlined application process for swift upgrades to your home or office.
Features & Benefits
Unsecured, collateral-free loans
- No need to pledge any assets as security or collateral
- Can be availed without valuation of any physical asset such as home, car or gold or financial investment such as Fixed Deposit, equity shares or bonds
Quick and easy disbursal
- Personal Loans are processed easily and approved swiftly, with fast disbursement of funds, when you need them most
- This ensures that urgent financial needs are met without unnecessary delay, making Personal Loans convenient and reliable
Competitive interest rates
- Personal Loans interest rates are linked to the loan tenure, your credit score and existing relationship with the bank
- Choose as per your affordability and as per to match your repayment capacity
Flexible loan tenure
- The flexibility in loan repayment periods allows for a more manageable financial planning process.
- Whether short-term or long-term, this adaptability ensures that repaying the Personal Loan doesn't strain your budget
Check Eligibility for Personal Loan
When considering a Personal Loan, understanding the eligibility criteria is key. Here's what you need to assess:
- Age: Typically, applicants must be between 21 and 60 years of age.
- Employment status: You should have a steady income, whether you are salaried or self-employed.
- Credit score: A healthy credit score is crucial, as it reflects your creditworthiness. Typically, a score above 700 is considered good.
- Income level: To be eligible for Axis Bank Personal Loan you need minimum income of Rs 15000 per month, if you already use any Axis Bank product, or Rs. 25000 per month, if you are applying for an Axis Bank product
for the first time.
- Work experience: You need to be a salaried doctor, or an employee of public and private limited companies, government sector employees including Public Sector Undertaking, Central and Local bodies
Documents required for Personal Loan
Applying for Personal Loans requires you to have the following documents ready:
- Last 3 months statements
- 3 latest salary slips with latest Form 16
- KYC documents: (Any one from the following)
- Passport
- Driving License
- PAN Card
- Aadhaar Card with date of birth
- Voters Id
You can also apply digitally by providing your registered mobile number (if you are an Axis Bank customer) and Date of Birth or PAN number in case you are a new customer.
